This article was originally published in Propertyfinder Trends 2017, Vol 3
Check out listings, leads, and price per square foot in the ten most popular communities in the country for offices, warehouses, and retail.
COMMERCIAL SPOT OF THE FUTURE: UMM RAMOOL, DUBAI
Starting from a low base, we’ve seen a steady increase in interest in Umm Ramool as more listings come onto the commercial market, driving more leads. With a median price per sq ft of AED 45 for a warehouse, it’s not the cheapest option on the market, but this community’s proximity to the airport makes it an attractive spot to set up business.
Whereas many warehouse locations have seen a decrease in price per square foot over the past 6 months, Umm Ramool has seen a 5.75 per cent increase.
Asking prices to rent warehouse space is competitive, but Emirates Modern Industrial offers a relative bargain at AED 22 per square foot, less than half of the most expensive offering in Al Quoz (AED 49 per square foot).