if it's commercial space in Dubai you are looking for, then read on

We do dedicate a lot of time to telling you about the latest freehold homes that investors can buy; now it’s time to talk about commercial property.  Believe it or not, but there is almost as much commercial space on the Dubai property market to buy, as there is residential, and more often than not investors are looking to own space for their company, rather than to keep renting.

The Dubai real estate rental problem

Not just for accommodation, you know! The problem of ever-increasing rents has had just the same impact on leasing commercial space, and pushing office budgets up and up.  While this hasn’t been too much of an issue for multinational firms with billions to spend, this has hurt small business.  It is thought that office space in Dubai is now amongst the most expensive in the world, especially if you want to be in the best location, namely the Business Bay, Dubai International Financial Centre district.  Office are available at these developments for both leasehold and to buy, as are land plots for firms that might want to own the whole tower, and believe me, many do!

What about small business?

Fortunately, not all is lost for the small business and there are cheaper options that will move your company out of the city centre, but towards the area of new Dubai.  Jumeirah Lake Towers is a development that will offer a multitude of sub-development towers with commercial space and residential space.  As this is not in the middle of the city, the prices are much lower, although obviously not as cheap as you would like, but the facilities are going to match those of the more costly options.  The Jumeirah Lake Towers will come complete will full amenities, restaurants, shops and cafes, and have the convenience of large shopping malls and the best hotels just a few minutes away.  While this may not be the ultimate location for your business, it is a fantastic option if paying the earth for office space isn’t feasible.

The future of the market

Every property speculator is just waiting and biding their time until the property prices start to lower, as it is predicted that the boom is over.  However, prices show that the boom has extended long past what was predicted, and since the market is so new, is it as easy to judge as more-established real estate markets that are used to booms and busts.  Many investors would assume to wait it out a bit longer, and they could well be right, but you should start looking for your office space now, because exactly what you need for your business may not be available later.

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