What To Look For When Buying An Office Space In Dubai
Are you thinking of buying an office space in Dubai? With so many commercial areas available, choosing the right one contains checking several factors before finalizing your decision.
Here, we will outline the main things to keep in mind when you want to buy office in Dubai.
Location and accessibility
The area of the office matters for both client meetings and staff convenience. Business districts such as Business Bay, DIFC, and JLT are well-known for commercial spaces. Consider how close the office is to metro stations, parking areas, and major roads. A location that is easy to access is generally more practical for daily operations.
Building facilities and structure
Before making a purchase, check the facilities in the building. Look for basics such as lifts, clean common areas, and 24/7 security. It is also useful to check how old the building is and if it follows current safety standards. Older buildings might involve extra costs in future repairs or upgrades.
Size and layout
The size of the office should match your business essentials. An open layout may suit some companies, while others may prefer smaller, private rooms. Check the floor plan to ensure it allows for workstations, meeting rooms, and storage areas. It is also useful to measure the space and see how furniture and equipment will fit.
Freehold or leasehold type
In Dubai, office spaces are available as either freehold or leasehold. Freehold spaces give full ownership, while leasehold gives rights for a fixed period. Foreign buyers often choose freehold areas for long-term use. Check with the Dubai Land Department to confirm the status of the area before making an offer.
Legal and financial details
Confirm that the office space has a valid title deed. Check for any pending service charges or unpaid dues from the previous owner. The Dubai Land Department will entail documents for ownership transfer, and a 4% transfer fee is usually applied. It is also recommended to review the Sales and Purchase Agreement carefully before signing.
Community and business environment
Some areas in Dubai have a high number of businesses in specific sectors. Being located near similar businesses may improve visibility and networking. For example, DIFC is known for financial firms, while Media City is popular with media and advertising companies.
