12 Properties for Rent in Dubai

Commercial Properties for Rent – The Flourishing Hub of Dubai

Dubai commercial property sector has undergone a remarkable advancement in recent years. Making it a prime hub for businesses seeking rental properties, Dubai has centralized around 9,038 transactions in 2024, demonstrating a 24% YoY increase. With astounding returns of AED 90.1 billion, the city witnessed an 11 percent growth compared to the prior year.

Office Segment – Commercials for Rent in Dubai

The office segment has been peculiarly active, bringing 2,972 office transactions with a total value of AED 6.5 billion. This marked a 3 percent increase in company registrations and a substantial 37 percent year-on-year growth in values. The rising values in commercial property for rent in Dubai are driven by the city’s economic diversification and advancement in sectors like tourism, artificial intelligence, and fintech.

Famous neighborhoods and investment hubs like Downtown Dubai and Business Bay have witnessed substantial rental growth in commercial properties. First-grade office rents soared by 25 percent YoY, with Business Bay witnessing a 44 percent and Downtown experiencing a 36 percent rise. Occupancy ratios in these areas are remarkably high, varying between 95% and 97%. This growing trajectory demonstrates robust demand for premium office spaces on rent in Dubai.

Logistic and Industrial Segments

The continuous progress of e-commerce and the city’s prime location as a logistics center have supplemented the demand for warehousing and industrial developments. Areas close to Dubai South and Jebel Ali Port are nearing packed occupancy. Moreover, warehouse rental rates are increasing at around 12 percent year-on-year, stimulating interest among commercial renters.

Retail Sector Trend

The retail space in Dubai is also flourishing with commercials for rent. According to DXB Interact, vacancy rates for premier retail developments remain under five percent, bolstered by the entrance of new brands and increased tourist foot traffic. This demand has fueled rental rates in popular locations like Downtown Dubai and regions surrounding the Mall of the Emirates.

FAQs about Commercial Property for Rent in Dubai

What is the average rental yield of commercial properties in Dubai?

Commercial properties in Dubai yield strategic returns on investment, fostering the desirability of investment and appeal of Dubai as a global investment hub. The city offers approximately 8 to 15 percent ROI on commercial rents, reflecting the potential appreciation of property ownership.

Which districts in Dubai are most preferred for premium office rentals?

Areas like Downtown Dubai, Dubai International Financial Center (DIFC), and Business Bay demonstrate high occupancy rates, averaging from 95 to 97 percent. The office rentals in these areas are high due to A-grade developments and premium retail spaces.

What are the future projections regarding the supply of office spaces in Dubai?

Major projects like Immersive Tower and DIFC Square will expand the office space to around 10 million square feet by 2028.

How many new businesses registered in Dubai in Q1 2024?

Dubai’s business growth is at the apex, with reportedly 24,000 businesses registered in the first quarter of 2024.

Which areas can be considered affordable alternatives for commercial rents in Dubai?

Commercial tenants seeking more affordable office and retail spaces can find developments on the outskirts of the city, in areas like Expo City and Dubai Science Park.

Commercial Properties for Rent in Dubai

Property Listing

Commercial Properties for Rent – The Flourishing Hub of Dubai

Office Segment – Commercials for Rent in Dubai

Logistic and Industrial Segments

Retail Sector Trend

FAQs about Commercial Property for Rent in Dubai