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.
