Introduced during Gitex Global 2024, the Warehouse Platform known as the "Airbnb of warehouses will act as a centralized marketplace where warehouse owners may post listings and leases of their assets. By providing a seamless solution for owners to promote and lease their properties, the platform would streamline the whole leasing process and accommodate a range of warehouse kinds, including dry and air-conditioned facilities.

By giving consumers an easy-to-use interface whereby they may search for accessible properties depending on parameters such size, location, kind, and lease period, the website seeks to meet the growing need for warehouse space. In the competitive industrial and logistics market of the United Arab Emirates , this invention is intended to save possible renters both time and effort as they hunt for appropriate storage facilities.

This project coincides with a period of time when demand for warehouses in Dubai much surpasses supply. A December 2023 research by global real estate consultant Knight Frank claims that the industrial sector of Dubai is severely lacking warehouse space, Comparatively to the 9.9 million square feet of additional needs noted in the first nine months of 2023, the survey found that just 1.56 million square feet of warehouse space are now under development, This supply-demand mismatch has driven up rental rates, especially in important industrial sectors like Jebel Ali, where Grade B leases rose by 38.5% over the past year.

Both bonded and non-bonded warehouses will be served by the new site, which will let owners within and outside free zones list their assets for a fee which will be revealed later. Using secured blockchain technology rates established by the owners themselves the platform will guarantee openness in the pricing and leasing process, Like Airbnb lets homes rent out, this gives warehouse owners a chance to make money from unneeded space.

An official from Gitex Global compared the platform to Airbnb, saying that warehouse owners may post their accessible space on it, To have their listing accepted by Dubai Customs, they will have to satisfy specific criteria like posting pictures and other pertinent information.

Leasing bonded warehouses customs-controlled areas used for commodities under deferred customs duties—is one of the main offerings of the platform, While items are stored in these warehouses, this function will let companies postpone paying customs taxes for up to three years. Should the items be re-exported outside the UAE within that period, customs taxes are not paid and the deposit is released free from charge. The customs duty will be paid, nonetheless, should the items be sold locally.

The launch of this platform is expected to relieve the strain of great demand in the warehouse leasing industry and offer a more open, quick, and flexible answer for tenants as well as warehouse owners. It also fits Dubai's goal of improving its industrial and logistical sectors by means of digital transformation and innovation, thereby providing a more ordered means of warehouse management and leasing, Dubai customs wants to keep rigorous regulatory control to guarantee compliance with customs rules, particularly for bonded warehouses, but nevertheless making the process more efficient and accessible by offering a unified marketplace for warehouse listings.

Dubai Customs innovative project, the Warehouse Platform not only meets the growing need for warehouse space but also modernizes the leasing procedure by means of cutting-edge digital tools, By offering a more effective, open, and easily accessible method for warehouse leasing across the UAE, this platform is likely to become increasingly important for the logistics and industrial sectors of Dubai.

Dubai to introduce digital platform for leasing warehouse properties easily

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