Moving to a new business location is a crucial long-term decision for any company. Commercial Sales and Leasing Head, Sandrine Loureiro, tells us the ins and outs and what’s hot right now. Click here to watch the video.
What are the most popular areas for businesses right now?
At the moment Business Bay, JLT, Sheikh Zayed Rd, Media City, Tecom and Barsha are popular for businesses relocating or setting up for the first time.
What do businesses look for in a commercial address?
Our clients look for well managed buildings with easy access, ample parking and good facilities for their employees and visitors. With so many new business towers now online, there’s a trend towards high rises, though this depends on the need of the business.
It’s always a trade-off between location and cost, because size and scalability are just as important as where you are. We have a vast range of commercial offerings, from smaller offices for up to 10 staff all the way up to entire floors or multiple floors.
What kind of leasing arrangements can I expect?
Leases are generally set for a minimum of one year and are renewable. Larger companies prefer to sign long term leases which would typically include an annual increment so they can plan ahead and be secured for up to 5 or 10 years.
A security deposit of 5% – 10% is required upon booking and rent is usually paid in one to four installments per year, depending on the landlord.
My business needs to impress clients from the moment they walk in. What are the best options for me right now?
There are currently several A-grade office options but one of the most prestigious is a new address coming online now that has started leasing: Burj Al Salam. It’s a trio of towers on Sheikh Zayed Rd near the Trade Centre roundabout with mixed occupancy, offering apartments, a soon-to-open Sheraton Hotel and of course A-grade office space ranging from 1,428 sq. ft. to full floors of 11,000 sq ft.
It’s a highly desirable location with incredibly convenient access and is already home to a host of law firms, consultancies and management companies. With a multi-level car park, close proximity to the Metro and even valet parking, Burj Al Salam will have eateries, coffee shop and retail outlets, tailored to add value to the daily business needs of tenants. You would be advised to get in quick as its prestigious location and excellent facilities mean it will fill in soon.
I’m an owner-operator and want the convenience of living close to my office. What options to I have right now?
A villa might be the best option in this circumstance. Verve Jumeirah Villas on Al Wasl Road in Umm Suqueim overlooking the Burj Al Arab is ideal for banks, clinics, beauty centres, specialty fashion houses and even spas looking for high visibility in a well-established residential area.
A cluster of six exquisitely built commercial villas and six residential villas, Tameem is perfect for executives with families as there are numerous international schools, community malls and beaches close by. The residential villas at the back are stunning family homes with five bedrooms (all en-suite) and a landscaped garden with private pool.
My business relies on attracting great people and creating a happy team, so I want my business to be close to everything and close to transport. What are my options?
Being in the heart of the action is a great way to add a halo of desirability to your business. A great example is Concord Tower. It’s right in the heart of Media City in a well-established, well-run office building overlooking Sufouh and Palm Jumeirah. Here, DED-licensed businesses can enjoy the proximity to New Dubai and the vibe of Media City with spectacular views.
You’ll find fitted and shell-and-core office space of all sizes readily available, so you can get moving right away or take your time and design a perfect working environment to suit your business. When the tram starts operating in November, your employees, suppliers and clients can get to you easily as one of the stations is right in front of the building.
So how do I get started?
Working with experienced consultants who can quickly understand your needs is essential. At Betterhomes, we do the hard work looking for great value and the ideal location for you and can even offer you insights you may not have even considered.
To find out more about renting or buying commercial premises with Betterhomes, call 600 52 2233 or visit www.bhomes.com and we’ll ensure your business finds the home it deserves.