In the first nine months of 2026, Dubai Maritime City (DMC) inked eighteen new leases totalling more than 572,000 square feet of commercial and industrial space, bringing in six times as much as it did over the same period the previous year. The two areas at DMC that are expanding the fastest are ship maintenance and marine manufacturing. Companies at DMC can choose between a 25-year Musataha agreement, which allows them to create their own ship repair or shipbuilding workshop on the property, or a one-year lease that is renewable every year. Plots acquired under Musataha agreements are currently under development, while businesses using prebuilt units this year are already in operation.
72% of the new leases were signed after February, demonstrating the ongoing trust in Dubai as a long-term foundation for regional and global markets. “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,” stated Ahmed Al Hammadi, COO of DMC. Deeper repair capacity, quicker turnaround times, and more services in one location are all benefits for shipowners and operators.
According to DNV and Menon Economics’ Leading Maritime Cities (LMC) Report, Dubai is ranked first in the Arab world and eleventh internationally. The second marine Business Center, an AED 160 million high-end commercial tower that increases Grade A office capacity inside Dubai’s marine and commerce ecosystem, was also introduced by DMC earlier this year.
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