Dubai Maritime City (DMC) 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 the leasing revenue of the same period last year. Some 72% of the leases were signed after February, with ship repair and marine manufacturing the fastest-growing segments.
Companies in Dubai Maritime City can choose a one-year renewable lease or a 25-year Musataha agreement to build their own ship repair or shipbuilding workshops; tenants of prebuilt units are already operating, while Musataha plots are under construction. Dubai ranks first in the Arab world and 11th globally in the DNV and Menon Economics Leading Maritime Cities Report.