Summary and analysis of Dubai's current industrial real estate market conditions.
Insight
18 November 2024
Dubai Industrial Market Dynamics, Q3 2024
Categories:
Market activity in the sector is strong, where YoY in the year to Q3, the total number of rental registrations increased by 7.9%, and new and renewed rental registrations grew by 4.0% and 9.9% over this period.
In the year to September 2024, average rents increased by 12.9%. In Q3 2024, the average rental rate recorded stood at AED 40.3 per square foot, per annum.