Dubai’s commercial real estate market has positive prospects for 2024, supported by strong economic factors, sectoral diversification, and advanced infrastructure. Dubai also provides an ideal environment for companies and individuals looking for new opportunities and growth for their businesses and real estate and commercial projects.
- Dubai is a leading global business and trade center, stimulating continued strong demand for commercial real estate. While the global landscape suffers from some economic challenges, Dubai’s real estate market continues to enjoy remarkable resilience and strength.
With the diversity of commercial real estate in Dubai, including offices, stores, lands, and commercial warehouses, many clients are searching for ways to evaluate commercial real estate and how to buy or sell it in Dubai. Therefore, based on that, we will present to you, through this article, everything related to commercial real estate in Dubai, including buying, selling, displaying, and evaluating it, for everyone interested.
The role of commercial real estate in Dubai in economic development
Commercial real estate in Dubai plays an important and vital role in developing the emirate’s economy, through:
- Dubai provides an attractive investment environment for international companies through its advanced infrastructure, encouraging laws, and relatively low operating costs.
- Commercial real estate, such as offices and commercial spaces, is key to attracting foreign investment, as it provides companies with the space and facilities needed to conduct their business.
- Stimulating the flow of foreign investment to help diversify the economy in Dubai, create new job opportunities, and increase the gross domestic product.
- Supporting the growth of economic sectors such as tourism and trade.
- Providing offices for financial institutions such as banks and insurance companies, especially since Dubai is an important center for financial services.
- Warehouses and distribution centers support transportation and logistics, which contributes to supporting e-commerce and business operations in Dubai.
- Providing various job opportunities in the fields of building and construction work, as well as jobs for real estate brokers for selling and renting commercial real estate.
- Enhancing Dubai’s infrastructure by developing the entire real estate area to access modern commercial properties.
Investing in commercial real estate in Dubai 2024
Investing in commercial real estate in Dubai is a successful option for several reasons, including:
- Growth of the real estate market in Dubai: The commercial real estate market in Dubai is characterized by continuous growth.
- Strong Demand: Demand for commercial real estate by local and international companies is increasing, thanks to the booming and diversifying economy.
- New Projects: Many new commercial real estate projects are being developed, including offices, shopping malls, and storage warehouses.
- International events: Dubai’s hosting of international events such as Expo contributes to increasing demand for commercial real estate.
- Rental returns: Commercial real estate in Dubai offers attractive rental returns, usually ranging between 5% and 9% per annum.
- Growth potential: The potential for long-term capital growth is high, especially in prosperous areas.
- Political stability: Dubai enjoys political and economic stability, making it a safe destination for investment.
Methods of evaluating commercial stores and determining the commercial value of the property
Evaluating shops and determining the commercial value of real estate in Dubai depends on several methodologies that take into account various factors affecting the value of the property, which are as follows:
Valuation of commercial real estate by cost
This method is used to determine the minimum value of a property by estimating the cost of replacing a similar building with the same specifications and location.
Evaluation steps include:
- Analysis of construction costs for materials and labor.
- Add the value of the land on which the property was built.
- Deducting the value of depreciation due to age and wear.
Valuation of commercial real estate by comparison
This method compares the selling price of similar properties in the same area during the recent period. The accuracy of this method also depends on the availability of sufficient data on comparative sales, taking into account differences in real estate characteristics such as area, location, and condition.
Valuation of commercial real estate by income
This method is used to value a property based on its ability to generate future income. The following factors are also analyzed:
- Net operating income of the property (after deducting all expenses).
- The rate of return on investment (ROI) desired by the investor.
- Risks associated with investment.
Valuation of commercial real estate by using multiple factors
This method focuses on a statistical model that takes into account a group of factors affecting the value of the property, such as:
- Site
- Space
- Status
- Property type.
- Available facilities.
- Accessibility
- Ease of renting.
- Local economic factors.
Commercial real estate for sale in Dubai
Commercial property prices for sale in Dubai vary widely depending on the property type, location, and condition. In general, Dubai property prices are relatively high but still provide attractive rental returns for investors. We have selected for you a group of offers for selling commercial real estate in Dubai as follows:
- Offer Description: Commercial building for sale in Dubai Business Bay.
- Property location: Business Bay Dubai – Dubai City – United Arab Emirates.
- Property area: 37,605 square feet.
- Property type: Commercial building consisting of 118 offices.
- Property status: Available for sale.
For details of the offer, you can follow the link here.
- Offer Description: Warehouse for sale in Dubai – Ras Al Khor.
- Property location: Ras Al Khor – Dubai City – UAE.
- Property area: 10,000 square feet.
- Property type: ready warehouse.
- Property status: Designated for sale.
- You can view more information about the property here.
Commercial lands for sale in Dubai
The demand for commercial land for sale in Dubai is increasing due to developers who want to build new commercial projects. Here are the most prominent commercial land offers available for sale:
- Offer Description: Ready-to-build land for sale in Dubai directly from the owner.
- Property location: Al Jaddaf – Dubai – UAE.
- Land area: 32,809 square feet.
- Property type: commercial land.
- Property status: Available for sale directly from the owner.
For more details about the offer, follow the link here.
For Sale Land in Dubai | Jaddaf area | direct with the owner
- Offer Description: For investment, a distinctive land in Dubai.
- Land location: Al Muraqqabat area – Dubai – UAE.
- Land area: 22,000 square feet.
- Property type: Commercial land for sale and investment directly from the owner.
- Property status: Available for sale.
Details of the sale offer can be found here.
How to display commercial real estate for sale on Properties Portal website
You can display commercial real estate for sale on Properties Portal website by the following steps:
- Visit Properties Portal website online.
- Contact site management or customer service.
- Choose the property type “commercial”.
- Enter the address and make sure to write the property address accurately and clearly.
- Also, enter the total area of the property (in square meters).
- Determine the number of rooms in the property, including offices and bathrooms.
- Enter the asking price for the property.
- Write a detailed description of the property, highlighting its unique features.
- Add high-quality photos of the property, showing all the property’s features inside and out.
- Determine what amenities are available at the property, such as parking, air conditioning, and security.
- Specify the condition of the property (new or used).
- Properties Portal website will publish your ad after ensuring that it complies with all the site’s standards.
Here we come to the conclusion of our article, through which we learned about the development of the commercial real estate market in Dubai for the year 2024. We have also attached the most important details about the role of commercial real estate in supporting the economy, how to evaluate it, and the most prominent sales offers available on the real estate website so that you can review them when you want to buy and invest in commercial real estate in Dubai.
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