Al Mal Capital REIT (AMCREIT), a branch of Dubai Investments listed on the Dubai Financial Market, has boosted its healthcare portfolio by acquiring NMC Royal Hospital in Dubai Investments Park (DIP), enhancing its status as one of the UAE’s leading real estate investment trusts.
While financial specifics were kept confidential, this acquisition elevates AMCREIT’s portfolio to about Dh1.4 billion across six properties, emphasizing its strategy to acquire premium, income-generating assets.
This move comes after a successful Dh210 million capital increase in August via a follow-on public offering, with funds allocated for portfolio growth and diversification.
The newly added NMC Royal Hospital is a vital healthcare asset, featuring two hospital blocks and a fully leased commercial building, spanning a total built-up area of 492,332 square feet. Managed by NMC Healthcare, the facility includes 120 inpatient beds, extensive outpatient services, a pharmacy, and a 24-hour emergency department, establishing it as a premier medical facility in the DIP region.
The hospital is secured under a 17-year lease with NMC Healthcare, guaranteeing stable, long-term cash flows for AMCREIT investors. This acquisition marks the REIT’s initial direct investment into healthcare infrastructure, highlighting a broader focus on essential, recession-proof sectors that provide reliable returns.
Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital, emphasized that the acquisition underscores the REIT’s dedication to constructing a diversified portfolio rooted in stable income streams. “This acquisition not only fortifies our portfolio but also expands our investment mandate to include essential infrastructure assets that offer sustainable long-term returns,” he stated.
AMCREIT, the UAE’s first diversified REIT listed on the DFM, continues to broaden its reach across residential, commercial, and now healthcare sectors. By concentrating on properties with long-term leases and strong tenant agreements, the trust aims to deliver consistent dividends and capital growth to its investors.
With the inclusion of NMC Royal Hospital, AMCREIT has solidified its reputation as a leading institutional investor in vital community assets, aligning with Dubai’s broader ambition of fostering a resilient and sustainable investment environment that supports economic diversification and long-term growth.
