An Over View of Commercial Properties for Rent in Dubai
The real estate market in Dubai seems to be flooded with commercial property for rent. Prospective tenants and companies are spoilt for choice with the amount of commercial and retail places that are up for grabs. Competition is high as well. The best commercial places will be gone if you take too long to decide. Here’s an overview of what you can expect if you are looking for rentals in commercial spaces in Dubai:
While the prices for commercial property for rent in Dubai are lower than that of places like Honk Kong or London, Dubai’s rates are in competition with the top countries in the world. The city’s rental prices are closing in on these top cities. This is a good sign for investors; however it has hit the pockets of the tenants quite hard. The average rent per square foot of office space is about 329 AED. This trend does not look like it is going anywhere either. As long as the demand for commercial space outweighs the supply, the rents in Dubai will go nowhere but up. If our team has an indicative of the amount you would like to spend on rent, we can shortlist places accordingly.
Given that the demand for commercial properties for rent in Dubai is so high, you can be rest assured that you will face some stiff competition when it comes to finding places that are value for money. If you are looking for a commercial property with a budget constraint attached to your search, you should get in touch with us at the earliest. Getting in touch with us with your requirements helps us speed up the process of short listing the places you could consider.
Many of our clients who find the rates of the commercial properties for rent in Dubai high opt for the option of a split office just so that they can have an impressive address on their business cards. What is done here is that a part of the office is sub let to a smaller firm so that the rent becomes affordable.
We would recommend that you consider the areas you want to look at when considering Dubai commercial property for rent. While a lot of the areas that you have in mind might be posh and central, you also need to consider the fact that some of them have problems with electricity and water.