5 Best-Suited Areas to Buy Commercial Properties in Dubai
Dubai has emerged as the most popular destination for those looking for an extravagant and thrilling lifestyle, attracting both foreign investors and entrepreneurs. This city has a lot to offer, such as historical landmarks, spectacular residential projects, breathtaking skyscrapers, limitless commercial development opportunities, and an exciting nightlife. Dubai has become a global center for commerce and entrepreneurial activities due to its business-friendly infrastructure and legislation. If you’re thinking about starting a business in Dubai, knowing which areas have the best commercial property portfolios could be crucial to your company’s success.
Below is a well-researched list of 5 well suited areas for commercial properties.
- Business bay
Business Bay is surrounded by stunning high-rises and never-ending entertainment. It is a Dubai residential, commercial, and business district located south of the trendy Downtown Dubai. Living here allows you to take part in a variety of events that take place on the city’s bustling streets. It provides breathtaking views of the Dubai skyline and Dubai Creek. One of the most appealing factors for purchasing a property in Dubai is the gleaming waters of the Dubai Canal and the ease of access to neighboring areas.
Business owners who travel frequently will value the area’s convenient location. It is due to the neighborhood’s proximity to Dubai International Airport, which is only a 15-minute drive away. Furthermore, Business Bay sells to investors a variety of commercial properties such as office spaces, commercial floors, bulk units, and stores.
Because of its excellent connectivity, the lifestyle in Business Bay is ideal for professionals working in the region, Downtown Dubai, and the DIFC. Furthermore, the area is home to some of the world’s most prestigious hotel chains, including Oberoi, Taj, and Marriott.
- Jumeirah Lakes Towers (JLT)
JLT, or Jumeirah Lake Towers, is a famous mixed-use development in Dubai. It is a Dubai Multi Commodities Centre – DMCC project centered on four man-made lakes and parkland. It has a pleasant feeling of community and a variety of amenities. As a result, JLT has evolved into an ideal residential neighborhood for individuals and families seeking to live near the bustling Dubai Marina. Like Business Bay, Jumeirah Lake Towers (JLT) has a diversified range of commercial properties available. The region’s status as a free zone contributes to its high demand in the emirate’s retail property market.
- Al Quoz
Al Quoz is yet another popular area in Dubai to invest in property. It is a mixed-use community located in the western part Dubai. It is surrounded by several communities. The Al Wasl community can be found in the north. In the west, you’ll find Al Safa, Umm Al Shief, and Al Manara. These communities form a long rectangle when combined with Al Khail Road and Sheikh Zayed Road. Al Quoz is cleverly split into residential and commercial areas. Its residential sector is divided into Al Quoz 1, Al Quoz 2, and Al Quoz 4 in the northeast region. These neighborhoods are home to many Emirati families. The commercial district, on the other hand, has established a stronghold in the southwest corner of the neighborhood.
In addition, the Dubai Municipality established four sub-communities within the Al Quoz Industrial Area. These sub-communities provide adequate housing for development projects as well as various Dubai hotels. As a result, business owners can easily purchase or rent commercial real estate at reasonable prices. Offices, labor camps, bulk units, factories, warehouses, shops, industrial lands, and showrooms are examples of these property types.
- Jebel Ali
This area of Dubai, formerly known as Mina Jebel Ali and considered a satellite district, is a constantly developing neighborhood that is gradually gaining prominence. It is a mixed-use development that includes commercial, industrial, retail, recreational, and residential elements. The most notable features are Jebel Ali Port (the world’s largest man-made port), Palm Jebel Ali, JAFZA (a designated industrial zone), and Jebel Ali Village. Several churches and temples can be found in the village. The area is also important to the emirate’s industrial life because it is primarily a large commercial port and business center located near Dubai Marina. It also has the largest marine port in the Middle East and the ninth busiest port in the world.
Furthermore, the expansion of the Jebel Ali Free Zone accounts for approximately 23% of Dubai’s GDP. JAFZA is home to approximately 7,000 businesses involved in trade, logistics, manufacturing, and a variety of other industrial and service sectors. As a result, if you run a manufacturing, logistics, or trading company, investing in Jebel Ali commercial properties is a wise decision.
It is Dubai’s oldest commercial area. It is bounded by the Arabian Gulf, Sharjah, and Dubai Creek. Furthermore, this important trade center is well-known among tourists for its gleaming Gold Souk. As a result, it is one of the most popular locations in the emirate to live and work. Small streets lined with the city’s historic gold and spice souks can be found here. It will be filled with items from Dubai Creek’s canals. For decades, traders would dock their ships along its banks, bringing perfume, spices, coffee, and gold from distant lands. Buying commercial properties in Deira is thus the best bet if you want to start a new business in trade and logistics!