Abu Dhabi’s industrial sector continued to thrive, as per the latest Q1 report.

The capital’s industrial market saw an upward trajectory due to strategic government initiatives, investments, and a commitment to technological advancement.

The report shows that: 

• The non-oil economy exhibited robust growth of 9.1%, and real GDP increased by 3.1% in 2023 compared to 2022.
• The leasing activity was primarily concentrated in ICAD, Mussafah, and KEZAD, and rents across the city rose by 2% quarter-on-quarter on average.
• Close to a million square feet of space is slated for completion in 2024 across the city.

Read the full detailed report and to find out why a substantial 14% year-on-year rental growth was also noted in high-specification assets