Phase 1 is a well situated community retail centre in Dubai Silicon Oasis, with 42 retail tenants including Carrefour Market, KFC, McDonalds and Starbucks.
Market Value
USD 23m~
Occupancy Rate
97%
Gross Rental Yield
10.0%
% of Portfolio Value
6%
Leasable Area
36,027sqft
No. of units
25
Type
Alternative
Purchase Date
Dec 2017
Construction Completion Date
Mar 2016
Weighted Average
Unexpired Lease Term
2.24
Location
DUBAI SILICON OASIS
As at 31st March 2022.
~Further commitment of USD 35m for Phase 2
Asset management highlights
- Occupancy stable. 4500 sq ft of renewals completed this quarter.
- Shuttle bus service connecting three of the REIT's Assets i.e. BGT, SE and Uninest/li>
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
The Edge
Gross Yield 8.1%
Occupancy rate 99%
% of portfolio value 20%
Type Office
Location DUBAI INTERNET CITY
As at 31st March 2022.
South View School
Gross Yield 6.7%
Occupancy rate 100%
% of portfolio value 6%
Type Alternative
Location DUBAILAND
As at 31st March 2022.
Uninest
Gross Yield 7.1%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 31st March 2022.
Al Thuraya Tower 1
Gross Yield 5.1%
Occupancy rate 35%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
As at 31st March 2022.
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