UAE: The total assets of Emirates REIT reached US$1.07 billion in Q1 2024, rising 17% year-on-year from US$917 million in Q1 2023. Its net asset value increased 38% from the previous year, reaching US$525 million. The REIT attained a net profit of US$24.8 million in Q1 2024, up from US$7.6 million in the same quarter last year, on higher rental rates and occupancies.
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