ENBD REIT

Dubai Real Estate ENBD REIT sells Remraam Towers to reduce LTV to 49.4%عقارات دبي شركة الإمارات دبي الوطني ريت تبيع أبراج رمرام لخفض نسبة التمويل إلى 49.4%

Dubai Real Estate: ENBD REIT sells Remraam Towers to reduce LTV to 49.4%

ENBD REIT, the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management Limited, sold Remraam residential assets for an undisclosed amount, but at a slight premium to market value on 31 March this year.In a filing with Dubai Financial Market (DFM), ENBD REIT said the decision to divest the asset aligns with its turnaround strategy to optimize its portfolio with a focus on...

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