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

08 Oct 2025

Rajasthan Adds 135 New Buses To Strengthen Public Transport

Rajasthan Chief Minister Bhajan Lal Sharma on Sunday flagged off a new fleet of Rajasthan Roadways buses from Amar Jawan Jyoti, marking a significant step towards modernising the state’s public transport network. The Chief Minister inaugurated 128 Blue Line buses and seven rural buses, designed to enhance connectivity and improve travel comfort across the state.The event was attended by Deputy Chief Minister Dr Premchand Bairwa and Member of Parliament Manju Sharma. The new fleet complies with the latest emission standards and incorporates modern technology to ensure efficiency and environme..

Infrastructure Transport

08 Oct 2025

Patna Joins India’s Metro Map With Blue Line Launch

Patna, the capital of Bihar, officially joined India’s growing list of metro cities as Chief Minister Nitish Kumar inaugurated the first phase of the Patna Metro Rail on Monday. The inaugural section of the Blue Line runs from the Inter-State Bus Terminal (ISBT) to Bhoothnath, covering three key stations — Patliputra ISBT, Zero Mile, and Bhoothnath.The inaugural ceremony was held at the Patliputra Bus Depot, attended by Deputy Chief Ministers Samrat Choudhary and Vijay Kumar Sinha. Passenger services are set to commence from Tuesday.For now, commuters will be able to travel along a 4.3-kil..

Infrastructure Transport

08 Oct 2025

Kochi Water Metro To Launch Mattancherry Route By Mid-October

The Kochi Water Metro is set to commence ferry operations between the city and Mattancherry by mid-October, offering much-needed relief to commuters long troubled by traffic bottlenecks along narrow city roads and bridges.The new route, extending from the High Court terminal, follows Kochi Water Metro Limited (KWML)’s preparation to commission the long-awaited ferry terminals at Mattancherry and Willingdon Island, both key nodes in the city’s water transport network.According to KWML Chief Operating Officer Sajan John, the Mattancherry terminal will feature floating pontoons capable of ber..