Dubai has rapidly emerged as a top destination for commercial investments, attracting investors from around the globe. Its strategic location and business-friendly policies offer a unique mix of opportunities, making it an ideal spot for entrepreneurs and investors. these are the key reasons why Dubai is an excellent choice for commercial ventures.
Impressive Growth in Commercial Sales
Dubai’s commercial real estate market saw significant growth in the first quarter of 2024. According to the Dubai Land Department (DLD), total sales transactions in the commercial sector increased by 3%, rising from 2,844 transactions in Q1 2023 to 2,918 in Q1 2024. The total value of these sales jumped by 16%, from AED 19.295 billion to AED 22.328 billion.
Strong Office and Retail Sales
The office and retail segments have driven this growth. Office transactions increased by 8%, while retail transactions soared by 23% compared to Q1 2023. These figures highlight the dynamism of Dubai’s commercial landscape.
Robust Economy and Startup Growth
The UAE is ranked among the top countries for launching startups in 2024, with a projected GDP growth of 4%. The nation’s high GDP per capita and favorable business environment make it an ideal place for new businesses.
Rapid Business Establishment
Setting up a business in Dubai is quick and efficient, taking only four days to complete the legal process. This ease of establishment reduces barriers for entrepreneurs, allowing them to focus on growth.
High Return on Investment
Dubai’s commercial real estate offers an average ROI of 10-15%, significantly higher than residential investments. The market is expected to grow to US$345.80bn by 2028, ensuring strong returns for investors.
Low Corporate Tax Rate
Dubai’s corporate tax rate is only 9%, one of the lowest globally. This attracts startups and SMEs, making the city a favorable place for business growth and investment.
Attractive Lifestyle and Living Costs
Dubai offers a luxurious yet reasonably affordable lifestyle, with a monthly cost of living around $983.62 without rent. Its high quality of life, world-class amenities, and rich cultural scene make it an appealing place to live and work.
