The industrial and warehousing sector in Dubai continues to remain buoyant with strong demand levels and steady leasing activity, as per the Savills Dubai Industrial H1 2022 - Market in Minutes report. Here are some of the key findings:
- The oil & gas sector led demand, followed by e-commerce, contract logistics and indoor farm operators.
- In H1 2022, the real estate footprint of e-commerce operators largely expanded in the form of ‘Dark Stores’.
- The number of vertical farm operators grew as more consumers seek local produce and amid a push for self-sufficiency and less reliance on foreign food imports.
- Occupier demand was concentrated across traditional hotspots such as Dubai South, JAFZA, National Industries Park (NIP) and Dubai Investments Park (DIP).
- Due to the strong rise in leasing activity and enquiry levels, rental values remained stable, with rental increases reported across many submarkets.
To read the full report: CLICK HERE.
To read the Arabic report: CLICK HERE.