Dubai, Jumeirah Village Circle
Dubai, Palm Jumeirah
Dubai is one of the largest economic centers. Every year, thousands of investors from all over the world invest in real estate in the UAE, as well as open a profitable businesses in the country. Both the purchase of commercial real estate for business and the acquisition of a ready-made business is popular.
Owning premises in Dubai allows you to earn both by renting them out and by running your own business. Most often, investors invest in such types of commercial real estate as:
offices in Dubai;
shops in the city and its environs;
hotels in tourist areas;
cafes and restaurants;
premises for beauty salons and spas;
other buildings and land under them.
The price range is quite high though. For example, a small office in Dubai of up to 30 square meters or a similar store can cost even less than $100,000, while hotel premises cost at least several million dollars.
The population of Dubai is constantly growing, as is the number of tourists visiting this city every year. Naturally, more and more shops, beauty salons, and catering places are required. Investors have the opportunity to buy the building at the construction stage and rent it out, open a business in it on their own, or purchase an already operating institution. UAE legislation makes it as easy as possible to process all the necessary documents for foreigners.
Shops in Dubai can be located in any area of the city or suburbs, which cannot be said about hotels or industrial enterprises. Profit from renting out purchased real estate can range from 5 to 15%, in the case of doing business on its own, the store pays off in the first couple of years, after which it goes to net proceeds.
In the Dubai commercial real estate market, offices occupy one of the leading positions in terms of demand. IT companies are especially interested in them. The liquidity of office space is determined by the area of location, the level of the office itself, and the infrastructure around it. All offices in Dubai can be divided into 3 groups:
group A (new buildings with high real estate values);
group B (middle class, fairly competitive premises)
group C (suburban complexes).
The main factor influencing the choice of office space for purchase is a convenience for future employees. For example, offices in Jumeirah Lake Towers are convenient in terms of accessibility for both those who travel by car and those who use the local metro. Office space here costs from $70,000 for an office of 40-45 square meters. For comparison, an office in the very center of the city will cost no less than $1,000,000. In fairness, we note that the average area in the center is higher than in other areas of the city. Offices in Downtown Dubai start from 180 square meters.
When choosing and buying commercial real estate for any purpose, it is important to conduct a quality assessment of the premises or a ready-made business, prepare all the documents, and execute the transaction under the control of a legally savvy person.
Al Hayat Almushreqa real estate has been working with the residential and commercial real estate market for many years and has experience in transactions in all sectors. Conducting a transaction with maximum benefit and security for the client is the main advantage of working with a professional agent.
After the conclusion of the contract and the transfer of ownership to a new owner, the investor receives not only the opportunity to earn, but also the right to obtain a resident visa for himself, his family, and the employees of his business. And the ever-growing demand for commercial real estate will guarantee a return on investment in the event that a decision is made to leave the Dubai market.