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 77m
Occupancy Rate
100%
Gross Rental Yield
7.7%
% 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
2.96
Location
DUBAI INTERNET CITY
As at 30th September 2018.
Property highlights
- Facilities Management contracts renegotiated and transferred to the landlord, with the Property Management Services License issued by Dubai Creative Clusters Authority
- Installation of new security booth completed in April 2018
- Measures taken to improve look and feel of building
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 7.7%
Occupancy rate 100%
% of portfolio value 17%
Type Office
Location DUBAI INTERNET CITY
As at 30th September 2018.
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.
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