Summary and analysis of Dubai's current industrial real estate market conditions.
Insight
Dubai Industrial Market Dynamics, Q3 2024
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.