BNW Developments and Enlightened Minds Investments have entered into a strategic partnership as Co-General Partners to initiate the $300 million BNW Real Estate Fund, securing capital commitments amounting to $27 million on the day of its launch.
BNW Real Estate 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. It aims to support premium real estate development across the UAE.
The fund targets an 18% annual return, of which 8% is distributed annually, with the balance expected upon exit.
Ankur Aggarwal, Chairman and Founder of BNW Developments, said, “This partnership represents a pivotal chapter for our company. 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, said, “This partnership is a statement of intent. 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, said, “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, said, “Partnering with BNW Developments aligns with our mission to back ventures that are vision-driven and return-focused. 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.”
