The United Arab Emirates (UAE) is one of the world's most sought-after places to start a business because of its booming economy and welcoming business environment.
There are several factors to consider when choosing the best location for your commercial rental property. The UAE is a large country with many industries, offering unique business opportunities for each emirate. This blog will explain the best areas for commercial rental in UAE for 2022 and their importance.
Dubai and Abu Dhabi are the best commercial rental areas in the UAE for 2022.
Dubai's economy is booming exponentially in 2022. As a result, there is a lot of potential for new businesses to open in the area, and there are many areas where you can rent office space at affordable rates.
This has become the most successful real estate market in the past few years. So, it should be no surprise that people want to invest in Dubai's property market. More and more people worldwide are making their way to Dubai, and there is an increased demand for commercial rental properties.
The average cost of commercial rent in Dubai is around AED 200 per square foot per month. However, this number can vary depending on where you want to rent your office space and how much space you require.
The best areas to get a commercial rental in Dubai are:
JLT is one of the most sought-after commercial areas in Dubai. It's a residential and commercial hub with extensive amenities and facilities, including many restaurants, cafes, bars, and shops. The area is also close to Dubai Marina, making it ideal for companies that want to be near two central business districts.
Deira is one of Dubai's oldest areas but offers several business advantages. Although it's not quite as modern as other areas in the city, there are still plenty of offices available, especially if you're looking for something more affordable than some other locations on this list. This area is also home to many retail outlets, including supermarkets and shopping malls such as Deira City Centre and Al Ghurair Centre.
Al Barsha is another popular location for businesses because it has everything you need within easy reach — restaurants, cafes, bars, and shops all within walking distance, so you don't have to go far if you need anything during work hours! There are also plenty of hotels nearby if you require accommodation on short notice too.
The Dubai Marina is one of the best places in Dubai for commercial rental because it offers an ideal mix of residential and business properties. The area has become home to some of the world's largest corporations, including Microsoft and Samsung. It also has a thriving retail sector with several malls offering everything from luxury brands to high street stores like Zara and H&M.
Business Bay is another excellent location for companies seeking a commercial rental in Dubai due to its proximity to other central business districts such as Media City and Silicon Oasis. The area has seen enormous growth over recent years, with many large companies choosing it as their base due to its central location.
Located in the heart of Dubai and close to downtown Dubai, this area offers excellent connectivity via roads and railways. Discovery Gardens has attracted major companies like IBM and Citibank, among others, due to its central location, easy access to public transport networks, and good amenities nearby, including schools and hospitals.
Commercial properties are considered one of the most valuable investments in Dubai.
If you are not a resident of Dubai, then it is compulsory to get a NOC from your country's embassy. You can also rent out commercial property. But some factors need to be considered before renting a property, such as location and facilities.
The best time for renting a commercial property is during the off-peak season whereas typically the most expensive times are January-March and June- July.
Finding the right property agent in Dubai can be a difficult task.
Follow these tips to find the best property agent for your needs:
If you are running a small independent business, renting a large commercial property might not be your best option as it may be too expensive for your company. On the other hand, if you are running a large organization and need to rent an ample space with plenty of parking, then you should choose a spacious commercial property.
Therefore, you need a real estate company to help you search for the best place for your business.
Al Majid Property Co. LLC, one of Dubai's leading companies, provides extensive commercial real estate options.
Get in touch with our real estate agents to know more.