A G+6-storey office tower, located in a prime location in Dubai Internet City with prominent frontage and Grade A tenants.
Market Value
USD 76m
Occupancy Rate
100%
Gross Rental Yield
7.8%
% of Portfolio Value
17%
Leasable Area
92,208sqft
No. of units
15
Type
Office
Purchase Date
Oct 2017
Construction Completion Date
Apr 2016
Weighted Average
Unexpired Lease Term
2.71
Location
DUBAI INTERNET CITY
As at 31st December 2018.
Property highlights
- Landscaping around the Building upgraded to improve appearance
- Additional Security Cameras installed to meet SIRA requirements
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
The Edge
Gross Yield 7.8%
Occupancy rate 100%
% of portfolio value 17%
Type Office
Location DUBAI INTERNET CITY
As at 31st December 2018.
South View School
Gross Yield 6.4%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 31st December 2018.
Uninest
Gross Yield 7.9%
Occupancy rate 100%
% of portfolio value 7%
Type Alternative
Location DUBAILAND
As at 31st December 2018.
Al Thuraya Tower 1
Gross Yield 9.5%
Occupancy rate 81%
% of portfolio value 20%
Type Office
Location DUBAI MEDIA CITY
As at 31st December 2018.
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