ENBD REIT (CEIC) Ltd. bought The Edge grade A office building in Dubai Internet City from SWEID & SWEID for $76.2 million, Arabian Business reported.
The seven-story building houses Oracle, Snapchat and publisher McGraw Hill. ENBD REIT, which listed on Nasdaq Dubai in March, used its existing Islamic debt facility to fund the purchase, the Oct. 8 report noted.
The real estate investment trust's property portfolio is valued at $447 million.