ENBD REIT's holdings are diversified across sectors, spanning office, residential and alternative asset classes.
Gross Yield 9.5%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAI SILICON OASIS
As at 31st December 2022.
Gross Yield 8.4%
Occupancy rate 99%
% of portfolio value 19%
Type Office
Location DUBAI INTERNET CITY
As at 31st December 2022.
Gross Yield 7.3%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAILAND
As at 31st December 2022.
In Nasdaq Dubai's recent series of films looking at the REIT asset class, Anthony Taylor - Head of Real Estate at Emirates NBD Asset Management - discusses where a REIT sits on the investment spectrum, and the opportunities they present to investors.
ENBD REIT's principal investment objective is to generate income returns, complimented by capital appreciation from real estate assets. Before re-domiciling to the DIFC, Emirates Real Estate Fund, the predecessor to ENBD REIT, had since inception in 2005 provided investors with a regular and stable source of income by way of annual dividends (with limited exceptions) and long-term capital appreciation in net asset value per share.
* Loan-to-value on GAV
** NAV stated cum-dividend
As at 31st December 2022
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