Dubai witnesses rise in industrial rents: report

July 30, 2014 4:48 pm

According to global real estate consultancy, Knight Frank, industrial rents in Dubai saw a 25% year-on-year rise in the second quarter, while rental values across seven out of nine districts have recorded double digit growth, Gulf News has reported. Class 2 buildings in Dubai Investment Park (47%), Jebel Ali (39%) and Ras Al Khor (36%) all saw double digit rental growth in the April to June period, according to Knight Frank. Meanwhile, Class 1 buildings in Dubai Investment Park, Jebel Ali Free Zone (Jafza) and Al Quoz recorded rental growth of 29%, 12% and 9%, respectively, the report said.