BNW Developments and Enlightened Minds Investments have announced a strategic partnership as Co‑General Partners to launch the BNW Real Estate Fund, a USD 300 million vehicle designed to fast‑track real estate opportunities across the UAE. The fund secured USD 27 million in commitments on its launch day, underscoring investor confidence in its vision.
The Fund will operate on three investment pillars:
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Land acquisition in high‑growth, strategically significant locations.
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Last‑mile and completion financing for projects nearing delivery, ensuring timely execution.
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Branded, purpose‑built developments tailored to evolving end‑user needs.
The strategy is expected to deliver 18% annualized returns, including an 8% annual distribution with the balance realized upon exit.
Leadership emphasized the partnership’s transformative potential. Ankur Aggarwal, Chairman and Founder of BNW Developments, described the fund as “a pivotal chapter” in scaling innovative, community‑focused projects. Vivek Anand Oberoi, Managing Director and Co‑Founder, called it “a new era of development, driven by purpose and performance.”
Timur Kudratov, Co‑Founder of Enlightened Minds Investments, added that the collaboration aligns with their mission to back ventures with strong fundamentals and long‑term growth potential.
With BNW’s project pipeline and Enlightened Minds’ capital‑raising expertise, the fund is positioned to accelerate premium developments while contributing to the UAE’s expanding real estate landscape. The first phase of allocations will be deployed in the coming months across curated opportunities.
