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Commercial Property Investment The lesser known investment option Many investors looking to invest in Dubai concentrate on the residential property market, looking to capitalise on the excellent returns available catering to workers on short term contracts, capitalising on the corporate clients who have been relocated to Dubai to set up overseas operations. Whilst this is a lucrative market, and the demand is certainly there, it is worthwhile considering the commercial letting market. Dubai is currently experiencing a shortfall in office space, with many companies holding back on a move due to a distinct lack of suitable offices. In fact commercial occupancy levels are currently at 99%, representing a considerable opportunity in the buy to let market.
Long term leases In the commercial buy to let market there are considerable benefits over the more traditional residential options. Companies setting up operations look for suitable premises and tend to remain in the same location for a longer period of time that you experience in the residential letting market. Many workers often move from company to company, and as a result often move house to make it more convenient for travel to work. However when a company takes out a lease, it is only when the premises becomes too small that a move is then considered. As a result the properties have a much lower turnover of clients meaning less effort and providing a steadier rental income.
Commercial leaseback Commercial leaseback opportunities exist in Dubai providing fully serviced turnkey office units, furnished and equipped down to printers and paperclips. These are a godsend for businesses looking to set up an overseas operation with the minimum of fuss and expense. Having an office ready equipped with a full host of services already in place enable companies to move over with a bare minimum of staff, keeping initial set up costs very low. Serviced offices with secretarial services, conference facilities, reception staff, and full IT support allow companies to take their time to grow and allow extra time to find staff perfectly suited to the business, rather than a frantic search for support staff out of need, or the expense of having to recruit in the home country and pay high relocation costs. |
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