1、Dubai and Abu Dhabi Industrial&Logistics-2024 Annual Review1Dubai and Abu DhabiIndustrial and Logistics Markets Review2024/25Special edition,a year in reviewknightfrank.ae/researchDubai and Abu Dhabi Industrial&Logistics-2024 Annual ReviewDubai and Abu Dhabi Industrial&Logistics-2024 Annual Review23

2、In 2024,while global geopolitical tensions and conflict persisted;the UAE remained a pillar of stability.This resilience reflected in robust economic growth and heightened business confidence,translating into green arrows across all real estate sectors in the UAE.The growing economy lead to an influ

3、x in demand for the industrial and logistics sector,evidenced by our team registering a record 40.6 million sqft of new industrial and logistics requirements in 2024.To give context,this translates to a 225%rise on 2023,as the sector continues to play a vital role in supporting the countrys growing

4、population.As a result,both rents and capital values have continued to climb.In Dubai,rents have surged by an average of 33%year-on-year in 2024,while vacancy rates across the emirate remain minimal at an average of just 3%.A significant infrastructure milestone has been the opening of Etihad Rail,f

5、irst announced in 2008.Dedicated freight trains now provide a vital cargo link between the emirates and the completion of this phase of the network has catalysed demand around Etihad Rail hubs.Separately,major ports,including Jebel Ali in Dubai and KEZAD in Abu Dhabi,have expanded their offerings to

6、 capture the increasing demand.Looking ahead,a significant development for Dubai is the planned relocation of the citys primary airport to Al Maktoum International in Dubai South by 2034.This includes the transfer of all Emirates Airlines operations which is already impacting on the availability of