The Fund 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 Fund has a target fund size of AED 500 million managed by the company 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.
The Fund Has A Clear and Defined Investment Strategy is to Deliver Consistent Income and Create Long Term Value; Acquire Income generating real estate in high growth sectors such as education, healthcare and industrials, Target high occupancy and single let assets, Target tenants with strong credit profile, Enter long term lease arrangements with tenants, Secure income stream through solid structuring and guarantee mechanisms, Triple net lease arrangements to minimize operational risks.
The Company wa estalbished in November 8, 2020.
The Company was listed on Dubai Financial Stock in January 18, 2021.
Headquarters
48 Burj Gate, Downtown Dubai, Sheikh Zayed Road, Office 901, P.O Box 119930
Dubai; Northern Emirates;
Contact Details: Purchase the Al Mal Capital Reit ( Closed Ended Reit ) report to view the information.
Website: http://www.almalcapitalreit.com
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