- Business
- Al Mal Capital REIT, managed by Al Mal Capital PSC and headquartered in Dubai, United Arab Emirates, operates as a closed-ended real estate investment trust listed on the Dubai Financial Market. It specializes in investing in a diversified portfolio of income-generating real estate assets primarily across the UAE and GCC region. The REIT’s core investment sectors include healthcare, education, and industrial real estate assets, acquiring properties with long-term lease agreements to ensure stable and predictable income streams. Its portfolio comprises assets such as educational institutions—including K-12 schools like Kent College Dubai—and industrial properties, with a strategic focus on high credit tenant agreements targeting a net dividend yield above 7% annually.
Recent major developments include the acquisition of NMC Royal Hospital’s real estate assets in Dubai Investments Park, marking the REIT’s strategic entry into the healthcare sector and expanding its portfolio beyond education and industrial sectors. This 492,000 square-foot hospital facility operates under a long-term lease with approximately 17 years remaining, featuring comprehensive healthcare services with inpatient, outpatient, pharmacy, and emergency units. The acquisition has increased the REIT’s total portfolio value to approximately AED 1.4 billion. Additionally, Al Mal Capital REIT executed a significant follow-on public offering in mid-2025, aiming to raise up to AED 242 million through the issuance of new units to retail and institutional investors across the UAE and GCC regions, to further enhance portfolio growth and diversification.
Founded in 2021 as a subsidiary of Dubai Investments, Al Mal Capital REIT maintains an optimal capital structure enabling acquisitions onshore within the UAE and potentially offshore assets internationally. The REIT’s long-term strategy focuses on acquiring high-performing, resilient assets in sectors with growth potential and stable lease contracts with strong counterparties, providing investors access to real estate asset classes with robust fundamentals. Through its diversified real estate portfolio and ongoing capital market activities, Al Mal Capital REIT positions itself as a leading regional REIT in operational strength and portfolio quality.