Dubai-based real estate investment trust ENBD REIT has set aside $65 million for purchases this year.

ENBD Reit will extend its remit to outside Dubai, focusing on Abu Dhabi and the northern emirates.

The company will also target purchases in the industrial and healthcare space because of the structure in the sectors.

The company said that it is seeking to invest in industrial assets such as distribution warehouses and logistics and in medical and health care.