The sectors of the Office of Industrial Real Estate and the Industrial Office of Abu Dhabi are thriving with the rental rates by increasing in the middle of the growing demand, new regulatory flexibilities and greater development activity, Chordination for Savills Middle East
According to its latest report from the ABU Dhabi commercial property market, the number of economic licenses issued in the continent increased by 16 percent in 2024, while active licenses in non -financial free areas grew by 22 percent.
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Abu Dhabi Commercial Real Estate
The report indicates the sustained demand for grade A office space, which leads to high occupancy levels in several developments.
The International Tower, the Daman House and the Baniyas tower are operating in full occupation, while the occupation within ADGM has reached 97 percent.
The number of operational entities within ADGM increased to 2,088, including 231 financial services companies, 31 percent more compared to H1 2023.
In terms of rental performance, the external degree office buildings of external CBD and CBD registered an year -on -year increase or 8 percent in the fourth quarter of 2024.
Notable individual buildings saw greater growth:
- Gate Capital Tower: 14 percent
- Addax Tower: 13 percent
- ADGM: 12 percent
AdgM office rental rates vary between AED2,600 ($ 708) and 2,900 AED ($ 7909) per square meter per year.
Stephen Forbes, Chief of Abu Dhabi, Savills Middle East, said: “The demand for occupants in Abu Dhabi remains strong, especially within key sectors such as financial services, consultations and technology.
“As a result, we continually see high occupation rates in bodies to well located. The introduction of regulatory changes and the expansion of infrastructure is contributing to a sustained interest in the Emirate.
“In parallel, the industrial sector has also seen impressive growth, with an average rental river 25 percent year -on -year, driven by a strong demand for third -party logistics, electronic commerce and retail occupants.”
Looking towards the future, more than 100,000 square meters or the supply of the new office in 2025 are expected to be delivered, including developments such as Masdar City Square and Yas Place, which have already registered healthy levels of commitment.
The industrial and logistics sector also recorded remarkable activity. According to the report, the average market is rented by 25 percent year -on -year in 2024, with submarkets such as Kezad that experiences rent increases or 38 percent.
Mussafah, Icad and Kezad reached or exceeded AED500 ($ 136) per minimum meter per year. Key demand drivers include third parties logistics (3PL), electronic commerce and retail operators.
The main ads in H2 2024 included a Logistics and Logistics Park AED5BN ($ 1.36 billion) by Mubadala and Aldar, and an AED320m warehouse installation ($ 87.2m) by Adafz and Radius, delivery.
Kezad also praised development or 250,000 square meters, scheduled for completion in the fourth quarter of 2025.
Savills Middle East points out that, although the next offer can relieve some pressure, the demand for specialized and high quality facilities is expected to remain firmly acroh, both the office and the industrial segments.
