ENBD REIT Acquires AED280m The Edge Office Building From SWEID & SWEID

ENBD REIT (CEIC) Limited (Nasdaq Dubai: “ENBDREIT”), the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management, has announced its acquisition of The Edge office building in Dubai Internet City from developer SWEID & SWEID at a transaction value of AED 280 million (USD 76.2 million).

The premier 92,000-square foot office building, is home to global tech outfit Oracle, social media giant Snapchat, and American education publisher McGraw Hill. As a prime grade ‘A’ property, The Edge’s tenants enjoy a central and easily accessible address, high-end interior design, sustainable credentials, impeccable building infrastructure and quality facility management.