BNW Developments and Enlightened Minds Investments have entered into a strategic partnership as Co-General Partners to initiate the BNW Real Estate Fund, securing capital commitments amounting to USD 27 million on the day of its launch.
The fund will invest across three key areas; land acquisition in high-growth, strategically located markets; last-mile and completion financing for projects at an advanced stage of delivery to support timely execution; and the development of branded, purpose-built real estate assets that meet current end-user needs. The fund targets an 18% annual return, of which 8% is distributed annually, with the balance expected upon exit.
Speaking on the signing, Ankur Aggarwal, Chairman and Founder of BNW Developments said, “With the launch of BNW Real Estate Fund, we are scaling our vision to deliver developments that are not only innovative and investment-strong, but also meaningful to the communities they serve. We are confident that this collaboration will fast-track our ambition to redefine the future of real estate in the region.”
Vivek Anand Oberoi, Managing Director and Co-Founder of BNW Developments added, “With the launch of the fund, we are investing in outcomes, growth, and the future of the UAE. It marks the beginning of a new chapter for BNW, one built on scale, speed, and clarity. This is more than capital deployment; it is a new era of development, driven by purpose and performance. We are building momentum that will shape markets, create value, and redefine the possibilities.”
Sandeep Agarwal, Real Estate Advisor, BNW Developments added, “This is the first of many launches for BNW Real Estate Fund in structured markets and focused on combing the best of regular returns like bond markets and the upside potential of equity participation in the high growth UAE real estate playbook.”
Timur Kudratov, Co-Founder of Enlightened Minds Investments remarked, “The Fund allows us to channel capital into projects with strong fundamentals and long-term growth potential, enabling us to support investors while contributing to the region’s evolving development ecosystem. Together, we look forward to building value that lasts.”
The BNW Real Estate Fund is now open for strategic investor engagement, with the first phase of allocations expected to be deployed across a curated selection of opportunities in the coming months. The partnership was inked in a signing ceremony held in the presence of investors and industry stakeholders.
