Dubai Maritime City leases 572,000 sq.ft in 9 months as revenue rises sixfold

Dubai Maritime City (DMC) has signed 18 new leases in the first nine months of 2026, covering over 572,000 sq. ft of industrial and commercial space and generating six times more revenue than the same period last year. Ship repair and marine manufacturing have emerged as the fastest-growing segments at DMC. Businesses at DMC lease under one of two structures: a one-year agreement renewable annually or a 25-year Musataha agreement, under which they can develop their own ship repair or shipbuilding workshop on the site. Companies taking prebuilt units this year are already operational, while plots secured under Musataha agreements are in the construction phase. The new leases reflect continued confidence in Dubai as a long-term base for regional and international markets, with 72 percent of the leases signed post February. Ahmed Al Hammadi, COO of DMC, said, “Companies are choosing to build their facilities here, take on long-term commitments and invest in equipment and infrastructure, which tells us Dubai gives them the certainty they need to plan ahead. For shipowners and operators, that translates into deeper repair capacity, shorter turnaround times and more of the services they need in one place.”Dubai ranks first in the Arab world and 11th globally in the Leading Maritime Cities (LMC) Report by DNV and Menon Economics. Earlier this year, DMC also launched its second Maritime Business Centre, an AED160 million premium commercial tower that expands Grade A office capacity within Dubai’s maritime and trade ecosystem. WAM

Publication

Gulf Today - Business · Business News

Published

13th October 2026

Original report

gulftoday.ae

ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.