Dubai commercial property sees high demand

Dubai commercial property sees high demand

Shortage of Grade A office space pushing prices

Jumeirah Lake Towers is among prominent locations offering an array of attractive office spaces for investment. — KT file

By Benham Bargh/Realty bytes Published: Mon 24 Jul 2023, 7:09 PM

In terms of commercial real estate, what are the prospects in Dubai?

It is evident that the market is currently experiencing a significant shortage of A-grade quality properties in prime locations. This scarcity of supply has been further exacerbated by the limited number of properties entering the market. As a result, the demand for high-quality commercial spaces far outweighs the available inventory.

Notably, the ongoing trend of a growing number of trade licenses being issued in Dubai has contributed to the surge in demand for commercial properties. The emirate's reputation as a global business hub, coupled with its business-friendly environment and strategic geographic location, continues to attract entrepreneurs, startups, and established enterprises seeking to establish a strong presence in the region. Given the prevailing market conditions, we anticipate that the demand for commercial properties in Dubai will persistently outpace the available supply in the foreseeable future. As a result, investors and businesses looking to secure prime commercial spaces should act with foresight and engage in strategic decision-making