The rental income of Emirates REIT´s registered a strong growth for the nine months ending September 30. The total portfolio value of the company was $742 mn, an increase of 13 per cent from the previous year.
The company also generated property income of $36.3 mn from a 22 per cent increase.Specific to the third quarter, rental income was higher by 19.7 per cent to $11.4 mn.
As of September 30, occupancy rate across the Emirates Reit portfolio was a robust 80 per cent. LuLu opens new regional HQ in Doha LuLu Group has recently inaugurated its new regional headquarters on the D-Ring Road. The state-of-the-art headquarters extends over 7,000 sq m at three levels, with additional two levels of underground parking facility.Based in the UAE, the LuLu Group is one the most successful and highly diversified consumer business groups in the Gulf region, having major presence in the fields of supermarkets, department stores and hypermarkets all over the GCC countries. Presently, the group operates 131 shopping malls and hypermarkets.
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