Market Highlights

• According to the latest Dubai Industrial Report, the sector has witnessed continued growth since 2020, and demand for industrial and logistics space during the first half of 2023 was the strongest on record across Dubai.
• There was also a spike in demand for logistics and industrial space due to the surge in local manufacturing, which is due to the UAE’s industrial strategy, ‘Operation 300bn’.
• Demand during H1 2023 was primarily concentrated across traditional hotspots such as Dubai South, JAFZA, NIP, and DIP. Oil and gas companies were among the top occupiers of warehousing and industrial space across the country. The UAE is expected to spend close to USD 150 billion to boost its oil production capacity by 2027. The Freezone has reported a 30% y-o-y increase in new customer registration. E-commerce operators, contract logistics, and indoor farm operators were also among the prominent demand drivers for warehouse leasing activity

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