Commercial real estate in the UAE is marketed through a variety of channels, including:<\/p>\n\n\n\n
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- Online listings:<\/strong> There are a number of online real estate portals in the UAE, such as Dubizzle, Property Finder, and Bayut. These portals list a wide range of commercial properties, including offices, warehouses, retail spaces, and industrial units.<\/li>\n\n\n\n
- Real estate agents:<\/strong> Real estate agents can help you find the right commercial property for your business, based on your specific needs and budget. They can also negotiate on your behalf to get you the best possible deal.<\/li>\n\n\n\n
- Direct marketing:<\/strong> Some commercial property owners also market their properties directly to businesses, through email marketing, social media, and other channels.<\/li>\n<\/ul>\n\n\n\n
How to find the right commercial real estate for your business in the UAE<\/strong><\/h2>\n\n\n\n
Here are some tips for finding the right commercial real estate for your business in the UAE:<\/p>\n\n\n\n
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- Start by defining your needs.<\/strong> What type of commercial property do you need? What size space do you require? What is your budget?<\/li>\n\n\n\n
- Do your research.<\/strong> Once you know what you're looking for, start researching different commercial properties and areas. Read online listings, talk to real estate agents, and visit properties in person.<\/li>\n\n\n\n
- Consider your business needs.<\/strong> When choosing a commercial property, it's important to consider your business needs. For example, if you need a lot of storage space, you'll need to look for a property with a warehouse or storage unit.<\/li>\n\n\n\n
- Be prepared to negotiate.<\/strong> Once you've found a commercial property that you're interested in, be prepared to negotiate with the landlord. This is especially important if you're renting a property.<\/li>\n<\/ol>\n\n\n\n
<\/div>\n\n\n\n![\"Handsome](\"https:\/\/prism7realestate.com\/wp-content\/uploads\/2023\/10\/handsome-man-with-dish-dasha-working-in-an-office-1024x524.jpg\")
<\/figure>\n\n\n\n<\/div>\n\n\n\nShould You Be Renting or Buying Your Business Premises<\/h2>\n\n\n\n
Whether you should rent or buy commercial premises in the UAE depends on a number of factors, including your business goals, budget, and risk tolerance. If you are in the fortunate position of having the option of buy property for your business, then you may be able to look at this as another investment, in general the real estate market in the UAE (commercial and residential) is known for being a great asset for investors. However even if you can it's not always the best option for your business, depending on your goals and situation, see below for some pros and cons.<\/p>\n\n\n\n
Benefits of renting commercial premises in the UAE<\/strong><\/h3>\n\n\n\n
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- Lower initial investment: Renting commercial premises requires a lower initial investment than buying. This is because you only need to pay a security deposit and rent, rather than the full purchase price of the property.<\/li>\n\n\n\n
- Flexibility: Renting commercial premises gives you more flexibility than buying. For example, you can easily relocate to a larger or smaller space, depending on your business needs.<\/li>\n\n\n\n
- Less maintenance and repair costs: As a tenant, you are not responsible for the maintenance and repair costs of the property. This is the responsibility of the landlord.<\/li>\n<\/ul>\n\n\n\n
Benefits of buying commercial premises in the UAE<\/strong><\/h3>\n\n\n\n
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- Equity: When you buy commercial premises, you are building equity in the property. This means that the value of the property may increase over time.<\/li>\n\n\n\n
- Rental income: If you buy commercial premises and rent it out to other businesses, you can generate a rental income. This can be a good way to offset the cost of the mortgage and other expenses.<\/li>\n\n\n\n
- Capital appreciation: The value of commercial premises in the UAE has been appreciating steadily over the past few years. This means that if you buy commercial premises now, you could potentially sell it for a profit in the future.<\/li>\n<\/ul>\n\n\n\n
Factors to consider when deciding whether to rent or buy commercial premises in the UAE<\/strong><\/h3>\n\n\n\n
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- Business goals: What are your business goals for the next few years? If you are planning to expand rapidly, you may want to rent commercial premises so that you have the flexibility to relocate to a larger space. However, if you are planning to stay in the same location for the long term, you may want to consider buying commercial premises.<\/li>\n\n\n\n
- Budget: How much money can you afford to invest in commercial premises? Renting commercial premises is typically more affordable than buying, but you will need to factor in the cost of rent over the long term.<\/li>\n\n\n\n
- Risk tolerance: Buying commercial premises is a more risky investment than renting. This is because the value of the property could decrease over time. If you are not comfortable with this risk, you may want to consider renting commercial premises.<\/li>\n<\/ul>\n\n\n\n
Ultimately, the decision of whether to rent or buy commercial premises in the UAE is a personal one. There is no right or wrong answer, and the best decision for you will depend on your individual circumstances. At Prism 7 we deal with real estate investment as well as commercial real estate for businesses, so if you are unsure our team may be able to help you consider the options with the benefit of our experience and insight. <\/p>\n\n\n\n
<\/div>\n\n\n\n![\"Aerial](\"https:\/\/prism7realestate.com\/wp-content\/uploads\/2023\/10\/shipping-container-site-loading-in-logistic-port.jpg\")
<\/figure>\n\n\n\n<\/div>\n\n\n\nWhere's The Cheapest Place For Business Premises in the UAE<\/h2>\n\n\n\n
Assuming you want to rent space for your business, we can checkout some of the average cost to rent space in a few different areas in the UAE. This will give you a rough idea of the differing costs between some areas in the UAE. However you should also remember to take into account that there may be unique benefits to locating your business in certain areas, this will depend on your business type, but a business serving customers or clients face-to-face may find that there is far higher foot traffic if based in Dubai for example.<\/p>\n\n\n\n
Area<\/th> Average cost of business premises per square meter per year (AED)<\/th><\/tr> Dubai<\/td> AED 1,500 - AED 3,500<\/td><\/tr> Abu Dhabi<\/td> AED 1,000 - AED 2,500<\/td><\/tr> Sharjah<\/td> AED 700 - AED 1,500<\/td><\/tr> Ajman<\/td> AED 600 - AED 1,200<\/td><\/tr> Ras Al Khaimah<\/td> AED 500 - AED 1,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Please note that these are just averages, and the actual cost of business premises can vary depending on a number of factors, such as the type of property, the size of the space, and the location. It is also important to note as above that the prices listed are for rental properties. If you are considering buying business premises in the UAE, the cost will be significantly higher.<\/p>\n\n\n\n
- Do your research.<\/strong> Once you know what you're looking for, start researching different commercial properties and areas. Read online listings, talk to real estate agents, and visit properties in person.<\/li>\n\n\n\n
- Real estate agents:<\/strong> Real estate agents can help you find the right commercial property for your business, based on your specific needs and budget. They can also negotiate on your behalf to get you the best possible deal.<\/li>\n\n\n\n