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  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust
  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust
  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust
  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust

    Leasing Enquiry

  • Souq Extra Retail Centre, Dubai Real Estate Investment Trust

    Leasing Enquiry

Portfolio > Assets

Souq Extra Retail Centre (DUBAI SILICON OASIS)

Leasing enquiry

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 22m~

 

Occupancy Rate
100%

 

Gross Rental Yield
9.5%

 

% 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

2.48

 

Location
DUBAI SILICON OASIS

 

As at 31st December 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>

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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, REIT Dubai

The Edge

A G+6-storey office tower, located in a prime location in Dubai Internet City with prominent frontage and Grade A tenants.

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, REIT UAE

South View School

Mid-market British curriculum school located in Dubailand within Remraam, a prominent middle-income community at the Hessa Street / Emirates Road (E611) intersection.

Gross Yield 7.3%

Occupancy rate 100%

% of portfolio value 6%

Type Alternative

Location DUBAILAND

As at 31st December 2022.

Uninest, Real estate investment Dubai

Uninest

A purpose built 424 bed student accommodation building conveniently located in the heart of Dubailand.

Gross Yield 6.9%

Occupancy rate 100%

% of portfolio value 5%

Type Alternative

Location DUBAILAND

As at 31st December 2022.

Al Thuraya Tower 1, Property investment Dubai

Al Thuraya Tower 1

A G+29-storey high rise office tower, located at a prime location in Dubai Media City with views over Barsha Heights and Palm Jumeirah.

Gross Yield 6.4%

Occupancy rate 51%

% of portfolio value 19%

Type Office

Location DUBAI MEDIA CITY

As at 31st December 2022.

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