Dubai is facing one of the highest booms in economic sector as well as GDP growth. Dubai is now considered one of the best free zones all around the world. This is the main reason for the increase in the demand for commercial property in Dubai. Dubai is now the main attraction for the MNC’s to operate the new headquarters with all facilities in one place. This area has the best location as well as facilities along with easy reach to different parts of the world. |
Geographical importance of Dubai properties:
Dubai has the best geographical presence in all of the free zones of the UAE as well as other parts of the world. It not only most suitable and convenient approach for Gulf and European countries it is also the main trading marketing for subcontinent countries like India and Pakistan. There is a remarkable increase in the demands of commercial properties in Dubai from European investors as well as other subcontinent investors. The main reason of high demand can be seen in the snap shot of sky skipper commercial buildings in Dubai. Jameireh Lake towers and Business Bay city are also attracting the foreign investors. Mall of Arabia and Dubai land are two mega commercial projects in Dubai.
Commercial property in Dubai with increasing demand:
In recent years, Dubai population doubled as compare to the population of Dubai one decade ago. Many companies are coming with their financial base as well as the human base in Dubai. There is high demand of jobs and all kinds of skilled and unskilled workers. This is creating the healthy atmosphere for the growth of businesses and providing the economies of scale as well. This is the reason many companies are shifting their head offices in Dubai because it has the easiest reach to all parts of the world as well. According to a recent survey from the Dubai authorities there is a 5 percent increase in the first quarter of this year in commercial properties demands and job market has remarkable growth with a 30 percent increase.
Commercial property in Dubai attraction for big giants:
Many big companies are considering Dubai as most favorable land to open their operations and control the business operation in different regions. In 2012, Standard chartered bank which is now 3rd worlds’ largest bank established their own tower in Dubai to control their business operations. This place is around 40 percent expensive as compared to other Emirates of UAE. Standard chartered made their decision to open their new head office in Dubai in 2002 and they started working in 2008. There can be a remarkable property investment can be seen in the commercial sector of Dubai in last 20 years around 64 million square feet of commercial spaces in Dubai were held by MNC’s owners. This is showing the interest of foreign investors in the commercial properties in Dubai. Dubai Every big brand has now its outlets or regional office in Dubai to control operations in the Gulf region as well as in the sub-continent region.
About The Author:
Mohammad Al Hashim is a creative writer and loves to write on new developments in the real estate & finance market especially in the UAE. He has an affiliation with Mena Properties, a well-known name in real estate business providing the best investment opportunities & reliable estate agents in the property market across the region.
Related Articles -
commercial property, estate agents, investment opportunities,