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Demand for business premises on the rise in Dubai

Demand for business premises on the rise in Dubai

Investors and entrepreneurs overseeing the Dubai real estate market should take a closer look at the commercial property sector. Now, the perspective for business premises is becoming more and more encouraging due to the growing demand for high-end offices. While everyone is watching the success of residential real estate, demand in Dubai's commercial sector is at its highest level for the last five to seven years.

26 transactions were registered in Opus by Omniyat, the most sought-after building in Business Bay, during the first six months of 2022. The highest price per square meter of office space was AED 3,200 ($871, ¥5,863).

As demand for offices, warehouses, and retail space rises, the emirate's commercial real estate market will continue to attract local and global companies, leading to increased business activity and further growth.

Jumeirah Lake Towers (JLT) and Business Bay continue to attract a lot of overseas investors and companies. During the first half of 2022, 403 and 408 transactions were carried out in both regions, respectively.

Outside of Business Bay and JLT, One World Central, and ICD Brookfield Place at DIFC remain one of the addresses for corporate clients. Other popular office locations are Dubai Design District (D3) and Dubai Hills Business Park, where the du Emirates Integrated Telecommunications Company has recently moved its headquarters.

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