Shops For Sale In Dubai

As one of the most populated cities in the United Arab Emirates, Dubai is a hub for many businesses. Those looking to purchase a retail shop in Dubai will find many options available to them. There are retail shops for sale in many different parts of the city, each with its unique advantages.

For example, retail shops in Dubai Marina are popular due to the area's high-end reputation. However, those looking for a more central location may consider retail shops for sale in Downtown Dubai. And for those who want to be closer to the water, there are retail shops for sale in Jumeirah Beach.

No matter your preferences, there is sure to be a retail shop for sale in Dubai that meets your needs. With many options available, Driven Properties has the best experienced real estate agents to find the perfect shop for your business.

Advantages of Buying a Shop in Dubai

• The city is a hub for tourism and business, so there is a lot of foot traffic and potential customers.
• There is a low cost of doing business in Dubai, as the city offers many business incentives.
• There is a large expatriate community in Dubai, so there is a ready market for many types of businesses.
• The city is well-connected so that businesses can reach a global market easily.
• The climate is conducive to doing business year-round.
• There is a stable political environment in Dubai.

Disadvantages of Owning a Shop in Dubai

• Cultural considerations: Dubai is home to people from all around the globe. This rich tapestry of backgrounds makes Dubai one of the most diverse cities in the world. With this diversity comes a need to respect cultural sensitivities, understand cultural nuances, and cater to them. These make for murky waters that shop owners must navigate with caution.
• Competitiveness: As a business hub, every brand on the planet covets a foothold in this city. This creates a highly competitive environment for owning a business or buying a shop in Dubai.
• High cost: Shops are quite expensive in Dubai and not all businesses can afford them. Rent often offers a more affordable choice for start-ups and SMEs. Buying a shop will also strip the buyer of the flexibility of relocating should the business require it.

Best Areas to Buy Retail Shops in Dubai

The city of Dubai, as a whole, is a bustling beehive around the clock. Rare are the parts of the city where businesses don’t thrive. All regions here hold great promise for businesses. Nevertheless, as is the case in all cities, there are specific hubs where shops tend to thrive more.

• Business Bay: As its name indicates, this region is home to both residential towers and a thriving business district. It is frequented by locals, expats, and travelers looking for goods and services of all types; an ideal location to buy a shop in Dubai.
• Jumeirah Lake Towers or JLT: This residential neighborhood, ideal for families and individuals, is located near Dubai Marina. This prime location makes it a coveted spot if you are looking for shops for sale in Dubai.
• Al Quoz: Al Quoz is surrounded by a cluster of communities and neighborhoods including Al Wasl, Al Safa, Umm Al Shief, and Al Manara, in addition to its sectors Al Quoz 1, 2, 3, and 4. Having a shop there will place you near uncountable potential customers.
• Jebel Ali: This constantly developing neighborhood is home to commercial, industrial, retail, recreational, and residential areas. It also comprises Jebel Ali Port, Palm Jebel Ali, JAFZA, and Jebel Ali Village. All elements of success are available here for retail shops.
• Deira: As the oldest commercial district in the city, this region has an established reputation for being a good place to buy a shop in Dubai. Its small streets and historic shops selling perfume, spices, coffee, and gold make it a charming location for those seeking small shops for sale in Dubai.

Are Shopping Malls the Best Place to Buy a Shop in Dubai?

When looking to buy a shop in Dubai, you will be faced with many options for sizes, locations, and areas. Shops located in malls will also be some of the offers on the table. The edge malls provide over other locations include the following:

• Established client base
• Great exposure to prospective clients
• Free amenities such as bathrooms

However, buying a shop in a mall might be more costly than other locations. The size, status, and client base of the mall will also play a role in its price range.

Small Shops for Sale in Dubai

The demand for small shops for sale in Dubai is mainly fueled by emerging brands and start-ups. Such shops provide a great place for these businesses to start without burdening their finances with major commitments. 

Commercial Shops for Sale in Dubai

Commercial shops enjoy a higher demand volume from a panoply of businesses. These commercial shops vary greatly in size, location, amenities, and use. 

Grocery Shops for Sale in Dubai

These shops are usually found within residential communities and are sought by individuals looking to sell foods, goods, or services to the local community. There might also be an ethnic aspect to it, as some grocery shops tend to sell ethnic foods and goods while others seek to meet the grocery needs of the area.

FAQs

1. How much does a shop in Dubai cost?

There is no definitive answer to this question, as the cost of a shop in Dubai can vary greatly depending on the size, location, and amenities of the shop. However, according to recent reports, the average cost of a shop in Dubai is AED 5,950,302, which is approximately $1,620,026.84.

2. How much does it cost to open a shop in Dubai?

The cost of opening a shop in Dubai can vary greatly depending on the size and location of the shop, as well as the type of business. However, according to a recent article in Shuraa.com, the average cost of setting up a retail store in Dubai is around AED 22,000 (approximately US$6,000). This number does not account for leasing and staff pay.

3. Can a foreigner open a shop in Dubai?

Yes, a foreigner can open a shop in Dubai. There are no restrictions on foreign ownership of business. However, when it comes to ownership of property, there are a few regulations to consider. Foreigners are only allowed to own property in areas designated as freehold. So you can either rent a shop and conduct your business in all areas of Dubai; or if you wish to buy the shop, it has to be in a freehold area.

4. How much is a shop license in UAE?

There is no standard answer to this question as the cost of a shop license in the UAE can vary depending on the Emirate in which the shop is located, the type of business being conducted, and several other factors. However, it is generally advisable to budget for at least AED 10,000 (approximately USD 2,700) when applying for a shop license in the UAE.

5. Which locations in Dubai are known for their shops? 

In Dubai, malls are the go-to locations for shopping. These massive buildings host shops for local and international brands alike. The most prominent malls include the Mall of the Emirates, Dubai Mall, MAFI Mall, Dubai Marina Mall, and Ibn Battuta Mall. For a more authentic experience, you can head to souks such as Bur Dubai Souk and Souk Madinat Jumeirah.