Cavendish Maxwell

Industry News

Dubai Warehouse Tenants Prioritise Renewals as Regional Conflict Drives Cautious Leasing

Dubai warehouse tenants are opting to renew existing leases rather than commit to new spaces amid regional geopolitical uncertainty. Data from Cavendish Maxwell shows warehouse lease renewals surged 21.6% to a record high in the first half of 2026, while new lease contracts dropped 51.8% year-on-year. Despite the cautious sentiment, average rents in Dubai increased 12.4% over the same period.

China–UAE News

Gulf Tourism Rebounds as Dubai Targets Chinese Visitors and Industry Partnerships

More than 2,800 exhibitors participated in the Arabian Travel Market 2026 in Dubai, where the "Nihao! China" pavilion facilitated business negotiations between Chinese and foreign tourism entities. Data from the Dubai Department of Economy and Tourism shows Dubai welcomed 6.97 million international overnight visitors in the first eight months of 2026, with August recording 869,000 visitors. Dubai tourism officials are strengthening partnerships with Chinese digital platforms, including Ctrip, Xiaohongshu, and Meituan, to encourage the return of Chinese travelers.