Dubai's population explosion has resulted in large numbers of
investors from the world over buying residential property in the
Emirate. The Dubai population was one million in 2001, is shortly
projected to hit two million and at current population growth rates it
is expected to exceed four million by 2010 the vast majority of which
will be made up by expatriates. Since non-UAE nationals were awarded
the ability to own property in 2002, there has been much publicity and
interest in buying residential property. What may have escaped many
local businesses and foreign investors was that this government decree
also allowed the ownership of commercial property.
With
huge numbers of businesses registering in Dubai and its freezones
everyday, the need for commercial space has become great. Whether it is
offices, showrooms, warehouses or any type of commercial property it
rarely stays on the market for any great length of time.
Whether
you are looking to buy or rent your commercial property in Dubai, Dubai
Luxury Homes maintains a database of properties available. Our
professional staff have access to up-to-the-minute information on
available Dubai properties, and excellent local knowledge of the Dubai
property market. This makes us ideally placed to help your search
whether this is for your own business use or investment properties.
Our
website provides you with access to extensive lists of Dubai properties
for sale on the secondary market and property available to rent. In
addition you can browse through details on some of the more recent
developments, where opportunities may still be available to purchase a
property off-plan.
Commercial Property Dubai
The focus was on residential property however recently the attention of investors is starting to shift toward commercial property in Dubai.
When looking at the current situation with commercial property, Dubai
has a real shortage which recent reports suggest is likely to continue
for the next few years. With new businesses continue to set up,
multinationals locating considerable operations and existing businesses
expanding rapidly the demand for office space and retail space has
pushed up rental costs. New projects such as Business Bay and the Dubai
International Financial Centre (DIFC) are bringing in increased supply
to the commercial property in Dubai. Business are considering the option of buying their own commercial property. Dubai’s
double digit rental returns on commercial property are keeping the
commercial property team at Dubai Luxury Homes busy with finding
offices and retail space to buy and rent.
