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Discover your dream property in Dubai.
As a landlord in Dubai, it is crucial to navigate the strict regulatory landscape. It's essential to familiarize yourself with the required documentation for both you and your tenants, as well as understanding the Tenancy Laws. A thorough grasp of the current rental process in Dubai is also crucial. Our team is committed to offering professional guidance throughout the process, ensuring a comfortable and secure transition for you. We handle everything with the utmost care, right up until you move in.
For more detailed advice and support on buying off-plan properties in Dubai, reach out to Gaia Living Real Estate.
Commercial properties in Dubai include office spaces, retail shops, warehouses, industrial units, hotels, and mixed-use developments.
Consider factors such as location, accessibility, infrastructure, demand, rental yields, potential for capital appreciation, and the legal framework governing commercial real estate transactions.
Commercial lease terms in Dubai vary but are often longer compared to residential leases, ranging from 1 to 10 years, depending on the type of property and negotiation between the parties.
While some commercial properties may have flexible usage permissions, most are designated for commercial activities. Converting commercial properties into residential units requires obtaining relevant approvals from authorities.
Legal procedures include drafting and signing lease agreements or sale contracts, conducting due diligence, obtaining approvals from relevant authorities, and registering the transaction with the Dubai Land Department.
Popular commercial areas include Downtown Dubai, Business Bay, Dubai Marina, DIFC (Dubai International Financial Centre), JLT (Jumeirah Lake Towers), and Dubai Silicon Oasis.
While there are restrictions on foreign ownership of land in Dubai, foreigners can own commercial properties in designated freehold areas or through leasehold arrangements in specific zones.
Costs include base rent, security deposits (usually equivalent to multiple months' rent), service charges, municipality fees, agency fees (typically 5% of the annual rent), and any fit-out expenses.
Businesses operating from commercial properties must obtain relevant licenses from the Department of Economic Development (DED) or free zone authorities, adhering to specific regulations and zoning requirements.
Partnering with reputable real estate agencies like Gaia Living Real Estate can simplify the process. They can provide expert guidance, access to a wide range of commercial properties, and assistance throughout the leasing or buying process.
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