Rental Guide | Dubai Commercial Properties
When finding the right office space, companies need to take into account things like location is accessible for clients, prospective neighboring businesses, and the infrastructure of the building. The rent of offices in Dubai varies according to location and value of the property.
According to a survey by Global Prime Office Occupancy Costs (CBRE), Office space in Dubai costs an average $92.56 per square foot per annum which is far less than office space in London worth $259.36 per square foot annually. Globally, office rental costs rose up to 2.2 percent during the last year.
2014 saw relatively limited new office supply come to the market in Dubai, driving rental growth in some areas. The greatest rental increase was experienced in TECOM, at 25%, followed by Sheikh Zayed Road, Business Bay and JLT, where rents grew more than 10%, albeit from a relatively low base. Dubai International Financial Centre (“DIFC”) achieved the highest rents, which averaged AED 240 per sq. ft. per annum, up from AED 225 per sq. ft. per annum in 2013. More central DIFC office buildings, such as Gate Village and Currency House, located in proximity to retail and F&B outlets, reached near full occupancy in 2014. This resulted in upward pressure on rents with landlords able to command in excess of AED 300 per sq. ft. per annum.
Serviced Offices – Rental Comparisons
Below are the prices of serviced offices in Dubai given on per person per month basis, and are based on office space 200 sq. ft. derived from our Sales expert’s knowledge.
Office Areas and their Indicative Price Range
Dubai- Dhs 1500-6500
Sheikh Zayed Road- Dhs 1500-3300
Dubai Marina- Dhs 3500-6500
Al-Barsha- Dhs 1750-3250
Jumeirah Lake Towers- Dhs 2250- 3750
The location- Commercial Properties in Dubai
Most of the commercial developments in Dubai is around the World Trade Centre, (DIFC)Dubai International Finance Centre, Business Bay and the famous Sheikh Zayed Road, which is the main motorway crossing the emirate. There are also a number of specialized commercial areas, like Dubai Media City for media companies, Internet City, Sports City and Healthcare City, which are famous for businesses within these industries.
Dubai Media City offers a variety of Business Centre’s, Commercial Offices and Boutique Villa Offices under its Dubai property portfolio. The more than 20 commercial buildings are located here in the low to high rise categories. All of Dubai Media City properties offer close proximity to City Centre amenities including shopping malls, hotels, healthcare facilities, schools and residential communities.
Dubai Internet City DIC is the home of over 15,000 knowledge workers, which provides support to clients who wish to associate their ICT business with its In5 Innovation hub and First Steps business center. DIC offers facilities that provide invaluable support, especially for start-up businesses and small or medium sized enterprises, helping them to settle their businesses swiftly and easily.
DIFC Office Zone caters to the very elite of the corporate world. Dynamic, modern and first-class office space is offset by the convenience of upscale gyms and hotels. Educational institutions, such as the Cass Business School and the London Business School, allow professionals to brush up on their skills and keep up with global trends, while the various fine dining restaurants are perfect venues for evening business meetings over dinner and drinks.
Sufficient car parking areas, proximity to two metro stations and easy access to the city’s main highway, Sheikh Zayed Road, make DIFC Dubai’s most accessible business district.
Sheikh Zayed Road connects the two largest cities of the United Arab Emirates, Dubai and Abu Dhabi. The most expensive offices remain at DIFC, Downtown Dubai, and Sheikh Zayed Road. Together, these three areas form Dubai’s core business district, where offices are in demand but supply is still limited.
Want to Rent an Office in Dubai?
Dubai has become international hub for trade, finance and tourism, and Greenhouse Real Estate is here to help you take benefit of it. Whether you are a booming company looking for a serviced office space for rent in Dubai, or a small company looking for office with cabins, we offer a wide variety of commercial properties for any business size.