If renting or buying commercial properties in Dubai is part of your investment plans, then the research is inevitably necessary. We have collected the Best Areas To Rent Commercial Properties that you can invest in and make your own business.
In Dubai, almost all places look good; however certain will prove to be a good return on your investment in the UAE. Take a look at the five locations that will be good for commercial needs in Dubai. You can start your business, a shopping mall, or a service that will flourish well in Dubai.
If you are an investor, then Business Bay is the place to be. It is south of Downtown Dubai and is one of the best places to buy commercial properties in Dubai. Here you can treat yourself to some stunning views of Dubai Creek and the city. The place is quite lively and the streets are always bustling with activity. Many industries and corporate giants have offices in Business bay owing to the quality of transport facilities and how easy it is to reach. It is just a 15-minute drive from Dubai Airport.
The Dubai Canal is another attraction in Business Bay. Commercial Properties like offices, commercial floors, etc are available in abundance. The approximate price for office space is around 908 AED/sq.ft while for offices it is 1.6k AED/sq.ft. The lifestyle in Business Bay is well-suited for working professionals.
Besides having lots of commercial properties, Al Qouz is also famous for the rental spaces available. It is a mixed-use community surrounded by different communities like Al Wasl, Al Safa, Al Manara, etc. The northeast section of Al Quoz named Al Quoz 1,2, and 4 primarily consists of residential properties. Lots of Emirati families live in these regions.
However, in the southwest section of Al Quoz, there are lots of commercial spaces. Most of the commercial properties are quite affordable as well. Some of the properties available include warehouses, showrooms, factories, labour camps, etc
Jebel Ali is often referred to as a Satellite District and is home to some of the best commercial properties in Dubai. Jebel Ali is witnessing rapid development and today besides there are lots of housing, industrial, and even recreational spaces besides the commercial ones. The region has lots of temples and also churches.
Other prominent places include the Jebel Ali port- the largest man-made port in the world, JAFZA-an industrial zone, and the Jebel Al village. The Jebel Ali Free Zone (JAFZA) is an economic zone with 14 different industries and is responsible for contributing around 23% of Dubai’s GDP. Hence, if you are planning to start a new business, then this is the best place to be.
Deira is one of, if not the oldest commercial district located in Dubai. It is surrounded on three sides by the Arabian Gulf, Dubai Creek, and Sharjah. The Gold Souk is a tourist attraction and every year thousands of foreigners visit to purchase from this market.
Besides Gold, there are lots of spice souks in the streets of Deira. Here, you can enjoy authentic Arabian flavors in their purity The Dubai Creek canal is of particular importance as traders bring stuff like perfumes, gold, coffee, etc from distant places for selling. Deira is one of the more popular places to live in Dubai.
Dubai Investment Park (DIP) is a commercial and residential development located in the city of Dubai, United Arab Emirates (UAE). It is a self-contained mixed-use industrial, commercial and residential complex covering an area of approximately 23 square kilometers. DIP was established in 1995 as a free zone to provide businesses with a range of investment opportunities and benefits, including 100% foreign ownership, tax-free operation, and easy access to a skilled and diverse workforce.
It is ultimately up to the individual or business to determine whether Dubai Investment Park (DIP) is the best area to buy commercial property. Some potential factors to consider when making this decision might include:
Location: DIP is conveniently located in the heart of Dubai, with easy access to key transportation corridors and major destinations in the city. This could be attractive for businesses looking to establish a presence in the region.
Infrastructure: DIP has a range of amenities and services available, including shopping centers, schools, hospitals, and recreational facilities. This could be appealing for businesses looking for a well-developed and self-contained location.
Business environment: DIP is a free zone, which means that businesses operating within its boundaries are eligible for certain benefits, such as 100% foreign ownership, tax-free operation, and access to a skilled and diverse workforce. This could make it an attractive location for businesses looking to set up or expand operations in the UAE.
Market conditions: It is important to consider the overall market conditions in Dubai and the specific demand for commercial property in DIP. Researching the current state of the real estate market and consulting with a local real estate agent or expert can help you make an informed decision.
Ultimately, the best area to buy commercial property will depend on your specific business needs and goals. It is important to carefully consider all relevant factors and do thorough research before making a decision.