Refurbish to recover ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
In September 2020, ENBD REIT, the shariah-compliant real estate investment trust managed by Emirates NBD Asset Management, announced the launch of a major refurbishment programme for the largest asset by value in its portfolio – Al Thuraya Tower in Dubai Media City. Valued at $77.04 million, the tower accounts for 20% of ENBD REIT’s total portfolio value and consists of two basement levels, ground floor retail units, five floors of parking, and 24 floors of leasable office space, at a total new leasable area of 19,376sqm. Constructed in 2005, the building’s refurbishment project includes aesthetic improvements and material upgrades, as well as the construction of infrastructure to align it t

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