Industrial rents in Dubai have risen sharply over the last 12 months, as demand continues to outstrip supply, according to the Year in Review: Dubai & Abu Dhabi Industrial Markets Review by Knight Frank. On average, warehouse lease rates continue to escalate across Dubai, specifically Grade A rents in Al Quoz ($15 per sqft), which have increased by 57% during 2022. In fact, all nine of the industrial sub-markets Knight Frank tracks in Dubai have experienced strong rent rises in 2022 and are currently above pre-pandemic lease rates levels. Faisal Durrani, Partner – Head of Middle East Research, Knight Frank explained, “The industrial market in Dubai is a thriving sector that plays a key role
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