Commercial property investment in Dubai is particularly attractive due to its dynamic economy and strategic location. In this article, we will explore some of the best areas in Dubai for investing in commercial property with a focus on high Return on Investment (ROI). The key areas we'll delve into are Business Bay, Jumeirah Lake Towers (JLT), Al Barsha and Jebel Ali which provide an average yield of 8-10%.
# 1 Business Bay
Business Bay stands as one of Dubai's premier business districts, strategically located between old and new Dubai. It is a rapidly developing area, featuring an impressive skyline of modern office towers and commercial spaces. Here are some benefits of investing in commercial property in Business Bay:
a. Strategic Location: Situated near Dubai's main business hub, Business Bay offers easy access to Sheikh Zayed Road and is in close proximity to Downtown Dubai.
b. Infrastructure and Amenities: Business Bay boasts world-class infrastructure, including state-of-the-art office facilities, hotels, and retail spaces. The area is designed to provide a seamless blend of work and leisure.
c. High Demand: With a growing demand for office spaces and commercial establishments, Business Bay presents a lucrative opportunity for investors seeking high returns.
The mean cost per square foot for available office spaces in Business Bay stands at AED 961.60, with an average overall price of AED 1.28 million.
#2 Jebel Ali
Jebel Ali, located in the southwestern part of Dubai, is a key industrial and commercial hub. Known for its extensive port facilities and industrial zones, Jebel Ali offers unique advantages for commercial property investors:
a. Strategic Industrial Zone: Jebel Ali is home to one of the largest industrial zones in the region, making it an ideal location for businesses involved in manufacturing, logistics and trade.
b. Proximity to Port: The Jebel Ali Port is one of the busiest ports in the Middle East, providing businesses with unparalleled access to international trade routes.
c. Logistical Advantage: Investors looking for commercial properties with a focus on logistics and industrial activities will find Jebel Ali to be a strategic choice, given its logistical advantages and connectivity.
The cost per square foot for warehouses available for sale in Jebel Ali is AED 177.71, with an average total price amounting to AED 10 million.
#3 JLT
JLT is a popular waterfront community known for its impressive cluster of high-rise towers and man-made lakes. This area has gained prominence as a hub for commercial and residential developments. Here's why investing in commercial property in JLT is a smart move:
a. Free Zone Benefits: JLT is a free zone, offering businesses tax exemptions, 100% foreign ownership, and hassle-free company setup procedures, making it an attractive destination for international companies.
b. Scenic Environment: The picturesque lakes and landscaped surroundings make JLT an appealing location for businesses, creating a positive work environment that can attract tenants and clients.
c. Proximity to Key Areas: JLT is well-connected to major business and leisure hubs in Dubai, enhancing its appeal for businesses and ensuring a steady stream of potential clients.
The cost per square foot for offices available for sale in Jumeirah Lake Towers is AED 802.30, with an average sales price of AED 1 million for these properties.
#4 Al Barsha
Al Barsha is a well-established residential and commercial community known for its diverse offerings and central location. Here are some reasons why Al Barsha is an attractive investment destination for commercial property:
a. Mixed-Use Development: Al Barsha features a mix of commercial and residential developments, providing a vibrant and dynamic atmosphere that attracts businesses and residents alike.
b. Connectivity: With easy access to Sheikh Zayed Road and the Dubai Metro, Al Barsha ensures excellent connectivity, making it convenient for businesses to operate and for employees to commute.
c. Retail and Entertainment: The presence of popular shopping malls and entertainment options in Al Barsha contributes to a thriving commercial environment, attracting a steady flow of foot traffic.
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