2024年迪拜和阿布扎比工业市场回顾25

In 2024, while global geopolitical tensions and conflict persisted; the UAE remained a pillar of stability. Thisresilience reflected in robust economic growth and heightened business confidence, translating into ‘greenarrows’ across all real estate sectors in the UAE. The growing economy lead to an influx in demand for theindustrial and logistics sector, evidenced by our team registering a record 40.6 million sqft of new industrialand logistics requirements in 2024. To give context, this translates to a 225% rise on 2023, as the sector continuesto play a vital role in supporting the country’s growing population.As a result, both rents and capital values have continued to climb. In Dubai, rents have surged by an average of33% 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, first announced in 2008. Dedicatedfreight trains now provide a vital cargo link between the emirates and the completion of this phase of the networkhas catalysed demand around Etihad Rail hubs. Separately, major ports, including Jebel Ali in Dubai and KEZADin Abu Dhabi, have expanded their offerings to capture the increasing demand.Looking ahead, a significant development for Dubai is the planned relocation of the city’s primary airport to AlMaktoum International in Dubai South by 2034. This includes the transfer of all Emirates Airlines operationswhich is already impacting on the availability of land for industrial and logistics. This move, while hugely positivefor the future of the city and its economy, will put further upward pressure on rents and values as Dubai continuesto grapple with a shortage of prime land and high-quality warehousing space.The UAE continues to punch well above its weight and is now the world’s 27th largest economy – an impressiveachievement despite its relatively small land area. Nonetheless, the country has cemented its position on theworld stage as a leading centre for manufacturing and import/export as it continues to be a key target for globaloccupiers who are actively seeking new opportunities, catalysing development activity and boosting warehousingrates.In our annual review of the UAE’s industrial and logistics landscape, we explore the key demand drivers, emergingtrends, and provide our outlook for the sector in 2025.I invite you to explore our analysis and welcome the opportunity to discuss the findings with you in more detail.FOREWORDADAM WYNNE, MRICSPARTNER - HEAD OF COMMERCIAL AGENCY, DUBAIThe UAE continues to punch well above its weight and isnow the world’s 27th largest economy – an impressiveachievement despite its relatively small land area.Nonetheless, the country has cemented its position onthe world stage as a leading centre for manufacturingand import/export as it continues to be a key target forglobal occupiers. Dubai and Abu Dhabi Industrial & Logistics - 2024 Annual Review Dubai and Abu Dhabi Industrial & Logistics - 2024 Annual ReviewSteady economic growthTheUAE’s non-oil sectors have shown remarkableadaptabilityandresilience,asevidencedbythecountry’sPMI reading, which climbed to 55.4 in December, thehighest level since August 2024, underpinned by asharp increase in new business orders. The Decemberreading also marks 48 consecutive months of a readingof over 50, indicating sustained business expansion andgrowth.In Dubai, the non-oil sector PMI reading climbed to 55.5in December, hitting a fresh nine-month high.Elsewhere, Abu Dhabi’s Industrial Strategy continuesto unfold. Plans are well underway to double the sizeof the industrial sector to AED 172bn by 2031, includingthe creation of 13,600 skilled jobs. Over the past year,the emirate issued 16.6% more industrial licenses, with283 new licenses granted as of mid-2023.The government of Abu Dhabi is actively working withinternationaloccupiers to facilitate and ease theirentry, while continuing to also invest in growing AbuDhabi’s industrial offerings.FDI as a key driverForeigndirect investment(FDI)continues to playa pivotal role in the UAE’s economic strategy. Thecountry’s NextGen FDI program, launched in 2022,has bolstered its position as a hub for global trade andinnovation.The value of FDI inflows to the UAE in 2023 amountedto almost US$ 30.7bn compared to US$ 22.7bn in 2022,the second highest inflow recorded globally.In 2024 the FDI inflows were projected to reach a newrecord high of US$ 35bn.Dubai attracted US$ 9.8bn in FDI capital in 2023 andUS$ 6bn in the first half of 2024. High and mediumtech industries dominated, accounting for 57.4% of allinflows, followed by financial services (21.0%), businessservices (17.0%) and software & IT services (9.4%).Foreign trade expansionIn 2024 the UAE’s foreign trade exceeded AED 2.8trillion (US$ 762.3bn) for the first time, marking asubstantial increase from previous years. This growthis attributed to the nation’s strategic trade agreementsand diversification efforts.Not