Dafza records 27% rise in new rental revenues

DUBAI / WAM

Dubai Airport Freezone Authority (Dafza) announced strong business results for first half of 2018, showing an 11 percent growth in Earnings Before Interest, Depreciation (EBID) in comparison with same period of 2017 and a growth of new rental revenues by 27 percent.
The results include a 10 percent increase in licensing revenues and a 31 percent increase in revenues from government services, resulting in a total revenue growth of eight percent in comparison to H1 2017.
The positive figures have been delivered as a result of Dafza’s strategic plan set in early 2017, which comes in line with the objectives of the Dubai Plan 2021. One of the key elements of the plan is to support Dubai in becoming one of the most innovative and progressive cities that hosts world-class free zones across the globe.
Dafza achieved a solid 15 percent growth in number of registered companies over the same period in 2017, providing the ideal environment for attracting more foreign investors, long-term investment, business activity and development as well as world-class infrastructure, services and logistics facilities.
Commenting on the results, Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dafza, said, “ Dafza’s remarkable performance results for H1 2018 showcase the expected success of the plans developed by Dafza to promote sustainable economic development in the emirate. It is also the result of the initiatives and investment incentives launched by the Government of Dubai which have been guided by the wise leadership in order to attract foreign direct investment from international companies.”
The success witnessed by Dafza came with a steady increase in leasable area reaching 43 percent compared to 2017, with a 63 percent growth in warehouses and 29 percent increase in office space. A 5 percent increase was also seen in the number of multinational companies at Dafza, which is a direct result of the high-quality services provided by Dafza that enable businesses to expand in the Middle East, Africa and Central Asia markets and explore the high investment opportunities in the region.