Dubai, a bustling metropolis at the crossroads of the Middle East, offers a dynamic commercial real estate landscape. As Imkura Real Estate, we understand the importance of providing accurate and original insights to our clients. Let’s delve into the specifics:
Strategic Location: Dubai’s strategic position as a global business hub attracts entrepreneurs, investors, and multinational corporations. Its connectivity, tax-friendly policies, and world-class infrastructure make it an ideal destination for commercial ventures.
Office Spaces: These cater to corporate headquarters, startups, and professional services. Locations like Dubai International Financial Centre (DIFC) and Business Bay are popular.
Retail Spaces: Perfect for shops, showrooms, and restaurants. Prime areas include Dubai Mall, Jumeirah Beach Road, and City Walk.
Warehouses and Industrial Units: Essential for logistics, manufacturing, and storage businesses. Areas like Al Quoz and Jebel Ali offer suitable options.
Purchasing Commercial Property: Long-term stability and potential capital appreciation make buying attractive. Consider factors like location, property type, and growth prospects.
Leasing Commercial Space: Leasing provides flexibility, especially for startups. Evaluate lease terms, fit-out costs, and proximity to clients.
Property Value: The purchase price or lease rate.
Transfer Fees: Paid to the Dubai Land Department during property acquisition.
VAT: Currently 5% on property sales.
Trustee Registration Fees: For property registration.
Brokerage Fees: If using a real estate agent.
Freehold Properties: Individuals and companies can own freehold commercial properties. Offshore companies in free zones (e.g., DMCC, JAFZA) enjoy full foreign ownership.
Ejari Registration: For leased properties, Ejari registration ensures legal compliance and protects both tenants and landlords.
Free Zones: DMCC, DIFC, and Dubai Silicon Oasis offer tax benefits, 100% foreign ownership, and simplified business setup.
Mainland Areas: Recent changes allow 100% ownership for certain business activities. Consider areas like Business Bay, Al Barsha, and Al Quoz.
VAT applies to both rent and property sales. Imkura Real Estate can guide clients on VAT registration and compliance.
Businesses can recover VAT paid on expenses by obtaining a valid Tax Registration Number (TRN).
With the rise of flexible work arrangements, co-working spaces are gaining popularity. Explore partnerships with established co-working providers or consider setting up your own shared workspaces.
Imkura Real Estate’s commitment to excellence ensures that our clients receive accurate, original advice. Whether buying, leasing, or exploring co-working options, Dubai’s commercial property market offers exciting opportunities. Remember, our team at Imkura Real Estate is here to assist clients every step of the way.
Our expansive portfolio of partners allow us to go the extra mile for each client with services like Conveyancing Support, Mortgage Solutions, Currency Services, purchasing property using Cryptocurrency and more. If we don't cover something, our trusted partners can help.
