A purpose built 424 bed student accommodation building conveniently located in the heart of Dubailand.
Market Value
USD 19m
Occupancy Rate
100%
Gross Rental Yield
7.0%
% of Portfolio Value
5%
Leasable Area
160,264
No. of units
242
Type
Alternative
Purchase Date
May 2017
Construction Completion Date
Feb 2016
Weighted Average
Unexpired Lease Term
9.18
Location
DUBAILAND
As at 30th September 2022.
Asset management highlights
- Stable occupancy. Property on a long lease to GSA (A globla student accomodation provider.
- Shuttle bus service connecting three of the REIT's Assets i.e. BGT, SE and Uninest
An attractive portfolio of high yielding assets
ENBD REIT has an attractive of high yielding assets currently spanning both commercial property and residential property.
Uninest
Gross Yield 7.0%
Occupancy rate 100%
% of portfolio value 5%
Type Alternative
Location DUBAILAND
As at 30th September 2022.
Al Thuraya Tower 1
Gross Yield 6.3%
Occupancy rate 49%
% of portfolio value 19%
Type Office
Location DUBAI MEDIA CITY
As at 30th September 2022.
Burj Daman
Gross Yield 7.1%
Occupancy rate 80%
% of portfolio value 17%
Type Office
Location DIFC
As at 30th September 2022.
Arabian Oryx House
Gross Yield 9.8%
Occupancy rate 100%
% of portfolio value 6%
Type Residential
Location BARSHA HEIGHTS
As at 30th September 2022.
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