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