Portfolio
Souq Extra
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:
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.
Gross Yield 6.9%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 31st December 2022.
Gross Yield 6.4%
Occupancy rate 51%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
As at 31st December 2022.
Gross Yield 7.5%
Occupancy rate 83%
% of portfolio value 17%
Type Office
Location DIFC
As at 31st December 2022.
Gross Yield 9.9%
Occupancy rate 99%
% of portfolio value 6%
Type Residential
Location BARSHA HEIGHTS
As at 31st December 2022.
Gross Yield 10.8%
Occupancy rate 98%
% of portfolio value 6%
Type Residential
Location DUBAI SILICON OASIS
As at 31st December 2022.
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.
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.
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.
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:
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% | 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
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.
*Source: Emirates NBD AM, A Share Class, bid to bid, USD terms with net income reinvested including capital distribution
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.
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
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