Company Insights Emirates REIT REIT Real Estate Emirates REIT Overview Emirates REIT is a closed-ended investment company, the largest listed sharia-compliant real estate investment trust in UAE, as well as the first in the Middle East. Founded in 2010, Emirates REIT’s seed investors include Dubai Islamic Bank, Tecom and Dubai Properties. It was the first REIT to be listed in the Gulf region, on the Nasdaq Dubai in DIFC in 2014. Emirates REIT invests principally in income-producing real estate in line with sharia principles. Its stated aim is to provide shareholders with a sharia-compliant income by maintaining stable dividend distribution and increasing shareholder value through accretive acquisitions, active asset management and capital appreciation. Throughout the years, Equitative – the REIT manager of Emirates REIT – has looked after more than 1,900 properties in the UAE, only acquiring assets for Emirates REIT’s portfolio with a conservative and long-term view. Emirates REIT currently manages 11 assets in the commercial, educational and retail sector, valued at more than $840 million. These include Index Tower, Office Park Dubai Internet City, Gems World Academy and Loft Offices. Major shareholders include Dubai Islamic Bank, Vintage Bullion DMCC and Dubai Holding. Emirates REIT News Real Estate Emirates REIT in profit after revaluation gain Dubai’s Emirates REIT reported a 55 percent rise in annual profit after making a nine-figure revaluation gain on its property portfolio. A REIT – a real estate investment trust – is a company that owns income-producing assets related to real estate such as buildings, land and real estate securities. Through REITs investors can have fractional […] April 17, 2024 Analysis Markets Real estate trusts struggle despite strong Dubai market Dubai’s resurgent property market has delivered riches to property owners and shareholders of leading developers like Emaar Properties, but investors in two listed Dubai real estate investment trusts – Emirates REIT and ENBD REIT – are nursing sustained losses. Both trusts are listed on Nasdaq Dubai. The emirate’s international bourse launched in 2005 with the […] December 6, 2023 Banking & Finance Buoyant 2022 for Emirates REIT manager Equitativa Net profit at real estate fund manager Equitativa grew by 30 percent year on year to $82 million (AED301 million) in 2022 and occupancy levels across its portfolio rose 13 percentage points to 85 percent, as it benefited from the “extremely strong” Dubai commercial property market. Equitativa is the manager of Nasdaq Dubai-listed Emirates REIT, […] April 6, 2023 Analysis Real Estate ‘Jury’s still out’ on hybrid working, says top fund manager “The jury’s still out” on the post-pandemic model of working partly in the office and partly at home, according to a leading UAE real estate investment trust (REIT) manager. Thierry Leleu, CEO of Equitativa, told AGBI that the “office sector is a sector that we are confident in here in the UAE.” Equitativa is manager […] September 21, 2022 Real Estate Dubai on alert as distressed assets become a real possibility Dubai’s real estate sector may be hitting record highs but rising interest rates are putting the squeeze on some landlords, leading to increased opportunities to snap up distressed assets in the coming year. “I had that conversation actually a couple of days ago with one of the local banks,” Thierry Leleu, chief executive officer of […] September 12, 2022 Real Estate Dubai real estate trust eyes Saudi after $400m refinancing Equitativa, the manager of Emirates REIT real estate investment trust, is looking to expand beyond Dubai once it concludes the refinancing of its $400 million sukuk within the next two months. The firm is also keen to launch new real estate trusts outside the UAE, in Saudi Arabia and Africa. Founded in 2010, the Emirates […] September 7, 2022 Analysis Economy UAE businesses fear recession, despite positive economic data The United Arab Emirates’ non-oil private sector saw business activity reach a 38-month high in August. S&P Global’s monthly UAE Purchasing Managers’ Index (PMI) identified strengthening demand, a drop in costs, which was mainly due to the decline in fuel prices, a sharp uplift in new orders, rising job creation and even faster repayments for […] September 6, 2022 Posts navigation
Real Estate Emirates REIT in profit after revaluation gain Dubai’s Emirates REIT reported a 55 percent rise in annual profit after making a nine-figure revaluation gain on its property portfolio. A REIT – a real estate investment trust – is a company that owns income-producing assets related to real estate such as buildings, land and real estate securities. Through REITs investors can have fractional […] April 17, 2024
Analysis Markets Real estate trusts struggle despite strong Dubai market Dubai’s resurgent property market has delivered riches to property owners and shareholders of leading developers like Emaar Properties, but investors in two listed Dubai real estate investment trusts – Emirates REIT and ENBD REIT – are nursing sustained losses. Both trusts are listed on Nasdaq Dubai. The emirate’s international bourse launched in 2005 with the […] December 6, 2023
Banking & Finance Buoyant 2022 for Emirates REIT manager Equitativa Net profit at real estate fund manager Equitativa grew by 30 percent year on year to $82 million (AED301 million) in 2022 and occupancy levels across its portfolio rose 13 percentage points to 85 percent, as it benefited from the “extremely strong” Dubai commercial property market. Equitativa is the manager of Nasdaq Dubai-listed Emirates REIT, […] April 6, 2023
Analysis Real Estate ‘Jury’s still out’ on hybrid working, says top fund manager “The jury’s still out” on the post-pandemic model of working partly in the office and partly at home, according to a leading UAE real estate investment trust (REIT) manager. Thierry Leleu, CEO of Equitativa, told AGBI that the “office sector is a sector that we are confident in here in the UAE.” Equitativa is manager […] September 21, 2022
Real Estate Dubai on alert as distressed assets become a real possibility Dubai’s real estate sector may be hitting record highs but rising interest rates are putting the squeeze on some landlords, leading to increased opportunities to snap up distressed assets in the coming year. “I had that conversation actually a couple of days ago with one of the local banks,” Thierry Leleu, chief executive officer of […] September 12, 2022
Real Estate Dubai real estate trust eyes Saudi after $400m refinancing Equitativa, the manager of Emirates REIT real estate investment trust, is looking to expand beyond Dubai once it concludes the refinancing of its $400 million sukuk within the next two months. The firm is also keen to launch new real estate trusts outside the UAE, in Saudi Arabia and Africa. Founded in 2010, the Emirates […] September 7, 2022
Analysis Economy UAE businesses fear recession, despite positive economic data The United Arab Emirates’ non-oil private sector saw business activity reach a 38-month high in August. S&P Global’s monthly UAE Purchasing Managers’ Index (PMI) identified strengthening demand, a drop in costs, which was mainly due to the decline in fuel prices, a sharp uplift in new orders, rising job creation and even faster repayments for […] September 6, 2022
