Are you looking to purchase a commercial property in the best area of Dubai? Well, then you are at the right place. With the introduction of the new ten-year UAE visas and changes in commercial company laws, many business owners and entrepreneurs are settling in the UAE. If you want to start a business in Dubai. In that case, it is essential to know existing and upcoming communities like Business Bay, Palm Jumeirah, its upcoming project Six Senses Dubai, etc., for commercial property. You can also invest in off-plan properties Dubai for your commercial purposes. We have created a list of the best areas for commercial investment in Dubai for you. We are pretty sure that it will help you a lot.
1. Business Bay:
Business Bay is the most desirable area in the city’s commercial real estate market. The area personifies a fast-paced and cosmopolitan vibe, making it one of the most sought-after places to own these properties. It is one of the best-connected neighborhoods as Al Safa, Jumeirah, Sheikh Zayed Road, and DIFC are all a short drive away. Business people who travel regularly will find this area appropriate as Dubai International Airport is only 15 minutes drive away. In addition, Business Bay provides investors with different types of commercial real estate for sale, from commercial floors and office spaces to shops and large units.
The area is a fast-paced vibe making it one of the most wanted places to buy a property. It connects all areas amazingly like DIFC, Al Safa, Jumeirah and Sheikh Zayed Road are all a short drive away.
The Average Price per sq. ft for offices is AED 908, while for shops, it is AED 1.6k per sq. ft.
2. Jebel Ali:
If you have a business involved in logistics, manufacturing, and trading, then investing in commercial real estate in Jebel Ali is the best choice. The area is one of the city’s largest commercial ports and business centers and is situated on the southern outskirts of Dubai. The Jebel Ali Free Zone is home to over 7,000 companies operating in various industrial and service sectors. It is also home to the port of Jebel Ali, known as the busiest port in the Middle East.
Jabel Ali is one of the biggest commercial areas and business hubs in Dubai city and is located on the southern outskirts. It is home to the Jebel Ali Free Zone, which houses over 7,000 companies active segregated as industrial and service sectors. The Jebel Ali port is also located here and is known to be the Middle East’s busiest port.
Currently, the price per sq. ft for warehouses is AED 168. In addition, offices for sale are also available in Jebel Ali.
3. Palm Jumeirah:
Palm Jumeirah is the largest artificial island globally, covering a total area of 5.72 sq. km. Crescent-shaped breakwaters encompass the island. It represents a few luxurious beaches globally that are famous for offering tourists the world’s best tourist attractions. Due to its unique characteristics, Palm Jumeirah is very popular among celebrities around the globe.
It is another most beautiful and desired area for buying property by investors in Dubai – which also happens to top the list of best-performing luxury areas. If we analyze the past few years, Palm Jumeirah’s location and wonderful real estate projects have made it one of the most reliable areas for real estate investments in Dubai. Recently, the Palm Beach Residencies and Raffles projects are the main attractions for the investors which are being developed, on completion, will certainly further boost the demand for this location. The Palm Jumeirah is also popular for its spacious luxury villas.
Palm Jumeirah offers some of the best office spaces and commercial properties for foreign investors to own. Unique characteristics of commercial office space are first-class infrastructure, medical facilities, and state-of-the-art telecommunication.
In addition to iconic real estate developments on Palm Jumeirah, other properties and off-plan development projects include Marina Residences, Oceana, and an upcoming project, Six Senses Dubai.
Al Quoz:
Another area that is famous for commercial real estate investments in Dubai in Al Quoz. While the area’s business district has mostly warehouses and factories, buyers can also find shops and offices.
Currently, warehouses in Al Quoz are available at AED 231 per square foot.
International City:
International City is another popular choice for UAE residents, having buildings divided into ten clusters. It can be the perfect place to invest in the commercial property market if you want to purchase a shop.
The average price for stores in International City is AED 596 per sq. ft.
