Equitativa, the manager of Emirates REIT, has announced that it has sold its Indigo 7 commercial building for a sum of AED37 million ($10.2 million) to a private purchaser.
The sale price reflects an offer received in Q1, before the onset of the recent regional conflict. The offer remained unchanged despite the regional geopolitical tensions and represents a premium to the property's valuation of AED34.8 million as of December 31, 2025.
This demonstrates the resilience of demand in Dubai’s commercial real estate sector and continued strength of investor appetite for premium properties, said Equitativa in a statement.
A Dubai-based real estate investment trust, Equitativa has been investing principally in income-producing real estate in line with shari'a principles. It currently owns a well-balanced portfolio of assets in the commercial, education and retail sector.
Emirates REIT had acquired Indigo 7, a mixed-use retail and office building, in September 2011, it stated.
The property is located on Sheikh Zayed Road, which is Dubai’s main artery and a highly desirable and central location for commercial real estate. It enjoys excellent visibility and features 1,902 sq. m. of prime retail and office space, it added.
Equitativa said the transaction aligns with Emirate REIT’s ongoing strategy to actively optimise its portfolio to enhance capital efficiency and focus on high-performing assets across the commercial, retail and education sectors.
"It positions Emirates REIT to further enhance operational efficiency and capital allocation while continuing to deliver long-term value to our shareholders. It also reinforces the REIT’s disciplined approach to asset management, whereby disposals are considered selectively if they can generate significant value for our shareholders," remarked its CEO Thierry Delvaux.
"The proceeds will further strengthen our balance sheet, enhancing the REIT's financial flexibility and positioning it to navigate an evolving macroeconomic and geopolitical environment. This agreement sends a clear signal of confidence in Dubai's commercial property market and underscores the core strengths of REITs in volatile periods," he added.-TradeArabia News Service