While the UAE’s capital, Abu Dhabi, is a thriving economic destination in the Middle East, in recent times, business development opportunities in Abu Dhabi have escalated. Due to this, the demand for office space is increasing in Abu Dhabi. Foreign investors and locals can own or rent office space in Abu Dhabi. Owning an office space in Abu Dhabi may be more convenient if you have several businesses. However, most business owners find finding a new office space extremely challenging. Selecting the right type of office space is crucial to the success of any business. Even though defining the perfect office space is highly subjective, some universal elements must be considered. This article will highlight some essential factors when choosing an office space in Abu Dhabi.
The right location
The ideal location is vital for any business to excel as it will benefit the business the most. First and foremost, the area should be easily accessible to employees. A convenient location for you and your employees will lead to high efficiency in operations and management. Moreover, it is important to find a location that provides good parking space and transportation links for the employees and clients of the company. Secondly, ensure that your clients can easily reach your location. Business owners should thoroughly carry out the cost-benefit analysis of price versus location as it is significant. Depending on the nature of your business, consider an office space in a busy area like Hamdan Street or a quiet suburb like Mohamed Bin Zayed City. The location should be the base of your decision-making when looking for an office space.
Pay attention to the monetary aspect
As a business owner, you must be confident that you will be able to reap the rewards of the office space before investing in it. It is important to take into account your budget when you are looking for office space. Pay attention to the vital details like the security deposit amount and other costs like maintenance/service charges. The deposit is 5% of the total annual rental cost in most scenarios. This is a refundable amount once the contract ceases. In addition to that, all utilities are payable to the Abu Dhabi Distribution Company. One also must consider the possibility of the property’s rise in cost and rent. Consulting with a real estate agent is ideal as they can identify market trends and provide accurate information.
Appropriate compliance with laws
Legal formalities are crucial as meticulous inspections ensure everything is in order. You will require a business license to have an office space in Abu Dhabi. It is, therefore, important to have the paperwork ready before renting or buying a commercial property. It is imperative to look at the type of license required for the location you choose to have your office space in. Business owners should note that tenants and owners are liable for tax registration. Five per cent of the property value is imposed as value-added tax. Furthermore, health and safety standards must be considered when choosing an office space.
Amenities in the surrounding area
Local amenities like restaurants, coffee shops, ATMs, and transportation links are important amenities that employees value. Therefore, having an office space with surrounding amenities is beneficial. Amenities within the property include adequate space, a kitchen, a good internet connection, a prayer room, cleaning services, security services, and furniture. If you are interested in renting an office space, you must ensure that additional services are included in the rental price.
Good infrastructure
When picking an office space, one should always consider the possibility of business growth. When signing a lease, you are fastening your business to that space. Therefore, short and long-term goals must be considered, and the office space should be evaluated accordingly. There should be enough space for the business to expand over time. Your office space directly represents your business. Better furniture and interior finishes will impact your employees’ workplace satisfaction. Hence, the internal and external design should contain modern and fashionable materials.
Conclusion
The perfect office space is extremely beneficial to your business. It can impact productivity, efficiency, and even profits. However, what is “perfect varies” by the business. Therefore, evaluating what is significant for your business, clients, and employees is essential. Your office space can define your business model and emphasize your success. The right office space can save you your talented employees and clients. Working with an experienced real estate agent is important to find the perfect office space in Abu Dhabi.