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Dubai Silicon Oasis is a highly sought-after location for businesses looking to establish themselves in one of the most prosperous cities in the world. Located in the heart of Dubai, this retail space offers a prime location for companies looking to tap into the city's rapidly growing economy.
With a range of options available, including commercial and retail spaces, this area is perfect for businesses of all sizes. Whether you're looking for a space to set up a business, such as a boutique or a flagship store, the Retail Space in Dubai Silicon Oasis has everything you need to succeed in the highly competitive retail industry.
What Types of Retail Space Are in Dubai Silicon Oasis?
Different types of retail spaces are available in Dubai Silicon Oasis, ranging from small kiosks to large shopping malls.
Kiosks are small standalone units found across many locations in Dubai Silicon Oasis. These units can range from 10 to 200 square meters and are ideal for smaller businesses that want to establish a presence in the district without investing too much capital upfront. Kiosks allow entrepreneurs to test out their products or services before committing to leasing or buying a property.
For larger businesses, indoor and outdoor retail spaces are available within shopping malls throughout Dubai Silicon Oasis. Shopping malls provide an excellent location for retailers as they offer multiple benefits such as high foot traffic, centralized parking, easy access to public transport links, and ample visibility due to their strategic placement within the cityscape. By setting up shops within these shopping malls, businesses can benefit from increased customer reach as well as additional advertisement opportunities through mall-wide promotions and events. You should also consider some of the best interior fit-out services when building your retail store in this prime location.
What Are the Sale Price Trends for Retail Space in Dubai Silicon Oasis?
When it comes to retail space for sale in Dubai Silicon Oasis, sale price trends are constantly fluctuating. As the market is relatively new and still maturing, it's important to keep an eye on these trends if you're considering investing in a retail space in the area.
These trends can be broken down into two categories – short-term and long-term. Short-term trends are influenced by external factors such as economic conditions and demand from buyers. In contrast, long-term trends are determined more by underlying market forces like population growth and infrastructure development.
In the short term, rental prices for retail spaces have been on an upward trend since around 2020. It is largely due to increased demand from buyers looking to take advantage of Dubai's growing tech industry. During this time, the average sale price for a retail space in Dubai Silicon Oasis has been around AED 1,200 per square foot (sq. ft.).
For long-term trends, there has been a steady increase in sale prices since 2021, around AED 900 sq. ft. Since then, they have risen steadily to over AED 1,400 sq. ft. today. This trend is largely driven by increased investment activity in the area and the influx of new businesses looking to capitalize on the technology boom that has taken place in recent years.
What Are the Best Business Opportunities in Dubai Silicon Oasis?
The city's technology-driven economy offers a variety of opportunities for businesses in various sectors. Companies looking to capitalize on the latest trends in technology should consider setting up operations here since many leading tech companies already have their headquarters in Dubai Silicon Oasis. Businesses that offer services related to finance, marketing, and e-commerce also stand to benefit from being located in this vibrant hub.
Retailers looking for high footfall and sales can also find great opportunities here. The retail sector has grown strongly over the last few years due to the influx of tourists and investors worldwide. It provides retailers with plenty of potential customers looking for unique products or experiences that only Dubai Silicon Oasis can provide. Additionally, retailers may be able to take advantage of exclusive deals with local vendors or even benefit from tax incentives when operating within certain parts of Dubai Silicon Oasis.
What Are the Reasons for Investing in Dubai Silicon Oasis?
Investing in Dubai Silicon Oasis is a great opportunity for businesses and investors. The area has seen consistent growth in recent years and is home to many of the biggest names in technology, finance, and retail. Here are some of the reasons why investing in Dubai Silicon Oasis can be beneficial:
- Access to a Highly Developed Infrastructure
- Low Taxes
- Attractive Investment Opportunities
- Access to Global Markets
- Increased Footfall for Retailers
What Are the Top Buildings for Retail Space in Dubai Silicon Oasis?
When searching for retail space in Dubai Silicon Oasis, several buildings stand out as the best places to invest. The following are some of the top buildings that offer exceptional retail opportunities:
- The Gate
- The Circle Mall
- Sky Towers
- Oasis Centre