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 21m
Occupancy Rate
100%
Gross Rental Yield
9.0%
% 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
34.86
Location
DUBAILAND
As at 30th September 2018.
Property highlights
- Construction is on track with the school scheduled to open its doors to pupils in September 2018
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 9.0%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 30th September 2018.
Uninest
Gross Yield 7.8%
Occupancy rate 100%
% of portfolio value 8%
Type Alternative
Location DUBAILAND
As at 30th September 2018.
Al Thuraya Tower 1
Gross Yield 9.2%
Occupancy rate 84%
% of portfolio value 20%
Type Office
Location DUBAI MEDIA CITY
As at 30th September 2018.
Burj Daman
Gross Yield 6.1%
Occupancy rate 74%
% of portfolio value 15%
Type Office
Location DIFC
As at 30th September 2018.
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