COMMERCIAL IN DUBAI
Recent financial recession that stuck the world’s economies has had no or very low impact on Dubai property market especially in terms of commercial real estate in Dubai and other emirates such as Sharjah, Abu Dhabi, and Ajman is on the rise and the world’s ‘business capital’ is continuing to flourish.
With the positive growth in economy and mushrooming of diverse businesses, the demand of commercial real estate in Dubai is all time high.
According to one of the report the online searched commercial properties in Dubai includes offices, labour and warehouses, commercial plots, shops, shopping centers, hospitals and clinics.
There has also been a strong need of labour houses, given the large group of labourers in the city. Dubai is a rapidly growing population area with a complex mix of people from different races and countries live and share their lifestyle with the city. Increased population and there increasing needs have paved the way for lucrative consumerism. Businesses are cashing in by increasing the rate of production,
the need of bigger spaces results in a heightened demand for warehouses in Dubai. This is one of the major reason why warehouses have becomes the major industrial segment of commercial real estate in Dubai and world over.
Dubai offices are also on a high demand, from downtown high rise to suburban office malls, all are the huge specialty in the business sector of commercial real estate in Dubai. Factors that determine the value of an office space include location, economics, demographics, and traffic flow. Dubai presents a wide range of offices for rent and sale, ranging from big to small and from vary basic to luxurious commercial properties.
This is very clear that Dubai commercial market will continue to remain the same in the coming years and buying, selling and renting of offices, labour houses or ware houses will be more profitable them ever before.
