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.
Market Value
USD 68m
Occupancy Rate
66%
Gross Rental Yield
6.9%
% of Portfolio Value
19%
Leasable Area
204,082sqft
No. of units
204
Type
Office
Purchase Date
Nov 2006
Construction Completion Date
Jun 2005
Weighted Average
Unexpired Lease Term
1.19
Location
DUBAI MEDIA CITY
As at 30th June 2023.
Asset management highlights
- 13,500sqft of renewals concluded during the quarter.
- 23,500sq ft enquiries for new leasing received
- 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.
Al Thuraya Tower 1
Gross Yield 6.9%
Occupancy rate 66%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
As at 30th June 2023.
Burj Daman
Gross Yield 7.2%
Occupancy rate 100%
% of portfolio value 17%
Type Office
Location DIFC
As at 30th June 2023.
Arabian Oryx House
Gross Yield 9.5%
Occupancy rate 99%
% of portfolio value 6%
Type Residential
Location BARSHA HEIGHTS
As at 30th June 2023.
Binghatti Terraces
Gross Yield 10.1%
Occupancy rate 96%
% of portfolio value 6%
Type Residential
Location DUBAI SILICON OASIS
As at 30th June 2023.
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