Mid-market British curriculum school located in Dubailand within Remraam, a prominent middle-income community at the Hessa Street / Emirates Road (E611) intersection.
Market Value
USD 22m
Occupancy Rate
100%
Gross Rental Yield
6.4%
% of Portfolio Value
5%
Leasable Area
132,000sqft
No. of units
1
Type
Alternative
Purchase Date
Aug 2017
Construction Completion Date
Aug 2018
Weighted Average
Unexpired Lease Term
33.61
Location
DUBAILAND
As at 31st December 2019.
Asset management highlights
- School fully operational and functioning well.
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
South View School
Gross Yield 6.4%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 31st December 2019.
Uninest
Gross Yield 7.8%
Occupancy rate 100%
% of portfolio value 8%
Type Alternative
Location DUBAILAND
As at 31st December 2019.
Al Thuraya Tower 1
Gross Yield 7.0%
Occupancy rate 53%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
As at 31st December 2019.
Burj Daman
Gross Yield 7.3%
Occupancy rate 77%
% of portfolio value 15%
Type Office
Location DIFC
As at 31st December 2019.
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