Dubai is fast becoming the social and economic hub of the Middle East. The booming economy, couple with the rise in immigration has made Dubai the focal point of regional business activity. The rise in business and commercial activity has made investors take note of Dubai Commercial property. Indeed investors have started to shift their focus from residential projects to more commercial offerings in the city. However unlike the residential property market, the commercial property market in Dubai is still relatively small. In fact, Dubai has a real shortage of commercial property options. The ever increasing demand for office and retail space has increased buying and rental costs, and has placed increased strain on supplies.
To remedy the demand and supply curve, a number of developers have started projects exclusively focused on the commercial needs of Dubai. Projects like Jumeirah Lake Towers, Business Bay, Dubai International Financial Centre and the famous Burj Khalifa offer premier office space to businesses, while developments like Dubai Land and the Mall of Arabia are designed to house thousands of outlets for eager retailers. Indeed these projects bring state of the art buildings and facilities to the Dubai property market, and are thus helping to correct the demand and supply situation of commercial property in the city.
In short, whether you are a business owner thinking of buying or renting an office in Dubai, or an investor looking to invest in commercial assets in the city, this is the best time to invest in Dubai commercial property.