Industrial real estate in the UAE is a wide gateway to profitable investment, as the United Arab Emirates is witnessing a remarkable development in the industrial real estate sector. This is based on its strategic location, advanced structure, and government policies that attract investment.
- The number of industrial properties has increased, making it a promising investment option, given the lucrative returns it provides in the long term. Whether in the field of buying and selling or renting and guaranteeing for a specific period of time.
If you are curious to know more information about the reality of industrial real estate in the Emirates, follow with us the lines of this article, and discover with us the development of the industrial real estate market in the Emirates and its importance going through its advantages and the best investment opportunities available through it, let us follow together.
The importance of Industrial real estate in the UAE
The importance of industrial real estate in the Emirates lies in the following points:
- Contributing to the diversification of UAE investment by increasing foreign investments.
- Supporting economic growth in the UAE.
- Providing direct and indirect job opportunities for Emiratis, residents, and expatriates.
- Obtaining lucrative rents for industrial real estate owners in the Emirates.
- Achieving profitable investment returns in the long term.
The development of the industrial real estate market in the Emirates
The industrial real estate market in the UAE is witnessing remarkable development during 2023 and 2024, driven by multiple factors, including:
- Economic growth: The UAE economy is characterized by a noticeable recovery after the end of the “Coronavirus (COVID-19)” pandemic, which stimulates the demand for industrial real estate by companies that aspire to develop their business.
- Increased demand for e-commerce: Increased demand for e-commerce is driving the warehousing and logistics sector, igniting demand for warehouses and distribution centers.
- Expo 2024 events: Hosting the Expo in Dubai contributed to increasing the demand for industrial real estate needed for its needs and projects.
- Foreign Investments: The UAE is attracting more foreign investments, especially in the industrial sector, which contributes to the demand for industrial properties.
- UAE government support: The UAE government provides great facilities to investors in the field of tax exemption and facilitating financial and legal transaction procedures, which encourages investment in industrial real estate.
UAE government strategies for developing industrial real estate
The UAE government has developed an important strategy to support the development of industrial real estate, which is as follows:
- Supporting real estate developers: The UAE government provides many facilities and advantages to real estate developers to encourage them to invest in new projects.
- Diversity of real estate projects: The government in the Emirates encourages the diversity of industrial real estate projects in the areas designated for them.
- Employing modern construction technologies: The government supports the widest use of effective and smart construction technologies in line with the modern industrial and technological revolution.
- Providing an attractive investment environment: Providing government tax and customs incentives to investors in the real estate sector.
- Facilitating real estate ownership procedures: The government seeks to simplify real estate ownership procedures and make them easier and more convenient.
- Protecting investors’ rights: The government issues continuous laws within the framework of protecting investors in the real estate sector.
- Capital development: The government encourages capital development to access more industrial real estate projects.
- Diversity of real estate investment programs: The UAE government encourages the diversity of real estate investment products for various investors.
Industrial real estate investments in the UAE
The best industrial real estate investments in the UAE are:
- Factories
- Storage warehouses
- Galleries
- Shops
- Labor accommodations
- Offices
Benefits of investing in industrial real estate in the UAE
Investing in industrial real estate brings many of the following benefits and features:
- Obtaining stable and permanent investment returns in the long term.
- Contributing to achieving a stable cash flow for the investor, which offsets the costs of its establishment and fame.
- The increase in demand for industrial real estate in the UAE during the recent period will contribute to an increase in its price value.
- Industrial real estate in the UAE offers a variety of investment opportunities for different investors, in terms of size, location, and type, including small investments in warehouses, large distribution centers, or specialized industrial units.
- Government facilities related to the tax exemption for foreign investors in the Emirates.
- It also provides government facilities for obtaining entry and residence visas for investors and workers as well.
- Investing in industrial real estate in the Emirates achieves many gains in terms of the country’s vital location and its great reputation for global leadership in industry and trade.
- Investing in a stable investment environment, as the UAE is characterized by protected laws and regulations to protect investors’ rights. This encourages it to attract more investments in the real estate sector and contributes to increasing the demand for industrial real estate.
How to buy industrial real estate in Sharjah
Learn with us the steps for purchasing industrial real estate in Sharjah by following the following:
- Determine the type of industrial property you wish to purchase, whether a warehouse, office, or industrial unit.
- determine the space you need for the property and the location that is most suitable for you.
- make sure of your budget for the purchase.
- Start searching for your application to buy a property in Sharjah through real estate offices or online.
- You can rely on Properties Portal website to find the best industrial real estate offers in Sharjah.
- After finding a suitable property, it is important to evaluate it carefully, through a reliable real estate broker.
- After evaluating the property, you must negotiate the price with the seller.
- Make sure to check property prices before you start negotiating.
- After agreeing on the price, you must complete the purchase procedures, including signing the purchase and sale contract, and registering ownership of the property with the government department specialized in this.
In conclusion, we have reached the end of our article for you, which focused on industrial real estate in the Emirates: the best investment opportunities in 2024. In which we mentioned to you the most important details about the importance of industrial real estate, its benefits, and the government’s strategies to revitalize the industrial real estate sector in the Emirates, which is expected to witness further development in the coming years.
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