Promising communities with various amenities, such as Business Bay and Palm Jumeirah in Dubai, UAE, continue to be hot topics in the residential real estate market. But what are the best locations to purchase commercial properties? The metropolis, a global commerce and business hub due to business-friendly infrastructure and legislation, offers a broad range of these places. Learn more about the top-5 areas for the acquisition of commercial facilities below.
Business Bay is well-known for its spectacular skyscrapers and never-ending entertainment events. This is the residential, commercial, and business center of the city found south of the fashionable Downtown Dubai. Business travellers will appreciate its convenient location. The area is just a short 15-minute drive from Dubai International Airport.
Besides, Business Bay has numerous commercial real estate options. The most popular are the following:
- office premises;
- retail spaces;
The lifestyle in Business Bay, as well as in Downtown Dubai and the Dubai International Financial Center, is great for working professionals thanks to excellent transport infrastructure. The world’s most prestigious hotel companies, including Oberoi, Taj, and Marriott, are situated here.
The Jumeirah Lake Towers
Jumeirah Lake Towers is a popular multi-purpose community. It is built around four man-made lakes and a park zone. This location is recognised as a perfect place for families with children, but it also offers different business properties. The fact that this is a freehold zone makes it the most sought-after option in the eyes of overseas buyers.
In addition, it is convenient for local entrepreneurs to work together with other companies while being in the well-known metropolitan self-sufficient area. Local residents are able to access all the necessary infrastructure, including a metro station and several banks.
As stated above, the Jumeirah Lake Towers offer a wide choice of business facilities. Here you can find a lot of offices, retail spaces, hotels, restaurants, etc. Affordable prices for local housing only serve to increase the investment attractiveness of commercial real estate.
In Dubai, another popular place is Al Quoz. This is a multi-functional community located in the western part of the city. It is surrounded by other neighbourhoods, such as:
- Al-Wasl in the north;
- Al Safa,Al Manara, and Umm Al Shif in the west.
Together with Sheikh Zayed Road and Al Khail Road, these communities form a long rectangle with good transport links.
Al Quoz Market offers a wide selection of housing and commercial units. The residential sector occupies the northeastern part of the neighbourhood. It is subdivided into four parts. The commercial sector has strengthened in the southwest.
The Dubai Municipality has also created four sub-communities in the Al Quoz Commercial Zone. These sub-communities act as the site for new industrial development projects, hotels, warehouses, factories, shops, showrooms, etc.
Once a small coastal village, this part of Dubai, often referred to as Mina Jebel Ali, is a constantly evolving area that is gradually becoming popular. The mixed-use complex offers plenty of commercial, industrial, retail, recreational, and housing units.
There is Port of Jebel Ali, also known as Mina Jebel Ali (the world’s biggest man-made port), the Palm Jebel Ali artificial island archipelago, the JAFZA, Jebel Ali Free Zone, an industrial freehold zone, and Jebel Ali village, with several churches and temples.
The area is essential to the industrial life of the emirate because it is a giant commercial and business center nearby Dubai Marina. It may boast the largest seaport in the Middle East and the ninth busiest port in the world.
The Jebel Ali Freehold Zone provides approximately 23% of Dubai’s GDP. JAFZA has about 7,000 enterprises specialising in commerce, logistics, production, and other spheres of activity.
It is the city’s oldest residential and commercial part. It is surrounded by the Persian Gulf, Sharjah, and Dubai Creek. This district is an important trading center, famous among tourists thanks to the Gold Market. Currently, it represents one of the most popular neighbourhoods for living and working in Dubai. Local real estate is in high demand among entrepreneurs specialising in trade and logistics.
Assistance With Acquiring Real Estate In Dubai
Choosing a location is vital when buying a home or commercial facility. An investor should think about other things as well; this is by no means the only one. You should be able to plan strategically and be aware of market trends in Dubai in order to make a lucrative investment. Cooperating with experts in this area would be the best course of action.
These professionals can be found at Ax Capital. The agency’s representatives not only assist their clients in choosing the best offer and accompany them through the transaction procedure, but they also offer excellent after-sales support.