Capital without structure introduces risk that due diligence cannot fully mitigate.Access without governance introduces structural risk.
Lummora applies a formal governance framework across every deal — from sourcing through member vote to exit and distribution. Every decision is documented. Every protection is structural, not discretionary.
Services
Member Protection Framework
Every deal Lummora executes is governed by the same structural protections regardless of deal size, timeline, or exit path. These are not discretionary arrangements. They are embedded in the legal architecture of every transaction.
Governance applies symmetrically — to how capital is deployed, how decisions are made, and how returns are distributed. Members are never asked to trust Lummora's intentions. The structure makes intentions irrelevant.
01
Lived market experience
On-the-ground experience across Dubai and Ras Al Khaimah — across sourcing, acquisition, renovation, tenanting, and exit. Not advisory at a distance.
02
Capital Alongside Members
Lummora co-invests in every deal. The principals are not advisors standing to the side — they are participants with the same exposure to the outcome as every member.
03
Independence From Volume
No transaction targets. No promotional incentives. No pressure to deploy capital into opportunities that do not meet the platform's underwriting criteria.
04
Selective by Design
A deliberately small circle of members and a deliberately small number of deals per year. Depth of execution over breadth of activity.
Member Governance Rights
Every major decision is subject to formal member ballot — not determined by Lummora unilaterally.Incoming mandates are reviewed for: • Exit strategy selection — sell, long-term let, or short- term let • Hold period extension or early exit• Refinancing and equity recycling • Any material change to the deal structureMajor decisions require a 66% supermajority.
A full financial model for each option is shared before any vote takes place. The ballot window is seven days. Results are announced within twenty-four hours.
The waterfall is fixed. Lummora participates in profit only after members have been paid in full. • Member capital returned first — 100%, before any distribution • Preferred return paid to members — before Lummora earns any carry • 80% of remaining net profit distributed to members pro-rata • 20% carried interest to Lummora — earned last, never first
The preferred return is a priority distribution, not a guarantee. It is conditional on the deal generating sufficient returns. Full financial modelling is shared with members before capital is called so that this distinction is understood from the outset.
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