ENBD REIT mulls new acquisitions in Dubai, Abu Dhabi | ZAWYA MENA Edition

ENBD REIT mulls new acquisitions in Dubai, Abu Dhabi | ZAWYA MENA Edition:

ENBD REIT is currently considering several potential acquisitions in Dubai, Abu Dhabi, and northern region of the UAE within the framework of an asset diversification plan, head of real estate Anthony Taylor said.

Net asset value amounted to AED 1.1 billion in the first half of 2018, after paying dividends and return on equity in June, Taylor added.

He indicated that the company’s real estate portfolio was valued at AED 1.7 billion, including diversified investments in 11 properties, such as offices, residential properties, and alternative real estate assets, according to Al Bayan Newspaper.