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
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
34.36
Location
DUBAILAND
As at 31st March 2019.
Asset management highlights
- Construction completed in September 2018
- Successfully opened to pupils and commenced operations for the start of the 2018/2019 academic year
- School operated by Interstar Education team with a proven track record in UAE education
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 March 2019.
Uninest
Gross Yield 7.8%
Occupancy rate 100%
% of portfolio value 7%
Type Alternative
Location DUBAILAND
As at 31st March 2019.
Al Thuraya Tower 1
Gross Yield 9.2%
Occupancy rate 78%
% of portfolio value 20%
Type Office
Location DUBAI MEDIA CITY
As at 31st March 2019.
Burj Daman
Gross Yield 6.3%
Occupancy rate 74%
% of portfolio value 15%
Type Office
Location DIFC
As at 31st March 2019.
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