Dubai’s Amanat Sells School Property for $123M to Focus on Main Business Areas
Amanat Holdings, a Dubai-based company that invests in healthcare and education, has agreed to sell the land and buildings of North London Collegiate School (NLCS) for $123.3 million (AED 453 million) to an unnamed buyer. The deal is expected to be completed in the third quarter of 2025.
The sale is part of Amanat’s plan to focus on its main business areas—education and healthcare—and to give more value to its shareholders. The school will continue operating as usual, but the money from the sale will be used to invest in other education and healthcare projects.
Dubai’s fast-growing population and higher demand for schools helped Amanat’s revenue rise 13% in the first quarter of the year, with its education business growing by 23%. The company expects this sale to bring financial benefits, improve cash flow, and support the UAE’s move toward knowledge-based industries.
The 38,217-square-metre property was first put up for sale in May, with an asking price between $122.5 million and $536.1 million (AED 450–500 million). The deal follows other big property sales in Dubai, such as Emaar’s $789.5 million land purchase from Amlak.
Amanat’s decision reflects a wider trend in the UAE, where companies are moving away from traditional real estate and investing more in education technology, healthcare facilities, and infrastructure. The goal is to improve efficiency, increase liquidity, and support the country’s shift toward a more innovative, knowledge-driven economy.
Amanat is the only GCC investment company focused entirely on healthcare and education. Its healthcare investments include the International Medical Center, Cambridge Medical and Rehabilitation Center, Sukoon, and Al Malaki Specialist Hospital. In education, it owns stakes in Abu Dhabi University Holding Company, NEMA Holding, and Middlesex University Dubai, and a small share in US-based education tech firm BEGiN.
Published: 12th August 2025
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