UAE: SOFTENING RENTS GOOD OPPORTUNITY FOR LOGISTICS SECTOR


Jebel Ali Port in Dubai

The dwindling buying power of consumers, owing to slow economic growth, is adversely affecting trading companies and putting pressure on average industrial rents in the UAE. Though rents have plunged in the first two quarters of 2019, this is seen as an opportunity for firms to scale up their businesses.

Average headline industrial rents have softened in Abu Dhabi and Dubai by 12.1 percent and 4.8 percent respectively in the first two quarters of 2019, according to global real estate consulting and research firm Knight Frank.

Click here to read from the original article on Zawya news website - a Thomson Reuters company.

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