Burjeel Holdings, a leading UAE-based hospital operator, has purchased the land on which its Medeor 24x7 Hospital operates near BurJuman Centre in Bur Dubai for Dh170 million.
The deal ends a long-term lease agreement, saving the company Dh343 million in rental costs over the next 15 years.
Burjeel, listed on the Abu Dhabi Securities Exchange (ADX), said the move aligns with its strategy to reduce fixed liabilities and strengthen ownership of key assets.
“This strategic transaction eliminates that significant liability and replaces it with asset ownership,” the company said in a statement.
The hospital has served the area for over a decade. Owning the land secures operations and opens opportunities for facility upgrades, including specialty clinics or day surgeries.
The decision also positions Burjeel to benefit from rising land values in central Dubai.
