UAE logistics sector stable despite oil prices fall

When it comes to global logistics, no one does it better than the UAE. That’s according to property consultants Knight Frank, who say the UAE’s industrial rents are remaining stable, despite a fall in oil prices. Over the last 6 months, there has been approximately 4% growth in rentals on average across the industrial districts being tracked in Dubai. According to their latest report on the UAE Industrial and Logistics sector, Dubai’s ports and airports, legislation and infrastructure make it an ideal supply and re-distribution gateway. Additionally, over four billion people live within eight hours flight from Dubai, including major markets in Africa and Asia, strengthening the emirate's position as a global hub. Meanwhile, Abu Dhabi's industrial sector continues to be driven by oil and gas. "The lack of quality accommodation being in short supply across the industrial market is one of the key reasons for rentals rates holding Q4, 2014 levels," William Neill, Partner, Commercial Leasing said.