Commercial Properties for Sale

The UAE`s commercial property market has grown remarkably. The country bridges Europe and Asia, and Dubai has become the most desirable business destination today. Significant investments are seen in the real estate industry in Dubai as investors are more interested in the commercial property market. Dubai has become the world’s renowned business forte for investors.

Dubai’s commercial property market has seen a massive increase, and there are several commercial buildings for sale in Dubai, including office units sales, retail shops, hotels and hospitality properties, warehouses, and industrial spaces. The tax-free environment, high rental yields, strategic global location, and strong economic growth have become the most significant driving factors for investors to focus on Dubai`s commercial real estate market. If you are an investor looking for massive returns, buy commercial property in Dubai, which will be the smartest decision for your business. Just focus on the prime commercial locations in Dubai such as Downtown Dubai, Business Bay, Dubai Marina, Jumeirah Lake Towers, and Dubai Silicon Oasis. Explore how the Dubai commercial property market is seeing massive ROI.

The Most Popular Areas to Buy Commercial Properties in Dubai 

As of 2024, here are the prime commercial locations in Dubai:

• Downtown Dubai: Bustling commercial hub featuring iconic landmarks like the Burj Khalifa and Dubai Mall. 
• Business Bay: Modern business district focusing on commercial and residential properties, offering excellent connectivity to other parts of the city. 
• Dubai Marina: Waterfront area, known for its luxurious lifestyle, high-rise residences, and various recreational activities. 
• Jumeirah Lake Towers: Mixed-use development featuring residential, commercial, and retail spaces, focusing on the DMCC free zone. 
• Dubai Silicon Oasis: Technology-focused free zone offering residential, commercial, and industrial facilities, attracting various businesses in the tech industry.

Types of Commercial Properties for Sale in Dubai 

There are various commercial buildings for sale in Dubai, ranging from office spaces to retail shops, warehouses, and more.

• Office Spaces for Sale in Dubai: Properties designed for professional and administrative work. These often include features like private offices, open workspaces, meeting rooms, reception areas, and more. 
• Retail Shops for Sale in Dubai: Used for selling goods and services directly to consumers. These range from small boutiques to large department stores and shopping malls. 
• Warehouses for Sale and Industrial Spaces: Used for storage, manufacturing, distribution, and other industrial activities. These often have features like loading docks, high ceilings, and specialized equipment. 
• Hotels and Hospitality Properties: Properties that provide lodging and other services to travelers and tourists. These can include hotels, resorts, motels, inns, and other accommodations. 

ROI for Commercial Properties in Dubai 

In 2024, Dubai’s property market will offer an average ROI of 10-15% — notably higher than the residential market’s 8-15% ROI. Furthermore, the UAE’s commercial real estate market is predicted to achieve a value of over AED 1.1 trillion in 2024. 

How to Buy a Commercial Property in Dubai 

Here is a step-by-step guide to purchasing a commercial property with Driven Properties.

• Visit the Driven Properties website. 
• Browse through Driven Properties’ extensive property listings. 
• Choose your ideal commercial property. 
• Contact one of our reputable real estate agents. 
• Communicate with the property seller. 
• Sign the Real Estate Sale Agreement and pay a deposit. 
• Apply for a No Objection Certificate (NOC). 
• Submit the required documents to complete the ownership transfer. 
• Receive your title deed.

Cost of Commercial Properties in Dubai

Commercial property costs vary greatly in Dubai. If you’re looking to purchase a commercial property, it can cost you hundreds of thousands to millions, depending on your desired unit, location, and amenities. Some of the lower-end commercial properties in Dubai can cost you around AED 100,000 to AED 300,000. Meanwhile, the more premium commercial properties can cost you around AED 50,000,000 to AED 250,000,000. 

• Affordable commercial properties in Dubai can start from around AED 500,000 to AED 2,000,000 
• Premium commercial properties in Dubai can start from around AED 50,000,000 to AED 250,000,000

Frequently Asked Questions 

1. Can foreigners buy commercial properties in Dubai? 

Foreigners are allowed to purchase commercial properties in Dubai provided that the properties are in designated leasehold or freehold areas. 

• Freehold Ownership: A foreign national who owns freehold real estate has total authority over both the real estate and the land it is constructed on. It is theirs to sell, rent, or give to heirs. 
• Leasehold Ownership: When a foreigner owns a property under leasehold, they typically have total control over the asset for a set period of time (often 99 years), but they do not own the land it is built. The property ownership is transferred to the freeholder upon the expiration of the lease.

2. Why buy a commercial property from Driven Properties? 

Purchase a commercial property with Driven Properties and partner with one of the city’s most reliable brokers. We offer over a decade of success for our clients, thousands of listings at any given time, and unique unlisted properties for VIP clients.

3. What are the benefits of buying commercial properties in Dubai? 

• Tax-Free Advantages: In Dubai, there are no taxes on income (whether salaries or rental income), capital gains, or wealth. 
• Strong Economic Growth: Dubai boasts a strong economy with a strong focus on tourism, trade, and innovation – alongside many government initiatives that foster business growth. 
• High Rental Yields: Potential for strong ROI – up to 15%, around double the global average 
• Strategic Global Location: Dubai is located at a prime location between Europe, Asia, and Africa. Furthermore, it is also connected with major airlines. 

4. How is Dubai’s commercial property market in 2024? 

In Q1 2024, Dubai’s commercial real estate market showcased impressive growth compared to the same time in 2023.

According to Dubai Land Department (DLD) data, transaction volume and value increased in the one-year period. Transaction volume increased from 2,844 transactions in 2023 to 2,918 in 2024 — representing a steady 3% increase. Meanwhile, transaction value surged from AED 19.295 billion to AED 22.328 billion — representing a surge of 16%.

5. How does Dubai’s commercial market compare to other major cities? 

The commercial real estate market in Dubai has been outperforming many global cities when it comes to capital appreciation and rental returns since 2021. Furthermore, in 2024, Dubai’s real estate market is much more affordable than that of other major global cities such as New York, Hong Kong, London, and Paris. 

6. What should I consider before buying commercial properties in Dubai? 

• Budget: Establish your acceptable price range, considering additional costs. 
• Location: Choose your preferred area in Dubai based on factors such as proximity to customers, suppliers, desired amenities, and image. 
• Preferred property type: Before you select your unit, think about the uses for both your particular business and your commercial property.