Manzil Asset Management Raises Rs 475 Crore from Indian Investors in UAE Real Estate
Manzil Asset Management has announced the successful raising of over AED 200 million (approximately Rs 475 crore) from Indian ultra-high net-worth individuals. This significant fundraising reflects the growing confidence in structured real estate opportunities in the UAE, especially in Dubai's robust market.
While Manzil identifies opportunities across various sectors, including luxury residences, commercial properties, and strategic assets, luxury villas continue to attract significant interest from discerning ultra-high net-worth investors. Saagar Panchal, founder and CEO of Manzil Asset Management and Hireavilla, highlighted this trend during a recent investment summit.
The fundraising follows an investment summit hosted by Manzil Asset Management earlier this month. The event, which attracted more than 250 curated attendees, including high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), family offices, and venture capital/private equity partners, aimed to highlight the lucrative opportunities in the UAE market.
Dubai's real estate market has been performing exceptionally well, with prime zones witnessing a 20-30 percent year-on-year appreciation and offering net tax-free yields of 7-10 percent. This strong performance has made the market particularly attractive to Indian investors.
"Indian investors today are looking for more than just transactions; they want clarity, strategy, and curated opportunities," said Panchal. Manzil Asset Management is committed to providing these investors with the transparency and strategic insights they need to make informed decisions in the UAE real estate market.
The success of this fundraising round underscores the growing interest of Indian investors in the UAE's real estate sector, driven by the market's stability and growth potential. Manzil Asset Management continues to play a pivotal role in connecting Indian investors with high-quality, curated real estate opportunities in the UAE.