Dubai Maritime City signs 18 agreements

The article pertains to Dubai Maritime City signing 18 new lease agreements during the first nine months of 2026, covering over 572,000 square feet of industrial and commercial spaces. Rental income has increased sixfold compared to the same period last year. This reflects the confidence of tenant companies in Dubai as a long-term hub for maritime services and manufacturing, especially in the rapidly growing sectors of ship repair and maritime manufacturing. The companies follow either renewable one-year lease models or 25-year usufruct agreements, allowing for the development of workshops and facilities. The city has also launched a new luxury maritime business center at a cost of 160 million AED to enhance office capacity. Dubai is considered one of the world's top maritime shipping centers, ranking first in the Middle East and 11th globally. Continued growth in demand for industrial and commercial spaces is expected to further solidify Dubai’s position as a leading global maritime hub.

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