ENBD REIT announced that its net asset value (NAV) for the third quarter of 2022 rose to US $173mn ($0.69 per share), up from $168mn the previous year. A statement from ENBD REIT explained the growth reflects the continued positive momentum in the Dubai real estate market, and the benefits from effective asset management initiatives. Overall, strong leasing activity resulted in occupancy rates reaching 85%, which together with an improved gross income, saw the property portfolio value increase by a further 0.5% or $1.8mn during the quarter, hitting $365mn as of 31st December 2022. According to ENBD REIT, active asset management remained a priority and investments in maintenance and modernisa
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