The recent financial recession that struck the world has had no or a very low impact on the Dubai property market, especially in its commercial real estate sector. This is also true in other emirates such as Sharjah, Abu Dhabi, and Ajman.
With the UAE’s steady growth in economy, the demand for commercial real estate in Dubai is constantly increasing. Among the types of commercial properties that can be found in the region include offices, labour and warehouses, commercial plots, shops, shopping centres, hospitals, and clinics.
Dubai’s population is rapidly growing, making it a melting pot of different cultures and nationalities that live together in harmony. In fact, in the last couple of years, there has been a strong demand for labour houses due to the continuous arrival of a large group of labourers in the city.
The increase in population has also paved the way for lucrative consumerism. Businesses are flourishing and due to the increase in production rate, there is a high demand for warehouses in the region. This is one of the major reasons as to why warehouses are now the major industrial segment of the commercial real estate sector in Dubai and other parts of the world.
Dubai commercial offices are also on a high demand, from high-rise buildings to suburban office malls. Available for rent and sale, these offices range from big to small and from basic to luxurious commercial properties. Among the factors that determine the value of an office space in the region include location, economics, demographics, and traffic flow.
Dubai’s commercial market is anticipated to remain strong and stable in the coming years. Buying, selling, and renting of all types of commercial properties is also seen to become more profitable than ever before.