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Commercial Property In Dubai – A New Way To Look At Real Estate Investment In Dubai

Since the government opened up the real estate market in Dubai to foreigners’ in 2002, there has been a veritable explosion of property sales with prices escalating dramatically every year. One often overlooked, and increasingly attractive area is commercial property in Dubai.

Most of the focus of the real estate boom has been in high-end luxurious residential properties but experts these days point to investment in commercial property in Dubai as the smarter option. Real estate web portal GoWealthy estimates that commercial property in Dubai could swell by up to 60% this year. Meanwhile the UAE Daily Emirates Business 24/7 reported on Mar 31st that there could be as much as a 325% shortfall in availability of commercial property in Dubai in 2008.

Whilst commercial property in Dubai enjoys little of the glamour of the more high profile residential properties, these numbers clearly speak for themselves. The media hype surrounding some of the more high profile developments has contributed to investors neglecting to keep up with the demand for commercial property in Dubai. Further increasingly companies from around the world are looking to headquarter, or at least have an office, in this relatively, stable tax haven.

Commercial property developments in Dubai also cater to the countless workers from poorer countries that flock to Dubai in search of work. These far outnumber the expatriate managers from richer countries who eschew commercial property in Dubai in favour of the many upscale residences available.

An investor looking at commercial property in Dubai should be careful to ensure that the properties can be owned by foreigners as not all commercial property in Dubai can be purchased by non-citizens. Even in this investor friendly country, as with any real estate purchase overseas, anyone looking to invest into commercial property in Dubai should consult with professionals before putting their money down.

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