Research

Dubai Industrial Market Dynamics, Q3 2024

Summary and analysis of Dubai's current industrial real estate market conditions.

November 18, 2024
Contributors:
  • Faraz Ahmed
  • Muhammad Aijaz
  • Taimur Khan

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.

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