Dubai, United Arab Emirates, 05th September 2018: ENBD REIT (CEIC) Limited ("ENBD REIT"),the Shari'a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced that its recently completed South View School, in Dubai's Remraam Community, has commenced operations, with pre-enrolled students having joined their classes since Sunday 2nd September.
The school will teach children up to Year 7 (11-12 years) and has already employed 30 British-qualified teaching staff. South View School is operated by Interstar Education, part of Interstar Advisory Services, which currently runs the successful and well-established Victory Heights Primary School in Dubai Sports City. The school is Interstar Education's fifth Dubai campus and its second British curriculum school.
Anthony Taylor, Head of Real Estate at Emirates NBD Asset Management, commented:
"We are proud to announce the on-time completion of South View School, and the opening of its doors to students on 2nd September 2018. This is our first education asset, as well as our first development asset, and a great deal of hard work was put into its successful opening by both the ENBD REIT and Interstar Education teams. From a Real Estate investment perspective, we have identified the considerable opportunity that exists in Dubai's education sector with the right strategic partner and look forward to similarly successful projects in the future. We wish the students of South View School the best of luck in their academic and extracurricular endeavours."
With a total gross floor area of 132,000 sq. ft. on a plot covering 183,504 sq. ft., South View School has the capacity to accommodate nearly 1,800 children at full capacity and starts from the FS1 level. Since its establishment in 2000, Interstar Education has provided schooling to 15,000 children across five campuses in the UAE and India. The Group runs two Delhi Private Schools in the UAE, and first entered the British curriculum with Wonder Years Nursery in Dubai Sports City. It has since established Victory Heights Primary School, which has enjoyed considerable success.
Amit Kothari, Executive Director of Interstar Education, commented:
"It has been a pleasure to work with ENBD REIT and our development partners on delivering this exciting new addition to Dubai's education community. South View School will have a direct and positive impact on the local Remraam Community, offering families the opportunity to take advantage of a first-class British curriculum institution. As a business, Interstar Education has been expanding at a healthy pace and we are looking forward to South View School's first successful year of operation."