Dubai’s industrial realty has got what it takes

01/03/2015 06:45 AST

Dubai’s residential space might be seeing fewer transactions these days, and there are way too many office properties coming to the market. But for those high networth investors seeking sustained growth from their exposures, Dubai’s industrial realty is offering them a lot of alternatives.

Industrial property in Dubai continues to record a steady upturn in values and rentals, and the current demand is such that just about any new stock coming into the market has no problem getting snapped up.

All of the free zones in the emirate are feeling the lift from the surge, including the offices within. In recent months, such office spaces have been leased by blue-chip names as Bentley Motors, following its decision to upgrade its presence in Dubai into a fully-fledged headquarters with a broad geographic coverage.

“Global automobile majors continue to show interest in creating regional hubs within free zones”, states a new report issued by Knight Frank which tracks trends in Dubai’s industrial realty. That apart, there is also a demand pull from what can be termed as the traditional client base for Dubai’s logistics and warehousing real estate. That includes the food and beverage companies and retailers, while “third-party logistics and light industrial requirements have also seen a steady increase in demand”, the report adds.

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