Dubai Commercial Property

Due to the large increase in business activity in Dubai, there has been a sudden increase in demand for office space.  Prices of Dubai commercial property per square foot are now amongst the most expensive in the world; however, demand still outstrips supply.  Due to this excessive need for commercial space, the Dubai freehold market has several projects that are complete and under development that will increase the quantity of commercial property available by several-fold.

Dubai is fast becoming one of the Middle East’s most important business destinations, and as a result, more and more multinational firms are locating in the Emirate every year.  The past couple of years have been especially prominent in the inflow of investments to the United Arab Emirates, particularly Dubai, and this is set to keep rising throughout 2008.  The problem is that all these firms need the correct infrastructure, business environment and above all, office space, to operate.
Thanks to the freehold property boom, more and more freehold property is going onto the market everyday in the form of residential and commercial units.  At the moment, there are several large key projects that are set to meet the high demands of local and international firms, and these projects are going to be complete over the next several years, with some aiming for completion this year.

Projects which are highly anticipated for the commercial property market are Business Bay, Dubai International Financial Centre, which is already open, Downtown Dubai, Jumeirah Lake Towers and Dubai Silicon Oasis.  With the first three projects centrally located at the heart of Dubai, these developments will be an integral part of the Dubai financial district, which will be home to a mix of commercial, retail and residential freehold property.

For more information on buying commercial property in Dubai, our property agents will be happy to deal with your enquiries and our website, propertyportal.ae, has a large selection of commercial space available right now.
 

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