Emirates NBD
  • عربى
       
  • Home
  • Portfolio
  • Investor Relations
  • Media
  • About Us
  • عربى
ENBD REIT MENU
  • Home
  • Portfolio
  • Investor Relations
  • Media
  • About Us
  • Contact Us
  • عربي
  • Real Estate Portfolio - ENBD REIT

    Portfolio

    A diversified portfolio of office, residential and alternative assets

    View Assets
  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust

    Souq Extra

    A well situated community retail centre in Dubai Silicon Oasis

    View Assets
  • Real Estate Portfolio - ENBD REIT

    Portfolio

    A well situated community retail centre in Dubai Silicon Oasis

    View Assets

  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust

    Souq Extra

    A diversified portfolio of office, residential and alternative assets

    View Assets

  • Overview
  • Assets
  • Vision & Strategy
  • Performance
  • Results and Reports
Contact Us
  • Overview
  • Assets
  • Vision & Strategy
  • Performance
  • Results and Reports

ENBD REIT invests in a wide range of properties, with a primary focus on the UAE, with the aim of providing consistent income generation to shareholders. Prior to listing on Nasdaq Dubai, 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.

Assets

ENBD REIT's current portfolio consists of eleven properties, located in Dubai in the office, residential and alternative sectors
The portfolio includes the following properties:

 
 
Souq Extra Retail Centre, Dubai Real Estate Investment Trust

Souq Extra Retail Centre

Phase 1 is a well situated community retail centre in Dubai Silicon Oasis, with 42 retail tenants including Carrefour Market, KFC, McDonalds and Starbucks.

Gross Yield 9.5%

Occupancy rate 100%

% of portfolio value 6%

Type Alternative

Location DUBAI SILICON OASIS

As at 31st December 2022.

The Edge, REIT Dubai

The Edge

A G+6-storey office tower, located in a prime location in Dubai Internet City with prominent frontage and Grade A tenants.

Gross Yield 8.4%

Occupancy rate 99%

% of portfolio value 19%

Type Office

Location DUBAI INTERNET CITY

As at 31st December 2022.

South View School, REIT UAE

South View School

Mid-market British curriculum school located in Dubailand within Remraam, a prominent middle-income community at the Hessa Street / Emirates Road (E611) intersection.

Gross Yield 7.3%

Occupancy rate 100%

% of portfolio value 6%

Type Alternative

Location DUBAILAND

As at 31st December 2022.

Uninest, Real estate investment Dubai

Uninest

A purpose built 424 bed student accommodation building conveniently located in the heart of Dubailand.

Gross Yield 6.9%

Occupancy rate 100%

% of portfolio value 5%

Type Alternative

Location DUBAILAND

As at 31st December 2022.

Al Thuraya Tower 1, Property investment Dubai

Al Thuraya Tower 1

A G+29-storey high rise office tower, located at a prime location in Dubai Media City with views over Barsha Heights and Palm Jumeirah.

Gross Yield 6.4%

Occupancy rate 51%

% of portfolio value 19%

Type Office

Location DUBAI MEDIA CITY

As at 31st December 2022.

Burj Daman, High yielding assets Dubai

Burj Daman

ENBD REIT's interest consists of two and a half floors (the REIT fully owns the 10th and 14th floors and half of the 15th floor) in the office portion of the tower in the DIFC.

Gross Yield 7.5%

Occupancy rate 83%

% of portfolio value 17%

Type Office

Location DIFC

As at 31st December 2022.

Arabian Oryx House, Highest dividend paying stocks

Arabian Oryx House

A residential tower with 128 units in the free zone Barsha Heights, Dubai. Mainly comprises units of one, two and four-bed apartments

Gross Yield 9.9%

Occupancy rate 99%

% of portfolio value 6%

Type Residential

Location BARSHA HEIGHTS

As at 31st December 2022.

Binghatti Terraces, High yield investment trusts

Binghatti Terraces

A residential tower with 201 residential and 5 retail units in Dubai Silicon Oasis, constructed by developers with an established track record.

Gross Yield 10.8%

Occupancy rate 98%

% of portfolio value 6%

Type Residential

Location DUBAI SILICON OASIS

As at 31st December 2022.

DHCC 49, Real estate investment company UAE

DHCC 49

G+5 storey office complex located in Dubai Healthcare City free zone.

Gross Yield 8.7%

Occupancy rate 81%

% of portfolio value 7%

Type Office

Location DUBAI HEALTHCARE CITY

As at 31st December 2022.

DHCC 25, Property investment company UAE

DHCC 25

G+6 storey commercial tower located in the Dubai Healthcare City free zone.

Gross Yield 9.4%

Occupancy rate 77%

% of portfolio value 5%

Type Office

Location DUBAI HEALTHCARE CITY

As at 31st December 2022.

Remraam Residential, Real estate investment trust

Remraam Residential

Two residential towers offering 105 units in mainly 1&2 bedroom apartments.

Gross Yield 10.6%

Occupancy rate 98%

% of portfolio value 3%

Type Residential

Location DUBAILAND

As at 31st December 2022.

 


Vision & Strategy

ENBD REIT's principal investment objective is to generate income returns, complimented by capital appreciation from real estate assets. The REIT aims to regularly distribute a dividend with a target of achieving a total return of approximately 5% per annum. In addition, the Fund Manager focuses on enhancing the value of ENBD REIT's assets.

The REIT's investment strategy is designed to take advantage of current and projected market conditions within the UAE. The Fund Manager believes that steady economic growth in the UAE will set the stage for continued improvement in the country's real estate market.

ENBD REIT plans to achieve its objectives through the following strategies:

  • Actively managing the existing portfolio
  • Focusing on freehold or long-term leasehold titles
  • Aiming to lengthen tenant lease terms
  • Targeting off-market, relationship-driven transactions

 

Performance Highlights

Date Property
portfolio value
NAV NAV per share Dividend per
share
Dividend % on
NAV*
Dividend % on
Share Price
Share
Price
31st Dec 2022 USD 365m USD 173m* USD 0.69* - - - USD 0.39
30th Sep 2022 USD 363m USD 172m* USD 0.69* USD 0.0180 2.61% 4.38% USD 0.41
30th Jun 2022 USD 357m USD 166m* USD 0.66* - - - USD 0.43
31st Mar 2022 USD 356m USD 167m* USD 0.67* USD 0.0200 2.99% 4.65% USD 0.43
31st Dec 2021 USD 357m USD 168m* USD 0.67* - - - USD 0.46
30th Sep 2021 USD 346m USD 164m* USD 0.66* USD 0.0180 2.74% 4.09% USD 0.44
30th Jun 2021 USD 351m USD 174m* USD 0.70* - - - USD 0.44
31st Mar 2021 USD 360m USD 180m* USD 0.72* USD 0.0176 2.44% 4.10% USD 0.43
31st Dec 2020 USD 366m USD 184m* USD 0.74* - - - USD 0.43
30th Sep 2020 USD 377m USD 198m* USD 0.79* USD 0.0194 2.44% 6.26% USD 0.31
30th Jun 2020 USD 393m USD 215m* USD 0.86* - - - USD 0.34
31st Mar 2020 USD 410m USD 230m* USD 0.92* USD 0.0204 2.22% 5.73% USD 0.36
31st Dec 2019 USD 429m USD 246m* USD 0.98* - - - USD 0.48
30th Sep 2019 USD 435m USD 254m* USD 1.02* USD 0.0196 1.93% 3.64% USD 0.54
30th Jun 2019 USD 437m USD 255m* USD 1.02* - - - USD 0.52
31st Mar 2019 USD 450m USD 270m USD 1.08 USD 0.0215** 2.00% 3.81% USD 0.57
31st Dec 2018 USD 456m USD 284m USD 1.11 - - - USD 0.64
30th Sep 2018 USD 459m USD 285m USD 1.12 USD 0.0270 2.41% 3.60% USD 0.75
30th Jun 2018 USD 463m USD 289m# USD 1.14# - - - USD 0.81
31st Mar 2018 USD 463m USD 300m* USD 1.18 USD 0.0129 1.09% 1.30% USD 0.99
31st Dec 2017 USD 460m USD 300m USD 1.18 - - - USD 0.99
30th Sep 2017 USD 353m USD 295m~ USD 1.16~ - - - USD 1.00
30th Jun 2017 USD 352m USD 302m* USD 1.18 USD 0.0382 3.24% 3.86% USD 1.08
31st Mar 2017 USD 315m USD 297m USD 1.17 - - - USD 1.17

* NAV stated cum-dividend
~ Dividend payment made in this period
# Dividend payment and return of capital made in this period (totaling USD 12,007,743 or USD 0.0472 per share)
** ** Final dividend for FYE 31st March 2019, approved by shareholders on 24th June 2019 and subsequently paid on 15th July 2019

 

Results and Reports

Quarterly Updates

Quarterly Investor Presentations

  • 31st December 2022
  • 30th September 2022
  • 30th June 2022
  • 31st March 2022
  • 31st December 2022
  • 30th September 2021
  • 30th June 2021
  • 31st March 2021
  • 31st December 2020
  • 30th September 2020
  • 30th June 2020
  • 31st March 2020
  • 31st December 2019
  • 30th September 2019
  • 30th June 2019
  • 31st March 2019
  • 31st December 2018
  • 30th September 2018
  • 30th June 2018
  • 31st March 2018
  • 31st December 2017
  • 30th September 2017
  • 30th June 2017

Quarterly Financial Information Pack

  • 31st December 2022
  • 30th September 2022
  • 30th June 2022
  • 31st March 2022
  • 31st December 2021
  • 30th September 2021
  • 30th June 2021
  • 31st March 2021
  • 31st December 2020
  • 30th September 2020
  • 30th June 2020
  • 31st March 2020
  • 31st December 2019
  • 30th September 2019
  • 30th June 2019
  • 31st March 2019

Quarterly Investor Calls

8th December 2022

  • Presentation
  • Transcript

15th June 2022

  • Presentation
  • Transcript

24th February 2022

  • Presentation
  • Transcript

15th June 2021

  • Presentation
  • Transcript

9th February 2021

  • Presentation
  • Transcript

8th December 2020

  • Presentation
  • Transcript

3rd September 2020

  • Presentation
  • Transcript

31st December 2019

  • Presentation
  • Transcript

30th September 2019

  • Dial in details
  • Presentation
  • Transcript

31st March 2019

  • Dial in details
  • Presentation
  • Transcript

31st December 2018

  • Dial in details
  • Presentation
  • Transcript

30th September 2018

  • Dial in details
  • Presentation

30th June 2018

  • Presentation

31st March 2018

  • Invitation
  • Presentation

31st December 2017

  • Transcripts
  • Presentation

30th September 2017

  • Transcripts

30th June 2017

  • Transcripts
  • Audio

Factsheet

  • December 2022
  • September 2022
  • June 2022
  • March 2022
  • December 2021
  • September 2021
  • June 2021
  • March 2021
  • December 2020
  • September 2020
  • June 2020
  • March 2020
  • December 2019
  • September 2019
  • June 2019
  • March 2019
  • December 2018
  • September 2018

Financial Information

Annual Reports

  • 31st March 2022
  • 31st March 2021
  • 31st March 2020
  • 31st March 2019
  • 31st March 2018
  • 31st March 2017

Financial Statements

  • 31st March 2022
  • 31st March 2021
  • 31st March 2020
  • 31st March 2019
  • 31st March 2018
  • 31st March 2017

Interim Financial Statements

30th September 2022

  • Financial Statements
  • Interim Reports

30th September 2021

  • Financial Statements
  • Interim Reports

30th September 2020

  • Financial Statements
  • Interim Reports

30th September 2019

  • Financial Statements
  • Interim Reports

30th September 2018

  • Financial Statements
  • Interim Reports

30th September 2017

  • Interim Reports

Annual General Meeting (AGM)

Annual General Meetings (AGM)

  • 21st June 2022
    • Invitation
    • Notice
    • Financial Statements
    • Results
  • 29th June 2021
    • Invitation
    • Notice
    • Financial Statements
    • Results
  • 01st July 2020
    • Invitation
    • Notice
    • Financial Statements
    • Articles of Association July 2020
    • Redline - Articles of Association July 2020
    • Results
  • 24th June 2019
    • Invitation
    • Notice
    • Financial Statements
    • Presentation
    • Articles of Association May 2019
    • Redline - Articles of Association May 2019
    • Results
  • 03rd June 2018
    • Invitation
    • Notice
    • Financial Statements
    • Presentation
    • Results
  • 26th September 2017
    • Results
  • 27th November 2018
    • Notice
    • Presentation
    • Results

Historic Performance

Before listing on Nasdaq Dubai in 2017, ENBD REIT's predecessor, Emirates Real Estate Fund, delivered cumulative returns and consistently distributed dividends throughout market fluctuations, as shown below.

Performance History - EREF

Fund Performance History - ENBD REIT

*Source: Emirates NBD AM, A Share Class, bid to bid, USD terms with net income reinvested including capital distribution

Fund performance*

12 month return 4.80%
24 month return 13.06%
36 month return 29.65%
48 month return 44.59%
60 month return 57.46%
Since Inception 32.11%

*Source: Emirates NBD AM, Emirates Real Estate Fund A Share Class, bid to bid, USD terms with net income reinvested including capital distribution, as at 30th September 2016.

Click here for Performance

Click here to see annualized dividends

 
Close  
 

Annualised dividend paid

Year Value
Dec 05 6.55
Jun 06 6.53
Dec 06 6.27
Jun 07 6.51
Dec 07 6.20
Jun 08 6.25
Dec 08 5.39
Jun 09 6.07
Dec 09 6.68
Jun 10 7.41
Dec 10 5.46
Feb 11 1.511
Year Value
Dec 11 6.57
Jun 12 5.29
Dec 12 5.65
Jun 13 5.75
Dec 13 5.50
Jun 14 5.50
Dec 14 5.75
Jun 15 5.75
Dec 15 5.75
Jun 16 5.75
Dec 16 5.85

1 Further capital distribution paid during this quarter

 

Prospectus

Latest Announcements

 
 

 

 

Get in touch
Submit your enquiry here

 

Click here to Contact Us

 

Find this interesting?

Share it with your network using the below social media channels

Share on Facebook
Share on Linkedin
Share on Twitter
Share on WhatsApp
  • Share on Facebook
  • Share on Linkedin
  • Share on Twitter
  • About Us
  • Portfolio
  • Investor Relations
  • Media
  • Contact Us
  • عربي
  • About Us
  • Values
  • Facts & Figures
  • Governance
  • Management
  • Emirates NBD
    Asset Management
  • Portfolio
  • Vision & Strategy
  • Assets
  • Downloads & Publications
  • Investor Relations
  • Fund Performance
  • Downloads & Publications
  • Media
  • Press Releases
  • Downloads & Publications
  • FAQs
  • Contact Us

Emirates NBD Asset Management


Disclaimer
Copyright © 2023 Emirates NBD Bank PJSC. All Rights Reserved