Dubai - Mubasher: Al Mal Capital REIT (AMCREIT), a subsidiary of Dubai Investments, has acquired the NMC Royal Hospital real estate asset in Dubai Investments Park, marking its first healthcare investment.
The move brings AMCREIT’s portfolio to six income-generating assets valued at approximately AED 1.40 billion, according to a press release.
Operated by NMC Healthcare, the facility spans 492,332 square feet and includes two hospital blocks and a fully leased commercial building.
It offers 120 inpatient beds, outpatient services, a pharmacy, and an emergency unit.
The asset is leased under a long-term agreement with a residual weighted average unexpired lease term (WAULT) of 17 years. This structure ensures stable cash flows and steady returns for investors.
Naser Al Nabulsi, Vice Chairman and CEO of AMCREIT, said: “By entering the healthcare sector, we are broadening the REIT’s investment mandate to include essential infrastructure assets that deliver resilient, long-term returns.”
The transaction supports AMCREIT’s strategy to expand its portfolio with high-quality, income-generating assets across resilient sectors of the UAE economy.
Earlier this month, Dubai Investments announced plans to double production at Emirates Float Glass (EFG) by adding a second float line.
