Al-Nabulsi, CEO and Vice Chairman of Al-Mal Capital, recently announced the company’s plans to expand its real estate investments through its fund “Al-Mal Capital REIT.” The focus will be on acquiring new schools and hospitals in the education and health sectors. This comes after a successful acquisition of real estate assets from a British school in Dubai worth 410 million dirhams. With these new acquisitions, the company’s portfolio assets will include six schools and a hospital valued at over one billion dirhams.
Al-Nabulsi emphasized that the company does not plan to venture into other investment areas outside of the education and health sectors, citing their sustainable growth and low risk margin. The real estate fund has shown stable growth over the years, with an annual growth rate of 10% and a guaranteed return of 7% to shareholders and investors. Al-Nabulsi also noted recent successes in local financial markets, particularly with public offerings for companies, highlighting strong demand seen in UAE’s investment environment across various sectors.
Regarding the trend of implementing a corporate profits tax, Al-Nabulsi sees it as a positive step for developing countries like Dubai. He believes it will gradually be adapted over time as it helps attract more foreign investments while ensuring economic sustainability. He expressed confidence in Dubai’s continuous growth despite declining inflation rates, attributing it to the UAE government’s successful handling of the pandemic. This has instilled confidence in various fields and positions Dubai for further growth in the coming years.
