| Dubai real estate is witnessing a number of | | | | prospect of particularly high rents in prime |
| changes in the commercial sector.One of the | | | | locations tend to lease a small space suitable for |
| emerging trends in the commercial property | | | | client meetings in the Central Business District so |
| market is the conversion of warehouse space to | | | | as to boast an address on a prestigious location |
| office premises. Companies that require large | | | | such as e.g. Sheikh Zayed Road, and move their |
| open plan spaces, such as advertising or | | | | operations to a secondary location where rents |
| marketing companies have been seen to lease | | | | may be more affordable e.g. Garhoud, thus |
| warehouse space and easily transform it into | | | | effectively saving on huge overheads.Thus, supply |
| efficient office space. This provides a cost | | | | of the real estate market in Dubai is shaping up to |
| effective solution for businesses that need to be | | | | meet the property demand.This article has been |
| near the business centre but may not wish to | | | | sourced from the 'Better Homes Commercial |
| pay the premium rates of prime location office | | | | Review, June 2006' issue - the quarterly |
| space. Warehouse rental rates suitable for office | | | | newsletter of the Better Homes Commercial |
| conversions fluctuate between 40-65AED per sq. | | | | Advisory Division, Dubai, UAE. Better Homes has |
| ft (warehouse space rent exclusively used for | | | | been extensively involved in the leasing of large |
| storage purposes averages 28-35AED per sq. ft), | | | | commercial projects in UAE over the past few |
| whereas rents in the Central Business District | | | | years and now shares this knowledge and market |
| (CBD) may be 225-250AED per sq. ft.The | | | | information through this quarterly Commercial |
| property market in Dubai is tight and therefore | | | | Review.Visit for buying, selling, renting, investing, |
| the concept of Split Offices has come into being. | | | | managing and short-term renting your Dubai |
| Many professional services firms, faced with the | | | | property. |