Emirates REIT sells Indigo 7 building for AED 37 million
The sale price reflects a premium to the property's valuation and strengthens the REIT's balance sheet.
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UAE's first listed Sharia-compliant REIT
reit.aeLast updated
In short: Emirates REIT reported record property income of $74 million for 2023 and completed several high-value property sales to optimize debt.
The sale price reflects a premium to the property's valuation and strengthens the REIT's balance sheet.
The sale to TECOM Investment FZ LLC for AED 720m will reduce financing costs and partially redeem sukuk certificates.
The deal awaits shareholder approval at the extraordinary general meeting in October 2024, and the proceeds will be used partly to repay sukuk certificates. The building includes leasable area of 370,761 square feet with an occupancy rate of 88%.
Emirates REIT PLC reported its financial results for the first quarter ended March 31, 2026. For this first quarter, the company recorded...
Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today announced that it has sold ...
Dubai, United Arab Emirates: Equitativa (Dubai) Limited has announced Emirates REIT’s intention to distribute an interim dividend of USD 7.5 million or USD 0.023499 per...
08 April 2014 Emirates REIT (CEIC) Limited Emirates REIT), the first Shari'a-compliant regulated real estate investment trust incorporated in the Dubai International Financial Centre (DIFC...
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