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
7.2%
% of Portfolio Value
18%
Leasable Area
92,208sqft
No. of units
15
Type
Office
Purchase Date
Oct 2017
Construction Completion Date
Apr 2016
Weighted Average
Unexpired Lease Term
1.96
Location
DUBAI INTERNET CITY
As at 30th June 2019.
Asset management highlights
- Occupancy stable at 100%
- New security booth at the parking entrance was installed for security guards to match the building’s architectural design
- Emergency evacuation plan signage (3D format) installed on all floors
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 7.2%
Occupancy rate 100%
% of portfolio value 18%
Type Office
Location DUBAI INTERNET CITY
As at 30th June 2019.
South View School
Gross Yield 6.4%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 30th June 2019.
Uninest
Gross Yield 7.8%
Occupancy rate 100%
% of portfolio value 7%
Type Alternative
Location DUBAILAND
As at 30th June 2019.
Al Thuraya Tower 1
Gross Yield 6.6%
Occupancy rate 51%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
As at 30th June 2019.
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