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The UAE has become an investor haven for many reasons: close links with Asia and Europe, a wide range of business locations with areas allocated for specific businesses and modern business infrastructure.
With a booming economy and a rising population comes the growth of diverse businesses, fuelling a higher demand for commercial real estate, which the country is all too glad to supply. The different commercial properties available in the UAE either for sale and/or rent are:
Offices – The different emirates are littered with different types of office space in varying sizes. Shell and core, fitted, serviced, executive – you name it, the country has it. For space that speaks prestige and provides amazing views, top office hotspots are the Dubai International Financial Centre, Jumeirah Lakes Towers, Dubai Marina, Downtown Dubai, Business Bay and Shaikh Zayed Road in Dubai; Al Maryah Island, Reem Island and the Corniche area in Abu Dhabi; and Al Majaz in Sharjah. Meanwhile, affordable locations in the emirate are usually found in old Dubai, while those in the capital are located in the old business district.
Warehouses – These provide storage solutions for any business, with some boasting an attached office. These are generally available in industrial districts such as Al Quoz and Al Qusais in Dubai and Mussafah in Abu Dhabi, and in majority of free zones across the country.
Land – Commercial and industrial plots in techno parks and industrial areas are usually offered for manufacturing and industrial purposes, and are oftentimes available on long-term lease.
Staff accommodations – These are usually situated in industrial areas or at the fringes of the city, with most featuring modern comforts and conveniences like sports and fitness facilities, and retail stores.
Retail areas – The country’s retail landscape is in the boom stage, with malls, modern souks and outdoor lifestyle hubs mushrooming across the emirates. This gives local and international retail players several options where to set up shop.
* Office space available includes shell and core, fitted, serviced
* UAE warehouse locations are Mussafah, Al Quoz, among others
* Mushrooming of malls gives retailers more options to set up shop
Source: Ellen Joyce Soriano, Special to Properties
The writer is a freelancer