Hospital Operator Saves Millions After Land Purchase

Burjeel Holdings has acquired the land on which its Medeor 24x7 Hospital operates near Burjuman Centre in Dubai for Dh170 million. This strategic move aims to bolster Burjeel's long-term strategy by reducing fixed lease liabilities and strengthening its asset base in a prime location. The hospital has been serving the community for over a decade.

Previously, Burjeel had a remaining fixed rental commitment of approximately Dh343 million over the next 15 years. This acquisition eliminates that significant financial obligation and replaces it with asset ownership. Securing full control of the hospital ensures uninterrupted operations, protects brand equity, and avoids potential relocation costs. The existing infrastructure also allows for future upgrades, such as day surgeries or specialty clinics.

The purchase is also a sound commercial decision, considering the rising land values in established areas of Dubai. The Medeor hospital is situated in a high-density commercial and residential area, making it a valuable asset for Burjeel.