How to Get A Shop In Dubai?
UAE’s shopping capital, Dubai, is truly a shopper’s paradise that offers duty-free shopping to its visitors. With numerous shops, shopping malls, and souks, one could easily find their favorite and best products at unbeatable prices. From basic stuff such as clothes and jewelry items to mobile phones and furniture, there is nothing that one cannot find in Dubai.
In short, an investment in a Dubai shop comes with reliable income and high ROI.
For those starting business in Dubai, below is Aeon & Trisl’s beginner’s guide to renting a shop in Dubai. Let’s take a look at it.
YOUR ULTIMATE GUIDE TO SHOPS FOR RENT IN DUBAI | HERE’S WHY IT’S WORTH INVESTING!
- Always consult first
Do you want to make an informed decision? If yes, then we suggest you must seek consultation and professional help from a Dubai property specialist. This is because there are certain requirements for renting a commercial space in Dubai that must be fulfilled to make a successful transaction.
Real estate agents are good at negotiating and can make you seal the best deal since they have more knowledge of market trends, renting and buying prices, and other important factors.
But before you hire a Dubai broker, make sure to research the commercial areas. Make a list of all the questions and inquiries about the potential of the location of the workplace for rent before you meet the agent.
Ask about the availability of transportation, rental payment checks, required authorizations, etc.
- Acquire the necessary paperwork
Sorting and verification of documents is a crucial step when going for investment in Dubai commercial properties. This assists you in taking the next right step, ensuring you are qualified to rent a shop in Dubai.
Note that the paperwork also includes the rental agreement/contract. Ensure that it includes all the terms and conditions of both parties. It is suggested to take the service of a real estate broker in this regard as they know what should be added and what not in a rental contract.
- Ensure, are you eligible to rent a shop in Dubai
To rent out a commercial shop in Dubai, you must possess a relevant trade license. The Dubai Economic Department (DED) is responsible for granting permits for domestic businesses.
- Free zone or onshore? Location matters
Renting a shop in Dubai requires a lot of consideration. Location is the most important of them all.
The entrepreneurs doing business in Dubai have access to several commercial licenses. Based on your license, you will be allowed to run a shop in specific areas. So, choose a location that suits your business perfectly.
It is always suggested to put in your research work before you finalize the location for a commercial activity in Dubai.
- Consider your budget
Before you finalize any shop in any locality, pay heed to your budget. Along with the annual rent, you will be needing to pay the security deposit and other associated costs as well. So don’t forget to take the budget into account when renting a commercial property in Dubai.
- Several types of lease agreements
Furthermore, when renting a shop in Dubai, consult a real estate agent for details about lease agreements.
There exist four types of lease agreements in the emirate, namely; Gross lease, Land lease, modified net lease, and Triple net lease.
Contact Aeon & Trisl for more information and details.
Final word
Especially for entrepreneurs, Dubai is offering ease of starting and running a business. Apart from being a shopping-loving nation, the tourism industry of the emirate pulls millions of visitors from all over the world thus allowing every business in the region to benefit from this great influx.
With Aeon & Trisl, you can find the perfect shop for your business with zero hassles. For a greater influx of customers, look for shops for rent in areas such as Jumeirah Lake, Business Bay, Downtown, Deira, etc.
For more information or free consultation, feel free to get in touch with us. We would love to hear from you!
SHOPS FOR RENT IN DUBAI
Being a trade-focused city, Dubai is further cementing itself as the region’s premier trading and shopping destination, so one should set up a shop wherever there’s availability. From the shops for rent in Karama in Bur Dubai to the free zone rental shops in JLT, Business Bay, and the Dubai Marina to the industrial area of Al Quoz and the exemplary Palm Jumeirah, there are opportunities to be found for every potential entrepreneur.
The shops for rent and sale in Dubai come in various sizes suitable for any purpose. Some investors might get to use the fittings installed by the previous tenants to their advantage.
To make renting a property in Dubai easier and protect the rentee’s rights, UAE’s government has introduced a rental increase calculator that could be used by both the landlords and tenants to determine whether a potential rental increase is permissible or not.
The emirate has the potential for commerce growth that only a few cities have. So start your shop hunt now and take your business to where you’ve always wanted it to be!
