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The top 6 reasons why retail shops thrive in Dubai

Dubai is one of the most popular shopping destinations in the world, and for a good reason. The city is home to some of the best retail shops in the world, offering a wide range of products and services. Dubai is a bustling metropolis that is constantly evolving. It is a city rich in culture and history yet also modern and cosmopolitan. It is no wonder, then, that retail shops thrive in Dubai. Here are the top 6 reasons why: 1. Dubai is a global shopping destination Dubai is one of the most popular shopping destinations in the world. The city is home to some of the world’s biggest and best shopping malls, including the Dubai Mall, Mall of the Emirates and Ibn Battuta Mall. Dubai is a major tourist destination, with millions visiting each year. This gives retailers a huge potential customer base. Dubai has a very high per capita income, meaning that residents have a lot of disposable income to spend shopping. Dubai’s strategic location makes it easy for retailers to source goods worldwide. These factors combine to make Dubai an ideal location for retail businesses. So if you’re considering opening a shop, this is the place to do it! 2. The favourable taxation system The taxation system in Dubai is very favourable for retail businesses. No taxes on personal income, corporate profits, capital gains or dividends exist. This makes Dubai a very attractive destination for businesses. The only taxes levied are import duties and VAT (Value Added Tax). These taxes are relatively low when compared to other countries. This makes Dubai an ideal location for businesses to set up shop. 3. The multiculturalism of the city Dubai is a truly cosmopolitan city with a population from all over the world. This diversity is reflected in the city’s culture, cuisine and architecture. The city is home to people from more than 200 different nationalities, making it one of the most culturally diverse cities in the world. This diversity brings with it several advantages for businesses. It means a large potential customer base for businesses to tap into. Dubai is a vibrant and exciting city that attracts both residents and visitors. So, it creates an environment where businesses can learn from and get inspired by other cultures. The multiculturalism of the city is also evident in its cuisine. Dubai is home to various restaurants catering to all taste buds. This diversity means that businesses can offer their customers a unique dining experience. The city’s architecture is also reflective of its multiculturalism. Dubai is home to some of the most iconic buildings in the world, such as the Burj Khalifa and the Palm Jumeirah. These buildings are a testament to the city’s ability to bring together different cultures and create something unique. 4. The presence of a large number of tourists One of the reasons retail shops thrive in Dubai is the presence of a large number of tourists. Dubai is a major tourist destination, with over 15 million visitors annually. The city is a popular destination for leisure and business travellers worldwide, generating much foot traffic for retailers. Another reason why tourists are good for retail businesses is that they tend to spend more money than locals. This is because they often have a higher disposable income and are likelier to make impulse purchases while on vacation. Therefore, if a retailer can attract even a small percentage of the tourist market, it can mean big sales. Tourists also help to create a buzz around a store or brand. If word gets out that a certain shop in Dubai is worth visiting, it can draw even more people in, both locals and tourists. This can lead to a snowball effect where the store becomes increasingly popular, and profits continue to rise. 5. The great infrastructure Dubai’s world-class infrastructure can support the city’s large population and booming economy. The city has an excellent transport system, a modern metro system, an extensive network of buses and taxis, and a well-developed road network. This makes it easy for people to get around the city, which is important for businesses as it makes it easier for customers to reach them. The city also has a great telecommunications infrastructure, reliable and fast internet connection, and good mobile phone coverage. This is important for businesses as it allows them to stay connected with their customers and suppliers. Dubai also has several world-class shopping malls, perfect for businesses wanting to set up shops. These well-designed malls offer many shops and services, making them ideal locations for businesses to reach their target market. Dubai’s great infrastructure is one of the main reasons why retail shops thrive in the city. It provides businesses everything they need to succeed, from a reliable transport system to good telecommunications infrastructure and world-class shopping malls. 6. Huge variety of retail shops in Dubai One of the main reasons retail shops thrive in Dubai is the huge variety of shops available. There are stores to suit every taste and budget, from high-end designer boutiques to more affordable chain stores. This makes Dubai a shopper’s paradise and ensures there is always something new to buy. The variety of retail outlets also means that there is something for everyone in Dubai. Whether you’re looking for souvenirs, gifts, or everyday items, you can find what you’re looking for. This makes Dubai an ideal destination for both locals and tourists alike. Dubai’s wide range of shops also means there is always something new to discover. With new stores always opening, there’s always something new to see and explore. This keeps shoppers repeatedly returning to Dubai, ensuring retailers a steady income stream. Dubai is in a strategic position that makes it easy for businesses to reach their target markets. The city is situated at the crossroads of Asia, Africa, and Europe, making it a prime destination for international shoppers. In addition, Dubai is home to many expatriates worldwide, providing retailers with a ready market for their products and services. So if you’re thinking of setting up a shop in Dubai or just looking for somewhere to do some serious shopping, you can be sure you’ll find everything you need in this vibrant city.

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Commercial Leasing
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The top 6 reasons why retail shops thrive in Dubai

Mar 02, 2023

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

Why commercial property buyers are flocking to Dubai

As the world’s economy continues to become increasingly globalized, more and more businesses are looking for opportunities to expand their operations into new markets. Many companies see Dubai as a prime destination for expansion due to its rapidly growing economy and its strategic location at the crossroads of East and West. In recent years, there has been a surge in the number of commercial property buyers worldwide flocking to Dubai. Dubai does not restrict foreign property ownership, and there are few bureaucratic hurdles to setting up a business in the city. This makes it relatively easy for companies from all over the world to establish a presence in Dubai. So, it is not surprising that Dubai has become one of the most popular destinations for commercial property buyers in recent years. Dubai is a prime destination for commercial property buyers Dubai is one of the world’s most popular destinations for commercial property buyers. One of the main reasons why Dubai is such a popular destination for commercial property buyers is its location. Dubai is a city in the United Arab Emirates in the Middle East. This region is known for its stability and its growing economy. Dubai is also conveniently located near other major cities, such as Abu Dhabi and Sharjah. Its location makes it easy for investors to access different markets and conduct business easily. The government of Dubai has made it a priority to attract foreign investment, and this has helped to create a business-friendly environment in the city. This makes Dubai an ideal destination for those looking to invest in commercial property. The commercial property market is growing at a rapid pace Commercial property buyers prefer investment in Dubai for many reasons, but the city’s growing economy is one of the main factors. Dubai’s commercial property market is growing rapidly due to increased demand from local and international investors. The UAE’s economy is expected to grow by 4.2% in 2023, which is higher than the average growth rate for developed countries. This growth is the result of increased oil production and strong government spending. Dubai’s non-oil sector is also growing at a healthy pace, with a 5.4% increase in GDP in 2022. This strong economic growth has increased demand for commercial properties as businesses look to expand their operations in the city. Investors are confident about the future of the commercial property market in Dubai as the city continues to attract more businesses and investors. The number of commercial real estate transactions increased by 21% in 2022 compared to the previous year. This shows a strong appetite for investment in Dubai’s commercial property market. New developments will further boost the city’s economy and attract more investment. The commercial property market in Dubai offers investors a great opportunity to profit from the city’s growing economy. With strong economic growth, increasing demand, and a number of major projects underway, now is a good time to invest in Dubai’s commercial property market. Wide range of commercial properties and areas Dubai offers investors a wide range of commercial properties, from office towers to retail centres. The city’s Business Bay district is home to many of the tallest office buildings in the world, including the Burj Khalifa, the world’s tallest building. Business Bay is also home to several luxury hotels, shopping malls, and restaurants. The Dubai International Financial Centre (DIFC) is another popular destination for commercial property buyers. The DIFC is a free zone that offers businesses many advantages, such as 100% foreign ownership and 0% personal and corporate tax rates. The DIFC is home to a number of banks, law firms, and other businesses. Dubai’s Jebel Ali Free Zone (JAFZA) is another popular business-free zone. JAFZA offers many benefits for businesses, including 100% foreign ownership, zero per cent personal and corporate tax rates, and a hassle-free process for setting up operations. JAFZA is home to over 7,000 companies worldwide, making it one of the largest free zones in the UAE. The Dubai World Central (DWC) is another free zone that offers investors many advantages. DWC offers 100% foreign ownership, zero per cent personal and corporate tax rates, and a convenient location near Al Maktoum International Airport. DWC is also home to several warehouses and logistics companies. Political and economic stability The UAE’s political system is based on the Constitution ratified in 1971. The Constitution guarantees all citizens’ rights, regardless of nationality, religion, or ethnicity. The UAE is a federation of seven emirates, each with its ruler. The President of the UAE is Sheikh Mohamed bin Zayed Al Nahyan, who came into power in 2022. Political and economic stability are two main factors that investors consider when choosing a destination for their commercial property investments. Dubai offers investors a stable political environment and a strong economy. The UAE’s economy is one of the strongest in the world. The country’s diversified economy relies on oil exports, tourism, real estate, and financial services. The UAE’s economy is expected to grow by 4.2% in 2023, which is higher than the average growth rate for developed countries. This strong economic growth has increased demand for commercial properties as businesses look to expand their operations in the city. The UAE’s political stability and strong economy make it an attractive destination for commercial property buyers. Investors are confident about the future of the commercial property market in Dubai as the city continues to attract more businesses and investors. Conclusion In conclusion, Dubai is an attractive destination for commercial property buyers. The city offers a wealth of opportunity, from its stable economy to its prime location. Additionally, the city’s infrastructure is well-developed, making it easy for businesses to get set up and running smoothly. With all these factors taken into account, it’s no wonder many commercial property buyers are flocking to Dubai. As the city grows and evolves, it is poised to become even more popular with commercial property buyers. So if you’re considering buying commercial property in Dubai, you’re certainly not alone.

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Commercial Sales
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Why commercial property buyers are flocking to Dubai

Feb 23, 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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CRC Commercial Property Market Report FY 2022

Dubai’s government continues to position Dubai as a global business and financial hub, with a recently announced ($8.7 trillion (32 trillion dirham) economic plan aimed at doubling foreign trade and investment over the next decade. Besides this, Dubai has been trying to maintain its appeal to foreign investors and skilled professionals by implementing legal changes and relaxing social restrictions. For example, at the start of the year, it abolished a 30% tax on alcohol. DOWNLOAD THE REPORT Economic growth and increased foreign investment are the top factors contributing to increased commercial real estate transactions in Dubai. Despite a challenging global economic climate, Dubai has seen robust economic growth, resulting in increased transactions in 2022. According to the Government of Dubai, this is evidenced by the 4.6% year-on-year GDP increase to AED307.5 billion in the first nine months of 2022. Commercial Sales In 2022, Dubai experienced significant growth in commercial real estate sales transactions, with demand rising across all sectors, including offices, retail, and warehouses. Commercial sales transactions increased by 32%, and the total value of commercial properties sold increased by 64% compared to the previous year. This positive outlook for investing in Dubai’s real estate market can be attributed to several government measures and initiatives that make the city and the UAE an attractive long-term investment destination. Office transactions increased significantly in quantity and value in 2022 as a result of strong market demand and a shortage of available, particularly Grade A office space. With regard to 2022, office transactions specifically climbed by 30%, while the total value of transactions increased by 74%. With 945, 711, and 122 offices sold, Business Bay, Jumeirah Lake Towers, and Barsha Heights were the most popular locations for office transactions. Other locations with a large volume of office transactions included Downtown Dubai, Motor City Arjan, Dubai Silicon Oasis, and Emirates Living. With transactions up 71% and the value of those transactions up 96% in 2022, retail sales transactions recorded enormous growth. The FIFA World Cup, the Golden Visa program, the recovery of the tourism sector, and initiatives to digitize the economy are a few drivers of this surge. International City, Mohammad Bin Rashid City, and Jumeirah Lake Towers saw the highest number of retail transactions, with Dubai Marina, Business Bay, and Deira also seeing considerable activity. This activity is reflected in the Dubai Chamber of Commerce, which had a 69% surge in new members in 2022. The growth in all sectors of commercial real estate is a clear indication of a stronger business environment in the UAE, particularly in Dubai. We have seen a significant increase in demand for commercial properties compared to Q3 2021, with overall buyer leads increasing The UAE’s strong business environment in 2022 has helped the commercial real estate sector to grow significantly compared to the previous year. CRC has witnessed a significant demand for commercial properties compared to 2021, with overall buyer leads increasing by 37%. A surge in tourism activity and an uptick in new business licenses have precipitated a marked spike in retail property enquiries, with a 115% increase observed. The demand for office spaces and warehouses increased by 23% and 45%, respectively. In 2022, the number of end-users purchasing commercial properties in Dubai through CRC has risen to 79% as they take advantage of the positive economic sentiment in the region. With more businesses entering the market or expanding to new locations, there is expected to be a shortage of high-quality properties in the future. Buyers from various countries, including Jordan, the United Kingdom, and India, have impacted Dubai’s commercial real estate market over the years. Indian nationals top the list with a 27% share of total commercial real estate buyers, followed by UK and Jordanian nationals with 10% and 8% shares, respectively. Over the past year, investors from Portugal and Russia contributed 5% and 6% to Dubai’s commercial property investments. COMMERCIAL LEASING Dubai’s office rents are experiencing a resurgence for the first time in six years, growing faster than in other major cities worldwide. This is due to increased global banks and businesses expanding into the city, known for its extravagant building projects. While the pandemic has sparked discussions about the future demand for office spaces globally, Dubai’s market is standing out even as other financial centres like New York and London are trying to attract employees back to the office. Dubai has brought more people back to offices with adequate policies and initiatives post-pandemic. In 2022, there was a significant growth of 22% in the number of leads for commercial properties, as well as a similar increase in inquiries for warehouses for rent. This trend is likely due to the growing demand for additional space from retail, e-commerce, and logistics businesses.In the first half of the year, 537 new companies were registered at the Dubai International Financial Centre (DIFC), resulting in an 11% increase compared to the same period in the previous year. There was a 23% year-on-year increase in newly registered fintech and innovation companies, rising from 406 to 599. New businesses that have been launched in Dubai include Rapyd, the first Israeli company to be regulated in the UAE; Tarabut Gateway, the first regulated Open Banking platform to be licensed by the DFSA; KMMRCE Holdings, a Dubai-based digital-first technology provider, Oneglobal Broking, a specialist international broking company, and ADIB Capital Ltd. for Wealth & Asset Management. Dubai’s retail industry is poised to grow at a healthy pace due to favourable demographics, improving macroeconomic factors and the revival of the tourism industry. The sector is also expected to benefit from the government’s push towards economic diversification and the growing prominence of omnichannel business models. The industry was severely hit by the restrictions imposed during the pandemic; however, retailers were responsive to the changing demands and innovated to sail through difficult times. As the retail industry continues to recover, there is an urgent need for retailers to upscale their digital presence to stay relevant as well as compete with regional and international players DOWNLOAD FULL REPORT

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Market Report
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CRC Commercial Property Market Report FY 2022

Jan 30, 2023

Reasons why you should consider getting an office in Dubai

If you’re looking for a new office location, you should definitely consider Dubai. The city offers a lot, from its incredible skyline to fabulous beaches. And, of course, it’s a great place to do business. There are many reasons why you should consider getting an office in Dubai. First, the city is home to many businesses and a major hub for trade and commerce. Additionally, the infrastructure in Dubai is excellent, with a modern transportation system and a wide range of office space options. Moreover, Dubai is a very cosmopolitan city with a diverse population and a tolerant attitude towards different cultures. If you are considering relocating your business or opening a new office, Dubai is definitely worth considering. The diversity of Dubai As one of the most cosmopolitan cities in the world, Dubai is home to people from all walks of life. This diversity is reflected in the city’s food, culture, and architecture. Dubai is a city of contrasts, where traditional and modern influences can be found. The city is home to some of the tallest skyscrapers in the world and centuries-old mosques. You can enjoy a luxurious meal at a five-star restaurant or go for a more traditional Emirati meal at a local food truck. You’ll surely find it in Dubai, no matter what you’re looking for. So come and explore this amazing city for yourself! The business opportunity in Dubai If you’re looking for a place to start a business, you can’t go wrong with Dubai. This city has a global marketplace, a thriving economy, and an infrastructure that’s second to none. And with a population of over 9 million, there’s plenty of opportunity for businesses of all types. If you’re considering starting a business in Dubai, here are a few things you should know. First, you’ll need to get a business license from the Department of Economic Development. Next, you’ll need to find a suitable location for your business. And finally, you’ll need to obtain the necessary permits and approvals from the government. With a little planning and preparation, starting a business in Dubai can be a very lucrative proposition. The city is full of red tape and bureaucracy, so you must be prepared for a long and complicated process. But if you are willing to put in the work, starting a business in Dubai can be a very lucrative endeavour. There are a lot of wealthy people in the city who are looking for new and innovative products and services. So if you have a great business idea, Dubai is the place to make it happen. The business environment in Dubai is favourable If you’re considering starting a business in Dubai, you’ll be glad to know that the business environment is favourable. There are several reasons why Dubai is a great place to do business, including its pro-business attitude, good tax regime, and world-class infrastructure. Of course, starting a business in any location comes with its own set of challenges. But if you’re looking for a place where you can give your business the best chance of success, Dubai is definitely worth considering. Dubai has a young, cosmopolitan and educated workforce Dubai has a young, sophisticated and educated workforce. The city is a hub for business and trade, and its population comprises people from all over the world. This makes Dubai an ideal place to start a company. There are many opportunities for businesses to succeed in Dubai, and the city’s infrastructure is designed to support businesses of all sizes. Dubai is well-connected to the world Dubai is well connected to the world, both physically and digitally. The city is served by two international airports – Dubai International Airport and Al Maktoum International Airport – which handle over 100 million passengers annually. Dubai is also home to the world’s tallest building, the Burj Khalifa, and the largest mall in the world, the Dubai Mall. Regarding digital connectivity, Microsoft’s City Next Index has ranked Dubai as the most ‘connected’ city in the Middle East. The city has also been ranked as one of the top 10 ‘smart cities in the world by IBM. The quality of life in Dubai Dubai is well-known for its luxurious lifestyle and fabulous beaches. But what many people don’t realize is that it’s also a great place to live and work. The quality of life in Dubai is excellent, and there are plenty of reasons why you should consider getting an office in the city. For starters, Dubai is a very safe city. It has a low crime rate, and you can feel comfortable walking around even at night. The city is also clean and well-organized, with plenty of green space. And, of course, the weather is perfect – you can enjoy sunny days all year round! In terms of work-life balance, Dubai is hard to beat. There are plenty of opportunities for leisure and recreation, so you can easily find ways to relax after a long day at the office. And if you want to get ahead in your career, Dubai is a great place to be. There are lots of international companies based in the city, so it’s easy to find interesting and challenging work. The cost of living and doing business in Dubai The cost of living and doing business in Dubai is relatively low when compared to other major metropolitan cities. The city offers a variety of affordable housing options and is home to many international companies, which helps to keep costs down. The infrastructure in Dubai The infrastructure in Dubai is excellent, with a well-developed road network, good public transport, and plenty of parking. The city also has a modern airport and seaport, making it easy to get around. In addition, Dubai has a variety of shopping malls, restaurants, and other amenities. The business environment in Dubai The business environment in Dubai is very conducive to businesses of all types and sizes. The city has a modern infrastructure, low taxes, and various business incentives. In addition, Dubai is home to many international companies, which provides a good pool of potential customers and partners. The government of Dubai is very supportive of businesses and offers a variety of incentives and programs to help them succeed. For example, the Dubai Business Center offers free office space for start-ups and small businesses. In addition, the Department of Economic Development provides a one-stop shop for business licenses and permits. There are also some chambers of commerce in Dubai that can provide valuable networking opportunities and advice. The Dubai Chamber of Commerce and Industry is the city’s largest chamber, with over 10,000 members. They also offer various services, including business counselling, market research, and training programs. To wrap things up In conclusion, there are many reasons to consider getting an office in Dubai. The city has a lot to offer businesses of all sizes, from its beautiful architecture to its thriving economy. Dubai is also a great place to live and work, with a growing expat community and plenty of leisure and entertainment options. If you’re considering expanding your business to the Middle East, Dubai is definitely worth considering.

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Reasons why you should consider getting an office in Dubai

Jan 27, 2023

6 Tips for opening a successful retail shop in Dubai

The retail sector in Dubai is one of the most competitive in the world. To open a successful retail shop in Dubai, you must know the challenges and opportunities. With over 200 nationalities present in Dubai, the city has a vast and diverse population. This provides a great opportunity for retailers to target a wide range of consumers. However, it also means that competition is stiff. Here are six tips to stand out from the competition and open a successful retail shop in Dubai: 1. Know your audience To open a successful retail shop in Dubai, you must understand your target audience well. It won’t be easy to make your business a success without knowing who your customers are. There are a few things that you need to consider when trying to determine your target audience. You need to consider what type of products you will offer. Will your store entirely focus on selling clothes, electronics, or something else? Once you understand the products you will be offering, you can narrow down who your target audience might be. It is also important to consider the price point you will target. If you sell luxury items, your target audience will likely be different than if you were selling more affordable items. Keep all of these factors in mind when determining your target audience, and you will be well on opening a successful retail shop in Dubai. 2. Plan your finances Opening a retail shop in Dubai can be an expensive endeavour. It is important to plan your finances carefully and to have a solid business plan. Before investing any money, it is essential to research and speak to experts in the field. It is also important to consider the costs of rent, staff, inventory, etc. Sometimes, it may be necessary to take out a loan to finance your retail shop. However, it is important to remember that loans must be repaid with interest. Therefore, you should only take out a loan if you are confident that you can make the payments on time. Another important financial consideration is taxes. There are different tax rates for businesses in Dubai, so it is important to speak to an accountant or tax specialist before opening your shop. They will be able to advise you on the best way to structure your business to minimise your tax liability. It is also worth considering insurance for your retail shop. This can protect you from stock loss, premises damage, and liability claims. Insurance can be expensive, but it is worth considering if you want to protect your investment. 3. Choose the right location One of the most important decisions you will make when opening a retail shop in Dubai is choosing the right location. The location of your shop can impact everything from foot traffic to rent costs. When choosing a location for your retail shop, it is important to consider the following factors: The type of retail shop you are opening: The type of retail shop you are opening will dictate the kind of location you need. For example, if you are opening a clothing store, you will need a location with good foot traffic. If you are opening a grocery store, you will need a location with ample parking. Target market: The target market for your retail shop will also dictate the type of location you need. For example, if you are targeting young professionals, you will want a location near office buildings and public transportation. If you are targeting families, you will want a location near residential areas. Competition: It is also important to consider the competition when choosing a location for your retail shop. If there are already many similar shops in the area, it may not be easy to attract customers. However, if there are no similar shops in the area, it may be an opportunity to fill a void in the market. Once you have considered these factors, narrow down your search to a few locations and evaluate each one based on its potential for success. 4. Have a solid marketing plan When marketing your retail shop in Dubai, it is important to have a solid plan in place. This includes knowing your target market, understanding their wants and needs, and having a budget for marketing activities. Hiring a professional marketing company to help you with your campaign is also worth considering. Your marketing plan should be designed to reach your target market and based on understanding their needs. It is important to consider the different channels you can use to reach them, such as online and digital advertisement, social media campaigns, or traditional print and broadcast media. The best approach would be to consider the different messages you want to communicate and how to make them stand out from the competition. It is also important to have a budget for your marketing activities. This will help you track expenses and make the most of your resources. Make sure to allocate enough money for all the channels you plan to use to reach your target market effectively. 5. Staff your shop with the right people When opening a retail shop in Dubai, it is important to staff your shop with the right people. This includes considering the skills and experience of your employees, as well as their cultural background. You must identify the specific skills and experience that your employees will need. For example, if you are opening a clothing store, you will need sales staff knowledgeable about fashion and trends. If you are opening a restaurant, you will need staff experienced in food preparation and customer service. Once you have identified your employees’ specific skills and experience, you can begin sourcing candidates. There are many ways to do this, including online job boards, recruitment agencies, and word-of-mouth. It is also important to consider the cultural background of your employees when opening a retail shop in Dubai. This is because Dubai is a culturally diverse city, and you will want your staff to be able to relate to your customers. For example, if you are opening a store that sells traditional Arabic clothing, hiring employees from the Arab world would be beneficial. When interviewing candidates for positions at your retail shop, asking them questions about their skills, experience, and cultural background is important. This will help you identify the best candidates for the job and ensure they can meet your customers’ needs. 6. Invest in a good POS system A POS system is a crucial investment for any retail shop owner in Dubai. There are many different POS systems on the market, so it is important to research and choose one that best suits your needs. Remember a few things when choosing a POS system for your retail shop. You must decide whether you want a cloud-based or on-premises system. Cloud-based systems are typically more expensive, but they offer the benefit of being accessible from anywhere. On-premises systems are less expensive, but they require you to have a server set up in your store.You need to choose a system that offers features that will be beneficial for your business, such as inventory management, customer loyalty programs, and gift card support.You must ensure that the POS system you choose is compatible with the hardware and software you already have.You need to consider the price of the POS system and compare it with other similar systems on the market before making a decision. A good POS system gives your retail shop the best chance of success. A POS system can help you streamline sales and reduce costs while providing valuable insights into your customers’ buying habits. Choose a system that offers features that will be beneficial for your business, and make sure it is compatible with your existing hardware and software. Compare prices before deciding to get the best value for your money.

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6 Tips for opening a successful retail shop in Dubai

Jan 19, 2023

Looking for a commercial property for sale in Jumeirah, Dubai?

Here is a guide to finding a commercial property for sale in Jumeirah, Dubai: 1. Select your property Choose the kind of commercial property that most closely matches your company’s requirements. This entails considering variables, including your company’s size, the nature of your goods or services, and your target market. For instance, you might want to seek a tiny storefront on a busy street if you intend to operate a small retail business. On the other hand, if you intend to open a sizable office building, you might want to hunt for a sizable commercial structure in a busy commercial area. It is crucial to understand the kind of property you require clearly; doing so will enable you to focus your search and choose the ideal property for your company. 2. Do some research about the area Find out which Jumeirah neighborhoods are best for your company by researching. In Dubai’s Jumeirah neighborhood, which lies on the shore, you may find opulent homes, upmarket restaurants, and lovely beaches. Jumeirah Beach Road, Jumeirah Lake Towers, and Jumeirah Park are a few well-liked locations in Jumeirah for commercial properties. There are numerous retail stores, cafes, and eateries on Jumeirah Beach Road. It is a well-liked location for locals and tourists, making it desirable for companies wishing to draw foot traffic. A master-planned neighborhood of high-rise structures, Jumeirah Lake Towers, offers a mix of residential and commercial assets, including stores, offices, and hotel units. A residential neighborhood called Jumeirah Park also provides commercial buildings like stores, offices, and warehouses. 3. Find available properties Search for properties that are up for sale right now. Websites like Dubizzle, Bayut, and Property Finder are just a few examples of those that feature commercial properties for sale in Jumeirah. These websites let you search for properties by location, cost, size, and property type. You can focus your search and locate properties that meet your precise requirements by using the filters available on these websites. 4. Talk to an experienced broker Speak with real estate brokers who focus on Jumeirah commercial properties. You may get more details about homes that fit your requirements from real estate agents, who can also assist you in arranging viewings. Working with agents who are knowledgeable about the neighborhood market and have a solid reputation in the business is always recommended. They can assist you in the search for the acquisition of commercial property in Jumeirah. 5. Double check accessibility of the property Take the property’s location and accessibility into account. The location and accessibility of the property should be taken into account when searching for commercial real estate in Jumeirah. Is it close to a transit hub? Is there a lot of foot movement in that area? Is finding it and navigating it simple? When picking a location for your business, keep all of these things in mind. 6. Make sure you know about the zoning of the property Check the zoning of the property. Before making an offer on a commercial property in Jumeirah, check the property’s zoning. The property should be zoned for commercial use and meet your business’s requirements. For example, if you plan to open a restaurant, the property should be zoned for commercial use and have the necessary permits and licenses for food service. 7. Carry out an inspection of the property Thoroughly inspect the property. It’s crucial to comprehensively inspect the property before finalizing a purchase. Verify your property for any potential problems, such as structural deterioration or pest infestations. A professional inspector should be hired to perform a complete inspection of the property and provide you with a report. 8. Negotiate with price and conditions With the seller or the seller’s agent, haggle over the purchase’s price and conditions. After carefully inspecting any commercial property you find in Jumeirah that satisfies your criteria, you can start negotiating the purchase price and other details with the seller or the seller’s representative. An experienced real estate agent can help you in this situation by helping you to negotiate a fair price and advantageous terms for the sale of the property. 9. Look for help from a layer Hire a lawyer to review the sales contract and help with the property purchase’s legal requirements. A lawyer should be retained to evaluate the sales contract and help with the legal aspects of purchasing the property before the sale is finalized. A lawyer can guarantee that the contract is enforceable and that all the paperwork is in place. Additionally, they may help with the ownership transfer and provide you with legal advice regarding any matters that may come up during the buying process. 10. Be ready to pay extra when needed Be prepared to pay more. It’s crucial to budget for additional expenses like transfer, agency, and legal fees when buying a commercial property in Jumeirah. When creating a budget for the property acquisition, these charges should be considered because they might mount up. 11. Keep your options open for other properties 11. Considering your funding alternatives, If you want to buy a business property in Jumeirah but lack the capital to do so upfront, you might want to consider financing choices like a mortgage or loan. In Dubai, many banks and financial organizations provide financing for commercial buildings. Before choosing a choice, it’s critical to browse and compare prices and terms. 12. Understand the market dynamics Remember that the real estate market in Dubai is dynamic. The real estate market in Dubai is dynamic, so it’s critical to monitor market trends and be ready for shifts in costs and inventory. You’ll be better positioned to choose wisely when buying a business property in Jumeirah if you remain knowledgeable and well-prepared. In conclusion, locating a commercial property for sale in Dubai Jumeirah might be difficult, but with the proper strategy, you can locate the ideal building for your company. You can find a commercial property that satisfies your requirements and falls within your budget by performing neighborhood research, searching for properties that fulfil your specifications, and working with knowledgeable real estate agents and attorneys.

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Looking for a commercial property for sale in Jumeirah, Dubai?

Jan 13, 2023

How to open a retail shop in Dubai?

In a city like Dubai, which is constantly evolving, it can be difficult to keep up with the latest trends. If you like to be on the cutting edge, you might be interested in opening a retail shop in Dubai. The retail industry in Dubai is booming, and there are opportunities for those who are willing to take the risk. Of course, starting any business is a risk, but the rewards can be great. If you’re wondering how to open a retail shop in Dubai, then read on! We’ll give you an overview of the steps you need to take to get started. Before you open your retail shop in Dubai Dubai’s demand for retail space constantly increases as the city’s population grows. This has resulted in a rise in rental prices for retail space in Dubai. In order to open a retail shop in Dubai, there are a number of things that you need to take into consideration. So, you’re thinking of opening a retail shop in Dubai? That’s a great idea! Dubai is a hub for shopping and business, and there are plenty of opportunities for new retailers to make a name for themselves. Of course, before you take the plunge, there are a few things you need to know. This blog will give you a quick overview of everything you need to consider before opening a retail shop in Dubai, from finding the perfect location to getting the right licenses and permits. So let’s get started! Why is a retail shop important in Dubai? If you’re thinking of starting a business in Dubai, one of the first things you’ll need to do is open a retail shop. A retail shop is important for a number of reasons, including: It’s a physical representation of your brand: A retail shop is one of the best ways to make your brand visible in Dubai. Customers can come in and see your products, speak to your staff, and get a feel for your brand.Coupons or discounts: Many retailers in Dubai offer coupons or discounts that can save shoppers a significant amount of money.It builds trust: Having a physical shop shows that you’re a serious and reputable business. It also makes it easier for customers to find you and contact you if they have any questions or concerns.Convenience for shoppers: retail shops offer a convenient way for shoppers to browse and purchase items without having to wait for delivery.It’s a great way to reach new customers: A retail shop gives you a way to reach new customers who might not be familiar with your brand.Better price: The retail shop usually provides residents with a better price than purchasing the same item online. What makes your retail shop unique? There are a lot of factors that go into making a retail shop successful. But one of the most important things is clearly understanding what makes your shop unique. Knowing what makes you different is essential to success, whether it’s your incredible customer service, your one-of-a-kind product selection, or your ability to connect with your customers on a personal level. Think about it this way – if a customer can get the same experience at different stores, why would they choose yours? It’s important to give customers a reason to shop with you, and understanding what makes you unique is a great place to start. So take some time to think about what sets your retail shop apart from the rest and use it to your advantage. Finding the perfect location for your retail shop There are a lot of factors to consider when finding the perfect location for your retail shop in Dubai. You’ll need to consider the space’s size, layout, rental cost, and more. But with a little bit of planning, you can find the perfect spot for your business. Here are a few tips to help you find the perfect location for your retail shop in Dubai: Decide on the size of the space you need.Consider the space layout and how it will work for your business.Choose a location that is convenient for your customers.Make sure you can afford the rental cost. By following these tips, you’ll be well on your way to finding the perfect location for your retail shop in Dubai. Get the right licensing and permits for your retail shop in Dubai If you want to open a retail shop in Dubai, you’ll need to make sure you have the right permits and licenses in place. The process can seem a bit daunting, but we’re here to help you get everything sorted. To start with, you’ll need to get a trade license from the Department of Economic Development. This will allow you to carry out business activities in Dubai. You can apply for a trade license online or at any of the Dubai Courts. Next, you’ll need to get a permit from the Dubai Municipality. This permit will allow you to carry out construction work on your premises. You can apply for a permit online or at any of the Dubai Municipality offices. Finally, you’ll need a license from the Dubai Chamber of Commerce and Industry. This license will allow you to import and export goods Be prepared for the challenges of running a retail shop in Dubai Dubai is a shopper’s paradise, and with so many tourists and residents looking for great deals, it’s no wonder retail shops are booming in this city. However, running a retail shop in Dubai has its own challenges. From dealing with constant customer traffic to managing staff and inventory, there’s a lot to keep track of when you’re running a retail business in Dubai. First, you need to have a solid business plan. This plan should include your goals, your target market, and your strategies for marketing and sales. Second, you need to be aware of the competition. Dubai is a competitive market, so you need to make sure you’re offering something unique and appealing to your target customers. Lastly, you must be prepared for the challenges of running a business in Dubai. These challenges include everything from finding the right locations to dealing with red tape. But if you’re prepared for them, you’ll be able to overcome them and succeed in running a retail shop in Dubai. To wrap things up In conclusion, Dubai is a great place to open a retail shop. The city has a lot to offer and many opportunities for businesses to thrive. Of course, there are also some challenges that you’ll need to overcome, but with careful planning and a bit of hard work, you can be successful in Dubai. If you’re considering opening a retail shop in Dubai, we hope this blog has been helpful.

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Commercial Leasing
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How to open a retail shop in Dubai?

Jan 03, 2023

Top 5 locations for affordable offices in Dubai

Dubai is a popular destination for businesses and entrepreneurs looking to set up their operations in the Middle East. The city is home to many business parks and free zones that offer incentives and benefits to companies. The cost of doing business in Dubai is notoriously high. But, despite this, the city still attracts a large number of businesses and entrepreneurs every year. If you’re looking to set up an office in Dubai, it’s important to choose a location that is affordable and has all the facilities and amenities you need. This blog will look at the top 5 locations for affordable offices in Dubai. We will also briefly overview each location’s facilities and amenities. So, whether you’re looking for an office in the city’s heart or a more affordable option on the outskirts, this blog will help you find the perfect location for your business. 1. Al Quoz Al Quoz is one of the most affordable locations for an office in Dubai. It is located on the city’s outskirts, meaning rent prices are lower than in the city centre. There are several facilities and amenities in Al Quoz, including shopping centres, restaurants and cafes. There are also a number of schools and hospitals in the area. If you’re looking for an affordable office in Dubai, Al Quoz is worth considering. The location is ideal for businesses that want to be close to the city centre but don’t want to pay city centre prices. Many facilities and amenities are nearby, making it a convenient workplace. The average minimum rent for an office in Al Quoz is A.E.D 45,000 per year, while the maximum rent is A.E.D 450,000 per year. These rates may vary depending on the size, office location, and lease agreement type. 2. Business Bay Business Bay is a popular location for businesses in Dubai due to its central location, wide range of facilities and amenities, and strong infrastructure. The average rent of an office in Business Bay is A.E.D 150,000 per year. This provides businesses with a wide range of options when it comes to affordability. Businesses can find offices that are suitable for their budget and needs. This is one of the benefits of Business Bay being a hub for businesses. Located in the heart of Dubai, Business Bay is just minutes from some of the city’s most popular tourist attractions, including the Burj Khalifa, Dubai Mall, and the Dubai Fountain. The area is also home to world-class hotels, restaurants, and shopping malls. Business Bay is served by an extensive network of roads and highways, making it easy to get around. The area also has its metro station, which provides direct access to other parts of the city. Several office space options are available in Business Bay, from serviced offices to co-working spaces. Many business centres also offer a range of services and amenities for businesses. The area has many business facilities and amenities, including banks, conference facilities, and retail outlets. Many hotels in the area also offer accommodations for business travellers. 3. Al Rashidya Al Rashidya is a Dubai district known for its affordable office space and numerous amenities. The district is home to many large and small businesses, and its proximity to the airport makes it a popular choice for companies looking to relocate to Dubai. The average office rental price in Al Rashidya is A.E.D 30,000 per year. There are a variety of office spaces available in Al Rashidya, from small shared spaces to large private offices. The area offers world-class facilities, amenities, and employees’ excellent quality of life. The area is also well-connected, with good public transport links to the rest of Dubai. Al Rashidya metro station makes it an attractive location for businesses. The area is also home to several hospitals, schools, and malls, making it a convenient place to live and work. So whether you’re looking for an affordable office in a central location or want to take advantage of the excellent facilities and amenities in Al Rashidya, this area is worth considering for your business. 4. Dubai Media City Dubai Media City is one of the most affordable and convenient places to set up an office in Dubai. Located in the heart of the city, it offers easy access to all the amenities and facilities that businesses need. Many office spaces are available, from small one-room offices to large multi-story buildings. And with a wide range of prices and lease terms, businesses of all sizes can find affordable office space in Dubai Media City. The minimum rent for an office in Dubai Media City is A.E.D 90,000 annually. The maximum rent for an office in Dubai Media City is A.E.D 1,200,000 annually. Businesses in Dubai Media City have access to a wide range of state-of-the-art facilities and amenities. These include: A business park with over 3 million square feet of office spaceA dedicated media zone with over 1,000 companiesA knowledge village with over 100 training institutesA free zone with 100% foreign ownership The central location of Dubai Media City makes it easily accessible for businesses and employees. The area has two major highways – Sheikh Zayed Road and Emirates Road – and is just a short drive from the airport. In addition, several public transport options are available, including the Metro, taxis, and buses. 5. Jumeirah Lakes Towers (JLT) Jumeirah Lake Towers (JLT) is one of Dubai’s most sought-after business districts. The area is home to hundreds of businesses of all sizes, from small start-ups to large multinationals. JLT is also conveniently located near some of Dubai’s most popular tourist attractions, making it a great place to do business. The area offers a wide range of office spaces to suit all budgets and requirements, as well as a variety of leisure and dining options. JLT is also well-connected to the rest of the city, making it convenient to do business. JLT is home to a number of restaurants, cafes, and shops. This makes it a convenient place to take a break during the workday or to entertain clients and business partners. Some public transport options are also available, including the Metro and buses. The minimum rent for an office in JLT is A.E.D 50,000 per year, while the maximum rent is A.E.D 2 million per year. The average rent for an office in JLT is A.E.D 500,000 per year. If you’re looking for an affordable office in Dubai, JLT is worth considering. With its convenient location and ample parking, JLT is a great place to do business. These areas offer various options for businesses of all sizes and are sure to have something that meets your needs and budget. So if you’re looking for an affordable office in Dubai, check out one of these locations.

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Top 5 locations for affordable offices in Dubai

Dec 28, 2022

Seven things to know before renting a warehouse in Dubai

Finding the right warehouse for your business can be a difficult task. After all, a warehouse is where you store your stock and goods- finding a location with ample space and the right transport links is vital. So whether you’re looking for that perfect place in Dubai or elsewhere in the Middle East, here are seven things to know before renting a warehouse. 1. Location, location, location When starting a business in Dubai, one of the first things you will need to do is find a suitable warehouse for rent. The decision of where to locate your warehouse is an important one, as it can have a significant impact on the running of your business. The location of your warehouse can make or break your business. There are a number of factors you will need to consider when choosing a location for your warehouses, such as its proximity to your suppliers and customers and the availability of labour. If you select a location that is too close to your competitors, you will be disadvantaged. And if you choose a location not well-connected to the rest of the city, you will have difficulty finding labour. The best way to find the perfect location for your warehouse is to work with a professional with experience in the Dubai market. They will be able to help you identify the best options based on your specific needs. 2. The Type of Warehouse You Need When renting a warehouse in Dubai, you have many options to choose from. The type of warehouse you need will depend on several factors, such as the type of business you have, the products you sell, and the amount of storage space you need. For example, if you have a manufacturing business, you will need a large space for storage and production. On the other hand, if you have a retail business, you will need a smaller space for storage and a larger space for displaying your products. The most common type of warehouse in Dubai is the standard warehouse. These warehouses are typically large, single-story buildings with high ceilings and storage space. They are perfect for businesses that need a lot of space for their inventory. Another option is the temperature-controlled warehouse. These warehouses are designed to keep your products at a specific temperature, perfect for businesses selling perishable goods or goods sensitive to temperature fluctuations. So, the type of warehouse you need will depend on the type of business you have. 3. The Size of the Warehouse The warehouse size you will need depends on the volume of your business operations. If you have a small business, you might be able to get by with a smaller warehouse. However, you will need a larger warehouse if you have a large business. There are a few factors you should consider when determining the size of the warehouse you need, such as: The type of business you haveThe volume of your business operationsThe amount of inventory you need to storeThe type of products you need to storeThe size of your packaging Once you have considered all of these factors, you can determine your necessary warehouse size. If you are still unsure, you can always consult with a warehouse rental company in Dubai. 4. The Price The price of renting warehouse space in Dubai can vary widely depending on the property’s location, size, and amenities. If you want a warehouse near the airport or seaport, it will be more expensive than a warehouse in a less convenient location. It would be best to consider whether you need a long-term or short-term lease. Long-term leases are usually more expensive than short-term leases, but they offer more security. Generally speaking, prices start at around AED 2,500 per month for a small warehouse unit and can go up to AED 250,000 or more for a large industrial facility. When considering the price of a rental property, it’s important to factor in the cost of any additional services that may be required, such as security, utilities, and maintenance. Additionally, many landlords will require a deposit equal to one or two months’ rent, which must be paid upfront. Comparing rates from different landlords and properties is helpful to get an idea of what you can expect to pay for warehouse space in Dubai. Once you’ve found a few options that fit your budget and needs, tour the facilities before making a final decision. 5. The Amenities When leasing warehouse space in Dubai, there are a few key things to remember regarding the amenities available. Here are five things to know before signing a lease: Check with the landlord about what amenities are included in the lease.Common amenities in warehouses include restrooms, break rooms, and office space.Some landlords may offer additional amenities such as on-site security or parking.Amenities can be negotiable, so be sure to ask for what you want.Keep in mind that the more amenities you require, the higher your rent will be It is also important to find out if there are any restrictions on the use of the warehouse. Some warehouses may only be used for storage, while others may be used for production or other purposes. You should ensure you can use the warehouse for the purpose you need before signing the lease agreement. 6. Understand The Lease Terms When you’ve found the perfect warehouse, it’s important to take the time to read and understand the lease terms before signing anything. Pay close attention to key provisions such as length of lease, rent amount, security deposit, and any restrictions on the use of the property. Knowing any municipality regulations that may apply to your business is also important. Working with a professional agent can help you navigate these complex lease documents and ensure you get a fair deal. 7. Have a Plan for Maintenance and Repairs Last but not least, it’s important to have a plan in place for maintenance and repairs before moving into your new warehouse space. HVAC maintenance, plumbing repairs, and electrical work can be expensive, so it’s important to have a budget set aside for these costs. Having a plan in place will help keep your costs down and avoid any surprises down the road Final Words Before renting a warehouse in Dubai, you should know a few things. First, the cost of living is high in Dubai, so be prepared to pay more for your warehouse than you would in other cities. Second, the hot and humid climate, so choose a warehouse with air conditioning and good ventilation. Third, crime rates are relatively low in Dubai, but taking precautions against theft and vandalism is still important. Fourth, traffic can be heavy during rush hour, so plan your deliveries accordingly. Finally, remember that many businesses in Dubai require a trade license from the Department of Economic Development. If you’re unsure whether or not your business needs a license, check with the DED before renting a warehouse.

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Seven things to know before renting a warehouse in Dubai

Dec 23, 2022