Investing In Dubai Commercial Property

As Dubai’s skyline continues to reach dizzying new heights, the price of office space does the same, which is grave concern for businesses in the Emirate.  The increase in freehold projects aims to solve the woes of firms in the region by offering more commercial property to meet the high levels of demand, and with projects meeting the top and lower ends of the budget, office space will become more freely available over the next few years as projects are slowly completed.
Dubai is quickly becoming a top destination for tourism and business, meaning that greater interest in the Emirate is pushing up the prices of office space to the levels you see in other large cities across the world.  With the freehold property boom bringing the opportunity to own commercial space as well as residential units, more and more firms are looking to buy office space over paying high rents.  The number of projects dedicated to commercial purposes is quite high, and these projects vary according to the types of space in demand and the price ranges that buyers can expect to pay.

Business Bay and Downtown Dubai are key examples of high-priced freehold commercial space.  Both of these projects are located in the heart of Dubai city, and therefore carry a hefty price tag due to the convenience of surrounding infrastructure and the close proximity of the Dubai International Financial Centre, where the Stock Exchange and other freehold properties are available.  The top businesses are quickly snapping up office space in all these projects, and once complete these projects will combine to create the middle of Dubai’s business district, which will share many similarities to London’s Canary Wharf and New York’s Manhattan, with the Dubai Creek at the centre.

For commercial property of the same calibre but with a lower price tag, Jumeirah Lake Towers is another major project that is just outside the centre of Dubai and offers the same quality infrastructure and amenities.  Many businesses have chosen to locate in Jumeirah Lake Towers for the convenience of avoiding the traffic within the city and the lower costs per square foot of the units on sale.  For property buyers that still feel priced out by these projects, the Schon Investment Park will offer even more affordable commercial property due to its location further out of the city.  With the excellent network of roads across the Emirate of Dubai, nowhere is too far out of reach.

If you are looking to invest in Dubai property or Dubai real estate let us help and assist you.
 

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