The emirate of Dubai, which is an emirate of the U.A.E, has emerged on the global business scene as a business hub because of its strategic location, business-friendly environment and state-of-the-art infrastructure thus making it an ideal destination for various business setups. Dubai offers various benefits to a wide range of industries ranging from tax benefits of free zones to the broad market reach of Dubai mainland business setups. In addition to this, Dubai attracts skilled workforce and professionals from across the globe, making it easier for businesses to hire talented employees locally. Dubai is the world’s gateway to the Middle East, Africa and Asia and as a result, a business in Dubai has easy access to global markets.
The one sector that has benefitted the most from the rapid economic growth of Dubai is the real estate sector of Dubai. The standard of living, secure environment and the business opportunities provided by Dubai have made it a hub for real estate investments from around the world. Like all real estate markets around the world, Dubai’s real estate market has also seen fluctuations from time to time but it remains a robust, lucrative sector for investors. Real estate in Dubai, whether it is commercial or industrial, is a dynamic and intricate market.
By using their market insights and strategic proficiency, real estate consultants are able to guide their clients in making informed decisions, minimize risks and achieve good returns on their investments. Choosing the right real estate consultant like ‘GrowBiz’ is crucial to make a successful investment in the industrial/commercial real estate market of Dubai. With the help and guidance of our experienced real estate professionals, investors and stakeholders can capitalize on opportunities in the industrial and commercial real estate market to make investments that survive market fluctuations. We will try to get an insight into the industrial and commercial property landscape in Dubai in the following text.
Industrial Property Market:
Due to Dubai’s role as a logistics and distribution centre for the whole of the Middle East, Asia and North Africa, the demand for industrial properties is always increasing. Industrial properties such as warehouses, labour camps and manufacturing sheds and facilities are always in demand. The specialized and dedicated key industrial zones such as Jebel Ali Free Zone and Dubai Investments Park have state-of-the-art infrastructure along with ports and also include custom duty facilities, all of which boost the efficiency of business operations. Additionally, these free zones also offer extensive logistics and warehousing solutions to businesses. In recent times, e-commerce has seen rapid growth in Dubai, increasing the demand for warehouses and distribution facilities.
A focus on environmental sustainability by the Dubai government has led to projects like the Dubai Industrial Park which attracts companies that want to set up environmentally friendly industries thereby creating a demand for eco-friendly industrial properties.
Commercial Property Market:
Dubai’s commercial property market is made up of primarily retail spaces and office spaces. The business districts of Dubai like Dubai International Financial Centre and the Downtown area of Dubai have a diverse range of businesses. Thus these areas offer office spaces that cater to the needs of different businesses.
The diverse population of Dubai and the tourists that visit the city in millions annually together create a huge consumer base for retail businesses. This creates a constant demand for retail spaces in Dubai. Apart from the various retail options available in Dubai, various malls in Dubai like the Dubai Mall, Mall of the Emirates, etc. provide dedicated retail spaces for local as well as international businesses.