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How is the Dubai Real Estate market different from other markets?

The past few years have been memorable in many different ways with Dubai’s economy in particular experiencing exceptional growth. As such, the real estate market in Dubai has become a significant topic of interest in 2022. So what makes it different from other markets? A great place to shop  It’s no surprise that many properties on the market in Dubai come with stellar views or idyllic surroundings, many residential real estate projects are even built as part of full communities that include a host of amenities.  So no matter where or what you are buying, you are always guaranteed to get the most for your money. In fact, in comparison to the UK market, If you buy an apartment in Dubai with an area of about 120 square meters, the cost per meter will be around $ 5,900. In London, this figure can reach up to $ 26,260. Liquidity and rental yields With Dubai’s economy booming, the market is growing and in turn, so is the demand. This is great news for new buyers, as the continuous high demand presents the ability to sell your property at any time in the future, without losing money.  The damned doesn’t stop at just sales either. Properties for rent are highly sought after in Dubai and if you own a property in one of the premium locations, such as Downtown or Dubai Marina, owners are able to make a great profit from tenants.  For comparison, in most European cities the rental yields do not exceed 3%, however in the Emirates they can reach up to 10%. Stable economy Although the state of the economy is never guaranteed, based on the growth Dubai’s economy has faced the past few years, it is highly anticipated to continue on the upward trajectory as the city attracts more tourists, investors and businesses every year. The government has also embarked on several initiatives and reforms the past few years, particularly aimed at attracting more foreign investment in the country. Including the introduction of a 10-year visa, also known as a Golden Visa, with the purpose of offering long-term residence for individuals and retaining talented people in the country. In January 2022, the UAE also embraced the global work week of Monday – Friday which helped propel the emirate’s position, both from a trade and transport perspective, as well as its status as a financial hub and a tourism destination. Attractive taxation laws One of the biggest incentives for those living and working in Dubai, is the absence of taxes such as personal income or property tax.  This allows you to own any type of housing without wasting money on additional costs. It also means you are able to rent out real estate and receive a net profit, tax free.  Looking into 2022 and beyond, both Dubai’s economy and real estate market looks set to continue its positive momentum, driven by a continuous influx of new capital and a relatively cautious release of new supply by government and semi-government developers. If you are interested in investing into commercial real estate, you can get in touch with one of our agents today. If it’s residential real estate you are interested in, you can contact our expert team at Betterhomes.

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How is the Dubai Real Estate market different from other markets?

Apr 27, 2022

Commercial Property Market Report Q1 2022

The Dubai Real Estate Market continues to soar The commercial property market right now is the strongest it’s been since 2016, with office, warehouse and retail units in high demand for both sales and leasing according to our recently released commercial property market report for Q1 2022.DOWNLOAD THE REPORT HEREAs Dubai opened back up to the world and the majority of restrictions were lifted, the trust in the commercial property market recuperated, resulting in increased demand for properties for sale. New policies issued by the government at the beginning of 2022, such as modifying the working week to Monday – Friday to align with the rest of the world, have made Dubai even more attractive to investors looking to grow or expand the business.Overall, it can be expected that the commercial property market will continue on an upward trajectory, supporting growth in Dubai’s property market and the economy as a whole. Here are the headline statistics from the report:Commercial SalesQ1 2022 has followed on from the trends we saw in 2021, with prices, demand and transactions continuing to rise. The commercial property market has experienced a 107% increase in sales value for Q1 2022 compared to Q1 2021. The Dubai property market had a total sales value of nearly AED 56 billion in the first quarter of 2022, according to DXB Interact, a record breaking quarter compared to previous years. At CRC, our invoiced transactions rose 62% in Q1 2022 over Q1 2021. Office and retail sales remain at the forefront of the growth, with offices experiencing a 31% increase and retail a 104% increase for units sold over Q1 2021. The total sales value also continues to rise, as offices have seen a 71% increase and retail units a 49% increase over Q1 2021.Increasing demand combined with the limited supply of Grade A commercial spaces is an ongoing trend visible through the first quarter of 2022. As businesses have successfully rebuilt after suffering from the impact of the pandemic, the objective is now to expand, the need for larger office spaces is rising, and as the occupancy of these spaces increases, so does the shortage in stock.Commercial LeasingThe commercial property leasing sector has maintained steady growth in the first quarter of 2022. The multitude of new businesses opening their doors across Dubai has increased rental prices throughout all sectors, creating greater demand for those seeking new premises for their growing businesses.According to CRC data, the number of leasing transactions is up 7% for Q1 2022 vs Q1 2021, with the highest increase in the warehouse sector, which is 88%.  The overall number of registered tenant leads for CRC increased by 32% compared to the same period last year. In line with the spike in demand, the highest increase came in at 128% for warehouses.This quarter, we’ve witnessed a continuous demand for commercial property, as businesses that downsized during the pandemic started getting back to bigger office spaces. As well as retail and warehouse businesses benefitting from a surge in demand due to a boost in the economy.While prices rise and the demand grows, tenants who would previously shop around year on year, in order to secure high-quality units at the lowest price, are opting to lock down long term leases at lower rental values instead.Seemingly, the trust in the market has bounced back in the first quarter of 2022, with CRC recording a 17% increase in payments with 4 cheques and 1 cheque payments decreasing by 7%.

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Commercial Leasing
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Commercial Property Market Report Q1 2022

Apr 18, 2022

Art of Living Mall – Dubai’s first home furniture specialized mall set to open its doors late 2022

Your home furniture shopping experience is about to hit new highs with the opening of Art of Living Mall in late 2022. The mall will be home to some of the best home furniture and accessory stores in the UAE and is the first ever specialized shopping mall of its kind in the MENA region.  The mall is the brainchild of MMS Global, a UAE-based company specializing in the large-scale development and top-notch designs. Since its establishment in 2013, the company committed to redefining the development landscapes in the region and creating a positive legacy for communities to live well and thrive. Built out of a passion for architecture and interior design, Art of Living mall was designed as a creative ecosystem that surpasses the expectations of typical shopping malls. With over 130 retail shops available across three floors, the mall will offer everything from furniture brands and appliances, all the way to interior design services, under one roof. It will also host a range of amenities such as, state-of-the-art fitness facilities, kids art clubs, restaurants, cigar Lounge, free basement parking and even a Design Club, a coworking space for interior designers. Although Dubai is already home to many spectacular shopping malls, there has yet to be a dedicated space for the home design and interiors market, and it was because of this gap in the market that the decision was made to launch this retail project.  Strategically located in the heart of Dubai on Umm Suqeim Road, the mall is easily accessible from both Sheikh Zayed Road and Al Khail Road.  Art of Living Mall is listed exclusively with CRC, if you believe your business deserves to be a part of this spectacular project and would like to discuss leasing options with one of our agents,  get in touch with us today or head down and see the mall’s unique beauty for yourself, our leasing office is open in the main entrance of the mall from Monday – Friday. 

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Will Dubai Real Estate witness a boom after EXPO 2020?

The plans for EXPO 2020 after March 31 have been announced and it looks like the site is set to become a new urban development. District 2020 has officially been named as the project set to replace EXPO 2020. District 2020 will focus on “curating a global innovation ecosystem and an integrated community lifestyle,” according to Expo organizers. They have billed the site as “a model global community for the future that will use state-of-the-art innovation, science and sustainability to create a cleaner, safer, healthier environment to live and work.” 80% of EXPO 2020 will be repurposed for the new development as it diverts into a smart and sustainable mixed-use community. District 2020 has already gained the nickname ‘15 minute city’ as plans for the site show that housing, work spaces, retail, restaurant and attractions will never be further than a 15 minute walk away from one another.   District 2020 aims to cater to a population of 145,000 at full capacity. How does this affect real estate? Well, despite the fact this will create both residential and commercial real estate opportunities, it is also set to be yet another attraction for this bustling city.  This new development will provide more working opportunities for those who are already or considering living and working in Dubai, as well as an increase in tourists travelling to visit the new smart city.  So, what else can we expect to affect the real estate industry post EXPO 2020? RAPID COMMERCIAL EXPANSION  In terms of commercial real estate, there has already been a huge injection of stock into the market, with the development of new shopping centres, hotels and over 400 restaurants, both in and around the Expo 2020 site. As such, it has opened the doors to hundreds of new businesses and investors in the city. With these new businesses expected to expand around Dubai, they will need to find commercial spaces in which to operate. THE SURGE IN DEMAND FOR RESIDENTIAL INVESTMENTS Investing in Dubai has become increasingly attractive over the past few years due to the thawing of diplomatic relations with several countries, including Israel and Qatar; government incentives, including the introduction of new visas; the reduction of ‘Loan-to-value’ for first time buyers; as well as the relaxation of many of the country’s more conservative, cultural laws. Not only has this promoted investment into the country but has also made the city an attractive place to live. It should also be pointed out that as businesses expand into Dubai, families will come with them, necessitating new housing developments.  These new investors have had, and are expected to continue having a primary focus on high-end luxury properties, with properties worth over $10 million accounting for over 7% of all real estate transactions.  This interest in high value, luxury properties was witnessed in 2021 by Betterhomes, the sister company of CRC, whose agent Hannah Pratap, secured the biggest leasing deal in the history of Dubai.  POSITIVE IMPACT EXPO 2020 has brought a huge number of people to Dubai and in turn, introduced them to its upscale lifestyle, safe environment and the possibility for impressive career growth. Although it was already one of the most popular places to relocate, the past year has seen more people than ever want to make the move to this bustling city and there’s no question as to why.  Expo 2020 Dubai welcomed more than 10 million visitors in the first 3 months and both the educational and entertainment aspect of the event will have inspired many residents, expats and investors to explore new avenues of both life and business.  There’s no doubt that the new development, District 2020, will continue to inspire growth across the city.  So, what will happen next? Will the real estate in Dubai witness a boom after EXPO 2020? Well, in a nutshell, Expo 2020 was just the beginning of Dubai’s new future. This global event was expected to kickstart business development and encourage foreign investment into the country, and I’m sure we will document the positive effects of that as Dubai’s economy continues to thrive through 2022 and beyond. If you require any assistance on leasing, selling or buying commercial property, get in touch with us today. 

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Will Dubai Real Estate witness a boom after EXPO 2020?

Mar 25, 2022

What are the pros and cons of opening a start up in Dubai?

Starting a business in the UAE is fairly easy, making it one of the most desired cities for entrepreneurs and investors interested in a startup. The local government encourages both investment and startups in many ways, and in the past year has even rolled out long-term visas for investment. However, like anything there are both advantages and disadvantages to take into consideration and it’s important to do thorough research and seek professional advice with big financial decisions. In this blog, we have listed some of the pros and cons to consider when opening a start up in Dubai.  Pros Multiple set up options In the UAE, there are 3 options for business set up, these include, mainland, offshore or freezone. Each option holds its own features and benefits and it is important to fully understand each, in order to make the right decision for you and your business. Depending on your type of business will determine the option that best suits. For example, a mainland company structure will offer you the freedom to operate your business in any part of the emirate. Whereas, a freezone will allow you to benefit from a tax free environment and 100% ownership of your business. Whatever the case may be, you will be sure to find an option that fits both your needs and requirements.  Growing economy It’s no secret that Dubai is host to a very healthy economy and provides opportunities for both businesses and individuals to thrive, grow and develop. Not only Dubai, but the UAE as a whole offers both comprehensive and transparent business procedures as well as a stable political situation and an abundance of resources. Which makes this an ideal location for operating a business.  Diverse industries  The opportunity to develop a successful company here is available through many different industries. Whether its manufacturing, hospitality, retail or services, with the right business structure your company has the potential to thrive. Cons Trade limitations Although there are many benefits that come with setting up a business in a freezone, if you choose this option you will experience trade limitations, meaning that you will be restricted to performing all business operations within the confines of your free zone only. Although, depending on your type of business, it is possible to obtain an agreement with a distributor in order to operate in mainland areas.  Confusing set-up procedures If you are unfamiliar with the UAE’s laws and procedures, setting up a business may feel like a difficult and confusing task. There are multiple consulting companies that can assist you to ensure your business set up is a quick and easy process, we would recommend enlisting the help of one of these companies, if you are new to Dubai and the world of business. Do you already own a business in Dubai and are looking for Commercial space to rent or buy? Get in touch with one of our agents today. 

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What are the pros and cons of opening a start up in Dubai?

Mar 17, 2022

Top Business Opportunities at Dubai Expo 2020

Organised under the theme “Connecting Minds, Creating the Future” EXPO 2020 Dubai is the world’s largest gathering to date. Originally scheduled for October 2020, the event was postponed 1 year due to the coronavirus pandemic and eventually opened to the public in October 2021 and is due to run until March 2022.  Over 190 countries have participated in EXPO 2020 and the event is believed to have already led to the birth of multiple cross-country business partnerships. Dubai’s economy is on the rise and the opportunities available to business owners and investors are growing rapidly.  If you are a business owner or entrepreneur that holds a dream of setting up a business in Dubai, then this is the guide for you. Read below to find out what we think will be the top business opportunities at EXPO 2020 and the industries to consider. Tourism According to the Khaleej Times, Dubai recorded 6 million visitors in the first 11 months of 2021, surpassing the whole of 2020. Already one of the most influential business domains in the UAE, the travel and tourism industry growth is set to continue through to 2022, amid the final months of EXPO 2020. There are multiple reasons to go ahead with this industry, so if you hold an idea of starting a business in Dubai, now is the time to go for it.  Hospitality As tourism rises, so will the need for hospitality services. 2020 saw numbers drop to an all time low for the hospitality industry, but as Dubai economy continues to rebuild, the hospitality market has almost made a full recovery.  As travel restrictions continue to ease, demand due to EXPO 2020 continues to increase and vaccination programmes continue to expand, the growing need for hospitality businesses is on the up. If you’ve been considering setting up in the industry for a while, now is a better time than ever.   Food and beverage Another industry that will see positive impacts directly related to both tourism and hospitality is the food and beverage industry. In regards to the F&B market, there’s a new kid on the block almost everyday in Dubai and it’s a trend anticipated to continue far into the future. Plus EXPO 2020 has provided a space for visitors to eat their way around the world, without having to leave the UAE. It would come as no surprise if some of the restaurants, food trucks and pop-ups from EXPO 2020 secured more permanent homes across the city.  If you’re an Investor looking to own a slice of this industry, we don’t think you will need to look far to find an ideal opportunity.  SMEs (Small and medium-sized enterprises) Small and medium sized enterprises can take full advantage of EXPO 2020 and the opportunities that come with it. Its an international hub for like minded entrepreneurs across the globe to come together and build strategies to enhance their brand and seek a competitive edge.  There’s an opportunity to build relationships with potential investors, clients and customers in order for SMEs to build on success and take their businesses to the next level.  If you hold the idea of starting an SME in the UAE, then take the incorporation steps now. Real Estate As mentioned above, Dubai Expo 2020 is well on its way to increasing a number of business entities in various industries, indirectly uplifting the real estate sector. Dubai is facing a boom in both commercial and residential real estate markets, with the industry seeing increased demand in units, space and prices.   Dubai properties are in demand from those worldwide, which turns out to be an excellent opportunity for investors who are interested in coming forward and setting up or getting involved with a real estate business in Dubai. Construction  The networking and partnerships anticipated to take place at EXPO 2020 are expected to introduce new demand for both commercial and residential complexes. Construction businesses will have a wider range of opportunities to get involved in both during and post EXPO 2020.  The industry is already rumored to contribute billions to Dubai’s economy and landscape, so if you are interested in securing your next business venture, now would be a great time to come forward and indulge in the opportunities on offer. You will need to possess a construction license issued by the Department of Economic Development (DED) in order to start a construction business in Dubai. Overall, Dubai’s economy is finally starting to rebuild after the devastating impact of the pandemic, and with the help of EXPO 2020 we’ve seen a major boost in demand for multiple industries. With no sign of slowing down, its an ideal time for business owners and investors looking to own a slice of Dubai, to come forward and benefit from the ever-growing opportunities the city has to offer. Its important to bare in mind that there can be specific procedures to follow when starting up a business in a foreign country. To ensure a smooth and successful process, we would advise you to seek the help of a business consultant to assist you in the initial stages.  If you are interested in visiting EXPO 2020, the event will be running until March 2022 and you can buy tickets here.

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Top Business Opportunities at Dubai Expo 2020

Feb 03, 2022

Top 5 areas to set up a business in Abu Dhabi

When starting a business, you want to make sure you set up in a prime location that will help your business thrive, and as such you may be wondering what the top 5 areas to set up a business in Abu Dhabi are. With Abu Dhabi being such a large city, it can sometimes be challenging to decide where to base your company.  In truth, one of the key factors that should determine your business location would be related to the kind of activity you will be participating in. Other deciding factors include who and how many staff you will need, as well as your price point.  Abu Dhabi has gained a reputation for being an attractive location for investors and business owners. This is especially the case since the government has implemented many schemes in order to ensure a thriving business environment. That withstanding while the city is an excellent place to conduct business, company owners should know where the best sites to set up and operate are. We have compiled a list of the top 5 areas in Abu Dhabi depending on the business type.  Abu Dhabi Airport Free ZoneTop area for logistics & import/export Abu Dhabi Airport Free Zone focuses on businesses conducting either logistics, import/export or otherwise other industries that need to be in close proximity to one of the country’s largest international airports. The area contains a large number of warehouse and office options for companies and businesses of all sizes.  The area was established as part of the Emirate’s 2030 vision to become a dynamic and well-established economy. Although predominantly focused on logistics and import/export, the free zone also has other key sectors that it aims to promote. This includes sectors such as Aviation, Defense, Airport services, Cargo, Freight, Pharmaceuticals, Consultancy management, and even Marketing & Events.  Abu Dhabi Corniche & Hamdan Street Top area for a central location A popular place to live and work, Abu Dhabi Corniche is one of the busiest commercial areas in Abu Dhabi. It is a key business and cultural hub of the city and is primarily centred around the 8km Corniche Road. There are many lovely restaurants and cafes and a wide range of amenities, including gyms, malls, and supermarkets.  Its strategic location means it’s in close proximity to other key business areas throughout the city. This includes Al Markaziyah West, one of the busiest commercial streets and Al Khalidiyah, the city’s cultural hub. Many of the offices within this area feature beautiful sea views or overlook luscious green parks. . In addition to this, with so many office buildings in the area, makes the prices are highly competitive. Hamdan Street is one of the busiest commercial areas of Abu Dhabi. Strategically located in Abu Dhabi’s centre, it is one of the oldest and most established areas of the city. Running parallel to the Corniche, Hamdan Street is close to many of Abu Dhabi’s residential areas and Marina Mall, World Trade Centre Mall, Qasr al-Hosn, the key retail, business, and cultural hubs of the city. Known for its retail hubs and commercial buildings, Hamdan Street has proven to be popular for business owners to base their companies on.  Twofour 54Top area for media companies Twofour 54 is another free zone in Abu Dhabi that aims to provide both a local and international hub for media companies. It aims to be at the forefront of the regions media industry, creating all types of media, including Events, Film, Digital Media, Publishing, Music, Broadcast, Gaming and all other media types. Already, the area has established itself as a prominent player, with major international companies such as Thomson Reuters Foundation, CNN, Financial Times, and the BBC setting up their operations in the free zone.  Like other free zones, there are numerous benefits. Those that set up their operations here have 100% ownership of their company, can enjoy tax-free incomes, as well as take advantage of the numerous incentives the free zone authority has set up. FOr example, international TV and film production can benefit from a 30% cash allowance. There is also comprehensive training facilities available for those in the free zone.  Elektra street Top area for electronics companies Electra Street is known as an area of the city that never sleeps. Whilst one of the oldest places in Abu Dhabi, it has made a name for itself for being home to a large and thriving electronics market. It sits at the heart of the city with great accessibility to facilities, including shops, supermarkets and plenty of other amenities that your business and employees will appreciate.  Whilst a thriving area for businesses involved with electronics, it is worth noting that it is not a free zone area. As such, there are certain restrictions regarding business ownership. Because of this, unlike Freezone areas, businesses are unable to have 100% ownership unless the owner is Emirati.  Masdar City Top area for companies promoting sustainability Masdar City is a global hub for companies that specialise in sustainability, specifically sustainable energy. This includes companies that focus on either generating, discovering, manufacturing, and developing energy products and future green technology. Whilst a free zone, the area distinguishes itself by becoming a‘Green’’ city that relies solely on renewable energy.  Masdar established itself as a beautiful yet sustainable living and working business area. Companies set up here can benefit from world-class facilities and state-of-the-art infrastructure for tech companies and partner with institutions to develop their research.  So which are the top 5 areas to set up a business in Abu Dhabi? As you can see, there are many areas in Abu Dhabi for businesses to establish themselves. Our list just has our picks for the top 5 areas to set up a business in Abu Dhabi. There are many other areas within the city that can be great for businesses. For more information, contact us today to book a consultation with one of our commercial property specialists.

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Top 5 areas to set up a business in Abu Dhabi

Nov 08, 2021

What does NNN cost mean in real estate?

When looking for a commercial property, you might come across some terms that might seem unfamiliar. One of these terms is ‘NNN’. NNN stands for Triple Net Lease and is one of the most popular types of leasing agreements, which is generally an alternative to a gross lease.  So what is a Triple Net Lease?  A triple net lease is a type of lease agreement in which the tenant pays all the property expenses. This would include all real estate taxes, building insurance, maintenance, utility bills, as well as the cost of the rent. Due to the fact that the onus is on the tenant to pay for everything, the actual rent for a triple net lease is typically less expensive.  A triple net lease differs from a standard lease in that it is generally the landlords’ responsibility to pay for at least some of these expenses. Aside from triple net leases, there are also double net and single net leases.  In a single net lease, the landlord takes on more responsibility, with the tenant still taking on some of the additional costs. With a single net lease, the tenant will generally be responsible for the property taxes, whilst the landlord will take ownership of any other costs.  Due to the tenant bearing some of the additional costs, the rents will tend to be lower than a gross net lease but slightly more than a triple net lease.  A double net lease will tend to mean the tenant paying for the property taxes and property insurance, with the landlord paying the maintenance costs. Again, these lease types will be lower than the gross net and single net leases. This type of leasing agreement tends to be more popular in larger commercial developments where one landlord will have multiple tenants who may have different square footage. As such, it is easier for the owner to assign taxes and insurances proportional to the amount that is leased. Why choose a triple net lease agreement?  Triple net lease agreements have become increasingly popular with investors who are looking to secure a steady income stream at low risk. By not including the additional fees that are generally part of a start of a standard lease agreement, investors avoid any unexpected or additional costs during the tenancy agreement. The landlord will therefore get a fixed income and will not have to shell out on any expenses due to the liability being on the tenant.  A triple net lease can also have benefits for the tenant. As all the costs associated with leasing the space falls onto the tenant, it means they can have good negotiating power in terms of the base rent. Providing they are willing to take the risk of paying for any future maintenance costs, or any other unexpected expenses, the tenant may end up securing a property at a much more reasonable price. Is the landlord responsible for any costs in a NNN lease?  Whilst the tenant is responsible for most of the costs associated with the property, there are generally a few exceptions. Structural damage, i.e. damage to the roof, or other significant expenditures, are typically covered by the landlord. With that being said, it would be recommended to clarify and discuss with the landlord a price point at which they should pay any costs. So how is NNN cost calculated?  The advertised cost may be advertised as AED 14 per square foot. This is the base rent, but then the landlord will add up all the other associated costs, including the insurance and any other property costs which the tenant will have to pay in addition. It will then be up to the tenant to pay for any additional maintenance costs that would be required throughout the duration of the contract.  How is NNN lease different from a gross lease agreement? Gross lease is the second most popular type of tenancy agreement. The gross lease or full-service lease will tend to include all costs associated with the property, including tax, property fees, insurance, any maintenance fees and in some cases also utility bills. As such, the tenant will only have to pay one upfront price that is typically more expensive than an NNN rent, which the landlord will use to pay the additional costs themselves. One of the key differences between an NNN lease and a gross lease is that the tenant has much higher responsibility for the space that they are using, and have to bear the risk of undertaking any maintenance issues, and the associated expenses that come with it.  As such, gross leases allow tenants to have much greater control over their finances and budgeting, with there being a constant fixed amount that will not change throughout the entire duration of the contract. As one can see, there are different benefits of these different lease types. With that being said, the most important thing a tenant can do is have a thorough discussion with their potential landlord and carefully look at their leasing contract to see what exactly is included in the contract and what each party is expected to pay.  What’s more, tenants should choose an experienced commercial estate agency that will be able to help broker these deals and get the best deal for both sides of the deal. If you are looking to rent a commercial property, book a consultation with one of our many expert commercial property consultants. 

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What does NNN cost mean in real estate?

Oct 05, 2021

Offices with the best views in Dubai

Did you know that over one-third of our lives will be spent at work? That is why it is so important to have a space that is productive and we enjoy working in. As a thriving business hub, Dubai is home to some fantastic offices, with stunning views. There is nothing better than looking up from your desk and seeing gorgeous, inspiring views. Here are some of our top picks for offices in Dubai with the best views.  Burj Khalifa, Downtown Dubai  For sale: AED 45,000,000 Situated on a high floor of one of the world’s most iconic buildings, in the heart of downtown Dubai, this office space enjoys 360 degree panoramic views of all of Dubai. Take in the modern skyline of Business Bay, the impressive man-made wonders of The Palm Jumeirah and the World Islands, as well as the rest of the city and beyond.  As a shell and core office, the new owners of this building will be able to style this space any way they wish, creating a unique, bespoke work space just for them.  The area of Downtown Dubai, is a mix of high end commercial and residential spaces, that is in close proximity to several of the city’s key business districts, as well as the world’s largest shopping mall.   Jumeirah Business Centre 4, Jumeirah Lakes Towers For Sale: AED 4,554,500 This modern office space has impressive views that look onto the peaceful greenery and calming lakes of Jumeirah Lakes Towers. The area features luscious parks and running tracks next to the three lakes within the district. From the other side of the building, you can look out onto the modern skyline of Dubai Marina, which offers a bustling social scene.  This contemporary office comes fully fitted and furnished with a modern, high-end aesthetic, with large executive offices and large meeting areas, perfect for setting a good impression for any potential clients that will pay a visit.  JLT is a highly sought after mixed used to community, that is home to both residential and commercial units. The area is a project of Dubai Multi Commodities Center, on eof Dubai’s biggest free-zone areas. What’s more, it is in close proximity to some of the city’s key hot spots, including Dubai Marina and Jebal Ali Free Zone. The fact it is adjacent to Sheikh Zayed Road means that it has easy access to the rest of the city.  Jumierah Bay X3, Jumeirah Lakes Towers For Sale: AED 4,175,650 This beautiful office in JLT, faces the iconic marina skyline, with Jumeirah Bay X3 being specifically designed from the ground to maximize the panoramic view of its stunning surroundings, delivering on both and delivers both luxury and convenience. As a full floor unit, occupants can enjoy full 360 panoramic views of the city.  It is not hard to picture yourself in this one of a kind meeting room, expanding your business horizons.  The floor comes fully fitted and furnished to a high spec, as well as being conveniently located close to many of the amenities the area has to offer, including restaurants, retail areas, as well as being close to several of Dubai’s key transport links, including the metro and Sheikh Zayed Road. The unit also makes an excellent investment opportunity, as owners can expect to see a return on investment of around 8%. Silver Tower, Business Bay For Sale: AED 2,136,300   This prime office space in the centre of Business Bay, features unparalleled views of Downtown Dubai and the peaceful waters of Dubai Creek.  This is a smaller office than some of the others on the list and is shell and core. With that being said, the unit comes at a good price and allows future owners the flexibility and freedom to optimise and fit the office for their specific needs and requirements.  For those wishing to blow of some steam from a long workday, the building even features a mini-golf course inside, as well as a swimming pool and large gym. This unit provides a unique opportunity for start-ups and smaller companies looking to get a stunning office at an affordable price.  Business Bay, as its name might suggest, is one of the cities biggest business hubs.and is the next community along from Downtown Dubai. The area has excellent transport links, including a metro station, several bus stops, and has direct access to Sheikh Zayed Road.  Iris Bay, Business Bay  For Sale: AED 1,490,260 Iris Bay is a unique state of the art office building of an intriguing design from WS Atkins & Partners,  who developed it as a oval, crescent moon shape.What’s more, the building was constructed to be environmentally friendly incorporating both passive and active environmental features, The building is centrally located in the heart of Business Bay, directly adjacent to the Dubai Creek. One side features views of the waterway, whilst the other looks out onto Sheikh Zayed Road. Whilst this particular unit encompasses a relatively modest square footage, it is perfect for smaller companies or start-ups, looking for a unique office space that is still high-end with incredible views.  One Tower, Barsha Heights For Sale: AED 2,148,900 What really makes this office stand out is its beautiful views that stretch from the Burj al Arab, all the way to the iconic Dubai Marina.  The One Tower is located in the heart of TECOM, a key business hub with direct access to Dubai Internet City and its metro station.   This unit offers a different office experience with a variety of office modules designed to suit a range of business requirements. One Tower is positioned strategically at the most lucrative spot for business in Dubai., with it being within reach of major business sectors like Jebel Ali Free Zone, Dubai International Financial Centre Dubai Media City, Dubai World Trade Centre and Business Bay. U-Bora Tower, Business Bay For rent: AED 2,312,280/ year U-bora Tower plays a starring role in a city full of architectural marvels, occupings an idyllic, prestigious and prominent corner setting on the main axis of Business Bay. A-Grade commercial office space. U-Bora provides a vibrant sense of community and a superb, inclusive environment for living, working, and socializing. The office is  fitted to a high standard with panoramic windows looking out onto the instantly recognisable Downtown district and the Burj Khalifa.  In terms of access to the building,  RTA bus route shuttles from the Business Bay metro to the Ubora Tower frequently linking the Tenants to the Metro, as well as having easy access to Sheikh Zayed Road. Wherever it is you work, it is so important to enjoy and love the space. If you are looking for an office with a wow factor, then contact us today to schedule a consultation to help you find you a dream office.

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Commercial Leasing
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Offices with the best views in Dubai

Sep 13, 2021

Top coworking spaces in Dubai

With work taking up such a big part of our lives, it is important that we find a space that we enjoy and can be our most productive. With the rise of smaller companies and freelancers coming to Dubai, so is the popularity of coworking spaces. As such, some of these spaces are going the extra mile to stand out from the crowd. Here are our top picks for coworking spaces in Dubai.  Nasab Nasab is a luxurious, members-only workspace that has a focus on creativity and wellbeing. This high-end business club features a gym, two swimming pools, a photography studio and a variety of food and beverage outlets, which help to ensure a relaxing and luxurious work experience, allowing leisure and work to intertwine. Nasab also hosts regular events, workshops and discussions that help foster a collaborative and social environment, perfect for learning, networking and meeting like-minded people.   A4 Alserkal Avenue A4 is a free to use co-working space in the centre of Dubai’s trendy and artsy Alserkal avenue, with an industrial, yet warm aesthetic. The cosy space offers free wifi, a cinema room, a cafe and a little hideaway on the mezzanine floor called The Loft, perfect for tucking yourself away when you need a break and read a book. This space is perfect to meet and get inspired by other creatives, with the venue putting large effort into giving the place a community spirit, with collaborative work encouraged.  Space is also host to regular workshops, and brainstorming sessions.   Youth Hub X Youth hub came about due to the idea that young people are able to develop and design problems to the world’s biggest challenges. It was therefore decided to create a central forum for them to connect with each other and share ideas. As such it offers a supportive business environment and coworking space for younger entrepreneurs and business owners. Targeted at 15-35 year olds, the hub offers not only space for its clients to work, but also constant guidance and business support.  DTEC DTEC is a technology and innovation hub that offers clients not only a space to work, but a whole range of business amenities, including wifi, meeting rooms, and even a games room. The space offers full business set up, visa processing as well as access to a vast network of mentors, advisers, and educators, with many receptive to collaboration, pitches and investment opportunities. The hub offers Flexi desk, fixed desk and private office options for their clients, at varying different price points, as well as options to book out conference and meeting rooms. DTEC has everything a budding entrepreneur or business owner will need to launch and grow their business

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Commercial Leasing
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Top coworking spaces in Dubai

Mar 25, 2021

Coworking spaces: what are they?

A coworking space, in essence, is a collaborative working environment, wherein freelancers, small companies, or start-ups are able to work independent of each other, whilst being able to share the same services.  Types of coworking spaces It is important to note there are different types of coworking spaces that suit the needs and requirements for different people.  ConventionalWhen thinking of coworking spaces, this is often what comes to mind first. Conventional or open workspaces are typically not geared towards a specific type of organisation or company but rather focuses on creating a shared, open and collaborative environment, in which freelancers and different types of companies from a range of different sectors are able to conduct their business from.   High-End/Full-ServiceThese usually have higher quality and a broader range of amenities than a conventional workspace may have, with a higher focus on offering luxury and convenience for the people that work there. Whilst they may offer more services, this means that this type of coworking space often comes at a much higher price than their ‘conventional’ counterparts.  Corporate/ProfessionalThis type of workspace caters to more corporate clientele rather than ‘energetic’ start-ups that put a higher emphasis on collaboration. Therefore they offer a more private and usually quieter setting that might conventionally be considered more professional. They are also a cheaper alternative to the high-end workspaces, so are a good fit for smaller companies. A good example of this is OpenHub, a professional coworking space based in Dubai.  MinimalMinimalist or ‘bare-bone’ coworking spaces places a high priority on affordability. They usually offer just the basic services, such as wifi, electricity and water, and have very basic and minimal furniture. This is a good option for individuals and freelancers who do not require much in terms of services. Industry-Specific/SpecialisedThese are usually niche working spaces that only allow companies or individuals working within a particular sector to work. As such these spaces tend to cater to specific demands of that industry. Specialised workspaces might include healthcare specialists, law firms, or even creatives and artists. This allows for and encourages much greater inter-company collaboration.    IncubatorsIncubators are often reserved for start-ups and new companies, so, therefore, cater to smaller companies that are more budget-conscious. Incubators sometimes offer business guidance, funding as well as networking opportunities, which help businesses to grow. What are the advantages?  It makes quality services more affordableCoworking spaces allow those that have a smaller budget to have access to amenities and services that would otherwise be unaffordable. Even the most basic coworking spaces offer pantry space, wifi, receptionists, and printing services, whilst some of the more high-end spaces can provide access to expensive industry-specific equipment, boardrooms and meeting rooms.  It allows much greater flexibilityFreelancers and small business owners often do not have the budget, resources or the need to commit to a long term contract for an office space. Coworking spaces can often be booked on a short term basis, allowing the individual to have much greater control over the spaces they have. This is especially the case with smaller companies who may be undergoing rapid expansion, and so can take up more office space as and when their business requires it.  Offers networking and collaborative opportunities  One of the greatest benefits regarding coworking spaces is the collaborative environment they foster. Sharing big spaces with other likeminded individuals can help spark greater innovation, as well as afford them priceless networking opportunities, which can often lead to inter-brand collaborations. Especially in the case of start-ups, these collaborative environments can help kickstart the company’s growth and development.  Who uses them?  Coworking spaces are used by a wide range of different individuals and companies.Many start-ups, small businesses and freelancers enjoy coworking spaces as it allows them to utilise resources and receive services and amenities that would otherwise be unavailable or too costly were they to have their own office unit. Further to this, anyone wishing for more flexibility when it comes to work can benefit from using a coworking space. They are a great way to foster creativity, new ideas and a collaborative environment.

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Commercial Leasing
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Coworking spaces: what are they?

Nov 29, 2020

Top tips on commercial property renting

Whether you are setting up a new business in Dubai or looking for somewhere better to locate your company, careful considerations should be made about the commercial property you will need. We put together some of the top tips and the different things to think about when looking for a commercial property to lease. Consider what licenses are required Many different considerations need to be made before determining what trade licenses are required. If the office is based in a free-zone, then the company will need to apply for a Free-Zone License. Whilst this means that an expat is able to retain 100% ownership of the company, it is important to note that companies in free-zones are unable to trade directly with the local market without the help of a local agent.  Businesses that are offering a service can apply for a Professional Services license.Companies operating under this license can retain 100% ownership, whilst outside of a free-zone, however, the company will need a local agent in order to serve, who will command a fee.  The third type of licence a company can go for is an LLC licence. This allows a company to operate anywhere with any kind of service, providing there is a 51% ownership of the company by a local partner. Before deciding on what and where you want to rent, it is therefore important to decide on how your business will operate and what licences will be needed. Finding out what license you need will help narrow down where your business can operate, especially since certain activities can only be done in certain areas under a specific licence. If the company is new, then initial trade name certificates and initial trade approval will need to be obtained. Once all of this is done, then both parties can proceed, and the tenant can move into their new workplace.  Make sure the office suits company’s needs Naturally, it is crucial to consider the growth expectations of the business. Depending on the size of your office space, you will be eligible for a certain number of visas for your workforce. There are several different types of commercial properties, depending on the purpose, such as warehouses, offices, and retail units. Therefore companies should also consider the kind of commercial property that is most suitable for them. For example, if they just need a warehouse, is there a separate office space for managers to work?  Another consideration that should be made is if you will opt for a fully-fitted office, or a shell and core. Whilst shell and core properties are generally cheaper; the business will be required to use a fit-out company. Another benefit of shell and core is that it enables the company to make their office suit their specific needs. That being said, a company would need to check the permissions they have for their unit. Companies will need to check with the landlord if they are able to fit inside toilets, pantries, or other significant work for the unit. Companies should be aware that fitting can be expensive, so in the long run, both options should be considered. Fitted offices are more expensive, they are often move-in ready, which can be more efficient and save the company time. It is important to see if the property is in a suitable condition and if any work needs to be done prior to moving in.Finally, it is not just the office itself that should be considered, but also the surrounding community. Before deciding on a property, it is essential to consider the needs of the employees. Employees may need to use public transport to get to work, so finding an office that is close to a metro station and/or bus stop would be significant. If your employee’s drive, is there parking available nearby? Another thing that might be considered is what your employees will do for lunch. Is there a pantry in the office, if not, is there a supermarket or food outlets nearby. An office space may be perfect, but could also be highly impractical if it is not close to any restaurants, stores, and other amenities your employees might require.  Go with an expert broker Navigating the property market can be daunting. That is why it is best to go with an expert who will be able to advise you on the property that will suit your company best. An expert broker will be able to give you informed advice about each area, as well as be able to use their expert knowledge to broker you the best deal possible.  It is always best to go to an area specialist who has experience with specific locations and will be able to provide all of the necessary information required before moving into the commercial property.

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Commercial Leasing
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Top tips on commercial property renting

Nov 10, 2020