Emirates REIT, a Dubai-based real estate investment trust under Equitativa, has reported robust nine-month results buoyed by Dubai’s thriving commercial real estate market, with a 40% growth in net profit over last year and an increase in NAV per share.
Equitativa (Dubai), the largest real estate investment trust manager in GCC and also manager of Emirates REIT, said it has sold its property hosting Jebel Ali School located within Akoya development in Dubai, to Taaleem Holdings for AED233.5 million ($63.
Emirates Reit, a Dubai-based real estate investment trust under Equitativa Limited, has swung back to profit making a full year (FY) 2021 net of AED232 million ($63.1 miliion), compared to a net loss of AED892 million in 2020.