Emirates REIT (EREIT) has announced that the new Jebel Ali School campus has successfully been completed and is currently operational for this academic year. The Jebel Ali School is currently valued at AED304mn, according to management, following the booking of post-completion valuation gain of AED47mn (USD12.8mn) since 30 June 2016, which is expected to give a boost to Q3 net income. The Jebel Ali School currently represents c11% of the REIT’s total portfolio value, while the education sector assets account for c24% of its current income. On a separate note, EREIT announced that its NAV as of the end of August had reached USD478mn (USD471mn in July). This is equivalent to USD1.5940/share (USD1.5696/share in July), translating into a P/NAV ratio of 0.70x, on the latest closing share price. (Company disclosure, Mai Attia, Sara Boutros)     Emirates REIT (DU): USD1.11 as of 15 September 2016, Rating: Neutral, FV: USD1.24/share, MCap: USD333mn, REIT DU / REIT.DI