Emerging Trends in Dubai Property Market

Dubai real estate is witnessing a number of changes in the commercial sector.

One of the emerging trends in the commercial property market is the conversion of warehouse space to office premises. Companies that require large open plan spaces, such as advertising or marketing companies have been seen to lease warehouse space and easily transform it into efficient office space. This provides a cost effective solution for businesses that need to be near the business centre but may not wish to pay the premium rates of prime location office space. Warehouse rental rates suitable for office conversions fluctuate between 40-65AED per sq. ft (warehouse space rent exclusively used for storage purposes averages 28-35AED per sq. ft), whereas rents in the Central Business District (CBD) may be 225-250AED per sq. ft.

The property market in Dubai is tight and therefore the concept of Split Offices has come into being. Many professional services firms, faced with the prospect of particularly high rents in prime locations tend to lease a small space suitable for client meetings in the Central Business District so as to boast an address on a prestigious location such as e.g. Sheikh Zayed Road, and move their operations to a secondary location where rents may be more affordable e.g. Garhoud, thus effectively saving on huge overheads.

Thus, supply of the real estate market in Dubai is shaping up to meet the property demand.

Article Source: http://www.moneyarticlelibrary.com

Better Homes has been extensively involved in the leasing of large commercial projects in UAE over the past few years and now shares this knowledge and market information through the quarterly Commercial Review. Visit www.bhomes.com for buying, selling, renting, investing, managing and short-term renting your Dubai property.

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated

Click the XML Icon Above to Receive - Rental Properties Articles Via RSS!

Additional Articles From - Home | Real Estate | - Rental Properties

• Selling Rental Property: Why Real Estate Agents Should Jump In - By : jrk
  
• Landlords can save money using Tamper Proof Thermostats - By : Karin Kennemssfs
  
• Top 3 Mistakes Made in a Rental Property Analysis that You Must Avoid - By : jrk
  
• Buy To Let – A Change For The Better - By : Adrian Taylor
  
• New Rules For Buy To Let Landlords - By : Michael Challiner
  
• Buy To Let - The Pitfalls - By : Joseph Kenny
  
• What You Need To Know In Furnishing Residential Rental Investment Property - By : Joel Teo
  

Related Articles:

• Why Sales Training Can Benefit ALL of Your Sales Team
• The Best Way To Spend Money On Home Improvements.
• Monaco Grand Prix
• Property Investment In Turkey – Bargains to be Had
• Create Residual Wealth Through Network Marketing
• Property And Casualty Insurance Trends
• Buffalo Grove: Pride Of Northwest Illinois
• The Best Way To Spend Money On Home Improvements.
• Increase The Value Of Your Home – Cosmetic Changes
• Monaco Grand Prix May 28