Supply of warehouse space is set to expand with demand in the coming years
The executive council announced in January 2012 that it had approved the budget for infrastructure works for khalifa port and the development of Kizad industrial zone, which will also house a warehouse and logistics park.
The industrial real estate market is not over-supplied. With high demand and relatively low supply, new developments continue to come onto the market.
According to El Fatih Said, the CEO of Abu Dhabi Business Hub (ADBH), there is still a gap in the market for grade-A warehouses and industrial space. “This is a segment of the real estate industry that was overlooked during the construction boom in recent years, but still deserves significant attention,” he told OBG
Read more:”The Report Abu Dhabi 2013” published by Oxford Business Group; Real Estate Analysis.