The purchase price equates
to $236 per buildable square foot.
The activities were conducted with the participation of EQUATE
Sustainability Committee Members Shirin Kamshad and Asrar Mohammad.
The price equates
to $79,250 per unit, a gross rent multiplier of 7.8 and a capitalization rate of 8.5%.
During the visit, EQUATE
was represented by its President & CEO Mohammad Husain; Vice President for Technical Services Tareq Jafar Al-Kandari; Environment, Health & Safety Leader Mohammad Al-Shamary; Emergency Services & Security Leader Abdulqader Al-Qabandi; Government Affairs Category Leader Mohammad Al-Boloushi and Process Safety Expert Abdullah Al-Hazza.