With an economy on the mend and trade flows recording consistently high growth, industrial and logistics real estate in the UAE is becoming a must have asset for investors. The industrial zones in Dubai are getting a lot of this investor interest and so are choice locations in Abu Dhabi.
Investor demand for such properties is broad-based – “Interest is not just originating from the UAE but across the GCC with investors looking for stable assets such as logistics premises,” said Andrew Powell, surveyor for industrial and logistics at Cluttons. “Demand has led to a hardening of yields and higher asking values, but this is coupled with the limited supply of good quality assets of this nature.”
On the supply side there will be more emerging out of the pipeline in the near to medium term. Additional areas within Dubai Investments Park (DIP) were designated as long-term leasehold – of up to 85 years - through a recent decree, and this will be used principally for new industrial properties.
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