Arab Today, arab today emirates reit to invest dh2083m to build new school in dubailand
Last Updated : GMT 07:00:44
Arab Today, arab today
Arab Today, arab today

Emirates Reit to invest Dh208.3m to build new school in Dubailand

Arab Today, arab today

Arab Today, arab today Emirates Reit to invest Dh208.3m to build new school in Dubailand

Emirates Reit
Abu Dhabi - Arab Today

Emirates Reit, a Sharia-compliant real estate investment trust incorporated in the Dubai International Financial Centre (DIFC) and listed on Nasdaq Dubai, has acquired a freehold land plot and will fund the development of a new school in the Akoya development.

Emirates Reit agreed with Jebel Ali School to build and enter into a 26-year lease for their new school facility.

Emirates REIT acquired the freehold land plot from Damac Crescent Properties for Dh98.5 million (including acquisition costs), and immediately leased it to Jebel Ali School, providing an initial net income in excess of 10% of the acquisition costs of the plot.

Emirates REIT simultaneously entered into an Istisna agreement with Jebel Ali School, to build their new facility.

The construction of the school facilities is estimated to cost approximately Dh109.8 million, bringing the total investment to Dh208.3 million. Upon completion, the school will account for approximately 9.2 per cent of today's portfolio value of Dh2.25 billion.

The internal rate of return for this project should exceed 11 per cent, and Emirates Reit will account for an immediate valuation gain of Dh6 million.

Akoya is a residential development expected to house more than 44,000 residents when complete in 2018, providing a large and immediate catchment area for the planned school. In addition, demand for the school will also come from adjacent major residential developments including Arabian Ranches, Mudon, Motor City and Dubai Sports City.
Source: Emirates 24/7

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today emirates reit to invest dh2083m to build new school in dubailand Arab Today, arab today emirates reit to invest dh2083m to build new school in dubailand

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today emirates reit to invest dh2083m to build new school in dubailand Arab Today, arab today emirates reit to invest dh2083m to build new school in dubailand

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday