Commercial Leasing

When someone says Dubai, the first thing that springs to mind is wealth, beauty, and glitz. Instead, Dubai is a shining example of successful development. The arid city has given way to massive skyscrapers and shopping malls. The Burj Khalifa, the world’s tallest building, is one of the city’s major attractions.The sheer growth of this city’s economic and commercial aspects is enough to urge you to pursue your business enterprise. There are numerous advantages to doing business in Dubai, just a few reasons many professionals recommend.If you heard it, then you heard it right. Business in Dubai is indeed booming. Dubai is an ever-evolving city, and when it is about industrial and business success, it holds the utmost importance.One of the most prevalent questions from start-ups is what are the best places in Dubai for having warehouses for your company. This article will discuss the top 5 best places in Dubai to rent warehouses.Al QuozIt is critical to recognize that not all warehouse facilities are evenly distributed if you are a company owner seeking warehouse space to buy or lease. Initial research can save you energy, cost, and frustration if you choose a warehouse location that isn’t a good fit for you and your company. However, you won’t have to do any research because AL Quoz is regarded as one of the best real estate options for warehouses.Al Quoz is the most famous region in Dubai for renting industrial and manufacturing warehouses. Its prominence stems from its centralized spot and convenient proximity to main highways such as Sheikh Zayed Road, among the city’s largest and oldest industrial sites.Those seeking a warehouse to rent in Dubai Al Quoz can find many options for urban and business use. The remarkable thing would be that a warehouse for lease in Al Quoz, Dubai, comes in various sizes. Some warehouses in Al Quoz provide offices and restrooms for rent, while others include parking areas. These vast warehouses host many vehicle service facilities, art museums, and handicraft shops. A warehouse for rent in Al Quoz, Dubai, costs approximately AED 195k. However, charges vary substantially based on the warehouse scale you select.Ras Al KhorStoring, manufacturing and transport are just some of the uses for warehouse and industrial sites. Each industry you look at will have its unique set of regulations and duties, so carefully consider the building’s stated function and address the owner and selling broker pertinent questions to check the space matches your needs. It is essential.Ras Al Khor, located between Dubai-Al Ain Road & Sheikh Mohammed Bin Zayed Drive, is the 2nd most excellent sought region in Dubai for renting warehouses.Ras Al Khor, situated inside the city’s suburbs close to Nad Al Sheba, is a famous place for both residential and retail warehouses for lease in Dubai.In Dubai Ras al Khor, you can acquire a well-maintained storehouse in various sizes to fit your company’s needs.The neighbourhood is also well-served by RTA public transport, and the manufacturing industry contains basic amenities such as mosques, eateries, and cafés.Ras Al Khor is also adjacent to International City’s rental complexes, providing affordable accommodation alternatives that might significantly benefit your employees. Those looking to rent a warehouse in Ras Al Khor will know that the average annual cost is AED 127k.Dubai Investment ParkYou’ll need to think about cubic floor space compared to the accessible floor space in manufacturing. It is where the level of the ceiling plays a role. Remember that you always have space utilization if you need to pile products, cartons, or pallets. There’s no point in renting a building with a vaulted ceiling if you don’t need storing area. If you choose Dubai Investment Park warehouses, you may avoid all of these headaches because they will take care of the minimal minimum.Dubai Investment Park, a mixed-use project, is ranked third among the best places to hunt for buildings for lease in Dubai. At Dubai Investment Park, Warehouses for rent are equivalent to AED 178k per month. While DIP is a giant industrial area that accommodates moderate to heavy industry, organizations that provide storage services will benefit from renting a warehouse in DIP Dubai.The city’s closeness to the Jebel Ali Port and Al Maktoum International Airport and good accessibility to Sheikh Mohammed Bin Zayed Road (E311) and Emirates Avenue (E44) make it a perfect location for warehousing and transportation businesses. DIP Stage 2 of The project is available for rent to anyone looking for a facility in Dubai Investment Park. Warehouses have been outfitted with garage and storage areas, workplaces, and sometimes even mezzanine floors in these locations. In addition, amenities such as mosques, eateries, and shopping establishments are close by.Jebel AliRegular storage activities include determining whether or not capital costs will be used in the contract. Consider what your agreement covers and doesn’t, such as roofing needs, taxes, coverage, and upkeep. As the tenant, you may be liable for some or all of these expenses. In addition, you might inquire about customary charges, such as who will be responsible for the grass and rubbish collection. Your main objective is to find facilities that can manage your traffic while maintaining your assets safe in the meantime. However, in Jebel Ali, you won’t have to be concerned about operating expenditures.Jebel Ali ranks fourth on this list of best places to rent buildings in Dubai, and it’s simple to understand why. Jebel Ali is close to Mina Jebel Ali, the port region, and has easy accessibility highways such as Sheikh Zayed Road (E11) and Sheikh Mohammed Bin Zayed Road (E311).It is also conveniently located near the Al Maktoum International Airport and the Expo 2020 venue. The Jebel Ali Commercial Zone is a beautiful place to look for low-cost warehousing in Dubai. These buildings have industrial and minor production units, primarily used for warehousing. AED 281k is the median price of renting storage in Jebel Ali.Al QusaisMake sure to inquire about the property’s power source with the owner to confirm that it satisfies your electricity demands. Consider whether the building would have enough power outlets before renting it out. Make sure you have enough electricity for recharging and day-to-day activities if you plan to deploy large electric cars inside the facility. Hiring an electrical expert or electrician to analyze and evaluate any industrial building you’re interested in leasing is preferable. They’d be ready to discern if the structure has adequate current and power to avoid catastrophic situations like a transformer getting blown up.The neighbourhood of Al Qusais ranks last as one of the most desirable housing options buildings in Dubai. Al Qusais’ commercial sectors, Al Nahda and Muhaisnah are placed close to the Dubai-Sharjah boundary. As a result, a storehouse for lease in Al Qusais Dubai is ideal for storing in sectors such as FMCG, electronics, vehicle components, food, and furnishings.Nearby these facilities, numerous public transportation alternatives exist, including RTA city transportation and Dubai Subway lines. These buildings are also adjacent to Al Qusais housing estates, where you can find low-cost homes to rent. This can be a significant determinant if a corporation is willing to accommodate its employees.AED 128k is the gross price storage value in Al Qusais.Things to understandDubai is now the most famous place for individuals wanting an opulent and exhilarating lifestyle, attracting investors worldwide. Historical sites, impressive residential complexes, majestic skyscrapers, boundless commercial growth potential, and thrilling nightlife are just a few of the attractions in this city.Dubai is becoming a worldwide centre for trade and entrepreneurial skills due to its business-friendly architecture and regulations. If you’re considering launching a business in Dubai, understanding which areas offer the best commercial property portfolio could be crucial to your organization’s growth.In addition to being a perfect holiday spot, the city of Dubai has much more to offer. Especially if we are talking about business and enterprises, Dubai provides every resource a business may want in their venture, whether a small business or already an established one. All you have to do is research all your business queries. For instance, finding the locations for perfect warehouses in Dubai is not a complex task. Now more than ever, since we already mentioned them in this article. Warehouses are undoubtedly an integral part of the business. Therefore, you should do your research and ask every question in your mind to know the ins and outs of a placeConclusionRegarding hiring storage space, security may be the most critical consideration. If you have some valuable things in your warehouse, you’ll want to keep them safe. You will suffer with financials if your facility is stormed and your products are taken.

The first thing that comes into mind when someone mentions Dubai is the riches, the glamour, and the glitz. Dubai is a prime example of development at its best. The city of deserts has shifted into giant skyscrapers and shopping malls. And one of the top attractions and the world’s most significant building, The Burj Khalifa, is in this city.It is a no-brainer why people prefer having a lucrative career in this city. Due to many employee advantages and revenue proposals, it is an option that is hard to say no to. However, when the discussion is about Commercial And Business Insurance, you need to understand that it is that kind of insurance that provides you with the required solutions for the industrial sector. Be it logistics, telecommunication, production, and textile, Commercial and business insurance in Dubai offers the much-needed safety net for business when it arrives.Now that you have the basic understanding of commercial business insurance, it is equally essential that you have the basic knowledge of many types of insurance out there to know and understand this insurance for a clear emphasis. The type of Commercial and business insurance depends on a multitude of aspects. That being said, here are some of the Commercial and business insurance that you need to know:1. General Liability InsuranceOkay! Let’s start with one of the most well-known business insurance, General Liability Insurance. So what is General Liability Insurance? General Liability Insurance is there to assist you in protecting or safeguarding your business or organization from any claims it has caused.For instance, it can be a physical injury of an employee or other members; General Liability Insurance is there for you. Or accidental damage of properties or belongings of any of your employees and co-workers, General Liability Insurance is there! It also comes into your assistance regarding times of a personal injury. General Liability Insurance is as essential as it can be in the business world. 2. Professional Liability InsuranceNobody in this world is perfect. Everyone has their flaws, and not a single person in this world can always be at the top of their work without making a single mistake. We are all human beings, and at some point in our lives, we do make a mistake. But a mistake is a mistake. And this is where professional liability insurance comes in to help you.In your business venture, there are times when you fail to deliver your promise to the utmost extent you can, or you slip and make a mistake with a service that you provide. Professional Liability insurance in Dubai helps you deal with those lawsuits regarding that. While many professionals are familiar with the term professional Liability Insurance, it is often regarded as Errors and Omissions Insurance, which, if you ask, makes total sense. 3. Commercial Property InsuranceIs it one of those things that your fight with your landlord regarding the apartment you have been living in? Well, not really. This is a big misconception among the people outside when they first hear such a term.Let’s say there’s a building that you rented when you first moved into Dubai. And over time, you are growing as your business. What Commercial property insurance does is it protects or safeguards your rented building and the many of the pieces of equipment that you use daily as an integral part of your business.Please remember this insurance does not cover you from any natural disasters. If you wish to get such insurance, it is highly suggested you look for a separate policy to aid you in those worries. 4. Data Breach InsuranceWe live in a world of technology. And technology is constantly evolving. Unfortunately, so does the risk of data breaching. No business in this world currently does not depend on or revolve around technology. Due to the immense benefits it brings, it is no wonder why technology is an integral part of your business. But with that comes more risk. And data breach insurance is here for you.It assists you and your business when there is a data breach and personal or confidential information regarding your business has either been stolen or lost. Though it can’t be undone, Data breach insurance may help you let the impacted individuals know about the incident. It also takes the initiative to produce a public relations campaign. It is often also known as cyber coverage insurance. 5. Shopkeeper’s InsuranceNow that you have understood the business insurance, let us go into Commercial insurance in Dubai. At the top of the list, there is shopkeeper insurance. If you own a small business or retail, you are most likely supposed to be familiar with many insurances covering different aspects.According to the policy phraseology, this insurance program covers shop structures and goods, home invasions, theft, cash coverage, bicycles, signages, luggage, personal injuries, and liability. 6. Liability InsuranceIn Dubai, there is not a single person in the sector who does not know the full extent of liability insurance. There are quite a few compelling liability insurances that offer so much. Each one is different from the next. You can do your research and have the best one on your side that you think will fit your requirements.This type of coverage is primarily designed to protect major multinational corporations from commercial liability concerns in a variety of locations throughout the world. It usually includes bodily harm, damage to infrastructure, potential litigation, clinical studies, product recalls, and workers’ insurance, among other things. 7. Employee Benefit InsuranceEmployees and workers are the strong pillars of a successful business. Happy and motivated employees lead up to better results. It is one of the most important mantras for successful businesses. And an employer benefit insurance guarantees you, happy employees.These plans, such as corporate medicare advantage plans or corporate accident insurance policies, will preferably offer health insurance coverage to firms’ workers. 8. Bankers Indemnity InsuranceAs you know, Dubai is an ever-evolving city. Gone are those days when the first thing that comes into mind while mentioning Dubai was the desert. The city is now the pinnacle of development. And with growth comes many different banks throughout the city. And banker’s indemnity insurance in the city is the perfect thing to complement these big banks.These plans are directed at banks and encompass all bank locations. The policies cover money or assets lost on facilities, transportation, fraud, deceit, hypothecated commodities, recorded postal losses, and appraisers. 9. Personnel Compensation InsuranceMany in the sector are under the impression that they don’t need any worker compensation insurance as the work premises are so enhanced there won’t be any necessity. But the danger doesn’t come with a warning. No matter how safe your workplace is, you can never know when a disaster will happen. And thinking about buying your way out of it, everything it happens is a big NO.Workers ‘ compensation insurance is usually required for a corporation with more than one worker. When considering the cost of an employee’s compensation policy relative to the expected lawsuit price, it’s clear that being assertive with adequate coverage is the way to go. Out-of-pocket costs that are usually handled by an employees’ compensation policy – from lost earnings to healthcare – can result in significant losses for a corporation. Catastrophe or severe injuries may – and do – occur in even the most meticulous and healthiest work conditions. Therefore, it’s always best to be protected and ready for any eventuality, no matter how unlikely. 10. Erection of All Risk InsuranceMachines and machinery are an integral part of any organization regardless of whether your corporation is technical or non-technical. And no machine is perfect, and not all installations are done right. Therefore, at the darkest times regarding technology, it is a must to have all-risk insurance.This policy provides you coverage regarding machinery and any installation or equipment damage that comes your way. It is highly recommended to have it at your disposal. It protects the contractor and the employer from physical harm on the premises. In addition to all these, this insurance policy also provides coverage to third parties. ConclusionDubai is indeed the city of glamour and glitz. In addition to being your perfect gateway, this city has much more to offer regarding business and insurance. And the development of the city is a perfect example of it. Insurance in Dubai protects your business from various dangers that may arise during routine operations. Choosing the right commercial or company insurance can be difficult, but knowing what to look for can help. Give the article a read to explore more about the various kinds of insurance available in Dubai. Irrespective of the requirement, you will find the perfect insurance plan of your choice. 

In this modern era of financial fluctuations, property is one of the fixed assets that come in handy. You can forget trading securities or other assets by just focusing on the property business. Now, there are two different types of properties: 1.    Residential property As the name indicates, residential property refers to zones or areas specified for living or dwelling purposes. It may also be a residential rental property where houses or buildings are rented to tenants for only living causes and not for business. 2.    Commercial property You must have commonly heard ‘Commercial property or commercial real estate.’ It refers to non-residential buildings and dwellings that provide property for income generation and earning profit. Despite the new wave of Online Commerce, many businesses and companies still rely on brick-and-mortar buildings to offer the best services to their consumer base. So, a website-browsing trend will never be able to eliminate the significance of having a commercial property. Did you know? In the US alone, the commercial real estate market was about $16 Trillion in 2018. Such is the potential scope of this market, and it doesn’t seem to be diminishing anytime soon. Types of Commercial Property For future reference, let’s explore what kind of real estate comes under the heading of Commercial property. 1. Office space Office space includes all the office buildings available for rent for commercial purposes. 2. Industrial space As the name indicates, it is the space used for industry, including heavy manufacturing, light assembly, and bulk warehouses, mixing industrial space with office space. 3. Multi-family properties Such residential rental properties with more than five apartment complexes are considered commercial property because they generate rental income for the owner. 4. Retail Any buildings used for retail purposes, ranging from single storefronts to strip malls and shopping centres, constitute the retail properties and come under the commercial real estate category. 5. Hotels Hotels are commercial real estate, whether large, small, or barely existing in terms of space and functionality. 6. Mixed-purpose properties Mixed-use properties are typically any combination of the above category properties. An example includes multi-family apartment complexes with retail spaces on the ground floor. 7. Mixed-purpose properties Any property that does not fit the above categories would be considered special-purpose, such as amusement parks, zoos, parking lots, etc. When there is talk of commercial properties, you will automatically find yourself delving into the topic of commercial property insurance. What is Commercial Property Insurance? Commercial property insurance can be defined as the premium you pay to cover a commercial property from multiple risks, including fire, theft, and natural disaster. Nowadays, most businesses, like manufacturers, retailers, service-based, and not-for-profit organizations, all carry commercial property insurance, giving massive financial protection for the long run. Generally, commercial property insurance gets bundled together with other forms of insurance, such as commercial general liability insurance. Commercial property insurance can be a significant expense for businesses that use expensive equipment, such as railroads and manufacturers. Still, the end benefits are more than enough to compensate for this expense. Here, commercial property owners enjoy the same protection as property insurance provides for their consumers. Businesses can usually put the cost of commercial property insurance premiums under the category of expenses. Regarding its downside, this insurance does not cover losses arising from tenants using the building, like if they cause some damage during their stay. There are some situations where even if the commercial property insurance doesn’t cover the cost of loss, such loss can still be added by endorsements. Like employee dishonesty, steam boiler breakdown, flood, earthquake, and crime. Not all of your business or commercial property is covered with a commercial property insurance policy. So, it would be best if you did not accept it at face value that everything gets added to the insurance package. For instance, you might need additional insurance for commercial autos, signs not attached to your building, and outdoor fences. Commercial property insurance is gaining popularity in the UAE, specifically the Dubai and Abu Dhabi areas, because of the blossoming new trend to own a commercial property. Factors determining the cost of a Commercial Property Insurance Numerous factors come into consideration while evaluating the cost of commercial property insurance. 1. Location The location of your commercial building matters. Suppose this building exists within a city with excellent fire protection nearby. In that case, it will typically cost less to insure than buildings outside a city or in areas with limited fire protection. 2. Construction Buildings made of potentially explosive materials will have higher premiums, like using wood partitions, floors, and stairways. In contrast, those made of fire-resistant materials could even merit a discount. Did you know? Your building’s fire rating gets easily influenced by various elements. Before remodelling, you should consult an insurance agent or company as additions to an existing structure might affect a fire rating, changing the insurance amount. Fire-resistant interior walls, floors, and doors can also play a significant part in maintaining a good fire rating. 3. Geography An insurance agent also gets accounted for the geography factor as your business may face environmental risks, such as flooding, tornadoes, etc. The Land value in a specific area can also affect what premiums you pay. For instance, Dubai and Abu Dhabi in the UAE are considered highly in demand because of their booming tourist, economic and home-buying sectors. The premiums charged here are expensive compared to other less-competitive regions. 4. Size of Business Premises A large factory building or commercial office will likely cost more to insure than a single rented room. 5. Safety and Security Many questions can arise about your commercial property’s security conditions. Like: Is your business or real estate located in a high-crime area?Does your company possess or dabble in toxic or hazardous materials?Do you have the latest security measures? All these queries can affect insurance rates. 6. Occupancy  A building’s occupants influence its fire rating. An office building will most probably rate better than a restaurant. A single hazardous occupant among the whole building occupants can negatively affect the fire rating of the entire building, causing the premiums to get higher. 7. Type of Equipment The nature of the equipment determines the insurance rate. Heavy industrial equipment like a machine in a giant steel mill will cost more to insure than an at-home business’s sewing machine. 8. Age of Equipment You may be forced to pay higher insurance premiums if your equipment is hard to repair because of scarce parts or if it is more likely to break down because of heavy use. 9. Types of Hazards Covered A commercial insurance policy covering all the open perils costs more than a policy covering named perils. Open perils coverage protects against all losses except those expressly excluded in the policy. Named perils coverage is the coverage that only protects against losses listed explicitly in the policy with their exact names. Similarly, an “All Risks” protection commercial Insurance in Dubai and Abu Dhabi area provides broader coverage for loss or damage from any causes except those expressly excluded under this insurance. Such insurance may include: Fire and LightningAircraft damageExplosion & Implosion Storm, Tempest, Flood, bursting and or overflowing of water tanks or sprinkler leakageEarthquake ShockBurglary, attempted theft (by violent and forcible entry to or exit from the premises), accidental, and many more Insurance Rate Determination Although multiple factors determine how much a company should pay for commercial property insurance, the value of a business’s assets is a primary factor. A company or a commercial property owner should take an inventory of their physical assets located at their property. This information will help decide what level of coverage the business should get in a claim. Although this is a crucial insurance category, things can be more complex than they seem when practically calculated. It can be beneficial to consult a commercial property insurance agent or company for an in-depth analysis of your real estate and get the best insurance coverage at a reasonable price. Benefits of Having Commercial Property Insurance Some of the advantages to paying commercial property premiums are: 1.     Financial loss coverage This insurance highlights that any potential financial loss bore by a business or property gets covered, keeping the company floating well. 2.     Builds Credibility An insured business appears more credible than an uninsured business. Such insurance can reassure a company’s suppliers and customers that there is a possible way out for them if the business cannot honour its commitments. 3.     Strong Backup plan You get to protect your business in case of an unexpected or unpleasant surprise in the future. In Conclusion Commercial property insurance rate determination is the sum of many vital elements that should be wholly considered. The importance of having your commercial property insured cannot be denied in light of the tremendous benefits achieved. It particularly stands true for the Dubai and Abu Dhabi areas in the UAE with their highly competitive and evolving commercial real estate market.

Parking areas are an essential component of commercial buildings. Without a proper parking area, people will face difficulty entering the area. In the best-case scenario, they may choose to go elsewhere to shop where they find a better parking area. The UAE government has made some policies to overcome this issue. These policies ensure ‌commercial buildings provide adequate space for parking. What is a Retail Parking Ratio? The retail parking ratio is a mathematical figure with the help of which you can compare the commercial building size and the number of parking spaces it must have. For the commercial or retail buildings, you can also use several places for the parking area in the building. Sometimes, unique buildings have a minimum exit point. Therefore, parking design varies from building to building. What is the Standard Calculation for Parking Ratio? Let’s move on to the actual calculations for parking demand. There are several ways of doing this calculation. You can calculate the parking for a commercial building by dividing the total square feet of an area by one thousand square feet. The division by one thousand is essential because the final ratio that will come out after calculation will be the number of parking spaces in the commercial building per thousand square feet. In this way, you will get the correct ratio for commercial parking. Example For Parking Ratio To explain the parking ratio, you can understand it better through an example. Here you can take the commercial area of 40,000 square feet. To get the parking ratio, you need to divide it by 1000 square feet. The ultimate value you will get is 40.  Suppose you want the parking space for eighty cars. For illustration, divide it by 40. The last value that you will get will be 2. It will give you two parking spaces per every thousand square feet in the building. Methods for the Calculation of Parking Demand in Abu Dhabi In the United Arab Emirates, you can observe a keen transformation over the last few decades. The government has made changes for economic and social betterment. With the growth in these departments, ‌parking space has become a significant problem for residential and commercial areas. In Abu Dhabi, in 2009, the Department of Transport ran a land-use survey in 46 sectors to observe the parking problem. Once the department had completed the study, the report revealed that some areas have much higher parking demand. You can take this survey as the basis of calculation for the parking issue. This survey also helps to increase the parking supply for commercial buildings. Method 1. Parking Survey Data Parking survey data is one of the well-known methods used to calculate parking issues. This survey ran in the 46 sectors of Abu Dhabi to estimate the parking demand. This survey gives you data on parked vehicles at different times of the day. It shows the utilization of parking spaces available. Also, it reveals the actual demand for more parking spaces. Method 2. Land Use Based Parking Demand Calculations The Department of Transport (DoT) in Abu Dhabi uses this method to check land and estimate parking demand. The technique requires land-use input values: parking rates and land utilization. Explained Method For Parking Demand Calculation For the deep analysis of parking demand, there are a couple of factors to consider: D shows the demand for cars per dayR indicates the number of vehicles per parking spaceThe B1 is the area you need to construct, while B shows the site for the building you measured before. This area serves several activities. If this area is a commercial building, it will attract 10 people per day per employee. Similarly, if you are constructing a commercial building, you need to consider G’s growth factor regarding time. Growth factor G will measure the traffic rate per year in Abu Dhabi, where you are considering developing a building. For example, you are constructing a commercial building; you don’t have any other buildings around it yet. Suppose you estimate that adjacent buildings around you will be residential and your facility will be for commercial purposes. You are considering constructing it so that your establishment will‌ compensate for the parking demand of adjacent buildings. For that instance, you need to look at the growth rate of the population in the future. Also, estimate the present population and the number of homes with vehicle facilities in that area. After all the calculations and estimations, the calculation for parking demand will be CPD = D/R * B1/B * (1 + G) Years The number of years you will use in the formula will depict the time required to construct the building. For more accuracy in parking space management, you can use the software. The software will give you a clear idea of barrier placement for uniform queues in parking lots. The barrier should not split into the public area and adjacent roads near the parking lot. You need to make parking spaces for each type of car and different car sizes. Similarly, the formula should fulfil the parking requirement for each type of car to avoid the after-construction mess. Also, parking space means that each type of car has enough space to turn to each corner of the vehicle with zero difficulties. The Example Of Formula For Parking Demand Calculation Now let’s see the formula through an example. The formula for parking demand calculates the parking space number into the average time a car rests in the parking lot. If the parking space is full with four cars during peak time, you have 150 spaces for that instance. The parking supply you provide is for 600 cars in peak time. Similarly, if you estimate the parking time of each car, it will be around twenty minutes in the lot. For instance, if you take the traffic growth rate of Abu Dhabi to 2% in a year. It will give you an estimated traffic growth rate. In the same vein, if you want to calculate the traffic growth rate for the next twenty years of Abu Dhabi. The formula will be like (1 + 0.02 )^20 = 1.49 For the next twenty years, you can expect 350 cars during the peak hour into 1.5, which is the round figure of 1.49 from the above calculation The resulted calculation will be 350 * 1.5 = 525 cars. The demand-to-supply ratio is 525 / 600 cars in parking spaces available during peak time. The ratio is 0.8, which is adequate for the parking lot. The above-stated points are for a long-term integrated approach to the parking problems. Other Workable Solutions To Compensate The Parking Demand In Dubai And Abu Dhabi As a tourist hub, the growth and development are quick in the United Arab Emirates areas. Therefore, city developers need to take an alternative approach to the upcoming parking problem and provide long-term solutions. Meeting The Parking Demand People often ask the MAWAQIF to complete the parking demand, especially during peak hours in commercial centers. But according to MAWAQIF, increasing the parking supply will not resolve the issue completely. They have to observe the certain factors which will increase the parking demand in these locations. ●     Effective Use Of Existing Parkings Sometimes the parking shortage happens because of the lack of information about the right parking space in the commercial center in Abu Dhabi. MAWAQIF made it easy to display the direction of parking space areas through brochures and other sign elements. It will lessen the headache of motorists in finding the right space for parking. ●     Remote Parking Services This service effectively overcomes the parking shortage in commercial centers in Abu Dhabi. This service may involve the free transit zone and shuttle services, but it may not become as effective for residents and motorists as it may sound. ●     Semi-Automated Parking System A semi-automated parking system is another method to increase parking space in commercial buildings. It expands the existing parking garage. With its help, you can use other spaces other than ground spaces for parking. It can also resolve your parking space issue to a great extent. ●     Parking Regulations To control the parking problem around the commercial building, MAWAQIF considered the parking time for each vehicle in the commercial center. They define the time limit for each shopper as about two hours. It’s an effective approach to effective parking management. Conclusion The effective calculation of parking demand in retail buildings during construction will not only lessen the parking problem in the future. But it also saves a lot of time. The government of the United Arab Emirates is still working on effective parking management to meet the demand. They use several strategies to overcome this problem. Also, they enhance the utilization of ‌parking spaces near commercial buildings. Further, MAWAQIF and other management authorities are working together to find an efficient solution.

One of the undeniable truths is that the UAE is the most frequent area for business. You must have heard that the UAE is the main business hub globally. Thus all the investors and business personnel have the intention to start and run a business in this country. Although all the businesses eventually grab the increase and have had a good chance to take the business at its highest level.Starting a business is not a substantial issue, but running it and taking your business to a peak level is. Business expansions requirements take the business individual to the stage where they have to make some crucial decisions. If you are planning to expand your business or thinking of setting up a business that needs a store, packing or assembling some items, keeping stock, or any other type. In that case, you are in need of a warehouse.In this blog, you will find all the information you need to know before renting a warehouse, including the best area to rent warehouses in Abu Dhabi. Importance Of WarehousesThe concept of warehouses has been around for a long time! It’s helpful and fulfills various requirements of businesses. Thus, goods can be processed at the time when the demand arises. However, monitoring and tracking the finished goods, stored material, and stock items are easiest. Well, if you want to avail this opportunity, then you need to rent a warehouse in Abu Dhabi.Furthermore, having a warehouse in a perfect location will help you receive goods from the suppliers, store them and distribute them to the market or another company. Without any doubt, it can save both money and time. Another greatness is a warehouse is an ultimate solution for secure stocking. The product is available whenever a customer offers a product, and you can proceed with it timely without facing any hurdles. What Type of Areas are Perfect to Rent WarehousesSelecting the right location for the warehouse, even leasing, buying, or renting, is critical because it can create major differences to make your business efficient, effective, and profitable. By choosing a perfect place for warehousing, you can give your customers an outstanding experience; you will always be able to efficiently provide the demand on time.Right skill at the right price for the workforce should always be a significant point. Another thing is warehouses should be near roads, highways, railway stations, airports, and seaports (depending on the business type). Considering the above point will help prevent wastage of time, money, damages, and enormous fuel consumption.In short, a warehouse should be closer to the major buying companies, suppliers, producers, or/and customers. In this way, by choosing the right place according to your business’s needs, you will get prosperity by decreasing the transportation cost and reducing fuel and time consumption. Best Areas to Rent Warehouses in Abu DhabiAcquiring a warehouse on rent in the prime location of UAE can take your business to a higher level than was a dream before reaching that height. KIZADOne of the most reliable and biggest free zone areas in Abu Dhabi is KIZAD (Khalifa Industrial Abu Dhabi). They offer trading licences, industrial, logistics, and services activities at a remarkably lower fee. KIZAD is the most recommended area for investors because of its cost-effective fees structure and incredibly susceptible business access and activities. Hance KIZAD is the 1st choice for the investors who come from worldwide.The KIZAD is ideal for renting a warehouse because it is located halfway between Dubai & Abu Dhabi, two main market centres with the existing infrastructure of business and industries. Moreover, KIZAD is innately combined with Khalifa Port. It is the one that is the most advanced deep seaport and the number one semi-automated port. Having a warehouse at such a location will keep you connected with the main markets through land and sea. Because more than 20 shipping lines operate at this seaport, they will connect with 60-plus port areas. Al QuozAnother best area in Abu Dhabi to rent an industrial and commercial Warehouse is the Al Quoz. It is a place that is popular for its wonderful location. Al Quoz is the biggest industrial zone in the city and the oldest one. The great area of Al Quoz is highly recommended because of its location as it joints directly to the highways. It is a unique and creative industrial zone that encourages talented business personnel to expand their business by taking a warehouse for rent at a prime location.Those individuals are planning to acquire a warehouse at Al Quoz stand on the mouth to avail remarkable commercial & industrial facilities. Another amazing truth is that the warehouse in Dubai’s Al Quoz area is available in different sizes. Also come along with the already built washrooms, offices, and parking areas. These warehouses are the best because they are built to secure the goods stock safely. Dubai’s Al Quoz ispopular for its remarkable automobile services Centre, handicrafts shops, and art galleries. This place is the perfect one to rent a warehouse for those businesses which need to make a stock or particular goods or raw materials that can be released anytime when receiving a demand. Dubai Investment ParkAn incredible place in the list of most beneficial warehousing areas to rent is the Dubai Investment Park. It is a place that can keep you connected with the main highways, such as Sheikh Mohammed Bin Zayed Road. The enormous warehousing facilities of Dubai Investment Park can be acquired at the best price.This location is ideal for manufacturing goods, assembling the items, and keeping stock or store of the finished goods or raw materials to proceed when the right time. The easiest access to Al Maktoum International Airport, Jebel Ali port, Emirates Road, and the Sheikh Mohammed Bin Zayed Road makes it a great area for those companies who use the warehouses for storage and logistics purposes.Phase I and II is the place in Dubai Investment Park. You can rent a warehouse with an office, parking spaces, a loading area, or even a mezzanine floor. Although it is near a highway, the eating places, retail stores, and mosques are considerably closer to the location. Ras Al KhorAnother prime location to rent a warehouse in Dubai is Ras Al Khor. It is the most popular area because it is located just between Sheikh Al Zayed Road and Nad Al Sheba, making Ras Al Khor beneficial for commercial and industrial activities. In this area, you have an opportunity to get a warehouse with a reasonable rent rate with the facilities that fit with business purposes along with the size ranges.Ras Al Khor is located where you can enjoy restaurants, cafeterias, mosques, etc. RTA buses service is available in this industrial area, and also rental apartments are available in this international city; that’s become a huge windfall for your labour and staff. Al QusaisHighly popular in the search among the perfect areas to acquire a warehouse is Al Qusais. For those willing to make a warehouse for manufacturing automobile parts, electronics, food and furniture, and FMCG industries, Al Qusais is an excellent choice to increase the business. The Al Qusais Districts are located at the border of Dubai and sharjah, Muhaisnah and Al Nahda so that you can get the benefits of the penalty of transporting alternatives that include Dubai metro station and RTA buses.Easy access for the staff because this area is very near the budget-friendly residential area and rental apartments. A warehouse in a prime location will greatly boost your business. Its excellent road web, time management, and reduced cost is the main benefit of acquiring a warehouse in Al Qusais. Jebel AliAs the area of Jebel Ali is situated near the port, that makes it among the top areas for renting a warehouse. From the areas of Jebel Ali, you have fast access to the main highways. Jebel Ali is a wonderful choice if you need a warehouse at a lower rent. Although located near the Expo 2020 site and the Al Maktoum International Airport, make this area an incredible choice for those who need a warehouse for storage purposes.Also, it is best for light manufacturing departments and commercial activities. Here you can exceptionally access restaurants, retail shops, supermarkets, etc. Mussafah Industrial AreaAcquiring a warehouse for rent in the Mussafah Industrial area is an excellent choice for those searching for a warehouse in Abu Dhabi precisely for storage purposes. Mussafah industrial area facilitates the parking spaces and loading areas. It is a wonderful chance to hit the spot and get the demand effectiveness in Abu Dhabi.Moreover, Mussafah industrial area is the most demanding area in Abu Dhabi. Investors tend to invest money in this place. It provides the manufacturer with a breeding ground as it is the world’s most advanced infrastructure. Mussafah is ideally located surrounded by a high-demanding area in various businesses. Here you can avail the excellent facilities that suit your business requirements. Now you must have a clear idea about the best areas for the warehouse in Abu Dhabi and Dubai. Opening a warehouse Choosing from the above areas will be helpful to meet the market needs and give a great expansion to your existing company.   

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 yieldsWith 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 economyAlthough 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 lawsOne 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.   

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%.

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 INVESTMENTSInvesting 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 IMPACTEXPO 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.    

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. ProsMultiple set up optionsIn 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 economyIt’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.ConsTrade limitationsAlthough 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 proceduresIf 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.   

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/exportAbu 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 locationA 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 companiesTwofour 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 companiesElectra 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 sustainabilityMasdar 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.  

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.   

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. NasabNasab 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 AvenueA4 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 XYouth 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. DTECDTEC 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