Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market, has made its first investment in the healthcare sector, acquiring NMC Royal Hospital in Dubai Investments Park.
Without disclosing the financial details, AMCREIT stated that it is the company’s sixth asset, bringing the total portfolio value to approximately AED 1.4 billion (US$380 million).
Al Mal Capital REIT enters the UAE healthcare sector
Operated by NMC Healthcare, the facility comprises two hospital blocks and a fully leased commercial building, totalling 492,332 square feet. The hospital offers nearly 120 inpatient beds, extensive outpatient services, a pharmacy, and an Emergency Response unit.
The fully leased commercial building adds a stable, recurring income stream, complementing the hospital’s long-term operational performance.
The hospital blocks are leased under a long-term structured agreement with a residual Weighted Average Unexpired Lease Term (WAULT) of approximately 17 years, providing strong cash flow security and sustainable returns for investors.
Naser Al Nabulsi, Vice Chairman and CEO of Al Mal Capital, commented: “This acquisition represents a defining milestone in AMCREIT’s growth journey. By entering the healthcare sector, we are broadening the REIT’s investment mandate to include essential infrastructure assets that deliver resilient, long-term returns. AMCREIT is now uniquely positioned to leverage growth opportunities in high-demand sectors that are critical to the UAE’s long-term economic development.
“Partnering with a leading operator like NMC Healthcare ensures a high-quality, income-generating asset with strong operational credentials. It aligns with our strategic vision to enhance portfolio diversification, strengthen cash flow predictability, and deliver sustained value to our unitholders.”
With healthcare rapidly growing as a resilient sector in the UAE, driven by demographic growth and increasing demand for private healthcare services, the acquisition demonstrates a forward-looking strategy to strengthen AMCREIT’s position in specialised, high-demand real estate sectors.
With strategic oversight from Al Mal Capital and backing from Dubai Investments, the REIT continues to pursue disciplined investment management, targeting high-quality assets that generate resilient income streams and long-term value.
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