Gulf investors are now showing more interest in the untapped healthcare realty sector and are ready to pump in investment. With oil prices going down every day, investors are giving preference to healthcare assets which are expected to offer a better ROI.
As UAE is striving to be a major destination for health tourism, investors are increasing their interest on lands in order to develop healthcare assets. Increasing life expectancy, inflow of more expat population, improving per capita income and more instances of life-style related disorders are providing stimulus to the growth of healthcare realty. Real estate of a hospital forms 40% of its balance sheet. It is the third largest cost in the income statement.
Big developers are coming out with lots of solutions to help create more lands available for various healthcare projects. There are various Medical clusters including DHCC (Dubai Health Care City), the under-development Dilmunia and Mubadala Healthcare’s venture with the Cleveland Clinic in Abu Dhabi.
Multi-specialty is an important trend. These multi – speciality centres work as a single destination for multiple types of medical care. Multi- speciality locations will include medical, office and lifestyle solutions and will be more appropriate for customers. Many projects and brands of all sizes are eyeing to enter the Middle East healthcare realty market.
Investors should be very careful while choosing the right land for healthcare projects. In case you are not sure which land or plot is suitable for your budget and expectations, the experts at Riveria Global can help you with various options as per your budget requirements.