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These days classified websites have become the number one choice of many business owners and common people since it is a great platform that promotes interaction between buyers and sellers. You must know about classified websites if you are from a giant business-oriented city like Dubai.So keep reading this guide to explore the top 15 classified websites in Dubai, UAE.1. DubbizleDubbizle is the number one classified website in Dubai, UAE, where you can buy and sell anything online. This website offers users to get their hands-on property, cars, jobs, as well as different electronics, commodities, and more within their budget. For the unmatchable benefits provided by Dubbizle, it has become the number one and the favorite online marketplace in UAE. Additionally, you can get the Dubbizle app from the Google Play Store and iOS App Store. Check out Dubbizle right now!https://uae.dubizzle.com/ 2. Total DubaiTotal Dubai is another highly popular classified website in Dubai, UAE. Here, you can buy and sell new and used properties and vehicles. Furthermore, Total Dubai offers many services, including Accounting and Consultancy, Advertising and Marketing, Visa and pro services, Business consultancy, General Contractors, Home cleans and Maids, Real Estate agents, Handy Man, and more. You can also explore categorized job listings on this website based on different profession types. It is a 100% reliable and safe website to begin your journey with.https://www.totaldubai.com/ 3. AdPieceWith 11 years of experience, 4 offices in Dubai, great and leading partners in the market, and most importantly, thousands of satisfied users and clients, AdPiece is our next pick in the classified websites market in Dubai UAE. It is a leading platform that designs and executes tailored marketing and monetization solutions using great power, Artificial Intelligence-driven technology, and proprietary architecture. With AdPiece, you can explore many services with the best features, including media strategy and planning, desktop and mobile, seamless integration, performance-based optimization, and more. So check out the website right away!http://adpiece.com/ 4. Get That (gt)If you are in search of a classified portal for GN media, you have come to the right place. Get That or GT is probably the biggest UAE-based classified online marketplace for selling and buying properties, jobs, and new and used vehicles. It offers a highly reliable and responsive website where you can get categorized names and details of the sellers and places in Dubai. From Honda, Nissan, BMW, and Toyota, to Mercedes Benz, you can explore all top-notch brands of cars from the major cities of Dubai, including Abu Dhabi, Ajman, Sharjah, and more. This website has over 4.5 million unique users. So, be a part of Get That soon.https://getthat.com/autos# 5. Dubai Classified.comDubai Classified is another excellent free online classified website in Dubai. You can post your ads for jobs, properties, part-time jobs, buy and sell domestic services, automobiles, commercial services, pets, and other day-to-day classifieds. This is a highly responsive website with 24/7 customer support service. You can find over 2000+ listings in all categories, including different services, education, jobs, communities, businesses, etc. For more information, you can follow Dubai Classified on social media platforms, including Facebook, Twitter, Pinterest, YouTube, and LinkedIn.https://www.dubaiclassified.com/ads/ 6. Dubai Bulletin BoardDubai Bulletin Board, which generally goes by the name Dubai BB, is a great, trusted, and highly secure free online classified in Dubai, UAE. Whether you are new in Dubai or need a job, vehicle, or property, you no longer need to search for them here and there as long as you have a phone and internet connection. With Dubai BB, you can find everything, such as hotel accommodation, apartments in Dubai, cars, household furniture, electronic goods, mobile phones, computers, and many different services and jobs according to your need. So go and check out the official website at your early convenience.https://dubai-bb.com/ 7. Adsnity.comAdsnity.com is another free classified ad posting website for Dubai residents and offers free classified services in different countries worldwide, including Europe, America, Australia, Canada, China, Indonesia, etc. This website generates free leads and sales where you can post your ad and buy products depending on your budget, requirement, location, and other details. With this exciting website, you can buy and sell cars, autos, electronics, services, software tools, and thousands of other items. So, go and search for the item you need on Adsnity now.[Website]8. Expatriates.comWith Expatriates.com, now posting free ads and locating your necessary items, services, and properties is no longer a hassle. If you are from Dubai and searching for a free classified website that works internationally, this one is probably the best option. On this website, you can post and find items, including appliances, electronic goods, books, furniture, bicycles, jewelry, phones, music instruments, and so many other things. Additionally, it is an excellent website for all job seekers and employers. So hurry up and check out Expatriates.com soon.https://www.expatriates.com/ 9. Classified ArabiaClassified Arabia is an excellent option for all Dubai residents, where they can browse and post millions of necessary advertisements depending on their requirements and preferences. This website offers numerous categories when it comes to selling and buying products. From vehicles, real estate, and jobs to pets, accommodation, and many services, you name it and get it on Classified Arabia. It is not only Dubai’s but the world’s number one platform for classified with the maximum possibilities. So if you are interested, make sure to check out Classified Arabia ASAP![Website] 10. Wall ClassifiedsThe number ten classified website in Dubai must be Wall Classifieds, an excellent platform for posting about different services, job options, learning, items, vehicles, real estate, education, pets, and more. Wall Classifieds offers a highly responsive website for all users with different requirements. Finding the thing you are looking for is effortless with this website. All you have to do is jot down your location and the category you want to look for, and the website will open a giant collection of items within a few seconds.https://www.wallclassifieds.com/ 11. Free Ads TimeFree Ads Time is an emerging classified website in Dubai, UAE, offering users multiple classifieds and business options. Here, anyone can explore anything, including antiques, art and crafts, baby products, cameras, Christmas items, electronics, furniture, handmade items, industrial products, kitchen products, musical instruments, pets products, video games, appliances, books, cell phones, clothing, vegetables, foods, office items, luggage and bags, and many other items. So don’t forget to check out the website next time.https://www.freeadstime.org/ 12. Gigantic ListGigantic List is another trusted and favorite website in Dubai, highly known for publishing great qualified, free ads for different needs. On this website, you can buy and sell different items without any potential risk. From vehicles, real estate, and learning to community, health, and jobs, GiganticList offers everything. So, get your hands on Gigantic List’s official page to post advertisements and keep selling and buying products at a reasonable price.https://www.giganticlist.com/ 13. Find MasterOur next classifieds and business website is Find Master, which enables users to buy and sell products and services effortlessly from all over Dubai at any time. This website opens a profitable door for all sellers since they can post anything they want to sell using Find Master. Additionally, it is an excellent platform for buyers where they can find great deals on real estate, pets, new and used vehicles, home insurance, and more. So make sure to go and visit Find Master at least once for more clarity.https://www.findermaster.com/contact 14. Viva UAEViva UAE is highly known for providing high-response free classifieds and advertisements all over Dubai. The website is nicely made and specially designed for users, keeping their convenience in mind. You can find thousands of resourceful and valuable services on the website, including renovations and repairs, health and therapy, moving and transport, freelance, security, IT and telecom, classes and lessons, and more. The extra perk of this website is that it also offers the travel and tourism category and the vehicle and transport category. So, if you are looking for services and items or in search of buyers, go to the Viva UAE website for more info.https://vivauae.com/ 15. LocantoLastly, Locanto is a tremendous free classified website that mainly provides user-to-user classified ads in all major cities in Dubai. Placing an ad on Locanto works like a local newspaper, somewhere better than a newspaper. The categories you can find in Locanto are classes, community, events, for sale, personal, vehicles, jobs, real estate, and more.https://m.locanto.ae/ ConclusionThese, in short, were the top 15 classified websites in Dubai, UAE. So, if you are from Dubai, make sure to go and check out all of these websites at your early convenience and begin your journey of posting ads, selling, and buying different products, services, and other things. Make your wise choice now!

Global firms chose Dubai for their business activities and kept their predominant existence in the region. Meta, previously known as Facebook, opened its regional headquarters in early 2022. Companies like Visa also extended their purpose-build headquarters opened last year. Many global companies relocated their operations and employees from Eastern Europe and Russia to the UAE. Dubai proved itself as a hub for worldwide commercial and technology. Many new market entrants are aiming to enter Dubai, offer services to a bigger market, and reach a larger audience. This was proven after seeing a rise in issuing a higher number of new license registrations than renewals. DOWNLOAD THE REPORT The large chunk of the leads received from companies was for formation from the EU, US, and Russia. Services and technology sectors, notably Fin-tech, continued to show demands for occupation, followed by Crypto businesses. Setting up commercial entities like shops of all kinds and restaurants in popular and new locations has impacted the market in Retail and resulted in higher sales than Offices. Commercial Sales | Dubai The commercial property market has witnessed a 38% increase in units transacted for H1 2022 compared to H1 2021. What we saw in 2021 continued in H1 2022 with an 89% increase in sales value for H1 2022. That resulted in a rise in prices, demand, and sales for commercial properties. According to CRC data, leasing transactions decreased by 1% for H1 2022 over H1 2021. However, we have witnessed the highest growth in the warehouse sector, warehouses at 142%. Across the board, the registered tenant leads for CRC increased by a staggering 140% in H1 2022 compared to H1 2021. All the sectors in commercial property recorded increased demand, the highest increase for Warehouses by 180% followed by an increase in demand at 136% for Retail and 114% for Office spaces. Across all sectors, i.e. Offices, Warehouses, Retail, and Labour Camps, inquiries for investment rose compared to last year, which helped capital value expectations rise for the year ahead. Investment trends across property in the UAE during H1 2022 have witnessed a positive trend, whereas the owners modify how we use office space. Post-COVID situations were favorable for the retail sector, as the public started to go out and increased tourist arrivals. Thus, the country experienced massive demand for commercial spaces of all kinds. COMMERCIAL LEASING The commercial property sector maintained momentum during the second quarter of 2022. Most relocation and consolidation activity was concluded over H2 2021 and Q1 2022, with existing companies keeping their current office spaces due to attractive lease rates they could achieve during or before COVID-19. According to CRC data, leasing transactions decreased by 1% for H1 2022 over H1 2021. However, we have witnessed the highest growth in the warehouse sector, warehouses at 142%. Across the board, the registered tenant leads for CRC increased by a staggering 140% in H1 2022 compared to H1 2021. All the sectors in commercial property recorded increased demand, the highest increase for Warehouse by 180% followed by an increase in demand at 136% for Retail and 114% for Office spaces. In Q1 2022, we saw an increased demand in commercial spaces that continued to Q2 2022 for both Grade A and Grade B, with the highest occupancy levels in Dubai compared to the last few quarters. CRC has witnessed a higher conversion of inquiries and longer transaction timelines for all types of commercial spaces, mainly offices. The most preferred office size is between 1,500 sq. ft to 3,000 sq. ft range with a very high preference for fitted office spaces, which continues to be in small supply in superior built and centrally located office stock. DOWNLOAD FULL REPORT

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 Insurance Okay! 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 Insurance Nobody 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 Insurance Is 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 Insurance We 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 Insurance Now 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 Insurance In 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 Insurance Employees 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 Insurance As 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 Insurance Many 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 Insurance Machines 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. Conclusion Dubai 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.

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

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

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 Warehouses The 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 Warehouses Selecting 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 Dhabi Acquiring 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. KIZAD One 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 Quoz Another 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 is popular 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 Park An 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 Khor Another 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 Qusais Highly 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 Ali As 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 Area Acquiring 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 yields With Dubai’s economy booming, the market is growing and in turn, so is the demand. This is great news for new buyers, as the continuous high demand presents the ability to sell your property at any time in the future, without losing money.  The damned doesn’t stop at just sales either. Properties for rent are highly sought after in Dubai and if you own a property in one of the premium locations, such as Downtown or Dubai Marina, owners are able to make a great profit from tenants.  For comparison, in most European cities the rental yields do not exceed 3%, however in the Emirates they can reach up to 10%. Stable economy Although the state of the economy is never guaranteed, based on the growth Dubai’s economy has faced the past few years, it is highly anticipated to continue on the upward trajectory as the city attracts more tourists, investors and businesses every year. The government has also embarked on several initiatives and reforms the past few years, particularly aimed at attracting more foreign investment in the country. Including the introduction of a 10-year visa, also known as a Golden Visa, with the purpose of offering long-term residence for individuals and retaining talented people in the country. In January 2022, the UAE also embraced the global work week of Monday – Friday which helped propel the emirate’s position, both from a trade and transport perspective, as well as its status as a financial hub and a tourism destination. Attractive taxation laws One of the biggest incentives for those living and working in Dubai, is the absence of taxes such as personal income or property tax.  This allows you to own any type of housing without wasting money on additional costs. It also means you are able to rent out real estate and receive a net profit, tax free.  Looking into 2022 and beyond, both Dubai’s economy and real estate market looks set to continue its positive momentum, driven by a continuous influx of new capital and a relatively cautious release of new supply by government and semi-government developers. If you are interested in investing into commercial real estate, you can get in touch with one of our agents today. If it’s residential real estate you are interested in, you can contact our expert team at Betterhomes.

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%.

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

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