Wednesday, March 20, 2019
Dubai is pretty much on its way towards transforming into the greatest commercial hub ever. The environment of Dubai is just conducive to the growth of new businesses. Many business owners are wanting to set up a business in the city.
Here are the top areas to rent offices in Dubai:
The offices in this area are the most popular when it comes to office rentals in Dubai. The offices for rent in Business Bay take the top spot to rent offices in Dubai. Business Bay is known to be Dubai’s more convenient location. It has a central location to all of the city’s popular commercial and residential areas. These areas include downtown Dubai and Jumeirah. Business Bay also has close proximity to the Dubai Metro. Thus, it can be stated that Business is an ideal place to rent an office.
Business Bay is home to a lot of residential buildings as well. This makes it perfect for business owners living in Business Bay who can have their office close to home. In this area, the popular buildings to rent offices are the Oberoi, Iris Bay, The Exchange, and Burlington.
JLT Metro is one a very common form of transportation. The offices for rent in JLT can be easily accessed by the metro. This area offers fabulous waterfront views from the towering skyscrapers. It also has a good set of leisure options and multi-purpose facilities. This area takes the second position for renting offices in Dubai. JLT forms the ideal place for renting an office space. This is mainly because the area is a free zone. Thus, business owners can easily interact with other businesses within the vicinity.
Similar to Business Bay, JLT has a diverse range of properties, starting from residential towers to commercial ones. The residential towers come equipped with a complete set of amenities and facilities. Thus, being a resident of JLT, you can get an office space close to your home. Traveling to and from JLT is easy. This is because the area is serviced by two Metro station, namely Damac Properties and DMCC. This area is well connected by public transportation as well. The taxis are easily available from the area. This makes it one of the most convenient places in Dubai to rent offices. Jumeirah Business Center, Mazaya Business Avenue, Jumeirah Bay X2, Goldcrest Executive and Fortune Executive Tower are some of the most popular buildings to rent offices in JLT.
This is the third most popular area in Dubai to rent offices. This area offers a diverse range of properties when it comes to office rentals. Business owners can actually pick from a range of office spaces, single workspaces and commercial workplaces for rent. The metro stations on the highway lie at 5-minute intervals. Also, the presence of popular hotel such as Sheraton makes it easy to hail a cab. This region also has many popular eateries, supermarkets, and banks.
Latifa Tower, Nassima Tower, Aspin Commercial Tower, Emaar Business Park, and Dubai Tower are some of the most favored properties in this region.
Undoubtedly, the Deira Clock Tower is one of the most prominent landmarks in Deira. It contains plenty of commercial offices. Deira is known as the oldest commercial district in Dubai. It takes the fourth spot for renting offices in Dubai. If you have a business that is based on the trading industry, then you can consider renting an office in Deira. It can prove to be one of the best decisions taken!
This area has some of the most popular souks in Dubai. It is a prominent trading hub, that is highly reputed among tourists and residents. It is also a very prominent area with expat residents. This is mainly because it offers some of the most affordable residential properties for rent in Dubai. The popular areas include Port Saeed, Naif, Hor Al Anz, Al Murar and Abu Hail.
Bur Dubai contains plenty of residential and commercial properties for rent in Dubai. It is a very well-known area of office rentals amongst the expat community in Dubai. After all, this is the area where the pearl merchants used to reside.
Bur Dubai has a vast range of residential as well as commercial properties for rent. These properties pretty much come in varying specifications. Areas like Oud Metha, Khalif Bin Waleed Road, Al Fahidi, Al Raffa and Umm Hurair are gaining more and more attention with every passing day. One of the main reasons behind this insane popularity is that this area is well connected by the RTA buses, taxis, and metro. This certainly makes traveling highly convenient. Also, the banks are located in every corner that makes it an ideal area to consider rental offices in Dubai. Usually, the average price for renting an office in Bur Dubai is at AED 119k.
In case you are a new business owner looking to set up a business in Dubai, you must have an idea about the top areas for office rentals in Dubai. Gain inside knowledge of the market before investing in any property.
As far as the rental prices are concerned, there has been a 6% increase in the cost of office listings in Business Bay. Currently, the average price is approximately AED 226K per year. At the same time, the prices of office leaseholds in JLT went down by 12% averaging AED a little over 181K. The offices in the Sheikh Zayed Road area still have the same average price as that of last year, AED 438 K. There only has been a 1% drop.
Thus, if you’re looking to buy an affordable office space that has a brilliant location, browse offices for sale in the top real estate websites, such as the Property Price Index. In case you’re looking for leaseholds among offices in Dubai, you can pretty much consider offices for rent in JLT. Keep in mind that these are experiencing a 12% drop.