Looking to buy commercial property in Dubai? Well, you’re in luck! Today MyBayut explores the commercial property market in Dubai, to tell you which are the five more popular areas within it, for purchasing any sort of commercial property. After the introduction of the new 10-year UAE visas and changes to the UAE company ownership laws, experts say that the property market will experience a boost, especially in terms of sale, as more business owners are likely to set up shop in the UAE. If you are considering the possibility of setting up a business in Dubai, getting to know the best areas to buy commercial property in the city can be beneficial. Here’s a closer look at the five most popular areas to buy commercial property in Dubai.
BEST AREAS to buy COMMERCIAL PROPERTY IN DUBAI
Whether it be offices or shops for sale in Dubai, the following five areas are considered to be the most popular, according to searches conducted by Bayut’s users, over the past 12 months.
BUSINESS BAY is THE MOST POPULAR AREA FOR buying COMMERCIAL PROPERTIES IN DUBAI
Taking the first position for both renting and buying commercial properties in Dubai, Business Bay claims the title as the most popular area the city’s commercial property market. The area embodies a cosmopolitan and fast-paced vibe making it one of the most desirable places to own commercial property. It is one of the most well-connected areas as DIFC, Al Safa, Jumeirah and Sheikh Zayed Road are all a short drive away. Business owners who travel frequently will also find this area convenient as it is only a 15-minute drive away from the Dubai International Airport. It is serviced by its own metro station called Business Bay and hailing a cab or catching a bus is easy too – all of which adds to its ease of accessibility. Additionally, Business Bay also offers investors a variety of commercial property types for sale – from office spaces and commercial floors, to shops for sale and bulk units, this area has it all. Apart from all this, Business Bay is also a great area to live in, as it has some great residential units for rent and sale.
JUMEIRAH LAKE TOWERS(JLT) IS THE SECOND MOST POPULAR AREA TO BUY COMMERCIAL PROPERTY IN DUBAI
JLT once again showed up as a favourite for areas with commercial properties in Dubai. Just like Business Bay, JLT too offers business owners a wide selection of commercial spaces for sale and rent. It also ranked second on our list of top areas to rent offices in Dubai. The fact that JLT is a free zone in itself, is the biggest contributor as to why this area is so popular in the commercial property market in Dubai – business owners benefit from the ease of working with similar businesses while also being in a popular metropolitan area in the city. JLT offers a varied mix of some of the best commercial properties for sale in Dubai, which includes offices, commercial floors, shops and more. The availability of residential units in JLT, also adds to the allure of buying commercial property in this area, as it is possible to have an office that is close to home. This area is also a self-sufficient as it is serviced by a metro station and has supermarkets, banks and ATMs dotted all around.
JEBAL ALI RANKS THIRD FOR buying commercial properties in Dubai
If you have a business that is active in trade, logistics and manufacturing, then investing in the commercial properties in Jebel Ali will be your best bet. Located on the southern outskirts of Dubai, Jebel Ali is said to be one of the largest commercial port and business hub in the city. It is home to the Jebel Ali Free Zone a.k.a Jafza that houses over 7,000 companies that are active in a range of different industrial and service sectors. The Jebel Ali port is also located here and is known to be the busiest port in the Middle East. Business owners can choose from a range of commercial properties for sale in Dubai’s Jebel Ali District, that include labour camps and warehouses for sale, as well as, commercial plots, factories and industrial land.
INTERNATIONAL CITY IS FOURTH MOST SEARCHED AREA WITH commercial property for sale in Dubai
Known for being one of the areas with the most affordable housing options in Dubai, our next feature has recently become a popular choice for residents in the UAE. With buildings that are divided into 10 clusters, that are named after countries, this self-contained neighbourhood comes with all the necessities and offers a more relaxed lifestyle as compared to the others that are featured on this list. International City the ideal place to invest in the commercial property market if you are looking to buy a shop, as it provides benefits such as easy access to the Ras Al Khor Industrial Area and the possibility of owning a commercial space that could be close to home.
DUBAI MARINA is also a popular area for INVESTING IN Dubai’s commercial property market
Closing off the list of top five areas with commercial property for sale in Dubai, we have the upscale neighbourhood of Dubai Marina. Although this area is known to be a residential complex that offers a range of leisure activities, it is a hub for commercial activity too. Dubai Marina’s unique Riviera lifestyle offers a new experience for business owners interested in investing in offices for sale with stunning waterfront views. Not only do business benefit from being in the most popular residential and leisure destination in the city but also it’s strategic location, which allows easy access to the city’s popular business districts of Dubai Media City, Dubai Internet City, JLT and JAFZA too.
That concludes our roundup of the top 5 areas for investing in the commercial property market in Dubai. If this is your first time getting involved in the commercial property market, you may find these tips on dealing with commercial property in Dubai helpful.
Which of these areas would you consider investing in for commercial properties? Let us know in the comment section below. For more updates on the price trends in the real estate market, make sure you are subscribed to MyBayut!