India, Dec. 23 -- Nisus Finance Services Company Limited (NiFCO) on December 23, announced investment over Rs.536 crore ($59.8 million) to acquire and refurbish a completed residential asset in Dubai's Motor City, the company said in a statement.

"The transaction has been executed through the Nisus High Yield Growth Fund, a DIFC-based property fund that also operates a feeder structure in GIFT City, enabling Indian investors to participate. The deal represents a significant expansion of Nisus Finance's international real estate portfolio and deepens its capital deployment in the Middle East," it said in a statement.

According to the company, Lootah Avenue was completed in 2021, and it is a freehold residential development comprising 273...