A residential tower with 201 residential and 5 retail units in Dubai Silicon Oasis, constructed by developers with an established track record.
Market Value
USD 19m
Occupancy Rate
98%
Gross Rental Yield
10.8%
% of Portfolio Value
6%
Leasable Area
178,907sqft
No. of units
206
Type
Residential
Purchase Date
May 2016
Construction Completion Date
Jul 2016
Weighted Average
Unexpired Lease Term
0.79
Location
DUBAI SILICON OASIS
As at 31st December 2022.
Asset management highlights
- Occupancy increased to 90% and swimming pool area retiling and sitout area improvements quotations approved. Work expected to start mid January.
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
Binghatti Terraces
Gross Yield 10.8%
Occupancy rate 98%
% of portfolio value 6%
Type Residential
Location DUBAI SILICON OASIS
As at 31st December 2022.
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
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.
Souq Extra Retail Centre
Gross Yield 9.5%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAI SILICON OASIS
As at 31st December 2022.
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