Al Mal Capital REIT
Al Mal Capital REIT is a closed ended real estate investment trust (REIT) that invests in a diversified portfolio of income generating real estate assets in the UAE and GCC, based on secure long-term lease agreements with a strong credit profile. The Fund will offer UAE and GCC investors access to an asset class with long-term fundamentals, through a strategy focused on investing in strong-performing UAE sectors, including healthcare, education and industrial assets, with a target return of 7% from year one
Al Mal Capital REIT is a closed ended real estate investment trust (REIT) that invests in a diversified portfolio of income generating real estate assets in the UAE and GCC, based on secure long-term lease agreements with a strong credit profile.
The Fund will offer UAE and GCC investors access to an asset class with long-term fundamentals, through a strategy focused on investing in strong-performing UAE sectors, including healthcare, education and industrial assets, with a target return of 7% from year one
The REIT has a target fund size of AED 500 million managed by Al Mal Capital PSC with the following objectives:
- The first REIT listed on the Dubai Financial Market (“DFM”)
- Acquire a diversified portfolio of real estate properties based on secure long-term lease agreements
- Target a net dividend yield above 7% (through strong credit counter-parties)
- Maintain an optimal capital structure at all times
- Have the capability of acquiring onshore as well as offshore assets in UAE, and having the flexibility of acquiring international assets