Jebel Ali Free Zone valued at Dh16.52bn

Dubai’s Jebel Ali Free Zone (Jafz), which encompasses 57 million square meters of land, has been valued at over Dh16.52 billion ($4.5 billion), Knight Frank Dubai said in a statement on Sunday.

“It is our understanding that the Jebel Ali instruction represents the largest valuation ever undertaken by Knight Frank globally of a single asset having a value of over $4.5 billion,” said Stephen Flanagan, partner, commercial valuations team, Knight Frank.

DP World undertook the valuation as part of the planned acquisition of Economic Zones World.

 Jafz is set around Jebel Ali Port, comprises a total of 14,000 tenancies, 32 million square metres of land, over 1,000 warehouses, more than two million square feet of office space, 9,000 rooms of worker accommodation, a hotel and convention centre, showrooms and retail assets.
 

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