Since economic and financial considerations are dominating every sphere of development in the UAE, if you are intending to set up businesses in major city centres
property rent rates have gone up significantly. Here the silver lining is that if there is demand from many businesses, then the property will be rented out to the highest bidder. Even the bidding process is most often getting completed at a faster pace.
Even though property rents do follow the pattern of demand and supply, due to continuing demand and the existing supply not meeting this demand, property rent is going up with each passing year. Since the UAE is attracting investments from other parts of the globe and especially since there is much investor confidence, businesses do not mind paying such a high rent.
Next to the key business houses are the small and medium businesses. Due to the relaxation in rules and regulations any migrant can set up a business with little paper work. Thus, a migrant businessman is seen to be creating job opportunities for not only the native people but also for other migrants. Thus, the demand for property and living spaces is seen to further escalate. Along with this, property rents go up significantly due to continuing demand.
As of now the prominent city centres are out of bounds for small businesses. The rent rates have gone up significantly and the high profile businessmen alone can afford such rents. Thus real estate developers and the prominent property portals are vying with one another to provide the best for their customers.
