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Dubai, Industrial Market Bulletin, Spring 2017

Cluttons has released its biannual Dubai Industrial Bulletin for Spring 2017.

Overall activity in Dubai’s industrial market has eased. Throughout the course of 2016, global economic anxiety and a growth slowdown in regional markets resulted in slowing in take up and a correction in capital values.

Logistics and distribution centres remain popular amongst retailers and food & beverage occupiers, underpinned by the strength of Dubai’s tourism & hospitality market.

A surge in newly completed warehouse space over the last year or two has prompted a flight to quality amongst existing occupiers, creating a growing pool of more secondary space. This is driving a growing gulf in rents between older stock and state of the art, modern warehouse facilities.