Popular areas to rent commercial properties in Dubai
Over the last few years, the UAE government has announced many new laws and amendments (such as full foreign ownership of commercial companies), making the country more appealing to foreign investors. If you are a budding entrepreneur unsure where to set up your office in Dubai, you’ve come to the right place! Find the most popular areas to rent commercial properties in Dubai with MyBayut.
TOP 5 AREAS TO RENT COMMERCIAL PROPERTY IN DUBAI
Although there are plenty of areas where you can rent a commercial property in Dubai, some are more popular than others. So, if you’re looking to rent a commercial property in Dubai, Business Bay, Deira, Jumeirah Lake Towers (JLT), Bur Dubai and Dubai Investment Park (DIP) should be on your radar.
Areas | Average Price of Wareshouse (AED) | Average Price of Office (AED) | Average Price of Shop (AED) |
|---|---|---|---|
Areas Business Bay | Average Price of Wareshouse (AED) N/A | Average Price of Office (AED) 148,000 | Average Price of Shop (AED) 411,000 |
Areas Deira | Average Price of Wareshouse (AED) 263,000 | Average Price of Office (AED) 21,000 | Average Price of Shop (AED) 216,000 |
Areas Jumeirah Lake Towers (JLT) | Average Price of Wareshouse (AED) N/A | Average Price of Office (AED) 151,000 | Average Price of Shop (AED) 292,000 |
Areas Bur Dubai | Average Price of Wareshouse (AED) N/A | Average Price of Office (AED) 21,000 | Average Price of Shop (AED) 296,000 |
Areas Dubai Investment Park (DIP) | Average Price of Wareshouse (AED) 308,000 | Average Price of Office (AED) 79,000 | Average Price of Shop (AED) 173,000 |
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BUSINESS BAY
The ever-popular Business Bay is the first option among areas to rent commercial properties in Dubai. Considered one of the best areas to rent offices in Dubai, it offers the advantage of having a business in one of the most well-connected locations in the city.
Moreover, Business Bay is adjacent to Downtown Dubai, a renowned tourist and residential destination. The area is also just 20 minutes from other popular commercial hubs such as Dubai Media City, DIFC, Dubai International City and Dubai International Airport.
Home to a mix of residential properties, business owners can find rental commercial properties closer to home. The district is also serviced by its very own metro station, which further adds to the ease of accessing this commercial area in Dubai.
Business owners can pick from offices, shops and commercial floors.
- The offices for rent in Business Bay have an average per-square-foot price of AED 183.71.
- The average price per square foot for shops for rent in Business Bay is AED 236.9.
DEIRA
Home to some of the oldest traditional souks in Dubai, Deira is next on our list of popular neighbourhoods to rent commercial properties in Dubai. It is also one of the most well-connected areas in the city, as there are ample options for commute and logistics owing to its easy access to the city’s public transport.
From hotels to residential units, Deira allows business owners to be in one of the most lively commercial districts in the city.
Businesses can find a variety of rental commercial spaces in Deira that meet their requirements.
- As for pricing, the price per square foot of offices for rent in Deira is AED 85.5.
- Prospective renters can expect to pay an average of AED 154.7 per sq. ft. to rent shops in Deira.
- Furthermore, warehouses for rent in Deira cost AED 70 per sq.ft.
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JUMEIRAH LAKE TOWERS (JLT)
Jumeirah Lake Towers (JLT) has recently been getting a lot of traction from business owners. Being a free zone area, JLT offers business owners looking to rent commercial property in Dubai the opportunity to quickly interact with other businesses in the area. It comprises a mix of residential properties and offers diverse leisure options and easy access to the Dubai Metro. Hence, it is ideal for renting commercial properties in Dubai.
- The offices for rent in Jumeirah Lake Towers average at AED 133.07 per sq. ft.
- There are also many shops for rent in JLT, with rental prices averaging at AED 161.4 per sq. ft.
BUR DUBAI
Next up on our list of areas to rent commercial properties in Dubai is Bur Dubai, a bustling commercial district. It has Port Rashid towards the north, Al Jaffiliya to the west and DIFC to the south. It is home to many government offices, too.
Many businesses in Bur Dubai service development projects across the emirate, so renting a commercial property here is an excellent choice if you have business dealings in those areas.
Prospective renters have a wide choice when renting commercial property in Bur Dubai.
- The price per square foot to rent offices in Bur Dubai is AED 93.4.
- You can also consider shops for rent in Bur Dubai, which average at AED 161.2 per sq. ft.
DUBAI INVESTMENT PARK (DIP)
Dubai Investment Park is a sought-after area for commercial property rentals in Dubai. Thanks to its industrial complex and commercial district, there are plenty of options for business owners wanting to rent offices or shops in DIP. You can also find a wide range of warehouses in the area.
- You can rent shops in Dubai Investment Park, which have an average price per sq. ft. of AED 99.8.
- Warehouses for rent in DIP average at AED 45.17 per sq. ft.
- Offices for rent in DIP are available at AED 80 per sq.ft.
FAQS ABOUT POPULAR AREAS TO RENT COMMERCIAL PROPERTIES IN DUBAI
WHERE CAN I FIND AFFORDABLE COMMERCIAL PROPERTIES FOR RENT IN DUBAI?
There are some notable districts where business owners can look for affordable rental warehouses, shops and offices, aside from the one mentioned above. These include Al Quoz, Sheikh Zayed Road, International City, Al Qusais and Jumeirah.
HOW DO I RENT COMMERCIAL PROPERTIES IN DUBAI?
Renting commercial properties in Dubai requires considering the before and after-leasing phases and rental payments.
DO I NEED A LICENCE FOR MY BUSINESS IN DUBAI?
Your chosen business licence in Dubai will ultimately depend on the type of venture you plan to open in the emirate. For example, you will need a commercial business licence if your corporate pursuits are related to general trading and contracting.
Wonder how offices for rent in Dubai have performed in the first six months of 2024? As per Rent Transactions for Offices in Dubai, the total rental value of offices is AED 6.2 billion.
Here’s all about the top communities to rent commercial properties in Dubai. Besides warehouses, shops and offices, you can find commercial villas for rent in Dubai.
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