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Why commercial property in Dubai is a wise investment?

The United Arab Emirates has long been a popular destination for both tourists and expatriates. In recent years, Dubai has become increasingly popular as a destination for investment. Many see the commercial property in Dubai as a wise investment because of the city’s strong economy and stable political situation. There are many reasons why commercial property in Dubai is a good investment. The city is home to a growing number of businesses, and there is a high demand for office space. Dubai is also a major tourist destination, which means there is a good potential for rental income. Furthermore, the city’s tax laws are very favourable to investors. If you are considering investing in Dubai commercial property, this article is for you. We will explain why commercial property in Dubai is a wise investment and also give you some tips on finding the right property. Economic factors There are many reasons why commercial property in Dubai is seen as a wise investment. One of the key reasons is the city’s strong economy. The UAE has the seventh-largest economy in the world and is forecast to be the fifth-largest by 2030. Dubai’s economy is particularly strong and diversified, focusing on tourism, trade, and finance. The city is home to some of the world’s tallest buildings and largest shopping malls and is a major hub for international business. Dubai’s stable political situation also makes it an attractive destination for investment. The UAE is a federation of seven emirates, each with its own ruler. Sheikh Mohammed bin Rashid Al Maktoum, who has been in power since 2006, rules the emirate of Dubai. The Sheikh has implemented various reforms to make Dubai more business-friendly, including reducing red tape and streamlining the business setup process. The UAE’s strategic location also makes it an ideal base for businesses operating in the Middle East and Africa. Dubai is home to the region’s busiest airport, and its seaports handle a large percentage of the world’s maritime trade. These factors make Dubai a good investment destination for those looking to invest in commercial property. Tax benefits When it comes to making a wise investment, commercial property in Dubai is hard to beat. One of the main reasons for this is the city’s tax regime, which is favourable to investors. Dubai has no capital gains taxes, so any profits you make on selling your property are yours to keep. This is a significant advantage over many other countries, where capital gains taxes can eat into your profits. In addition, there is no VAT (value-added tax) in Dubai. This means that the price you pay for your property is the final price – there are no hidden costs or taxes to worry about. Another major benefit of investing in commercial property in Dubai is that there are no restrictions on foreign ownership. So that you can easily buy and sell the property without having to worry about complex ownership rules and regulations. So if you’re looking for a wise investment that offers great potential returns, commercial property in Dubai should definitely be on your radar. Rental Yields Rental yields are an important consideration for any investor, especially for those considering commercial property in Dubai. After all, the whole point of investing is to make money, and rental income is one of the key ways in which you can do that. So what are rental yields? Put simply, it’s the income you make from renting out your property, expressed as a percentage of the property’s value. For example, if you own a commercial property worth AED 1 million and make AED 100,000 in rent from it over a year, your rental yield would be 10%. Generally speaking, the higher the rental yield, the better. That’s because it means you’re making more money in relation to the amount you paid for the property. And regarding commercial property in Dubai, some very attractive rental yields are on offer. For example, according to JLL’s 2019 City Momentum Index report, office properties in Dubai had an average rental yield of 7.4% in 2018. This was significantly higher than the global average of 5%. And it’s not just office properties that offer good rental yields in Dubai. The city also performed well in terms of retail and industrial rents, with both sectors seeing healthy growth in recent years. So if you’re looking for an investment that will generate a healthy return in the form of rental income, commercial property in Dubai is definitely worth considering. Capital Appreciation The main reason why commercial property in Dubai is seen as a wise investment is due to the city’s strong economy and stable political situation. These two factors provide the perfect environment for businesses to thrive, which in turn drives up demand for commercial office space. This increased demand results in higher rental prices and capital appreciation for investors. Dubai’s economy has been growing steadily for the past few years, with GDP growth averaging 4.7% between 2014 and 2018. The city’s strong economic performance is driven by its diversified economy based on trade, tourism, financial services, and real estate. Dubai’s strategic location at the crossroads of East and West also makes it an ideal hub for businesses looking to tap into new markets. The stability of Dubai’s political situation is another key factor that makes it an attractive destination for investment. The city is part of the United Arab Emirates, a federation of seven emirates that the same royal family has governed since its formation in 1971. The UAE has a stable government and a strong track record of political stability. This provides a level of certainty for businesses operating in Dubai, which helps to attract foreign investment. So if you’re looking for an investment that offers great potential returns, commercial property in Dubai should definitely be on your radar. Conclusion In conclusion, many see commercial property in Dubai as a wise investment because of the city’s strong economy and stable political situation. These two factors provide the perfect environment for businesses to thrive, which in turn drives up demand for commercial office space. This increased demand results in higher rental prices and capital appreciation for investors. The future of commercial real estate in Dubai looks very bright, making it a wise investment for those looking to generate healthy returns.

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Investment
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Why commercial property in Dubai is a wise investment?

Feb 24, 2023

The value of commercial property in Dubai: Why it’s worth investing?

Commercial property in Dubai has long been an attractive investment for local and international investors. The city’s strong economy, tax-free status and proximity to key markets make it an ideal location for businesses of all types. Despite the recent economic downturn, Dubai’s commercial property market has remained strong. This is partly due to the city’s strong fundamentals, including its growing population and economy. In recent years, commercial property value in Dubai has increased significantly, driven by rising demand from businesses and investors. Investors are also attracted to Dubai’s commercial property market due to its stable political environment and tax-free status. Dubai has no corporate or personal income tax, making it an attractive place to do business. If you are considering investing in commercial property in Dubai, now is a good time to do so. The market is showing strong growth prospects, and there is a high demand from businesses and investors alike. With careful planning and research, you can make a successful investment that will provide you with long-term returns. The current state of commercial property in Dubai: The commercial property sector in Dubai has been through a rollercoaster ride in recent years. After the global financial crisis of 2008, the market recovered relatively quickly; by 2012, prices had reached record highs. However, this was followed by a sharp correction, and prices have been stagnant since then. The good news is that there are signs that the market is starting to recover again. Rents are on the rise, and there is more interest from foreign investors. This is why now could be a good time to invest in commercial property in Dubai. There are a number of reasons why commercial property in Dubai is an attractive investment. First, there is the strong economic growth that the emirate is experiencing. This is fuelling demand for office space and retail space. Second, there is a large population and growing tourist numbers. It means that there is a high demand for hotel rooms and serviced apartments. And third, there are tax-free returns that investors can earn. These factors make Dubai an attractive destination for commercial property investment. And with the market starting to recover, now could be a good time to invest. The investment potential of commercial property in Dubai: Dubai offers a number of advantages to investors in the commercial property market. And there’s no doubt that Dubai is a bustling metropolis with much to offer. But many people don’t realize that Dubai is also a great place to invest in commercial property. Thanks to its stable economy and strong business sector, commercial property in Dubai is a sound investment that can offer potentially high returns. However, it is important to do your research before making any investment and to seek professional advice. The potential for growth in the commercial property market in Dubai is significant. With the right investment, you could see healthy returns in the years to come. Why is now the time to invest in Dubai commercial property? There’s no denying that Dubai is a hot spot for investment. With its burgeoning economy and endless opportunity, it’s no wonder that so many people are looking to Dubai as a place to invest their money. And one of the most popular investments in Dubai is commercial property. Whether you’re investing in an office building, a retail space, or a hotel, plenty of options are available in Dubai. And with the right research and guidance, you can make a very lucrative investment in commercial property in Dubai. The UAE has always been an attractive destination for foreign investors, but Dubai has recently become increasingly popular. This is due to several factors, including the city’s strong economy, tax-free status, and stable political environment. Investing in commercial property in Dubai offers many advantages. There are plenty of reasons to invest in Dubai commercial property – and now is a great time to do it. For one, Dubai is a rapidly growing city with much potential. It’s already a major hub for business and tourism, and it will only become more popular in the years to come. This means that there will be increased demand for commercial space in Dubai, which is good news for investors. Another reason to invest in Dubai commercial property is that the city offers a lot of incentives for businesses. This includes things like tax-free zones and a supportive business environment. So if you’re looking for a place to start or grow your business, Dubai is a great option. Also, Dubai is a great place to live. It’s a modern and cosmopolitan city with plenty to see and do. So why exactly is Dubai’s economy experiencing such strong growth? A key reason is the increasing number of foreign companies operating in the city. Dubai offers many business advantages, including its strategic location, skilled workforce, and favourable tax regime. These factors attract more and more companies to the emirate, which is driving up demand for office space and retail space. Another factor contributing to Dubai’s economic growth is the increasing number of tourists visiting the city. In 2019 alone, over 16 million tourists visited. This trend will continue in the coming years as more people become aware of Dubai as a holiday destination. The high number of tourists has led to a surge in demand for hotel rooms and serviced apartments, providing another opportunity for investors in commercial property. If you’re considering investing in Dubai commercial property, now could be a good time to do it. Conclusion: In conclusion, commercial property in Dubai is definitely worth investing in. Commercial property value in Dubai has been increasing steadily over the past few years, and there is no sign of it slowing down anytime soon. With Dubai’s growing economy and population, there is a high demand for commercial space, which will only increase in the coming years. As we mentioned, investing in Dubai’s commercial property has a lot of potential for profit. But it’s not a decision to be made lightly – be sure to do your research and consult with experts before making any decisions. If you’re considering investing in commercial property, Dubai is a great option.

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Reasons why buying a commercial villa in Dubai is the best investment?

Introduction Looking for a safe and profitable investment? Consider commercial villas in Dubai. In this blog post, we’ll explore why commercial villas in Dubai make such a great investment and is a wise decision. The city is constantly evolving, making it an ideal property investment place. Commercial villas in Dubai are also a great investment because they offer several benefits that other property types do not. Some of the main reasons why investing in a commercial villa in Dubai is a good idea include the following: Location Dubai is one of the most popular tourist destinations in the world, which means that there is always a high demand for accommodation. Commercial villas in Dubai are located in some of the city’s most desirable areas, making them an excellent investment. Rental Income Commercial villas in Dubai can be rented out to generate a healthy return on investment. The city is home to a large number of businesses, and there is always a high demand for a quality place. Capital Growth The property value in Dubai has been steadily increasing over the past few years, making it a great place to invest for capital growth. Commercial villas have outperformed other types of property in Dubai, making them a wise choice for investors looking to make money from their investment. Flexibility Commercial villas offer more flexibility than other types of property when it comes to use and occupancy. It makes them an ideal investment for those who want to rent their property or use it for business purposes. Tax Benefits Investing in a commercial villa in Dubai offers several tax benefits, including exemption from income tax and capital gains tax. It makes them an attractive investment for both local and foreign investors alike. What makes commercial villas in Dubai a good investment? There are many reasons why buying a commercial villa in Dubai is a good investment. Here are some of the key factors that make commercial villas in Dubai such an attractive investment: Dubai’s economy is booming The UAE’s economy has been growing rapidly in recent years, and Dubai is one of the key drivers of this growth. The Emirate’s gross domestic product (GDP) grew by 4.6% in 2018 and is expected to continue growing at a similar rate in the coming years. This economic growth is creating new business opportunities and driving up demand for commercial space. Commercial villas offer a great return on investment Investors in commercial villas can expect to see a healthy return on their investment. Rental yields on commercial properties in Dubai average around 7-8%, which is significantly higher than the returns from other investments such as bonds or stocks. And with prices for commercial villas still relatively low compared to other markets such as London or New York, there is also potential for healthy capital gains. Commercial villas are easy to rent out Commercial villas are very popular with businesses looking to rent an office or retail space. This is because they offer a number of advantages over other types of commercial property, such as being located in prime locations with good access to transport links and amenities. And with more businesses looking to set up operations in Dubai, there is high demand for quality commercial space, making it easier to find tenants for your property. The benefits of owning a commercial villa in Dubai There are plenty of benefits that come along with owning a commercial villa in Dubai. One of the main advantages is the rental income potential. Commercial villas are usually located in high-demand areas, which means they can be rented out at a higher price than regular residential properties. This results in a higher return on investment for the villa owner. Another benefit of owning a commercial villa is the possibility of capital growth. As Dubai’s economy continues to grow, property value in the Emirate is also expected to increase. This means that investors who own commercial villas in Dubai could see their assets appreciate over time, providing them with a nice nest egg for the future. Lastly, commercial villas offer more flexibility than other types of investment property. They can be used for various purposes, such as office space, retail outlets, or even as serviced apartments. This makes them a very attractive option for investors who want multiple income streams from their property portfolio. Why now is the best time to invest in a commercial villa in Dubai There are many reasons to invest in a commercial villa in Dubai now. The Emirate’s economy is strong and growing, creating new business opportunities. Commercial villas offer a great return on investment, with healthy rental yields and potential for capital growth. They are also easy to rent out, as they are located in prime locations with good access to transport and amenities. Now is a particularly good time to invest in a commercial villa in Dubai, as there is an increasing demand for high-quality rental properties. With the Emirate’s population expected to grow significantly in the next few years, investing in a commercial villa now could result in significant returns in the future. If you’re considering investing in property in Dubai, a commercial villa is a great option. With so many benefits, it’s no wonder they are becoming increasingly popular with investors. How to find the best commercial villa in Dubai for you? When looking for the best commercial villa in Dubai for your investment, you should consider a few factors. The villa’s location is key, as it will determine who your potential tenants are and how easily they can access your property. Look for a villa that is well-connected to public transport and close to amenities like schools, shopping centers, and parks. The size and layout of the villa are also important, as you will need to ensure there is enough space for businesses to operate comfortably. Finally, check that the villa has the necessary permits in place for commercial use. With these factors in mind, you can find a commercial villa in Dubai that meets your needs and provides a great return on investment. Conclusion There are many reasons to invest in a commercial villa in Dubai. The Emirate’s economy is strong and growing, creating new business opportunities. Commercial villas offer a great return on investment, with healthy rental yields and potential for capital growth. They are also easy to rent out, as they are located in prime locations with good access to transport and amenities. Commercial villas in Dubai are an excellent option for investors looking for a safe and profitable investment. With strong returns and easy rental potential, commercial villas offer a great way to make money in the booming Dubai real estate market.

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Guide to searching your first office for rent in Dubai

The UAE is a thriving economy, and all the world’s greatest and biggest business ventures are keen on setting up their businesses in the UAE. Specifically, when we talk about UAE, the first name that comes to mind is – Dubai. Dubai is one of the world’s most economically and technologically advanced cities today. Many eminent celebrities and politicians have invested in Dubai by buying properties and starting their businesses. Why Dubai? With the rise in the number of business ventures in Dubai, the renting and leasing spaces in Dubai have also increased. Dubai is also witnessing a huge rise in coworking spaces, where several freelancers and entrepreneurs have started working together for mutual benefit and better networking. For this reason, investing in purchasing commercial properties in Dubai can be intelligent. Through this investment, you can earn a fortune considering the rise in the number of business ventures in Dubai. Many people provide office for rent in Dubai. However, it depends on the nature of the business and the country’s laws. But investing in any Dubai commercial property can never be in vain. There are many office for sale in Dubai, so in this article, we will learn what you need to know before you lease your first office in Dubai. The DOs and DON’Ts of renting a space in Dubai Considering the basic human factors, the first thing you need to see while getting any office for rent in Dubai is the ventilation and the spaciousness. Your office space needs to be well-lit, well-conditioned, and properly ventilated. As Dubai is an arid country, and the atmosphere can be hot on some days, so air-conditioning in every corner of the office is a must. But this is not the only requirement. There are many other things to be considered. Your office space needs to be spacious and organized to motivate an environment of discipline and willingness to work. Otherwise, employees might not be willing to sit for long hours on the office premises, ultimately affecting their work. Let us see what other things we need to take care of: 1. Take advice If you are unaware of Dubai’s market and the value of its commercial areas, you must consider hiring an agent for this need. A real estate agent might be very helpful in providing insight on the best location to lease or rent an office space, which locality will best suit the nature of your business and which area will attract maximum footfall. When considering an office for rent in Dubai, a consultation from a real estate agent must be considered a viable solution for any recommendations and guidance. This is also important to eliminate legal problems while renting or leasing office space in Dubai. 2. The Budget While considering any office for rent in Dubai, you must consider the monetary aspects. Vital details like budget, turnover, hidden costs and charges, the cost of the legal documentation, repair and maintenance costs, security deposit size, etc., need to be considered before leasing or buying any commercial property in Dubai. If your business does well, you are good to go. But if anything turns sour, these charges and the rent can make you suffer huge losses. So, first, you need to be clear on your budget and then decide which area suits you best according to your needs and budget. One must also examine any probable rise in the rent and cost of the property dispensing on the changing market scenarios. This will help you be prepared for unforeseen outcomes when it is time to renew your lease agreement. 3. Terms and Conditions Unlike the shopping discount vouchers, the terms and conditions for renting and leasing commercial property in Dubai are not star-marked. So, you must read and clarify the leasing agreement beforehand. Even if you are giving your office space for rent to someone, you must clarify the terms and conditions with him before signing any legal document. This will help you to prevent any future conflict with the owner. Any terms and conditions like installation and building of cubicles, painting the walls, etc. must be mentioned in the lease agreement before going for any office space for rent in Dubai. 4. The agreement is the key The rent or lease agreement the two parties sign is the legal bond between them. Everything that needs to be mentioned must be mentioned in the agreement without fail. If you are leasing your commercial property to someone, you must be clear on the following points: The nature of his business.His capital backup.His criminal background (Police verification)The consistency of his business.The scope of his business in the market If any of the above things are not considered, there can be a potential loss. So, to avoid any hassle later, you must read the terms and conditions of the agreement and add or delete any clause in the agreement that you don’t concur with. Factors to be considered before leasing an office in Dubai One must consider many factors before looking for any offices for sale in Dubai or offices for rent in Dubai. Some of these are: Good and well-furnished offices are a must. They must be spacious and ventilated. The office environment should be employee-friendly, and the furniture must be designed considering human factors. This will ensure more employee dedication and productivity.Consider the proximity of your office to other competing companies and assess their impact on your business. For example, if you set up a food joint just outside a mall, it won’t be much successful because the mall already has plenty of food joints. Rather, a food joint in an area where most offices are located will be more advisable because the office workers might rush to the joint during their break time. So, the location you choose to rent or buy should be decided according to the business you run.Ensure enough parking space. Dubai is a rich country, so do not expect the employees to come on bikes and scooters. Also, if you have rented a coworking space, you might have to bear with plenty of vehicles daily. So, if your office premise doesn’t have enough parking, the employees will run hither and wither, ultimately taking a toll on their time and energy. The process of renting office spaces in Dubai There are probably a lot of legal formalities you will need to complete to be able to rent or lease office space in Dubai. But if you have already hired an agent to do that, you can relax. Otherwise, you might have to undergo a tedious process with the documentation and other things. Hiring a real estate agent can help you in this regard. While going for office space for sale in Dubai, you must consider mobility, facilities, and location. Once you consider these three things, you will find the best place to start your business. This will also help you retain your employees for a longer time. Once you find the right place to set up your office, you must first pay the deposit amount. This amount depends on the owner, but usually, it is the collective rent of 2 months. Next, you need to pay the brokerage to the broker who helped you find the estate. This broker is none other than your real estate agent. The same real estate agent will help you draft the rent or lease agreement in which all the terms and conditions will be predefined. Then, you must take a licence from the Dubai Electricity Department (DED). After this clearance and a few other documents, the place will be all yours. Do not forget to make any negotiations before signing the agreement. If you need anything changed or altered, get it done before signing the agreement. Find the right location Before you pay your rent or deposit or even start renting an office space, looking for the perfect location for your business is crucial. For example, if you want to open an IT consultancy, find a location that can attract the maximum workforce and is considered an IT hub. If you want to open an art gallery, make sure you open it in an area where maximum tourists visit so that your gallery gets maximum exposure. Based on your budget and other things, you must look for an ideal location to set up your business in. Conclusion Finally, it can be said that renting or leasing a commercial space in Dubai can be a very intelligent investment in your business. Depending on your business type, any commercial property is available for rent and lease in Dubai – offices, retail stores, coworking spaces, factories, warehouses, etc. But, one thing that needs to be taken into account is before going for any office space for rent in Dubai, you must consider hiring a real estate agent. He will guide and recommend you the best, depending on your business and budget.

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Commercial Leasing
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Guide to searching your first office for rent in Dubai

Sep 16, 2022

Can foreigners buy commercial property in Dubai? – A Complete Guide

Introduction Can Foreigners buy commercial property in Dubai? Dubai is one of the most extravagant countries in the world. It is famed for its tourist appeal and magnificent infrastructures. The Dubai skyline, the Burj Khalifa, and many other such iconic constructions add stars to the Dubai sky. Apart from this, the advancements in the infrastructure have turned this semi-arid Arab land into a concrete marvel. Many iconic and signature buildings add to the lust and luck of this state. Apart from this, nearby cities like Sharjah, Bahrain, Kuwait, Oman, etc., provide surplus employment opportunities to people from different countries. People invest millions and billions in buying property in Dubai because of its appreciating value in the market. The Dubai real estate market is as vast as it is becoming, and people from all over the world, including eminent celebrities, sportspersons, and politicians, invest in buying properties in Dubai. In this article, we will get an insight into how an expatriate can buy commercial properties in Dubai and what kind of properties in Dubai are available for foreigners. Policies for foreigners buying commercial property in Dubai Is it possible for a person to buy a property in a country he is not living in? The answer to this question varies depending on each country’s foreign and internal affairs policies. In the case of Dubai, a foreign national can buy property in Dubai, but with specific rules and regulations. Let us look at the laws one needs to follow for buying property in Dubai: A non-resident can buy property in Dubai on a freehold basis. However, the Dubai government has a specific restriction on where these properties can be purchased.A foreigner can buy properties in Dubai in only these areas:Dubai MarinaDowntown DubaiJumeirah Village Circle (JVC)Arabian RanchesDubailandPalm JumeirahAll these areas are permitted for buying and selling properties on a freehold basis. However, the prices of the properties in these prime localities are too high, but not high enough for foreign nationals.Foreign nationals can buy the following types of properties in Dubai:ApartmentsDuplexesLoftsHotel apartmentsVillas and Townhouses Let us read about what kind of properties can a foreign citizen buy in Dubai. Types of Commercial properties for foreigners to buy in Dubai In Dubai, the commercial real estate sector is enormous and offers a wide range of financing and industry opportunities, from completely furnished offices to specially designed factories. Below is a thorough master reference to properties in Dubai’s many economic sectors. It will help you allocate your funds more effectively to the regions where business growth is most likely to occur and will also give you an idea of how much these units will cost you to acquire or rent. 1. Offices Dubai is an industrial hub with great scope for any business. It is home to new, growing companies and big influential industries. Dubai also offers a wide range of office spaces to purchase and rent to foreigners. These spaces (rented or purchased) can be either furnished or unfurnished. However, basic furnishing is done in all the newly constructed spaces. The prime localities where these office locations are available for purchase are Business Bay, Jumeirah Lake Towers, the Sheikh Zayed Road, Deira, and Bur Dubai. The average selling price for office space in Dubai starts at $68,100 for a 25-35 sq. mt. area. However, for renting and leasing, the prices can vary depending upon the size of the rented area. 2. Coworking Spaces With growing numbers of businesses and startups, the concept of coworking spaces is becoming popular day by day. Coworking spaces require minimal capital investment in building offices and buying office furniture. Coworking spaces are also popular among freelancers as they get more opportunities for networking and making good contacts. These spaces allow you to design a workspace as a collective office, offering employees a more comfortable and corporate environment. The lower cost of renting the spaces due to the joint payment will also be an undoubted advantage. Hourly, daily, and monthly fees might be levied for the usage of the properties. Several well-known single and network coworking spaces, like Nest, Bureau Dubai, Nook, Our Space, and others, are also located in Dubai. Here, you can purchase a company to operate one of the already-existing locations or buy an office that you can customize to your needs and tastes. Most importantly, these locations are well-liked by IT professionals and are ideal for holding specialized lectures and seminars, performing services for authorized businesses, and serving as a treatment and spa, among other things. Usually, these properties charge around $2800-$19000, depending upon the area’s size and the office’s location. Also, the price may sometimes rely on the coworking space’s neighbouring offices. If you want to sit among prominent industrialists, you might have to pay more for such a coworking space. 3. Retail Stores Another excellent investment in infrastructure from Dubai’s perspective can be buying retail spaces. Commercial properties in Dubai always ensure maximum return on investment. And if you are keen on setting up your own business, then you need a lavish space to set it up. If you are setting up a retail store, you must ensure that it should be in a location in Dubai that witnesses maximum footfall and attracts shoppers. Purchasing retail units and shops in Dubai is a very profitable investment. This type of commercial real estate is in demand in any area or community of the emirate, and you can buy them both in the secondary and off-plan real estate market. These retail stores and shops should be bought in only prime locations like Jumeirah Lake Towers, Business Bay, International City, Dubai Marina, Meydan, DIFC, Downtown Dubai, and Dubai Silicon Oasis. Their area can range from 344 to 9,945 sq. ft, and the sale price of units starts from AED 150,000 (USD 41,000) and above. In addition to the areas mentioned earlier, Al Barsha, Deira, Jumeirah, and Bur Dubai,  offer rental options ranging from 99 to 37,996 sq. ft at prices varying from AED 15,000 (USD 4,100) to AED 4,000,000 (USD 1,090,000) per year. Other Factors However, one must remember that these areas are highly prestigious and prebooked. Sometimes they are booked at an early-bird price even before a construction stands up on the ground. These areas are high in demand and witness maximum footfall. So, the costs of the products you sell here will also have to be higher to compensate for the rent or lease amount. Apart from these three types of properties, there are many other types of commercial properties in Dubai that a non-resident of Dubai can purchase for investment or business expansion. These are showrooms, commercial buildings, villas, lands, plots, warehouses, factories, and labour camps. Things to remember There are various things a person should keep in mind before thinking of purchasing commercial properties in Dubai. Firstly, the real estates in Dubai are high in demand. So, it is not always possible for the landlord to keep a fixed rent. So, if you have rented a commercial place in Dubai, brace yourself for any increase in the rent amount as per the market rates. Secondly, the return on investment is quite evident in the case of commercial properties in Dubai. If you have purchased good properties, chances are you will make a profit of 4-8% per year on that property. This profit is in terms of the value of the piece of land you know plus the rent you will be charging from the renter. This is why many foreigners are interested in purchasing commercial properties in Dubai. If you keep these points in mind, your investment in commercial properties in Dubai will not go in vain, and you can earn a good income from the property you purchased. Either you can use it for your own needs, or you can rent or lease it. Either way, you are in profit. Benefits of buying commercial properties in Dubai for a foreigner Buying a property anywhere is never harmful. You must invest in real estate with a surplus amount and good capital. This can be a continuous source of earning for you. Besides, you can also use the property at any given time for your purposes. The benefits of buying commercial properties in Dubai are For foreigners, it is especially beneficial as they have a spare place in another country to go to. If you have bought a house or a hotel apartment, it can be given for rent for a couple of years. And after the completion of the time duration, you can use that property as a vacation home. What can be better than having a vacation home in Dubai? Secondly, it can be a good source of income for foreigners and help you get citizenship in Dubai at a later point in time. So, if the prices are hiked, you can either sell your property for a better price at a high-profit margin or keep it for yourself. Considering these benefits, we can say that buying commercial properties in Dubai can be an excellent idea for any foreigner.

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Best places to buy office supplies & furniture in Dubai

Dubai is the city of gold and business. Here, you can find thousands of business places decked up beautifully with top-notch and latest premium-quality furniture from the best providers. Suppose you also own an office in this city. In that case, you should also decorate it with the best supplies and furniture since incorporating good, relevant, and thoughtful pieces of furniture not only enhances the value of your office but also converts it into an energetic, professional, and active place for working.If you are from Dubai and looking for the best office supplies and furniture provider around you, you have come to the right place. In this guide, we have noted the top six leading office supplies and furniture providers, distributors, and installers in Dubai. So, if you need the best furniture for your office, keep reading this guide till the end, and explore the best places to buy office supplies and furniture in Dubai.Top places to buy office supplies and furniture in Dubai:1. WorkspaceWorkspace is a leading office furniture provider in Dubai with two other outlets in Rotterdam and New York City. It is a great office furniture manufacturer, designer, and supplier from where you can get all types of office furniture within your budget. When it comes to quality, you can trust the workspace, closing your eyes. It makes incredibly affordable, trendy, vintage, and edgy-looking furniture that can effortlessly enhance the elegance of your office space.From storage cabinets to chairs, desks, lounge cabinets, and acoustic furniture, you name it, and you can get it with workspace. Their highly professional team members are always ready to find and design the best furniture for your office premise to enable you to make a dream office. You can hardly find a customer-oriented office furniture provider like Workspace in Dubai. The best part of this store is that you can make customized furniture here. Following the conventional B2B method, the workspace takes care of all customers from project planning and designing to execution. Your office will stand out from other offices if you incorporate the edgy furniture from the workspace. So, make your workspace better today only with workspace!2. Office MasterIf you are looking for trendy and luxurious office furniture and supplies in Dubai, OfficeMaster is your final destination. Since the office is where you and your employees spend most of the time, it has every right to be nicely decorated with the most luxurious and over-the-top furniture. With Office Master, you can make your dream customized office any day. Along with furniture, you can get interior design and other services from here.Office Master offers a wide range of furniture, supplies, and other services, including office Chair, Visitor Chair, Leather Chair, Mesh Chair, Educational Chairs, Ergonomic Chair, School chairs, Counter Stools, Training Chairs, Office Stools, Reception Desk, Lounge Chairs,  Office Desk, Height Adjustable Desk, Workstations, Executive Office Desk, Coffee Tables, Meeting Tables, and much more. They ensure everything is according to their client’s requirements and goes with their offices’ colours and themes.Quality is another critical thing you must check while buying furniture. But, with Office Master, you no longer need to worry about quality. Check out their official website and place your order with Office Master soon!3. Office OneOffice One is our next pick, another leading office furniture provider all over Dubai and Abu Dhabi. Here, shopping offers plenty of choices with more than 100+ top brands and 5000+ products. In short, Office One has everything for every office. Here, you can get a significant thing like a drawer or durable table and small things like a highlighter or a ball pen that make this place unique.From office supplies and stationery, like, writing instruments, paper products, office essentials, mailroom and packing supplies, box files, and ring binders, filing accessories, green office, desk organizers, sign, display, and ID holders, cash handling, and key cabinets, to multiple boards, safe, and furniture, including chair and chair mat, decorating accessories, lighting, filing cabinets and trolleys, filing cupboards and covers, shelf, sideboards, drawer units, room divider, chubb safe, Valberg safe, you can find EVERYTHING at Office One. It is a one-stop destination for all your office supplies and furniture needs. It makes Office One the number one choice for many people from Dubai who can get comprehensive services here.The shop has set everything keeping their clients in mind regarding the price of the supplies. As a result, you can get your hands on all stores without investing lots of money since everything is exceptionally budget-friendly here. So, do shop from Office One at your early convenience.4. FurnicraftIf you are on a journey to making your office premise a special and sustainable place that encourages excellent working flow and learning, a good choice of furniture and other things is a must. Furnicraft LLC is a top-rated office furniture provider based in Dubai- the United Arab Emirates, that not only makes but also distributes and installs furniture for offices. Furnicraft has an office along with a showroom where they display all the products their company makes. The excellent features of Furnicraft are their premium-quality furniture, fast and affordable delivery, massive collection, and best price.Furnicraft provides furniture solutions for offices in Dubai online as well. So, if you do not get the time to visit their store to select supplies for your office physically, you can order anything online. However, seeing the store and the products before you make a purchase online is recommended to get value for money. The best-selling and top-rated furniture you can get from Furnicraft are different types of office chairs, all types of office desks, workstations and cubicles, meeting rooms, reception desks, coffee tables, sofas, training tables, flooring, public furniture, steel furniture, wallpapers and blinds, storage, fillings, and other stuff. Whichever piece you choose from Furnicraft, you can get their signature creative touch on all products. The durability, value for money, trendy looks, and best prices make Furnicraft a one-of-a-kind office furniture shop in Dubai.5. SAGTCOSAGTCO is another leading office supplies and equipment provider in Dubai best known for making, supplying, and installing furniture in their client’s offices according to their needs and preferences. SAGTCO has been in this field since 1995 and now has become one of the top-rated furniture distributors in Dubai. Their business is divided into three major divisions. You can find thousands of high-quality, trendy, affordable furniture ranges in the office furniture and interior fit-out division.You must always select your office furniture with knowledge, patience, and time. In that case, you can always receive the best assistance from SAGTCO and their team. Here, you can visit their store to get your hands on premium-quality hand-picked furniture, including trendy office screen panels, office meeting tables, customizable office chairs, office sofas, multipurpose chairs, office system furniture, desks, modern office workstations, and work units or partitions, high adjustable desks, executive furniture, and many more other products. Additionally, SAGTCO offers free space planning, highly customizable furniture, professional installation, and express delivery services all over Dubai. So come and visit the store at your early convenience and select brilliant furniture for your smart office soon!6. High MoonHigh Moon is our final pick from where you can get your hands on the new-age, fashionable, elegant, excellent, and incredibly inexpensive furniture and other products and services for your office in Dubai. In High Moon, you can get only good-quality products with the latest designs, colours, and look that will surely compliment the overall look of your workplace. From the executive desk, reception desk, workstation, conference table, and storage to an ergonomic desk, lounge seating, and a wide variety of executive chairs, you can get everything under one roof at an affordable price. Furthermore, after selecting the furniture’s size, colour, and designs at high Moon, you can get fast and reliable free delivery options. So if you are interested, visit the official website of High Moon and get your hands on the dream furniture and make your office premise a better place for work and growth.ConclusionThese, in short, were the best places to buy office supplies and furniture in Dubai. Office supplies are crucial and can make or break the aesthetic of office space. This is why it is So, all office owners from Dubai, get ready to visit the places mentioned above a get your hands on the affordable, suitable, and matching office furniture and supplies for your office soon. Make sure to keep the colour of the flooring, walls, and other decorations, the type of office you own and the size in mind for selecting the best office furniture today. Visit these places and choose the supplies you need for your office.

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Area Guides
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Best places to buy office supplies & furniture in Dubai

Aug 19, 2022

10 good reasons for businesses to migrate to Dubai

Dubai’s economy is flourishing, but new businesses are choosing to migrate there because of the city’s reputation for safety, quality education, accessibility, tax structure, and modern healthcare systems (as demonstrated by the city’s swift response to the coronavirus outbreak). Many areas of the economy, including trading, export, import, logistics, financial services, hospitality, event management, tourism, construction, and so on, have transformed the United Arab Emirates into a global trading hub and ultimate investment destination. As a result, the United Arab Emirates is a popular choice for many entrepreneurs because of various factors. The top ten reasons to do business in Dubai are listed here: 1. Growing economy of Dubai Despite the pandemic, the UAE’s economy remained robust. In other words, tourism rebounded the fastest in the world. Despite the Covid-19 situation, the United Arab Emirates plans for a brighter future by aiming to double its economy by 2030. Entrepreneurs, Investors, and creative minds can also use the country’s state-of-the-art infrastructure, superior connectivity, highly developed incubators, accelerators, investors, various incentives, and recent legislative modifications. 2. Ideal Location A suitable venue to conduct many economic activities, such as international trade (import and export), logistics, tourism (hospitality), and events (event management), Dubai’s strategic location allows for easy access to all three continents. Dubai is in the center of the 400-mile-long shoreline of the United Arab Emirates. Because it has sea and air access, Dubai is an ideal transit hub for products moving between East and West. 2.5 billion consumers in Gulf, Africa, Asia, and CIS nations may reach through Dubai. 3. Favorable Tax Structures and Regulatory for Businesses Interestingly, many entrepreneurs choosing Dubai as their base of operations are ex-pats from high-tax cities and nations like the United States, the United Kingdom, Switzerland, and France. In Dubai, profits are tax-free, yet it is vital to understand the tax rules of every individual’s home country. People who favor self-regulation highlight Dubai’s regulatory environment as an additional reason to go there. Corporate and personal income taxes and withholding tax exemptions are available in the United Arab Emirates’ 38 free zones, established to encourage foreign investment. The UAE’s economy is considered one of the most liberal and diverse in the Middle East and North Africa. Most businesses in Dubai are exempt from taxes, except for branches of foreign banks, hotels, and oil and gas corporations headquartered in the United States. Dubai does not impose any of the following taxes: Personal income taxValue-added TaxCapital gains taxCorporate TaxWithholding Tax 4. A Safe Place to Live and Work Entrepreneurs looking to launch a business in Dubai can find all they need in the city’s innovative design centers, startup hubs, and strategic collaborations. One of Dubai’s distinctive features is its emphasis on health and safety due to its status as one of the safest cities on Earth. Dubai is among the countries with the world’s lowest crime rates. While the world average is 6 to 8 crimes per 100,000 people, the number of severe crimes in the United States is only 0.5 to 1 per 100,000. Furthermore, the United Arab Emirates is one of the most stable countries. The United Arab Emirates has attracted many foreign investors and enterprises because of its high security and political stability. A safe environment is indeed necessary for a business to thrive. 5. Residency Permit A UAE provides Residency Visa if you open a business in Dubai or other Emirates in the UAE and your family members and expatriate staff. Having a UAE Residency Visa offers various advantages, including opening a current account in UAE banks, leasing an apartment for an extended period, and entering and exiting the UAE multiple times. Golden Permits, long-term residence visas that allow business owners and their staff to live and work in the UAE without the historical necessity of having a sponsor, were made available in 2019 to make relocation easier for businesses. In contrast to the past requirement that a company outside the free trade zone have a local partner with at least 51% ownership, these visas are awarded to qualified individuals and their families for 5 or 10 years, renew automatically, and offer 100% ownership of one’s business. The goal is to make the UAE more appealing to business people, particularly startups and business owners. 6. World-class Health Care Healthcare in Dubai is excellent, with top-notch facilities and highly qualified staff overseen by the Ministry of Health and Prevention. In addition to the government’s four hospitals, Dubai, Rashid, Latifa, and Hatta, more than 40 other hospitals in Dubai. Healthcare in Dubai provides healthcare accessible to all residents, and employers need to provide health coverage for their employees’ costs. Living a healthy lifestyle is impossible without finding something to do in Dubai. Fitness-conscious visitors and locals alike can enjoy the city’s pristine beaches, delicious cuisine, and bustling streets great for a stroll. Sports including skiing, polo, cricket, tennis, cycling, and camel riding are most popular. 7. Retain capital and profits in full Remittances of capital and profits are not subject to any limitations in Dubai. However, many businesses prefer to keep their money in the United Arab Emirates because of its tax-free status. In addition, there is no foreign exchange restriction in the UAE, and the US dollar and the UAE Dirham have a steady exchange rate of US$1.00 to AED 3.678. 8. Transportation and Infrastructure The Dubai International Airport (DXB) serves over 100 airlines and 260 destinations worldwide, making it one of its best public transportation systems. In addition, Dubai International Airport (DXB) is the world’s largest and fastest-growing passenger and cargo hub, according to the Airports Council International. You don’t have to be tense about finding an office, a retail shop, a manufacturing unit, or a warehouse in Dubai if you’re launching a business there. There has been a tremendous amount of new construction on a vast scale in recent decades in residential, tourism, industrial and commercial use. New highways, improved public transportation, and a new airport are all in the works. UAE’s infrastructure and transportation have been ranked among the best globally by the WEF Travel and Tourism Competitiveness Report. However, there was a significant gap between the quality of roads in the country and the quality of air travel, ports, and ground transportation. There are two kinds of ports: maritime and aviation. Dubai International Airport is the region’s largest airport and one of the region’s largest seaports (Jebel Ali Port). Importing and exporting items to and from Dubai may be done via sea, land, and air, so there’s no need to worry about the logistics of international shipments getting here or going there. 9. Corporations with a global reach Microsoft, HP, Oracle, Nokia, Sony, and Boeing are just some of the world’s most well-known multinational corporations with regional offices in Dubai. In addition, Procter & Gamble, Adidas, and BBC World have regional offices in Dubai. Moreover, numerous internationally famous colleges have campuses in Dubai, such as the American University, Wollongong University, Michigan State University, London School of Economics, Rochester Institute of Technology, London School of Business, and Hult International Business School. 10. Living standards Finally, the excellent quality of life and living conditions that one may enjoy in Dubai are another reason to choose the Emirate as a company location. Among the 160 countries studied, the UAE came first in the Middle East and North Africa for overall quality of life and 15th globally. Furthermore, the United Nations has recently placed the United Arab Emirates as the 14th happiest country. Therefore, you can be more productive and inspired by the pleasant environment while enjoying an excellent quality of life and living standards. As a result, Dubai has become one of the world’s most important cities. Businesses worldwide are interested in doing business in Dubai because of the government’s strong support for small and medium-sized enterprises (SMEs). Additionally, Dubai’s Smart City 2021 initiative is changing the city, revolutionizing government service delivery, encouraging private sector partnerships, and increasing happiness. In addition to drawing worldwide attention, Expo 2020 Dubai is expected to boost domestic travel, which grew during Covid. The United Arab Emirates’ position as a global melting pot is admirable, with 180 nationalities in the UAE. The Bottom Line While Dubai’s position as the world’s one favorite spot is undeniable, it will only get stronger in the future. More and more people are flocking to do business, work, and live in Dubai for all these reasons. Nearly 90% of Dubai’s population comprises expatriates from 200 countries worldwide. Primarily, they’re drawn to the Emirate by its commercial and investment opportunities.

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Investment
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10 good reasons for businesses to migrate to Dubai

Jun 06, 2022

Why is the UAE the top destination for industrial property investment?

Over the past few years, we witnessed healthy growth in the industrial real estate sector—warehouses, distribution centers, flex spaces, and other industrial buildings with storage facilities in Dubai. Year-over-year (YOY) rent growth has been positive and the availability rate has continued to decline. Property prices in the UAE will continue to grow in 2023, driven by supportive economic restructurings and an effective vaccination program that has brought hastened improvement from the coronavirus stricken slowdown last year. Over the next 10 years, Environmental, Social, and Governance (ESG) standards will have an impact on investor property investment and purchasing decisions in the GCC, according to a report by Mashreq, the Dubai lender controlled by Al Ghurair. According to CRC data, with 88% growth, the warehouse sector embellishes with the highest increase in commercial leasing in Q1 2022 over Q1 2021. The overall number of leasing transactions is up 7%. This is due to the increase in the stock that equals the demand for bigger storage spaces. The businesses in Dubai have no choice but to seek bigger warehouses for their expansions. Industrial Properties in the UAE will attract more investor demand, while the residential market will also see substantial growth. On the other hand, quality warehouses for the e-commerce industry continue to fuel demand considering the Middle East one of the most competitive markets for online shopping. This has proven to be a significant reason for the demand for warehouses, distribution sites, and fulfillment centers that support the fastest delivery shipping systems. Newly build facilities for warehouse rents, constructed to international standard, primarily located in free zones, ranged from AED 35 per sq. ft. per year during 2020. A number of small and medium enterprises are now seeking annual lease contracts and yearly rental escalation in comparison to three or five-year terms for their industrial units due to the constrained business environment during 2020. Along with that, many multinational occupiers are gradually finding asset-light models, thus presenting more excellent opportunities to participate in the industrial market through sale and leaseback structures, among others. Key Takeaways The requirement for storage and fulfillment centers has increased thus boosting the demand for warehouses in the region. Many retailers have swiftly adopted the digitalization and online sales trends after they posed challenges of lower spending and fewer shoppers in brick and mortar. The main drivers for these regional and global occupiers entering or expanding more in the UAE are the country’s efficient management of Covid-19, vigorous infrastructure, and ease of doing business. The rise in online sales in the past months has also played a vital role in businesses investing more and expanding to cater to sales trends. According to CRC, they recorded an increase of 32% in registered tenant leads as compared to the same period the previous year. The staggering 128% increase in demand for warehouses is also an indication of how the companies showed interest in industrial properties. The top reason for the demand for commercial properties is because the business that downsized during the pandemic started to get back to bigger office spaces. Changes in purchase patterns during the pandemic also pushed companies to expand their warehouses to meet the demand. Get in touch with CRC for your commercial or industrial property requirements in the country and receive professional help for buying, selling, leasing, or investing. CRC is the leader in Commercial and Industrial properties in the UAE.

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

Mar 17, 2022

What are the risks involved in property investment?

Dubai is one of the world’s most enticing expat locations. The warm weather, high standard of living, and low crime rate are just a few of the reasons why it has been dubbed one of the best cities in the world to live in. Plus, Dubai’s economy just keeps on growing, making the wealthy city a number one choice for those looking to enhance their career. The economic success of Dubai has even prompted many expats, business owners and retirees to buy properties instead of renting. This is a useful investment strategy which helps achieve some capital gains over time as their Dubai properties increase in value. However, as always, there are some risks associated with buying a property in a foreign country. Below we’ll share some information about buying property in Dubai and the risks associated with it. Is it easy to buy property in Dubai? Over the past 20 years, the United Arab Emirates (UAE) has become much more welcoming to forign investment. A variety of platforms have even been launched which are designed to encourage foreigners to invest in the country through starting a business or buying property.  The government have also been particularly proactive when it comes to assisting retirees, they even launched a programme in 2020 called Retire In Dubai. Benefits if buying a property in Dubai  Below are some of the benefits that come with purchasing a property in Dubai: Safe and stable country  Dubai has recently been named the safest city in the world (for women in particular) which makes it a great location to invest in a property for you, your family or your business. Reasonably priced real estate I know what you’re thinking, the UAE is one of the wealthiest nations in the world, right? Right! But surprisingly, it is still possible to find reasonably priced properties in Dubai, as opposed to other popular cities like Los Angeles.  Excellent rental yields One of the reasons Dubai is so popular with retirees, is the fact that rental yields can be extremely high. Investors have been known to achieve as much as 12% rental yield from property investments. Long term capital growth  The UAE economy is anticipated to keep on growing through to 2030 which means property prices are likely to increase. Although it is important to check the current condition of the market with a financial advisor before investing.  Is it safe to buy a property in Dubai? No matter where you are in the world, buying a property is a significant financial decision, so caution is always advised. We recommend consulting with experienced financial and property experts to ensure you have the most up to date information relevant to your location and circumstances.  Although generally speaking, it is relatively safe to buy a property in Dubai. However, the laws are slightly different in Dubai as opposed to other countries, which means running into a legal issue when buying or selling a property may lead to difficulties. To avoid these types of situations, it is important to always be diligent in your negotiations and consult with a lawyer to oversee any legal transactions. The Cost of investing in Real Estate in Dubai  The price of properties in Dubai have fluctuated over the years. However, the current price of Townhouses & Villas for sale in Dubai range from 1.5M to 16M and Apartments from 280K to 2.9M. Top Villa communities include:  Palm Jumeirah Jumeirah Island Jumeirah Golf EstatesEmirates Living Top Apartment communities include:  City WalkPalm Jumeirah Dubai Festival City Dubai Creek Harbour  Additional Fees Although the initial Sale price may be within budget, it’s important to note that there are some additional costs associated with buying a property in Dubai and these include Government, Mortgage and Agency fees.  The Risks  There are many success stories that have come from investing in property in Dubai. However, there can be some risks involved which you should be aware of, these include: Real Estate scams  Although Rare, some expats have fallen victim to scams from those posing as real estate agents. You can avoid this by performing background checks and hiring a good legal team to manage your transactions.  Choosing the wrong neighbourhood Although many parts of Dubai are extremely nice, there are some communities that lack relevant amenities that buyers, renters or businesses will prefer. Avoid this by making sure you have conducted relevant research into the right neighbourhood to fit your circumstances.  Choosing an area with lower rental yields Receiving excellent rental yield is one of the best reasons to invest in property in Dubai. It’s possible to gain 7% for a villa and as much as 12% on an apartment. Although, this isn’t true for some parts of the city so make sure you do your research to learn the parts of the city that are best for this.  The UAE economy may decline  Like any economy, there is always a risk of decline, however the UAE government is aware of any risks for the future and are taking action to promote sectors that will ensure their economy continues to grow.  Overall, there are both benefits and risks involved with investing in property in Dubai. The surest way to succeed is to ensure you complete in depth research and work with trusted professionals. If you are interested in purchasing a commercial property in Dubai or Abu Dhabi, get in touch with one of our trusted agents today. They can help you every step of the way, ensuring a smooth, stress-free process and guaranteed professional support.

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Investment
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What are the risks involved in property investment?

Feb 21, 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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Commercial Leasing
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Top Business Opportunities at Dubai Expo 2020

Feb 03, 2022

How to get a loan for a commercial property

Financing a commercial property through a loan can be challenging, with most people, therefore, opting to pay for their property in cash or through other financing options. With that being said, a commercial loan is possible and is a completely legitimate way of purchasing your property. Before deciding to apply, there are some aspects of this type of loan that individuals should know.  Commercial loan rates are highly variable Whilst interest rates on commercial properties are generally higher than that of a typical loan, they are also highly dependent on the client’s personal circumstances as well as the property that they wish to secure a loan on.  Individuals should also be aware that there can be hefty prepayment penalties if you are in a circumstance to repay your commercial property loan before its completed term. As such careful thought should be made about creating reasonable timeframes for your loan repayment, factoring in both high-interest rates and prepayment penalties. Certain factors that can come into play include the property developer, the age of the property, as well as whether the property is going to be used as an investment or if it’s for the client’s company. The loan to value rate should also be taken into consideration, as for commercial properties, they can be very low, with most banks generally requiring a 40% down payment.  Study the market  Before deciding on purchasing a commercial property, individuals should study the market carefully. Firstly, you should understand what type of property you want. The commercial property encompasses a wide range of building and property types, including office space, warehouses, retail units, or even purpose built properties such as schools or hospitals. Potential buyers should carefully consider the reasons for choosing a commercial property. Will you be the end user or are you planning on using the property as an investment opportunity. It is important to also research different locations and compare average prices. This can be done by looking at commercial real estate market reports or by discussing them with a commercial property specialist. Before starting any finance application, you should determine what you are willing to pay and how much you are willing or able to part with in terms of loan repayments. This may also help decide what type of property and areas are available for you to purchase into.  Find a broker experienced with commercial real estate A broker experienced in commercial real estate will help their client evaluate their different options, help them make an informed decision about what they should purchase as well as applying for a pre-approval on your behalf with the bank. Not only would an experienced broker ensure a faster application process with the bank, but will have much greater negotiating and bargaining power when it comes to discussing the terms of the loan.  Inform the bank of your choice  Once you have secured pre-approval with your mortgage broker,  and decided on a property, the bank will then perform a valuation of the property and decide if it is worth the price you have agreed. Provided the bank approves, you will then get an offer letter to accept the loan and you can proceed with purchasing your commercial property.  If you have any other questions or queries about getting a commercial loan, then contact one of our expert advisors, who will be able to talk you through the entire process and make it as smooth and seamless as possible. 

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Investment
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How to get a loan for a commercial property

May 05, 2021