Two residential towers offering 105 units in mainly 1&2 bedroom apartments.
Market Value
USD 12m
Occupancy Rate
98%
Gross Rental Yield
10.6%
% of Portfolio Value
3%
Leasable Area
112,154sqft
No. of units
105
Type
Residential
Purchase Date
Sep 2015
Construction Completion Date
Jun 2013
Weighted Average
Unexpired Lease Term
0.52
Location
DUBAILAND
As at 31st December 2022.
Asset management highlights
- Refurbishment of units continues.
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
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.
The Edge
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
Gross Yield 7.3%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAILAND
As at 31st December 2022.
Uninest
Gross Yield 6.9%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 31st December 2022.
Find this interesting?
Share it with your network using the below social media channels
Disclaimer
Copyright © 2023 Emirates NBD Bank PJSC. All Rights Reserved