Manzil Raises Rs 475 Crore from Indian Investors for UAE Real Estate
Mumbai, Aug 22 (PTI) Manzil Asset Management, a leading real estate investment firm, announced on Friday that it has raised over AED 200 million (approximately Rs 475 crore) from Indian ultra-high net-worth individuals (UHNIs). This significant fundraising reflects the growing confidence in structured UAE real estate opportunities.
While Manzil Asset Management identifies opportunities across a range of sectors, including luxury residences, commercial properties, and strategic assets, it has noted a particular interest in luxury villas among discerning UHNI investors. Saagar Panchal, the founder and CEO of Manzil Asset Management and Hireavilla, highlighted this trend.
The fundraising follows an investment summit hosted by Manzil Asset Management earlier this month to showcase the potential of the UAE market. The summit attracted more than 250 curated attendees, including high-net-worth individuals (HNIs), UHNIs, family offices, and venture capital/private equity (VC/PE) partners.
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 robust performance has further bolstered the interest of Indian investors in the region.
Panchal emphasized that Indian investors today are seeking more than just transactions; they are looking for clarity, strategic insights, and curated opportunities. Manzil Asset Management aims to provide these investors with the necessary tools and information to make informed decisions in the UAE real estate market.
The success of this fundraising round underscores the growing trust and confidence Indian investors have in the UAE's real estate sector. Manzil Asset Management is well-positioned to capitalize on this momentum and continue to identify and secure high-value investment opportunities for its clients.