CARS24 leases ten lakh quare feet commercial space in Jebel Ali

07 Dec 2021 CW Team

With a company value of more than $2 billion, CARS24 is reforming the way pre-owned cars are purchased in the UAE through their next-generation e-commerce platform for old cars. The new space will be used to expand their works in Dubai.

Abhinav Gupta, the CEO of the Gulf Region at CARS24, told the media that this is a milestone for them in the UAE and it will surely be one of the highlights of their presence in this market. In just six months they have sold 2000 plus pre-owned cars and they now want to upgrade their business to the next level.

Knight Frank, the leading global real estate consultancy company has brokered the deal. Andrew Love, partner and head of commercial agency Knight Frank Middle East, told the media that the new commercial site will help them well over the following years and would provide them with the added capabilities to develop and expand their business.

The pandemic has catalysed a transformation in consumer shopping habits, with many swapping online purchasing. The UAE e-commerce retail market was evaluated to be worth a record $3.9 billion in 2020, a 53% jump in value in 2019.

The Dubai Chamber of Commerce and Industry predicts that this figure will increase to $8 billion by 2025, indicating an extended time of strong demand for warehouse facilities from the nation's retailers. Prime headline office rents in Dubai have begun to stabilise, but overall, rents remain at 9-year lows, leaving occupiers constantly in the driving seat.

Knight Frank emphasises that business confidence in the UAE has been a crucial factor in developing conditions, with the latest PMI figures revealing maintained business expansion activity for seven consecutive months, emphasising the positivity percolating through the economy as it shakes off the lingering influence of the pandemic.

Image Source

CARS24, India’s largest e-commerce platform for pre-owned vehicles has leased a 1,000,000 sq ft commercial space in Jebel Ali, with a total deal value over AED 40million, in one of Dubai’s largest-ever leasing contracts on record. With a company value of more than $2 billion, CARS24 is reforming the way pre-owned cars are purchased in the UAE through their next-generation e-commerce platform for old cars. The new space will be used to expand their works in Dubai. Abhinav Gupta, the CEO of the Gulf Region at CARS24, told the media that this is a milestone for them in the UAE and it will surely be one of the highlights of their presence in this market. In just six months they have sold 2000 plus pre-owned cars and they now want to upgrade their business to the next level. Knight Frank, the leading global real estate consultancy company has brokered the deal. Andrew Love, partner and head of commercial agency Knight Frank Middle East, told the media that the new commercial site will help them well over the following years and would provide them with the added capabilities to develop and expand their business. The pandemic has catalysed a transformation in consumer shopping habits, with many swapping online purchasing. The UAE e-commerce retail market was evaluated to be worth a record $3.9 billion in 2020, a 53% jump in value in 2019. The Dubai Chamber of Commerce and Industry predicts that this figure will increase to $8 billion by 2025, indicating an extended time of strong demand for warehouse facilities from the nation's retailers. Prime headline office rents in Dubai have begun to stabilise, but overall, rents remain at 9-year lows, leaving occupiers constantly in the driving seat. Knight Frank emphasises that business confidence in the UAE has been a crucial factor in developing conditions, with the latest PMI figures revealing maintained business expansion activity for seven consecutive months, emphasising the positivity percolating through the economy as it shakes off the lingering influence of the pandemic. Image Source

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Real Estate

29 Oct 2025

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Infrastructure Transport

29 Oct 2025

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..