Market Update

As we close the chapter to another year in Dubai’s commercial property market it is clear that this year, we reached extraordinary milestones that speak volumes about the resilience, innovation and global appeal of this dynamic city.At CRC, we’ve been privileged to witness and contribute to the remarkable transformation of Dubai’s commercial property landscape. The numbers tell a compelling story: 9,038 transactions were recorded this year—a staggering 24% year-on-year increase. Equally noteworthy is the total transaction value, which surged to AED 90.1 billion, marking an 11% YoY growth. These figures aren’t just numbers; they represent the vision of investors, the hard work of entrepreneurs and the trust placed in Dubai as a global hub for commerce and opportunity.Delving deeper into the market, the average selling price across different property segments at CRC showcased notable variations in 2024, reflecting the unique dynamics of each segment. Warehouse properties recorded an average price of AED 11.9 million, with a 20% YoY increase, while office properties saw a remarkable surge, standing at AED 3.8 million—an impressive 85% YoY growth. These figures underline the growing demand for both industrial and office spaces as businesses continue to expand and thrive in Dubai.As we close another successful year, we remain committed to driving value, building trust and providing unparalleled expertise to our clients. At CRC, we see every transaction as a story of ambition and growth, and we are honoured to be part of these journeys.Commercial Sales Transactions | DLDThe commercial real estate market in Dubai has shown remarkable growth over the past five years, reaching new heights in both transaction volumes and total value by 2024. The volume of transactions surged to 9,038in 2024, marking a year-on-year (YoY) increase of 24%, while the total value reached AED 90.1 billion, reflecting an 11% YoY growth. Off-plan transactions accounted for 22% of the total activity, showcasing a growing investor preference for new developments offering attractive yields and price advantages. However, the secondary market continued to dominate, holding a commanding 88% share of transactions, underscoring the sustained demand for ready and income-generating commercial properties.Dubai's economic resilience has been a key driver, underpinned by the diversification of its economy and significant growth in fintech, artificial intelligence, and tourism sectors. Government initiatives, including the AED 25 billion foreign direct investment program, have further bolstered market demand by attracting international businesses and investors. Policy reforms that simplify business operations, enhance investors' residency options and provide tax incentives have made Dubai a global investment hub. Office Segment AnalysisDubai's office market showcased robust resilience and sustained demand in 2024, recording 2,972 office sales transactions, a 3% YoY increase. These transactions generated a total value of AED 6.5 billion, the highest on record, reflecting a significant 37% YoY growth. Office sales constituted 33% of the total commercial transaction volume, highlighting the critical role of this segment in the overall market. The demand for office spaces, especially in key business districts, continues to outpace supply, a trend expected to persist as more companies establish operations in Dubai.A key driver of this growth is the influx of businesses, with over 70,000 new companies joining the Dubai Chamber of Commerce in 2024, reflecting a 3% YoY increase in company registrations. This growth, underpinned by Dubai's business-friendly policies and the Dubai Economic Agenda (D33), has significantly bolstered demand for commercial spaces, particularly offices and retail properties. The Dubai International Financial Centre (DIFC) has cemented its global hub position by attracting major players from China's banking and financial services industry. Notably, 30% of these entities are Global Fortune 500 companies, showcasing the DIFC’s appeal to high-profile organisations.The most in-demand office locations for 2024 were Business Bay, Jumeirah Lakes Towers (JLT), and Dubai Silicon Oasis, reflecting their strategic positions and popularity among businesses. However, the market faces a supply crunch, especially for Grade A offices. Limited high-quality space has created fierce competition, pushing tenants to negotiate favourable lease terms. Medium-sized offices are in high demand, with many businesses opting to renew leases at higher costs rather than face the challenges of relocating.Demand is largely driven by businesses expanding or relocating due to Dubai's strategic location and strong economy. Financial services firms, including hedge funds and asset management companies, are key contributors. This demand highlights Dubai's global appeal and reinforces its position as a leading commercial real estate market.The secondary office market dominated activity in 2024, accounting for 94% of total transaction volume. A total of 2,785 transactions were recorded, valued at AED 5.9 billion. Notably, 71% of these secondary transactions involved offices with a built-up area of less than 1,500 square feet (sq ft), reflecting strong demand for smaller, more flexible office spaces to accommodate businesses’ evolving operational needs.The top locations for secondary office transactions in 2024 were Business Bay with a share of 42%, Jumeirah Lakes Towers (JLT) at 31%, and Dubai Silicon Oasis at 7%. These areas remained highly sought after due to their strategic locations, well-developed infrastructure, and appeal to businesses across various sectors.Upcoming Office SupplyData from Property Monitor indicates that over 1,400 office units are currently under construction, with delivery timelines stretching from 2025 to 2028. This pipeline highlights a controlled expansion aimed at meeting the growing demand for office spaces in Dubai’s prime business locations. A significant share of these units will be completed in JLT and Jumeirah Village Circle (JVC).In 2024, key office space additions included 6 Falak in Dubai Media City, A2 within Dubai CommerCity, and Millennium Downtown on Sheikh Zayed Road. Several other major office projects were also unveiled, with expected completion dates ranging from 2027 to 2028. Among the notable upcoming free zone developments are the Immersive Tower in DIFC and Phase 2 of Uptown Dubai. On the other hand, the onshore office market remains tight, with Aldar’s mixed-use development on Sheikh Zayed Road marking one of the recent highlights.Average Selling Prices: Secondary MarketIn 2024, the average price per sq ft stood at AED 1,417, increasing by 27% YoY compared to 2023. This sharp rise reflects strong demand in the secondary market, driven by a supply crunch in Grade A office spaces and high competition for well-located, ready-to-occupy offices.Key factors contributing to this increase include the surge in new company setups, the influx of global firms, and Dubai's strong economic performance. Additionally, heightened demand for smaller offices, especially in prime locations like Business Bay, JLT, and Dubai Silicon Oasis, has further bolstered price growth.The market's performance in 2024 underscores the resilience of Dubai’s office sector, its appeal as a global business hub, and the shifting preferences toward ready-built, high-quality spaces in strategic areas.Retail Segment Analysis Dubai’s retail real estate market demonstrated exceptional growth and activity in 2024, reaching new heights with a record-breaking 1,364 retail transactions, collectively valued at AED 3.2 billion, marking a significant 34% year-over-year increase. Retail transactions accounted for 15% of all commercial deals, with the off-plan segment dominating the market, contributing 65% of the total transaction value and 53% of the transaction volume.Record-breaking PerformanceDubai Mall set a new attendance record in 2024, welcoming over 111 million visitors, surpassing its previous record of 105 million visitors in 2023. This marks the second consecutive year the mall has exceeded 100 million visitors, reflecting substantial growth since 2022’s 88 million.An AED 1.5 billion expansion is underway, which will add 240 luxury retail and dining outlets to the site, further cementing its position as a global retail destination.Aviation-Driven Retail ImpactDubai International Airport (DXB) retained its title as the World’s Busiest International Airport for 2024, recording 60.2 million seats. Airline capacity grew 7% YoY and was 12% higher than pre-pandemic levels in 2019, further boosting foot traffic for retail spaces associated with the airport.Dubai Duty Free achieved record-breaking annual sales of AED 7.9 billion in 2024, with a strong surge in December.New DevelopmentsUnion Coop has commenced construction of a new community mall in Al Khawaneej Second, expected to be completed by Q2 2025. Spanning 70,700 sq ft, approximately 70% of the retail space is already leased.Emirates REIT finalised the sale of Trident Grand Mall, a two-story retail component of Trident Grand Residence in Jumeirah Beach Residences, for AED 73.5 million.Sobha Realty has started work on the Dubai Hartland Mall, which will contribute an additional 115,000 sq ft of gross leasable area (GLA) to Dubai’s retail inventory.Shamal Holding has awarded McLaren Construction the contract for the Nad Al Sheba Gardens Mall. This two-story retail and F&B destination will span a plot area of approximately 135,625 sq ft.Industrial Segment AnalysisDubai's industrial and trade sector demonstrated remarkable resilience and efficiency in 2024, with 35 warehouse transactions collectively valued at AED 284 million. Dubai Investments Park emerged as the most prominent location for these deals, showcasing its continued appeal as a hub for industrial activity. Notably, 30% of the transactions fell within the AED 5-10 million range, underscoring the sector's alignment with medium-scale business investments, which are essential for fueling sustainable economic growth. The strong focus on strategically located industrial zones like Dubai Investments Park reflects the emirate's commitment to fostering an environment conducive to trade and logistics. By offering a diverse range of warehouse facilities tailored to various investment scales, Dubai continues to strengthen its position as a leader in the industrial and logistics sectors, ensuring robust contributions to its dynamic economy. Dubai’s industrial and trade sector continues to thrive, bolstered by its exceptional ability to attract Greenfield Foreign Direct Investment (FDI) projects. In the first half of 2024, Dubai maintained its position as the world’s top city for Greenfield FDI, securing 508 projects and growing its global share to 6.2%. The emirate's advanced infrastructure, investor-friendly regulations, and strategic initiatives have cemented its reputation as a global economic powerhouse.This robust performance is further highlighted by Dubai’s dominance in the Middle East and North Africa (MENA) region, where it secured the top position for Greenfield FDI capital and projects. Strategic partnerships and a visionary economic framework have driven significant increases in FDI across diverse sectors like business services, software, textiles, and food and beverages.Dubai’s ability to attract top-tier investors from countries like India, Switzerland, and the United States underscores its global appeal. Additionally, the industrial and trade sectors’ resilience is reflected in increased investments in building materials, IT services, and automotive manufacturing. Together, these achievements solidify Dubai’s role as a leading hub for business and investment on the world stage. 

The commercial property market in Dubai continued to display robust activity in November 2024, reflecting strong investor confidence and sustained demand across key sectors.Here are some of the latest insights, based on data from Dubai Land Department (DLD) and internal data at CRC, highlighting the trends shaping the commercial real estate landscape.Commercial Sales: A Thriving SegmentNovember witnessed a total of 931 commercial sales transactions, generating a remarkable AED 9.2 billion in value. This robust performance underscores the sustained demand for Dubai’s commercial real estate, bolstered by its reputation as a thriving global business center and its commitment to creating a highly attractive investment climate.Dubai Office Segment: A Focus on Prime LocationsThe office market remained a significant contributor to the commercial property sector:272 office sales transactions were recorded, amounting to AED 1.1 billion in value.The average price per square foot reached AED 1,648, signaling a sustained appetite for premium office spaces.Top Performing Office LocationsKey business districts continued to attract investor and tenant attention, with the following areas leading in office sales:Business BayJumeirah Lake Towers (JLT)TecomJumeirah Village Circle (JVC)Dubai Silicon Oasis (DSO)These locations stand out for their strategic connectivity, modern infrastructure and variety of office options tailored to businesses of all sizes.Dubai's Retail Property Market Dubai's retail sector continues to showcase its dynamic appeal, with impressive figures highlighting sustained investor confidence. According to recent data from the Dubai Land Department (DLD), the retail sales volume has reached 84 transactions, generating a combined value of AED 218.4 million. These statistics underscore the city's enduring reputation as a prime destination for retail investment.Several neighborhoods have emerged as top-performing areas in retail sales, reflecting a mix of affordability, strategic location, and growth potential. Leading the list is Jumeirah Village Circle (JVC), a community known for its growing population and excellent connectivity, making it an attractive hub for retailers. Close behind is International City, popular for its affordability and appeal to small businesses seeking to cater to a diverse demographic.The upscale district of Mohammed Bin Rashid (MBR) City also stood out, driven by its luxurious lifestyle offerings and proximity to key landmarks. Meanwhile, Al Furjan and Arjan rounded out the top five, with both communities benefiting from rapid infrastructure development and increasing residential occupancy.Market Dynamics: Buyer and Tenant Activity on the RiseCRC’s internal data painted a positive picture of market demand:Buyer leads rose by 7% month-on-month, underscoring growing interest from investors seeking opportunities in Dubai's commercial property market.Tenant leads saw a 3% increase month-on-month, reflecting a steady demand for leasable office and retail spaces.This growth in buyer and tenant interest signals a healthy balance between investment activity and end-user demand, positioning Dubai as an increasingly attractive destination for both regional and international businesses.

In October 2024, Dubai’s commercial property market continued to shine, marked by impressive sales volumes and values that signal robust investor confidence and market vitality.Dubai's Commercial Property Market as a WholeThe Dubai Land Department recorded an impressive 1,044 commercial sales transactions totaling AED 10.9 billion, further cementing Dubai’s reputation as a top destination for commercial real estate investment.Office Segment Snapshot Among these, the office segment stood out, with 304 transactions valued at AED 661.5 million and an average price of AED 1,503 per square foot.When it comes to top office sales locations in Dubai, areas like Business Bay, Jumeirah Lake Towers (JLT), Tecom, Jumeirah Village Circle (JVC) and Culture Village lead the way, each offering unique advantages to businesses. Business Bay stands out as a prime commercial hub with modern infrastructure and easy access to Sheikh Zayed Road, attracting a wide range of corporate tenants and investors. JLT provides an appealing mix of office and retail spaces around scenic lakes, appealing to companies looking for a dynamic yet balanced work environment. Tecom, with its dedicated technology and media clusters, attracts firms in media, tech and communications industries, while JVC offers more affordable office spaces amid a growing residential area, ideal for small to medium-sized businesses. Culture Village, with its arts-focused design, presents a more creative environment, drawing in businesses interested in a unique, culturally rich setting. These locations highlight Dubai's diversity, accommodating various industry needs and preferences.Retail Segment SnapshotThe retail segment also performed well, with 135 transactions valued at AED 296.7 million, reflecting sustained investor interest in prime retail spaces throughout the city.At CRC, we see this momentum in retail transactions as a clear indicator of Dubai’s dual appeal as both a business hub and a vibrant retail destination, where demand for commercial and consumer-focused spaces remains robust.The top 5 destinations for retail sales transactions were:International CityMirdifBusiness BayMBR CityJumeirah Village CircleCRC October Overview The office sales and leasing market in Dubai is showing significant momentum, with CRC data revealing a 64% year-on-year increase in buyer leads. Business Bay continues to be the top-performing community for office sales, reflecting its strong appeal among buyers. Moreover, the average selling prices across commercial property types stand at AED 2,531,250 for office spaces, AED 3,600,000 for retail units and AED 10,700,000 for warehouses, showing robust demand and investment potential across diverse sectors.Leasing activity is also on the rise, with tenant leads increasing by 23% year-on-year. Key locations for commercial leasing, such as Jumeirah Lake Towers (JLT), Business Bay and Media City, demonstrate their continued attractiveness for businesses seeking prime locations. Leasing prices average around AED 462,725 for office spaces and AED 567,398 for retail spaces. The upward trends in both buyer and tenant interest across these areas underscore the resilience and growth of Dubai's commercial property market, particularly in its most sought-after communities.    

Abu Dhabi’s commercial real estate market has seen remarkable growth in 2024, with office spaces hitting a new high. Occupancy levels have soared to 88%, while rental prices have climbed by 15% year-on-year. This robust performance underscores the capital’s increasing appeal as a business hub, driven by both regional and international companies seeking to establish or expand their presence.Booming Demand and Rising RentalsThe significant 15% rise in rental prices is a key indicator of the surge in demand for office spaces in Abu Dhabi. Businesses are attracted by the city’s strategic location, economic diversification efforts and its role as a thriving hub for industries such as finance, energy and technology. The growing need for high-quality office spaces is a reflection of both new market entrants and existing companies expanding their footprint in the capital.The current occupancy rate of 88% highlights the competitive nature of the market, where prime office spaces are increasingly scarce. Tenants are now moving quickly to secure space, driving up both rental rates and competition, particularly in premium locations.Top Office Locations in Abu Dhabi Office MarketAl Reem Island One of Abu Dhabi's most prestigious addresses, Al Reem Island, has become a hotspot for businesses. The island offers a mix of modern office towers with world-class amenities and stunning waterfront views. Its proximity to the central business district, combined with easy access to luxury residential areas, makes it an ideal choice for companies looking to offer employees convenience and lifestyle benefits. Al Reem Island is perfect for businesses in the finance, consultancy and tech sectors and its reputation for premium office spaces continues to grow.Maryah Island Maryah Island stands out as a premium business destination in Abu Dhabi, offering state-of-the-art office spaces within the Abu Dhabi Global Market (ADGM) jurisdiction. Known for its prestigious ADGM licenses, the island is a key financial hub, attracting international and regional companies. The area boasts modern, high-end buildings with world-class facilities, making it an excellent choice for businesses seeking a premium office environment. With its strategic location and exclusive status, Maryah Island is ideal for firms looking for a sophisticated, globally recognised base in the UAE capital.Corniche The Corniche area is another prime location for offices in Abu Dhabi, offering stunning sea views and a central position within the city. Known for its iconic waterfront, Corniche attracts businesses looking to combine a prestigious address with scenic surroundings. Offices here are typically found in high-rise buildings that provide excellent amenities. Its central location also ensures easy access to key commercial areas, making it an appealing choice for companies looking to establish themselves in the heart of the capital.Addax Office Tower The Addax Office Tower, located on Al Reem Island, is another top choice for companies seeking high-end office spaces. The tower is a symbol of luxury and efficiency, offering panoramic views of the city and waterfront, state-of-the-art facilities, and large floor plates that can accommodate businesses of various sizes. Its strategic location within Abu Dhabi’s business hub, coupled with top-tier amenities, makes it highly attractive for multinational corporations and local businesses alike. The tower also benefits from the island's proximity to key government institutions and major infrastructure.Al Khalidiyah Al Khalidiyah is prized for its central location, making it one of the most sought-after areas for renting offices in Abu Dhabi. This bustling district offers excellent connectivity to the city’s key commercial hubs, making it highly convenient for businesses. Companies can find office spaces in mid to high-rise buildings equipped with modern facilities, all at competitive rates. For those seeking furnished offices in a prime location, Al Khalidiyah presents a strong option.Mohammed Bin Zayed City Mohammed Bin Zayed City, named after His Highness Sheikh Mohamed Bin Zayed Al Nahyan, offers a blend of affordability and strategic connectivity. Located on the outskirts of the city, it provides seamless access to major highways such as Al Ain Road (E22) and Sheikh Khalifa Bin Zayed International Road (E11). This suburban area is an attractive option for companies looking to secure office space at reasonable rents while benefiting from quick access to the capital’s main roads.The Road AheadWith Abu Dhabi’s office market maintaining its upward trajectory, the city is expected to remain a top destination for businesses across a variety of sectors. The strong occupancy rates and rising rental prices suggest a healthy market, though businesses must act quickly to secure prime spaces as competition intensifies. Locations presented above will continue to dominate as top choices for companies looking to establish themselves in Abu Dhabi’s dynamic commercial landscape.For businesses seeking the right balance between quality, location and cost, staying informed about market trends and exploring strategic opportunities in Abu Dhabi's leading office locations is crucial for success.About CRC Abu Dhabi CRC Property Abu Dhabi is a leading commercial real estate brokerage, offering expert services across leasing, sales and investment advisory. With deep knowledge of the local market and a strong presence in key areas across the city. CRC provides tailored solutions for businesses looking to establish or expand in the capital. Whether clients are seeking premium office spaces, industrial properties, or investment opportunities, CRC’s team of experienced consultants ensures a seamless process, helping businesses find the right space to thrive in Abu Dhabi's dynamic commercial landscape.

Tecom Group has made headlines with its substantial $463 million investment to acquire and develop key commercial and industrial properties in Dubai. This strategic move includes acquiring two office buildings in Dubai Internet City and a significant land parcel in Dubai Industrial City from Dubai Holding Asset Management (DHAM). Additionally, Tecom will develop six new office buildings in Dubai Design District (d3) to cater to the burgeoning demand from the design, fashion, and creative sectors. This development underscores Tecom's commitment to enhancing Dubai's commercial real estate market and supporting its growth prospects.Tecom Group's Acquisition of Two Grade A Office TowersOne of the cornerstone elements of this investment involves acquiring two grade A office buildings in Dubai Internet City from DHAM for Dh420 million. These properties, offering a gross leasable area of 334,000 sq ft, are highly occupied and house esteemed regional and international tech companies. The high occupancy levels and premium tenant mix indicate strong, stable returns for investors, making this a highly attractive investment proposition.Moreover, Tecom's acquisition of 13.9 million sq ft of industrial land in Dubai Industrial City for Dh410 million from DHAM is a clear signal of confidence in Dubai's ongoing economic growth. This expansion opens up new opportunities for businesses seeking premium industrial spaces, further enhancing Dubai's appeal as a global business hub.Dubai Design District's Dh689 million Investment A significant aspect of Tecom's strategy involves Dubai Design District (d3), a subsidiary of Tecom Group, acquiring 629,000 sq ft of gross floor area for Dh136 million as part of phase two of the d3 Design Quarter development. Additionally, Tecom will invest Dh689 million to develop six grade A office buildings with a gross leasable area of 503,000 sq ft, with completion targeted by 2028.This development is driven by strong demand from the design, fashion, and creative industries, highlighting a growing market need. The creation of high-quality office spaces in d3 is expected to attract a wide range of creative businesses, further cementing Dubai’s reputation as a center for innovation and design.Why This Investment Matters & What This Means for Dubai's Business Landscape Tecom Group’s strategic investment reflects a profound confidence in Dubai's commercial real estate market. For investors, the acquisition of high-occupancy properties in prime locations like Dubai Internet City and the development of new office spaces in d3 offer promising returns and long-term value. The focus on expanding industrial space in Dubai Industrial City aligns with broader economic trends, supporting the city's role as a logistics and manufacturing hub.From a business perspective, the influx of new, high-quality office spaces caters to the increasing demand from sectors that are pivotal to Dubai’s diversified economy. The design, fashion and creative industries, in particular, will benefit from state-of-the-art facilities, fostering an environment of creativity and innovation.Moreover, Tecom's investment aligns with Dubai's vision to be a leading global city for business, tourism and innovation. By enhancing the commercial real estate landscape, Tecom is not only supporting current economic growth but also paving the way for future opportunities. This strategic move positions Dubai as an attractive destination for international companies looking to establish or expand their presence in the region.Tecom’s CEO, Abdulla Belhoul, emphasised that this "ambitious Dh1.7 billion ($463 million) strategic acquisitions and development plan will capitalise on the unique opportunities that Dubai’s commercial real estate market offers.” This statement encapsulates the essence of Tecom's investment strategy: leveraging Dubai’s strengths to create value and drive sustainable growth.In conclusion, Tecom Group's $463 million investment is a transformative step for Dubai's commercial property market. It offers robust opportunities for investors and businesses alike, reinforcing Dubai's status as a premier global business hub.Are you looking to invest in Commercial Property in Dubai? Browse our portfolio.  

Since the start of 2024, Dubai's real estate market has remained vibrant, with a total of 31,206 transactions recorded. These transactions amounted to a significant total worth of AED 93.93 billion as per data from DLD.The transactions included the sale and purchase of 2,513 buildings and 3,313 plots of land, reflecting sustained activity and interest in both residential and commercial properties across the emirate.We are seeing investors continue to show confidence in Dubai's real estate sector, drawn by its strategic location, robust infrastructure and diverse range of property offerings. The market's resilience and ongoing developments indicate positive momentum for the remainder of the 2024.Merging of Nakheel & Meydan Under Dubai HoldingRecently, HH Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced that two of the largest developers, will be merging under the ownership of Dubai Holding.We at CRC believe that by joining forces, Meydan and Nakheel can leverage their respective strengths to optimise resources, streamline processes and implement best practices across all stages of project development. This strategic consolidation brings together two prominent entities renowned for their expertise and innovation in urban development.Furthermore, the combined wealth of experience and knowledge from both entities is expected to catalyse innovation in design, construction and sustainability practices.Collaborative efforts may yield groundbreaking solutions for urban challenges, enhancing the livability, functionality and aesthetic appeal of Dubai's built environment.Commercial Real Estate ForecastsThe commercial real estate market is forecasted to witness continued growth, particularly in sectors such as hospitality, F&B, health and wellness and the industrial market.We at CRC hope to see an increase of new office supply entering the market by developers this year, to cater to the high demand we are witnessing, as Dubai remains a preferred destination for regional and international businesses seeking expansion opportunities.

In an exciting announcement, KEZAD (Khalifa Economic Zones Abu Dhabi) has set the stage for significant growth and innovation with its latest revelation of new warehousing capacity. The move is poised to revolutionise the logistics landscape, providing businesses with enhanced storage solutions and streamlined supply chain operations. Let's delve into the details of this groundbreaking development and its potential implications for the industry.In a significant move to meet the growing demand for warehousing and industrial facilities, KEZAD Group, the leading operator of integrated economic zones, has announced the commencement of a massive development project. With a substantial investment of AED 621 million, KEZAD Group is set to add more than 250,000 square meters of pre-built industrial and logistics facilities by the end of 2025. This ambitious undertaking is poised to enhance the group's total warehousing capacity by an impressive 43%, solidifying its position as a key player in the economic development of the emirate of Abu Dhabi.Meeting Market Demand:The decision to embark on this substantial investment comes in response to the robust demand for warehousing and pre-built facilities across both free zone and domestic industrial areas in Abu Dhabi. As businesses continue to evolve and expand, the need for modern, scalable and strategically located storage solutions becomes paramount. KEZAD Group's commitment to meeting this demand reflects its dedication to supporting businesses in their growth journey and contributing to the economic vibrancy of the region.Project Highlights:Investment Breakdown: The AED 621 million investment signifies KEZAD Group's confidence in the economic potential of the region. This substantial financial commitment underscores the group's belief in the long-term growth and sustainability of Abu Dhabi's industrial and logistics sectors.Warehousing Capacity Expansion: The construction project aims to deliver more than 250,000 square meters of additional warehousing capacity. This expansion is strategically distributed across two key areas, including over 97,500 square meters in Khalifa Industrial Area (KEZAD Al Ma’mourah A & B) and more than 153,000 square meters in ICAD 3 (KEZAD Musaffah). The careful selection of these locations ensures accessibility and convenience for businesses operating in different sectors.Timeline for Completion: With a deadline set for the end of 2025, KEZAD Group is working diligently to bring these new phases online promptly. The accelerated timeline emphasises the group's commitment to providing timely solutions to businesses in need of modern and efficient warehousing facilities.Economic Impact:As the largest operator of integrated economic zones, KEZAD Group's expansion initiative is not only about increasing warehousing capacity but also contributing to the overall economic development of Abu Dhabi. The project is expected to generate employment opportunities, attract investments and facilitate smoother trade operations, further solidifying Abu Dhabi's position as a hub for commerce and industry. 

Sharjah is rapidly emerging as a dynamic hub for investors and entrepreneurs alike. Boasting a strategic location and a steadily growing economy, the new Sharjah area is unveiling a plethora of opportunities for those seeking to capitalise on its commercial market. In this article, we will delve into the key trends shaping Sharjah's business landscape and explore the enticing prospects that await both investors and entrepreneurs as highlighted by Amit Vora, Manager of CRC Property Sharjah.Opportunities for InvestorsEconomic Growth and Strategic Location: Sharjah's economic growth has been nothing short of impressive, fueled by diverse sectors such as manufacturing, logistics and tourism. Its strategic location as a gateway between the East and West positions it as an attractive investment destination. Investors can tap into this burgeoning economy to yield substantial returns.Investor-Friendly Policies: The Sharjah government has implemented a series of investor-friendly policies, creating an environment conducive to business growth. These initiatives aim to streamline processes, reduce bureaucracy and provide a supportive framework for businesses to thrive. This commitment to facilitating ease of doing business is a key driver for investors considering the region.Commercial Real Estate Initiatives: The commercial real estate sector in Sharjah is experiencing a renaissance, thanks to the government's strategic initiatives. With a focus on creating vibrant business districts, the government is actively attracting new businesses by offering competitive incentives. This includes tax breaks, reduced licensing fees and other perks designed to entice investors to set up shop in Sharjah.Launch of Mega Projects: The launch of ambitious projects like Aljada and Tilal City has injected a new wave of energy into Sharjah's commercial market. These mega developments not only enhance the city's infrastructure but also provide diverse investment opportunities. Investors can explore sectors ranging from hospitality and retail to residential real estate, contributing to the city's evolution into a modern business hub.Image: Tilal City - Sharjah Opportunities for EntrepreneursReserve Spaces for Innovative Ventures: Entrepreneurs and project owners are encouraged to reserve spaces within the new Sharjah area to bring their innovative ventures to life. Whether it's a tech startup, a boutique retail concept or a service-oriented business, the city welcomes diverse ideas that contribute to the region's development.Enhancing Quality of Life: The Sharjah government is actively seeking entrepreneurs who can contribute to enhancing the quality of life for residents. From innovative healthcare solutions to sustainable living initiatives, entrepreneurs have a unique opportunity to make a positive impact on the community while building a successful business.Government Initiatives for Startups: Recognising the importance of startups in driving economic growth, the Sharjah government has introduced various initiatives to support entrepreneurs. This includes funding programs, mentorship opportunities and access to shared workspaces, creating an ecosystem where new businesses can flourish.ConclusionIn conclusion, Sharjah's commercial market is on an upward trajectory, presenting a tapestry of opportunities for both investors and entrepreneurs. The confluence of a growing economy, investor-friendly policies and visionary projects make Sharjah a compelling destination for those looking to be part of a thriving business landscape. As the city continues to evolve, savvy investors and forward-thinking entrepreneurs stand to reap the rewards of being early contributors to Sharjah's economic success.

Abu Dhabi, the capital of the United Arab Emirates, is experiencing dynamic shifts in its commercial property market. From a surge in demand for retail options to the strategic inclusion of Al Reem under ADGM and a growing interest from financial institutions, the landscape is evolving rapidly. This article delves into the current trends shaping Abu Dhabi's commercial property market.Retail Boom in Prime LocationsThe demand for retail spaces is witnessing a significant uptick across Abu Dhabi, with particular hotspots being Al Reem, Al Raha and Saadiyat. The attractiveness of these locations is not only due to their prime positioning but also hinges on the permissibility of licensing. Businesses are keen on securing spaces in these sought-after areas, recognising the potential for high footfall and lucrative opportunities.Upscale malls, synonymous with luxury and high-end retail, are emerging as focal points for businesses. The allure of these malls, such as those on Saadiyat Island, is drawing retailers who seek to capitalise on the affluent consumer base that frequents these establishments. The demand for retail space in such malls is indicative of Abu Dhabi's growing reputation as a hub for diverse commercial ventures.Al Reem's ADGM Inclusion and Licensing ImplicationsAl Reem Island's recent inclusion under the Abu Dhabi Global Market (ADGM) has brought about a noteworthy shift in the commercial property landscape. The implication is that the applicable licenses for businesses in Al Reem are now exclusively under ADGM FZ. This regulatory adjustment could potentially influence inquiries for both retail and office spaces in the area. Businesses must navigate the licensing requirements and the impact of this change is something stakeholders are closely monitoring.Rise in Demand from Financial and Banking InstitutionsAbu Dhabi is witnessing a surge in inquiries from financial, investment and banking institutions. Many of these institutions are already established in the city but are seeking larger spaces with a specific emphasis on ample parking facilities. The expansion of these institutions reflects the city's growing importance as a regional financial hub. The demand for significant office spaces, especially with parking considerations, underscores the need for accommodating the requirements of these prestigious entities.Preference for Fitted Office SpacesClients in the commercial property market are displaying a clear preference for fitted office spaces or at the very least, Category A (CAT A) options. The desire for ready-to-use spaces highlights the efficiency and convenience that businesses are seeking. This trend reflects the evolving needs of tenants who prioritise streamlined processes and quick setup, minimizing downtime and operational disruptions.High Demand for Commercial VillasBeyond traditional office spaces, commercial villas are experiencing a surge in demand in Abu Dhabi. These unique properties provide businesses with a distinctive and often more spacious alternative to conventional offices. The popularity of commercial villas reflects a growing trend of businesses seeking versatile and aesthetically appealing spaces that align with their brand image.ConclusionAbu Dhabi's commercial property market is undergoing a transformative phase, driven by diverse factors such as the demand for retail spaces in prime locations, regulatory changes, increased interest from financial institutions, the preference for fitted office spaces and the rise in demand for commercial villas. As stakeholders navigate these trends, the market continues to evolve, offering exciting opportunities for businesses seeking to establish a presence in this vibrant city. 

Dubai's real estate landscape is constantly evolving and its industrial property market is no exception. Over the past few years, several exciting trends have been reshaping the city's industrial real estate sector. In this article, we'll explore some of the key emerging trends that are driving innovation and growth in Dubai's industrial property market.1. E-commerce and Warehousing BoomThe rise of e-commerce has had a profound impact on Dubai's industrial property market. With the increasing demand for online shopping and fast delivery services, there has been a surge in the construction of modern warehousing and logistics facilities. These state-of-the-art warehouses are strategically located to facilitate quick and efficient distribution, catering to the needs of both local and international e-commerce giants.2. Smart Industrial WarehousesDubai is embracing the concept of smart cities and this extends to its industrial real estate sector. Industrial properties are now incorporating advanced technologies such as IoT (Internet of Things), automation and data analytics to optimise operations. Smart warehouses equipped with real-time tracking systems, autonomous vehicles and energy-efficient solutions are becoming the new standard.3. Sustainable Industrial Real EstateSustainability is a global trend, and Dubai's industrial property market is no exception. Developers and businesses are increasingly focusing on environmentally friendly solutions. This includes the construction of green industrial buildings, the use of renewable energy sources and the implementation of eco-friendly practices to reduce the carbon footprint of industrial operations.4. Expansion of Free ZonesDubai's free zones continue to be a magnet for industrial businesses. These economic zones offer tax incentives, full ownership rights and streamlined bureaucratic processes, making them attractive for local and international investors. The expansion of free zones has led to an influx of industrial businesses, further boosting the demand for industrial properties in these areas.5. Diversification of Industrial SectorsDubai's industrial property market is diversifying beyond traditional industries like manufacturing and logistics. It's witnessing growth in sectors such as aerospace, technology and healthcare. This diversification not only expands the market but also brings innovation and specialisation to the industrial landscape.In conclusion, Dubai's industrial property market is evolving rapidly, driven by factors such as e-commerce growth, smart technologies, sustainability, free zones and diversification of industries. These trends are not only reshaping the market but also presenting exciting opportunities for investors, developers and businesses looking to be a part of this dynamic sector. As Dubai continues to embrace innovation and growth, its industrial property market is likely to remain at the forefront of the region's economic development.

Dubai, the glittering gem of the Middle East, is known for its opulence and grandeur. It's a city where luxury knows no bounds and this is perfectly mirrored in its retail landscape. In this blog post, we will take a deep dive into the world of luxury retail in Dubai, specifically focusing on the high-end commercial properties that define the city's luxury shopping experience.The Allure of Luxury Retail in DubaiDubai's emergence as a global luxury retail hub has been nothing short of remarkable. The city has transformed itself into a haven for high-end fashion, jewelry and lifestyle brands. A few factors contribute to Dubai's allure in the luxury retail sector:Wealth and Affluence: Dubai boasts one of the highest concentrations of high-net-worth individuals globally, making it a prime market for luxury brands. The city's cosmopolitan residents and affluent tourists are eager patrons of luxury goods.Tourism: Dubai's tourism industry thrives on luxury experiences, from lavish hotels to high-end shopping. The city welcomes millions of tourists each year, many of whom come with an appetite for luxury shopping, which has created a lucrative market for luxury retailers.Tax-Free Shopping: Dubai's duty-free shopping is a significant draw for international visitors. The absence of sales tax makes luxury goods more affordable, attracting shoppers from around the world.High-End Commercial Properties in DubaiLuxury retailers in Dubai are not confined to standalone stores but often reside in extravagant commercial properties that redefine the shopping experience. Here are some iconic examples:The Dubai Mall: As one of the world's largest shopping malls, The Dubai Mall is a mecca for luxury retail. Home to more than 1,300 shops, it houses flagship stores of renowned brands such as Chanel, Louis Vuitton and Gucci. The mall's opulent interiors and impressive facilities make it a top choice for luxury shoppers.Mall of the Emirates: Featuring over 600 brands, Mall of the Emirates is renowned for its indoor ski slope, Ski Dubai. Luxury retailers like Burberry, Versace and Cartier find their place in this shopping paradise.The Galleria on Al Maryah Island: Located in Abu Dhabi, but worth mentioning for its proximity to Dubai and its luxury offerings. This upscale mall features luxury brands like Prada, Dior and Dolce & Gabbana, set against the stunning backdrop of Abu Dhabi's skyline.Challenges and OpportunitiesWhile luxury retail in Dubai enjoys tremendous success, it's not without its challenges:Competition: Dubai's luxury retail market is highly competitive, with brands vying for the attention of discerning customers. Staying unique and maintaining brand exclusivity is a constant challenge.Economic Volatility: Dubai's economy can be subject to fluctuations due to its reliance on oil prices and regional stability. Luxury retailers must navigate these economic uncertainties.Changing Consumer Preferences: Luxury consumers are evolving. They now seek more than just products; they want immersive shopping experiences and sustainability. High-end commercial properties must adapt to meet these changing preferences. 

In the dynamic landscape of Dubai's real estate market, the second quarter of 2023 witnessed a remarkable resurgence of Norwegian investors in the commercial property sector. Emerging as the second-largest group of buyers, they made an impressive comeback after being largely absent since before the Covid-19 pandemic.According to our latest report at CRC, the number of sales transactions in Dubai's commercial sector surged to 3,080 in Q2 2023, signifying a significant year-on-year increase of 22 percent. This resurgence points towards a renewed confidence in Dubai's commercial property market and reflects the city's attractiveness as a global investment hub. Furthermore, the value of commercial property deals in the second quarter rose substantially by 101%, reaching an impressive AED 21.4 billion ($5.8 billion). This substantial increase in deal value indicates the growing interest and trust of international investors in Dubai's commercial real estate segment.The Indian investors continued to be the most active in the commercial sector, reinforcing their dominant position in the market. However, the notable development in Q2 2023 was the resurgence of Norwegian buyers, securing the second spot among the top buyers of commercial property. Their strong return after a period of relative inactivity underscores the allure of Dubai's business landscape and signals a renewed appetite for commercial property investments.The presence of British and French investors as the third and fourth largest buyer groups respectively indicates the diverse international interest in Dubai's commercial real estate market. This diversity in investments highlights Dubai's global appeal as a thriving business and financial center.Completing the top five buyer groups were Russian investors, emphasising the market's attractiveness to a wide array of international investors. Dubai's strategic location, world-class infrastructure, and business-friendly environment continue to be key factors contributing to its status as a preferred destination for commercial property investments.