DUBAI’S COMMERCIAL PROPERTY MARKET REFLECTS CONTINUOUS GROWTH

The real estate market in Dubai continues to grow and expand despite speculation. This is projected across many avenues in the industry, especially in the commercial real estate market. The latest figures in office space sales highlights a growing interest of businesses towards the UAE and its property market.

The transactional data that was recorded at the Dubai Land Department records a AED 15.8 billion in sales of office spaces just in the first half of this year. This time between January and June shows a significant growth in this sector of the real estate market in around 2,600 commercial property transactions deals.

Business Hotspots Lead The Sales

As expected the business hotspots in the Emirate attracted most of the deals, such as; Business Bay, Jumeirah Laker Towers and Al Sufouh, which are already established as strong locations for commercial and business purposes. With connectivity, modern office spaces as well as being a prime location for business, these sales for office spaces are obvious.

Beyond The Office Space Sales

This trend of demand doesn’t merely show interest in Dubai’s property market. It goes beyond to exhibit the existing and growing interest in global business owners and companies to conduct business in Dubai. Bringing offices to Dubai opens many doors to businesses, employees as well as the regional economy.

As an extension of this market activity, Dubai as well as the wider UAE market is highlighted as a healthy environment for newer businesses to establish and flourish. Moving upstream across multiple sectors, the real estate market proves that the interest in Dubai to work, invest and live continues to grow amid speculation.

Strengthening its position while being backed up by sales transactions that are projected on the DLD, Dubai continues to secure its position as a global destination of residence, business as well as for economic growth. But as with any real estate market anywhere in the world, advancing with precision and data-backed vision is key to making any good property transaction.

Partnering up with real estate experts who can understand your own unique requirements can make all the difference. If you are looking to expand your business to Dubai or new office spaces, speak to us about your needs and receive expert property solutions in Dubai.