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· Supply and demand for property in Dubai’s industrial and logistics sector revealed
· Report offers key insights into current market challenges and future opportunities
· The firm casts outlook for 2019, including key drivers for investment
Leading property consultancy and chartered surveying firm, Cavendish Maxwell, has released its Dubai Industrial and Logistics Report for 2018. The report offers a comprehensive and unique outlook on Dubai’s overall competitivity as a logistics hub, the infrastructure available, supply and demand, and market sector opportunities for growth and investment. The report was compiled by the firm’s in-house Investment and Commercial Agency team, drawing data from its in-depth industry knowledge, in collaboration with its extensive client and partner portfolio.
Commenting on the report, Andrew Love, Partner and Head of Investment and Commercial Agency at Cavendish Maxwell, said:
“Dubai’s industrial and logistics real estate market remained relatively stable in the six months leading up to 2019. However, the market continues to be challenging, with increased flight-to-quality and supply still outstripping take up. We will continue to monitor market conditions going into 2019, providing our customers with expert insights to help them decide how best to maximise investment and returns.”
Key sector insights
Demand for property in the industrial sector is being driven by SMEs across Dubai, many of which are seeking opportunities to relocate and benefit from the softer market conditions in an attempt to reduce their occupational costs.
The logistics/distribution and general trading industries accounted for over 60% of demand, with manufacturing also showing positive enquiry levels, testament to the competitiveness of Dubai for business.
Accounting for approximately 10% of the UAE’s economy, the logistics and transport industry’s market share far outperforms the wider region. Continued significant investments into this sector should provide the platform for future growth and ensure the industry plays an important role in the economy in the future.
Funds, Real Estate Investment Trusts (REITs) and high-net-worth individuals looking for opportunities are driving appetite for investment in the industrial and logistics sector of the property market. In the absence of good quality investment opportunities, investors with cash to spend are increasingly reviewing options that would not have been considered 12-18 months ago.
For more detailed information and the complete market outlook download your copy of the 2018 Industrial and Logistics Report here:
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Sarah-Jane Carter
BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing
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