Average rental for warehouses Dubai UAE Q1 2023-Q1 2024

Published by Statista Research Department, Nov 24, 2024

In the first quarter of 2024, warehouse rents throughout the emirate of Dubai in the United Arab Emirates went up in every urban sector. Al Quoz had by far the highest rental rates and witnessed the biggest increase in rent over the previous year in the emirate at 590 Emirati dirhams per square meter per year. The industrial real estate market continues to experience growth in the emirates, with projects such as Bharat Mart with an area of more than 100 thousand square meters expected to open by 2026 in JAFZA.

Average rental for warehouses in Dubai in the United Arab Emirates from Q1 2023 to Q1 2024 (in AED per square meter)

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Release date

April 2024

Region

United Arab Emirates, MENA

Survey time period

Q1 2023 to Q1 2024

Supplementary notes

Note: 1 AED (United Arab Emirates dirhams) equals approximately 0.27 U.S. dollars and 0.26 euros (as of November 2024). 

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