A G+6-storey office tower, located in a prime location in Dubai Internet City with prominent frontage and Grade A tenants.
Market Value
USD 70m
Occupancy Rate
99%
Gross Rental Yield
8.4%
% of Portfolio Value
19%
Leasable Area
92,208sqft
No. of units
15
Type
Office
Purchase Date
Oct 2017
Construction Completion Date
Apr 2016
Weighted Average
Unexpired Lease Term
2.90
Location
DUBAI INTERNET CITY
As at 31st December 2022.
Asset management highlights
- Improvement of Landscaping around the front and sides of the building.
- Occupancy stable at a 100%.
- Installation of Hand sanitiziers in the common areas.
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 8.4%
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.
Al Thuraya Tower 1
Gross Yield 6.4%
Occupancy rate 51%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
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