Dubai is one of the few global economies that offer a highly competitive marketplace with certain key benefits for a business to operate in. This includes economic stability, strategic location, competitive cost advantages and world class public and private infrastructure.
The continued focus on infrastructure in Dubai ensures that the commercial market remains robust with high performing primary and secondary office markets. Business Bay continues to be one of the leading business districts in Dubai along with Jumeirah Lake Towers (JLT), Sheikh Zayed Road and World Trade Centre.
Business Centres in Dubai:
There has been a growing demand from various sectors including SMEs (Small & Medium Enterprises), startups, MNC branch offices and others for high quality business centres in Dubai, which offer the best in class in terms of workspace quality, business services & facilities and fully equipped meeting and conference rooms. Such high quality business centres or co-working offer solutions for businesses by providing self-sufficient, cost effective and world class office spaces and are located in premium business districts in Dubai such as:
Sheikh Zayed Road:
Sheikh Zayed Road has seen a rise in delivery of office spaces with high visibility and access. This has led to a decent traction in interest from various business including some co-working firms or business centres. However, interest from premium corporate firms in this district has been limited as these firms prefer premium offices spaces and business centres in core commercial districts.
World Trade Centre:
Avenues such as One central in Dubai World Trade Centre have seen a steady delivery and absorption of office spaces in the recent past. There is also a rising demand of freezone licensing options in this district. Some businesses are also taking up the option to work out of both the freezone and offshore areas within World Trade Centre, including co-working firms.
Jumeirah Lake Towers (JLT):
Secondary business districts such as JLT offer various options to business in areas such as Almas Tower and Mazaya Business Avenue at decent rental levels and other incentives for its tenants. Both office and mixed-use spaces in JLT have seen steady occupancy levels over the past few years, including business centre firms that offer various facilities, office types and meeting & conference rooms.
Ongoing infrastructure improvements and overall development of the region in and around Business Bay has further increased the interest in this micro market with a growth in demand for shared office spaces and business centers to conduct business meetings and operations from a premium office space in the heart of the city. Premium co-working firms such as Ascendris business centre, operating out of Burlington tower offer various advantages to clients in terms of facilities offered and proximity to the metro station at cost effective price points. Ascendris offers various solutions for businesses such as fully furnished offices, virtual offices and high quality meeting and conference rooms with world class office facilities and a convenient online booking facility to provide complete solutions for businesses. Ascendris also offers solutions for clients who want to setup their business in Dubai or in other parts of UAE, through close-knit partners in its wide network across UAE.