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Emirati REIT records USD20.9m grow in rental income
(MENAFN) Emirates REIT, the first Sharia compliant real estate investment proclaimed that rental income amid its properties increased by more than 28 percent in H1, 2016.
Moreover, rental income increased to USD20.9mn, a growth of 28.3 percent compared to the same period in the last year.
In addition, the whole property income from rent, services fees and other income jumped by USD4.5mn to USD23.6mn.
The REIT targets under-performing properties and uses its expertise to enhance underlying cash generation.
Moreover, rental income increased to USD20.9mn, a growth of 28.3 percent compared to the same period in the last year.
In addition, the whole property income from rent, services fees and other income jumped by USD4.5mn to USD23.6mn.
The REIT targets under-performing properties and uses its expertise to enhance underlying cash generation.
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