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.
Market Value
USD 60m
Occupancy Rate
80%
Gross Rental Yield
7.1%
% of Portfolio Value
17%
Leasable Area
83,576sqft
No. of units
19
Type
Office
Purchase Date
Jun 2015
Construction Completion Date
Nov 2012
Weighted Average
Unexpired Lease Term
3.01
Location
DIFC
As at 30th September 2022.
Asset management highlights
- Improvement of Lobby areas.
- Installation of Hand sanitiziers in the common areas
- Occupancy stable at 77%
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
Burj Daman
Gross Yield 7.1%
Occupancy rate 80%
% of portfolio value 17%
Type Office
Location DIFC
As at 30th September 2022.
Arabian Oryx House
Gross Yield 9.8%
Occupancy rate 100%
% of portfolio value 6%
Type Residential
Location BARSHA HEIGHTS
As at 30th September 2022.
Binghatti Terraces
Gross Yield 10.9%
Occupancy rate 98%
% of portfolio value 6%
Type Residential
Location DUBAI SILICON OASIS
As at 30th September 2022.
DHCC 49
G+5 storey office complex located in Dubai Healthcare City free zone.
Gross Yield 8.8%
Occupancy rate 82%
% of portfolio value 7%
Type Office
Location DUBAI HEALTHCARE CITY
As at 30th September 2022.
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