Popular areas to buy commercial property in Dubai
Dubai’s business-friendly infrastructure and policies have made it a global hub for trade and entrepreneurial ventures. If you’re considering setting up a business in Dubai, having the knowledge of areas that offer the best portfolio of commercial properties can prove monumental to your business’ growth. To help you narrow down your choices, we have rounded up the most popular areas to buy a commercial property in Dubai! Let’s take a look.
BEST AREAS TO BUY COMMERCIAL PROPERTIES IN DUBAI
According to user searches on Bayut, Business Bay is currently the most popular area to buy commercial property in Dubai. The Jumeirah Lake Towers (JLT) community comes second, followed by International City, Jebel Ali and Al Quoz.
Area | Avg price of warehouses | Avg price per sq.ft. of warehouses |
|---|---|---|
Area Business Bay | Avg price of warehouses N/A | Avg price per sq.ft. of warehouses N/A |
Area Jumeirah Lake Towers | Avg price of warehouses N/A | Avg price per sq.ft. of warehouses N/A |
Area International City | Avg price of warehouses N/A | Avg price per sq.ft. of warehouses N/A |
Area Jebel Ali | Avg price of warehouses 10,109,000 | Avg price per sq.ft. of warehouses 177.71 |
Area Al Quoz | Avg price of warehouses 8,911,000 | Avg price per sq.ft. of warehouses 342.36 |
BUSINESS BAY
Business Bay claims the title of the most sought-after area in the city’s commercial property market. The area embodies a cosmopolitan and fast-paced vibe, making it one of the most desirable places to own said real estate. It is one of the most well-connected areas with DIFC, Al Safa, Jumeirah and Sheikh Zayed Road, only a short drive away.
Business owners who travel frequently will find this area conveniently located, a 15-minute drive away from the Dubai International Airport. Additionally, Business Bay offers investors various commercial property types for sale, including office spaces, commercial floors, bulk units, and shops.
The average price per square foot for offices for sale in Business Bay is AED 961.60, while the overall average price is AED 1.28M. Shops for sale in Business Bay are pricier at AED 1.5k per sq. ft. In terms of sales price, they average at AED 2.5M.
Jumeirah Lake Towers
Just like Business Bay, Jumeirah Lake Towers (JLT) also offers business owners a wide selection of commercial spaces for sale. The fact that the area is a free zone is the biggest contributor to why this area is so popular in the emirate’s retail property market.
Business owners benefit from the ease of working with similar businesses while also being in a popular metropolitan area in the city. This area is also self-sufficient as it is serviced by a metro station and several banks.
JLT offers a varied mix of some of the best commercial properties for sale in Dubai, including offices, commercial floors, shops and more. The availability of residential units in JLT adds to the allure of buying commercial property in this area.
At present, the price per square foot of offices for sale in Jumeirah Lake Towers is AED 802.30. The average sales price for the said properties stands at AED 1M. Additionally, you can find shops for sale in Jumeirah Lake Towers, averaging at AED 1.37k per sq. ft.— with a sales price of AED 1.82M on average.
Area | Avg price of offices | Avg price per sq. ft. of offices |
|---|---|---|
Area Business Bay | Avg price of offices 1,282,000 | Avg price per sq. ft. of offices 961.60 |
Area Jumeirah Lake Towers | Avg price of offices 1,056,000 | Avg price per sq. ft. of offices 802.30 |
Area International City | Avg price of offices N/A | Avg price per sq. ft. of offices N/A |
Area Jebel Ali | Avg price of offices N/A | Avg price per sq. ft. of offices N/A |
Area Al Quoz | Avg price of offices N/A | Avg price per sq. ft. of offices N/A |
INTERNATIONAL CITY
International City is predominantly a residential area that offers a diverse portfolio of commercial shops for businesses.
International City can be the ideal place to invest in the commercial property market if you are looking to buy a shop. It provides benefits such as easy access to the Ras Al Khor Industrial Area.
Potential buyers can expect to pay AED 794.97 per sq. ft. for the shops for sale in International City. The sales price for these properties averages at AED 445k.
JEBEL ALI
If you have a business active in trade, logistics and manufacturing, investing in the commercial properties in Jebel Ali will be your best bet. The area is one of the largest commercial ports and business hubs in the city, with a location on the southern outskirts of Dubai.
It is home to the Jebel Ali Free Zone, which houses over 7,000 companies active in various industrial and service sectors. The Jebel Ali Port is also here and is known to be the Middle East’s busiest port.
Businesses looking for warehouses near the port can find a range of commercial properties for sale in Dubai’s Jebel Ali District. Labour camps are also available in the area. Currently, the price per square foot for warehouses for sale in Jebel Ali stands at AED 177.71 per sq. ft., with an average overall cost of AED 10M.
Al Quoz
Another popular area for commercial property sales in Dubai is Al Quoz. While the area’s commercial district mainly has factories and warehouses, buyers can also find offices and shops. Additionally, Al Quoz is considered a good source for rental commercial plots.
Al Quoz is one of the largest commercial districts in Dubai. Currently, the warehouses for sale in Al Quoz are available for an average of AED 342.36 per sq. ft. and a sales price of around AED 8.9M.
Area | Avg price of shops | Avg price per sq. ft. of shops |
|---|---|---|
Area Business Bay | Avg price of shops 2,507,000 | Avg price per sq. ft. of shops 1,551.41 |
Area Jumeirah Lake Towers | Avg price of shops 1,825,000 | Avg price per sq. ft. of shops 1,377.38 |
Area International City | Avg price of shops 445,000 | Avg price per sq. ft. of shops 794.97 |
Area Jebel Ali | Avg price of shops N/A | Avg price per sq. ft. of shops N/A |
Area Al Quoz | Avg price of shops N/A | Avg price per sq. ft. of shops N/A |
Frequently Asked Questions
Where else can I buy commercial real estate in Dubai?
Apart from the mentioned areas, Dubai Investments Park (DIP), Downtown Dubai, Dubai Silicon Oasis, Deira and Dubai Marina are also popular for commercial property sales in Dubai.
Where can I rent commercial properties in Dubai?
Most of the mentioned areas are also popular for commercial property rentals. Looking at the top areas to rent commercial property in Dubai can give businesses a better idea of their options. Those doing so for the first time can check out our guide on renting commercial properties in Dubai.
What are the different types of commercial properties available in Dubai?
Those looking to start or operate businesses in the emirate are spoilt for choice when it comes to suitable workspaces. With the option to buy or rent, you can choose from offices, shops, warehouses, commercial plots and other types of commercial properties in Dubai.
I want to buy commercial property in Abu Dhabi. Where should I look?
Prospective buyers who want to purchase commercial real estate in the capital city can focus on the popular areas to buy commercial properties in Abu Dhabi.
That concludes our guide to the top areas to buy commercial property in Dubai. Before you commit, it’s best to know what you are in for. Some tips on dealing with commercial property in Dubai can be helpful in the long run.
Which of these areas would you consider investing in for commercial properties? Let us know in the comment section below.
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