Dubai – Mubasher: Emirates NBD REIT Limited (ENBD REIT) said that its net assets amounted to AED 1.083 billion ($295 million) or $1.16 per share by the end of September.
After acquiring The Edge office building in Dubai Internet City at a value of $76.2 million on 8 October, the value of real estate portfolio reached $434 million, the company added.
The company will continue acquiring income-generating assets, aiming to make loans range between 40% and 45%, Anthony Taylor, the fund’s manager said.
These acquisitions aim to enhance the returns of rental revenues of for shareholders, Taylor added.
