How to Choose the Best Commercial Building for Sale in Dubai

The latest research shows that the real estate industry of the United Arab Emirates is constantly growing. In contrast, the commercial property market will be one hundred and fifteen trillion dollars. Therefore, this is the right moment to invest in Dubai’s commercial real estate and gain maximum profits. Many commercial buildings in the emirate are available for sale or rent, and the whole city is covered with such buildings. However, time and effort are necessary to choose an excellent commercial building for sale in Dubai. Are you wondering how to choose a suitable commercial building for sale in Dubai? Look no further than this guide! This guide will explore all the factors you must consider when choosing the best Dubai buildings.  Factors to Consider When Choosing a Commercial Building in Dubai Look at the below-listed factors: Understanding the Dubai Real Estate Market Dubai’s diverse commercial real estate landscape demands careful consideration. Options abound for warehouses, retail spaces, offices, and industrial sites. Yet market forces shape this dynamic arena. Government policies, global shifts, and economic tides all play their part. Savvy investors must navigate these currents wisely. Understanding local nuances proves essential. Only then can one truly grasp the intricacies of Dubai’s property scene. Thorough research empowers informed decisions in this ever-evolving market. Understanding Your Business Needs Your business needs and goals define selecting the right commercial building for sale in Dubai. Your business type will determine the type of commercial property best suited for your operations and space requirements. Your precise needs will help narrow down possibilities, and the right property will fit in with your business objectives. Location Is Important The location would be the most critical factor in selecting a commercial building for sale in Dubai because the city is divided into several districts, each with its merits and unique features. Following are some key locations to consider: Business Bay: Business Bay is a quickly developing business district adjacent to Downtown Dubai. It has a combination of commercial and residential properties. This area is ideal for corporate offices as it offers excellent connectivity and modern infrastructure.  Downtown Dubai: The Downtown Dubai area is pretty much famous and accessible. It is also quite famous for its attractions, such as the Dubai Mall and the Burj Khalifa. It is ideal for businesses that want the best possible address and easy access to a very busy business hub. Jebel Ali Free Zone (JAFZA): JAFZA is a highly planned location for industrial and logistics businesses. It has easy access to various shipping routes and transport networks. Among the many benefits it offers are complete foreign ownership and tax exemptions. Financial and Budgetary Considerations Budget and financial planning are very important when choosing a commercial building for sale in Dubai, especially during selection. The first and most important step is to set up a clear budget. That means setting how much you can afford, including the initial buy or rental price and the ongoing costs associated with owning or renting property. You should perform extensive financial calculations to ensure the real estate fits within the budget and supports accomplishing your financial goals. Compliance with Laws and Regulations Selecting a commercial building for sale in Dubai requires careful consideration of laws and regulations. This ensures your investment is safe and legal. Dubai’s real estate market has a complex legal system. It aims to protect investors, maintain order, and promote sustainable growth. Thus, you must know these rules to prevent legal problems and guarantee a seamless transaction process. Knowing the local laws governing property ownership and leasing is one of the first steps in this procedure.  Facilities and Infrastructure The budget and finances are among the prime considerations when selecting a commercial building for sale in Dubai. The most important initial step is to set a clear budget. That is, determine how much you can afford to pay, basing it on the upfront costs of acquiring or renting the property and then ongoing operating costs associated with ownership or tenancy. You must perform a complete financial study to ensure the property is within your budget and supports your financial objectives. Getting Expert Help Getting professional help while finding a commercial building for sale in Dubai is very important. The reasons are that the complexity and nuances of this industry can be overwhelming. It really depends on how highly you value getting experts who can help you make good decisions. Many real estate agents, legal advisors, and property consultants can guide you to appropriate knowledge and expertise that can lead you to identify properties that fit your business objectives. Benefits of Investing in Commercial Buildings in Dubai Investment increases  The United Arab Emirates is one of the fastest-growing economies in the world. Therefore, investing in real estate in Dubai is highly profitable. Any building purchased in the early phases significantly increases in price once the construction is completed. Because of this, even if an investor decides to sell the apartment before the house’s development is finished, they can still expect to gain a profit. The area, characteristics of the residential complex, and other factors directly affect the cost of housing. Affordable Prices Saving your budget significantly is one of the most essential advantages of buying a building in Dubai. Property is available for purchase at project stage pricing, which is significantly less than those of completed homes. As a result, it is a profitable investment. You can select an apartment or villa from various options, even on a tight budget. New buildings appear common in Dubai. Therefore, developers are starting to finish the payment and price schemes. For instance, you may pay for half of the cost of the house before it is finished being built and the remaining amount when it is delivered. Other payment options may also be considered based on your preferences.  Final Thoughts Choosing the best commercial building for sale in Dubai is a pretty complex decision, and behind this complexity lie many reasons that may drive your choice. Understanding the

How to open a case against a developer

Dubai real estate market is known internationally for being one of the most transparent and safe markets in the world. However, investors have to be ready and to know their rights in case they come across any disputes with regards to their properties and this can happen even with big reputable developers. So here are the steps: Attempt to resolve the issue directly with the developer through formal communication – email the concern from the officially registered email address. Second step will be to send a legal notarized claim to the developer. Can be done through Notary public yourself or through a lawyer (in the second case the lawyer will need to get a POA – Power of Attorney – to able to represent your rights). The developer must answer the claim within 48 hrs. If not reply is given or no resolution is achieved file a complaint with RERA through Dubai Rest app. Court – If mediation fails, file a case with the Dubai Courts. Seek legal advice from a lawyer specializing in real estate law for guidance.   TIPS to keep and mind before getting involved into a property sale-purchase contract with a developer: Check the jurisdiction mentioned the SPA (sales-purchase agreement) – Dubai court or Arbitrage. In case of the last one the process will be much more expensive and will last much longer period Though sales-purchase contract might take more than hundred pages, it is recommended to take time and go through all the clauses. You will not be able to make the developer change any but at least you would know what to expect and be prepared in advance.

Why you should work only with RERA certified real estate agents in Dubai

Post-pandemic real estate market in the UAE has been experiencing  a real boom. The number of only registered real estate brokers reached nearly 12,000 in Aug 2023 according to the Dubai Land Department, which shows 34% increase in comparison with 2021. Most of these new born brokers have little to no experience in Real Estate in Dubai, very poor knowledge about the city, history of market cycles and prices in different areas of Dubai where they sell properties to their clients. But the bigger problem is that there are so called “freelance” agents who are not even employed with any real estate company and are not licensed by RERA but they use their network and successfully close the deals.      

RAK’s priciest properties, valued at AED 180 million, have been unveiled at Oceano

UAE-based developer The Luxe Developers has unveiled The Celeste and The Stellar, two ultra-luxury residences within the Oceano project on Al Marjan Island. Each property is valued at over $24.5 million (AED 90 million). The Oceano development is scheduled for completion in Q3 2026. The Celeste Residence occupies over 22,000 square feet across the top two floors and includes seven bedrooms, multiple living areas with sunken seating, and a spacious kitchen. The Stellar Residence features six bedrooms and spans 21,000 square feet over two levels, offering similar luxurious features. Both residences are equipped with smart home system. Both units offer open beach and sea views across Al Marjan Island from a spacious 4,504-square-foot terrace featuring an infinity pool. They are just two minutes away from the Wynn resort and include access to their own private beach. The interiors, crafted by Hirsch Bedner Associates, showcase luxurious finishes and amenities. Copper skirting boards, marble surfaces throughout, and sleek built-in alcoves adorn the walls.

Developer Binghatti Acquires Advanced Steel Manufacturing Facility in Dubai

Dubai-based developer Binghatti has announced the acquisition of a state-of-the-art steel manufacturing facility in Dubai. This new addition marks a significant milestone in Binghatti’s commitment to innovation and excellence in the real estate sector. The facility, equipped with advanced technology, will serve as the main hub for Binghatti’s skilled team of designers, architects, and manufacturing experts, who will use it to transform groundbreaking architectural designs into high-quality hyper-towers. Key architectural elements, such as the iconic crowns of Binghatti’s latest mega projects, including Burj Binghatti Jacob & Co Residences and Mercedes Benz Places | Binghatti, will be produced here. This strategic acquisition aligns with Binghatti’s streamlined supply chain and development process. Through its vertically integrated business model, Binghatti ensures maximum efficiency and control over every aspect of property development, from concept to completion. The new steel facility will work in conjunction with Binghatti’s existing in-house manufacturing facilities for joinery, aluminum, and glass, all under the guidance of its dedicated team of engineers, interior designers, and architects. This acquisition further empowers Binghatti to focus on quality and lean development, reinforcing its vision of excellence in real estate.   Binghatti secured this investment using its self-sustained cash flow, highlighting the company’s robust financial health. This strategic move further solidifies Binghatti’s status as a leading player in the industry and reinforces its commitment to exceptional quality and continuous improvement. With this latest development, Binghatti is poised to keep delivering groundbreaking architectural masterpieces that redefine the skyline of Dubai and beyond.

How to connect your utilities in Dubai

So you are a happy owner of a property in Dubai. The first thing you will be required to do upon receiving your Title deed is to connect the utilities. If you’re a UAE resident and hold an Emirates ID that will not create any issue. Connection can be done online through the DEWA or Empower portal. If your building is served by another chiller company you will receive the detailed instruction about the connection process. You will be required to pay the connection fee and refundable security deposit online. However, if you’re not a UAE resident and do not have a local bank account, you will not be able to connect the utilities yourself as local utility providers only work with UAE issued bank cards. So connection can be done through a broker that helped you to buy a property in UAE or through a holiday homes company if you will be renting out your property short-term. Ok, that’s been done How do I pay my bills? While your home is vacant, you can put your DEWA connection on hold (using the option “away mode”), however it’s not recommended keeping your air conditioner off for a long time as it may cause mold formation and other problems even if your property is away enough from the sea. So how can you pay your utilities? International cards do not work directly with Utility payment systems here in the UAE. Therefore you can upload funds to Noqoody wallet – a digital solution for online payments in the UAE. You can access it directly through the portal or throw Dubai Now application.    

How to sell your property in Dubai and not lose the money

I decided to share the recent case that happened to one of my old clients of mine, who decided to sell his 1 bedroom apartment that is still under construction, because it will prevent you from doing very serious mistakes and let My client messaged me saying that he was selling his property through an agent in Dubai, being outside of the country. The broker received the check from the buyer and now he stopped getting in touch…. Here is the story. As the client was outside of the country, he decided to give a POA (Power of Attorney) to a broker. The transfer was made, the buyer’s check had been handed over to the broker.  When the broker deposited the check to his account, the bank freezed it, so he couldn’t transfer the money to the seller.  After some time the broker stopped replying the seller’s messages and picking up his calls.  Luckily, the story ended up well and the seller finally received the money. But there are many other examples when the outcome wasn’t that optimistic.  Mistakes that this case illustrates The broker shouldn’t represent the buyer or the seller (be a POA) and be a broker in the same deal. This obviously creates a conflict of interests and is agaisnt the law.   The check should never be issued to the broker’s name. The reason is stated above. The check should only be issued to the seller’s name, however, in case when the seller is a non-resident and has no bank account in UAE, the 3-rd party (for example, legal firm) can represent the seller and in that case the check can be issued under the name of that firm and then the firm transfers the money to the seller’s bank account that is in his home country.    The buyer should never  transfer the money to the Real Estate account or broker’s personal account or even to the seller before the transfer. Managers checks are the safest way to make a transparent and legal real estate transaction. 

Dubai’s most affordable areas to rent a house

The Dubai real estate sector has seen staggering growth in 2022. High investor demand and increased rental occupants have led to an increase in property prices in the city. Not only the sale prices went up, but rental prices also have shown a steady increase in almost all areas of Dubai.  Bellow are the most affordable areas to live in Dubai when you’re a tenant. Jumeirah Village Circle This area remains one of the popular and the most affordable areas in Dubai to rent and apartment or a townhouse.  There is plenty of competitive supply, still many plots are under development or empty, therefore the prices remain quite affordable.  You can rent a studio apartment here starting from 27,000 AED a year. Prices for townhouses start from 155,000 AED a year with several checks.  Town Square Nshama Family oriented master-community with all the required infrustructure for a comfortable life. Here you can find one of the most affordable townhouses starting from 150,000 AED a year as well as studio apartment starting from 26,000 AED a year. Dubai Sport City Dubai Sport city is another affordable area, located near JVC. You can find many competitive apartments and cosy family homes. Prices to rent a studio apartment starts from 25,000 AED a year, when a townhouse will cost you minumum 125,000 AED a year.  Dubai Investment Park DIP features mostly apartments. Though the area is not that large and hosts not many buildings, rental prices there remain one of the most affordable in the city.  You can rent a studio apartment starting from 22,000 AED a year with multiple checks. 
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