Buy Whole Building in Dubai
Commercial whole buildings for sale in Dubai offer a range of benefits for businesses, including tax breaks, a central location, and plenty of space. If you wish to buy buildings in Dubai, here are seven reasons why it's a smart investment.
Central Location:
A major benefit of buying a commercial building in Dubai is the central location that is offers businesses. Dubai is centrally located within the UAE, making it easy for businesses to access other markets in the region. Additionally, Dubai is well-connected to major global markets, which makes it an ideal location for businesses that are looking to expand their operations internationally.
Ample Space:
When you buy a commercial building in Dubai, you'll have access to ample space that can be used to accommodate your business's needs. Whether you're looking for office space, retail space, or industrial space, you'll be able to find a property that meets your requirements in Dubai.
Visibility and Foot Traffic:
Depending on the location of your commercial building, it could benefit from high levels of visibility and foot traffic. This is especially true if your property is located in one of Dubai's busy business districts such as Mohammed Bin Rashid City or Al Furjan.
Potential for Growth:
Another reason to begin searching for a full building for sale is the potential for growth that is offered by the city's booming economy. As Dubai continues to grow at a rapid pace, there will be an increasing demand for commercial real estate. This provides investors with an opportunity to realize significant capital gains on their investment.
Rental Income:
In addition to the potential for capital appreciation, owning a commercial building in Dubai also provides investors with the opportunity to generate rental income. Given the high demand for office space and retail space in the city, investors can expect to achieve healthy returns on their investment.
A Stable Economy:
One of the reasons why now is an ideal time to buy a commercial building Dubai because of the city's stable economy. The UAE has been largely immune from the global economic downturn, and its economy continues to grow at a steady pace.
Modern Infrastructure:
Another key reason why now an ideal time is to buy a commercial property in Dubai because of the modern infrastructure that is offered in the city. From world-class airports and seaports to transportation networks and telecommunications systems, businesses in Dubai can enjoy state-of-the-art infrastructure.
FAQ - Whole Buildings for Sale in Dubai
The market for whole buildings for sale in Dubai is currently hot, with prices increasing every day. Dubai commercial transaction volumes remain an all-time high at AED 29 billion in H1 2022, recording an increase of 45% since H1 2021, according to Dubai Land Department.
Investors are flocking to the city to take advantage of the current market conditions, and those looking to sell their buildings are seeing excellent profits. If you're interested in a full building for sale in Dubai, now is definitely the time to do it. Contact a real estate agent today to learn more about the current market state and what deals are available.
There are a few communities in Dubai that are popular for commercial buildings. Mohammed Bin Rashid City, Al Furjan, and Jumeirah Lakes Towers are all great areas for businesses to operate out of. Each community has its own benefits and drawbacks, so it's important to do your research before making a decision. Some of the best websites that provide comprehensive listings of whole buildings for sale in Dubai are houza, Dubizzle, and Property Finder.
The UAE government announced in 2018 that it plans to introduce a corporate tax on commercial real estate profits. This new rule is expected to go into effect at the end of Q2 2023 and will apply to all businesses equally—with the exception of those involved in natural resource extraction, which will remain subject only to Emirate level corporate taxation.
No tax on personal income will apply to employments, real estate and other investments, or any other income earned by individuals that does not come from a business or another form of commercial activity licensed in the UAE.
With a standard statutory tax rate of 9 percent and a 0 percent tax rate for taxable profits up to AED375,000 supporting small businesses and startups, the UAE corporate tax regime is going to be one of the most competitive ones globally.
When deciding to open a business in Dubai, entrepreneurs have the option of registering it on the mainland or in a free zone. The main difference between these two choices regards company ownership rules. If an entrepreneur opts for a free-zone registered business, then foreign nationals are allowed 100% ownership; however, trade and interactions can only be conducted with entities situated outside of UAE borders. Prior to recent rule changes, it was necessary for a local UAE national to serve as sponsor by purchasing at least 51% interest stake in any company registered on Dubai mainland.
The aim of any commercial real estate investment is to secure a high return on investment (ROI). That's why it's critical to thoroughly research every property before making a purchase. Some elements that can affect ROI are community, facilities and amenities, transportation, size, quality, market conditions, and maintenance costs. If you plan on leasing your purchased property to other businesses locations here are some additional factors you should take into account:
Short-Term or Long-Term Leasing: Dubai's leases are a minimum of ten years for long-term commitments. All leases shorter than 10 years must be registered in Dubai through the Ejari system, which requires submission of the basic application plus other required documentation. Standard leases in Dubai are at least 12 months but can be renewed automatically if both tenant and landlord agree to do so.
Shell/Core or Fitted Property: There are two types of commercial spaces available to purchase: shell or core units. A shell unit is an unfinished space without any fixtures, while a core unit comes with basic finishings. As you look for the right commercial property in Dubai, consider which type better suits your needs and budget. With more competition in the market, landlords are now able to charge higher rents for completely furnished units.