Monday, April 29, 2019
Once, the new 10-year UAE visas and changes to the UAE company ownership laws were introduced, the property market did experience a boost. This boost was mainly in terms of sale. Thus, more business owners are expected to set up shop in the UAE. In case you are considering the possibility of setting up a business in Dubai, you must look into the top areas to purchase commercial property in the city.
The growth of Dubai's commercial property sector has been driven by a rise in the demand for the right space, the right location and the right price. The popularity has been led by economic growth. This has been driven by the preparations for Expo 2020 Dubai. The great performance of the retail, hospitality and tourism sectors also plays a vital role.
Here are the best places to buy commercial property in Dubai:
Business bay is full of beautiful offices that are available for sale. This clearly takes the first position for both renting and buying commercial properties in Dubai. Thus, Business Bay is the most popular area in the city’s commercial property market.
The area is highly cosmopolitan and fast-paced. Also, it is one of the most well-connected areas as DIFC, Al Safa, Jumeirah, and Sheikh Zayed Road is just a short drive away. When it comes to business owners, it gets easier for them to travel frequently since this area is just a 15-minute drive away from the Dubai International Airport.
Business Bay is serviced by its own metro station that is known as Business Bay. Thus, catching a cab or a bus is easy. Thus, it is highly accessible. Also, Business Bay offers investors a good variety of commercial property types for sale. These range from office spaces and commercial floors, to shops for sale and bulk units. Additionally, Business Bay is a fabulous area to live in. This is because it has a bunch of great residential units for rent and sale.
JLT is a popular hub for visitors. One of the major reasons is that this area has plenty of restaurants. JLT is a favorite when it comes to areas with commercial properties in Dubai.
JLT offers business owners a vast collection of commercial spaces for sale and rent. JLT is a free zone in itself. It is the most prominent contributor to the popularity of this area. Thus, business owners benefit from the ease of working with similar businesses. Also, this region lies in a popular metropolitan area in the city.
JLT certainly provides a varied mix of some of the top commercial properties for sale in Dubai. This includes offices, commercial floors, shops, etc. There are plenty of residential units in JLT that are available for rent. You can also get many options when it comes to commercial properties. You can very well have an office that lies close to home. This area is serviced by a metro station. It has a good number of supermarkets, banks, and ATMs. Thus, this area is self-sustainable.
Jebel Ali forms the hub for industrial activities in Dubai. When you have a business that is active in trade, logistics, and manufacturing, then investing in the commercial properties in Jebel Ali might just be your top favorite. Jebel Ali is located on the southern outskirts of Dubai. It is said to be one of the most prominent commercial port and business hub in the city. It hosts the Jebel Ali Free Zone. It is home to more than 7,000 companies that are active in a range of diverse industrial and service sectors. This area also consists of the Jebel Ali port. It is known to be the busiest port in the Middle East. If you are a business owner, you can choose from a range of commercial properties for sale in Dubai’s Jebel Ali District. This includes labor camps and warehouses for sale. Also, it contains many commercial plots, factories, and industrial land.
This area has a mix of residential and commercial units. International City is one of those areas where you can find the most affordable housing options in Dubai. In this area, the buildings are divided into 10 clusters. These are named after countries. This self-contained neighborhood has all the necessities. It offers a relaxed lifestyle.
International City is the ideal place to invest in the commercial property market. After all, it does provide benefits such as easy access to the Ras Al Khor Industrial Area and the possibility of owning a commercial space that lies close to the home.
Dubai Marina provides a grand lifestyle. This neighborhood is pretty upscale. Though this area is a residential complex that offers many leisure activities, it is a hub for commercial activity as well. Dubai Marina’s exclusive Riviera lifestyle offers a new experience for business owners who wish to invest in offices for sale. These have spectacular waterfront views as well.
Dubai Marina’s strategic location also plays a role. This allows easy access to the city’s popular business districts of Dubai Media City, Dubai Internet City, JLT and JAFZA too.
Here are some major tips that you must consider if you are an investor or a tenant:
You must ensure that you have all your documents ready. You must have your business license. It should be updated and ready for submission when you decide to buy or rent a commercial space. Try to understand the parameters of your license. This will help you make the right decision.
Try to understand the local real estate market. This will help you set your budget. Also, you will be able to find the right location where you want to buy or rent.
You must ask yourself how much office space is needed for your business. Try to develop an understanding of the space needed. This will help to figure out if the price offered is reasonable.