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R E 4cIn the last five years, investment in commercial property in Dubai by Pakistani investors has increased by approximately 15%. This is primarily due to the fact that purchasing and renting property in Dubai is relatively easy for Pakistanis, and the expected return on investment (ROI) on commercial property is quite high.

Popular commercial property options include:

Office space can be purchased and rented in several high-rise buildings; popular commercial pockets include Business Bay (where several buildings are under construction), Dubai Creek, Sheikh Zayed Road and TECOM. Sheikh Zayed Road is of particular interest to Pakistani investors because office space there is smaller (and therefore more affordable) compared to the other areas.
Covered area range: 600-7,000 square feet
Monthly rental range: AED 68-98 per square foot
Purchase price range: AED 1,100-1,300 per square foot

Retail space in malls continues to be a popular option among investors. Most malls in Dubai have anywhere from 300 to 1,200 retail spaces available; malls where retail space is in high demand are located on Dubai Creek, Dubai Marina, Financial Centre Road, Jebel Ali and Sheikh Zayed Road.
Covered area range: 628-5,500 square feet
Monthly rental range: AED 300-1,600 per square foot
Purchase price range: AED 1,000-1,800 per square foot

Standalone shops and showrooms are being established in several residential areas, including Dubai Investment Park, Dubai Marina, Jumeirah Village and Palm Jumeirah. All are attracting investors because they are comparatively cheaper than retail spaces in malls. However, most of these are currently under construction.
Covered area range: 628-5,500 square feet
Monthly rental range: AED 80-200 per square foot
Purchase price range: AED 1,000-1,300 per square foot

Facilities available in all three commercial property options include: Cargo lifts, central air conditioning, internet access, maintenance, parking space and round-the clock-security.

– Uzma Nawaz
Information provided by Tariq Bajawa, a real estate expert based in Dubai.

First published in the Real Estate Section of The DAWN National Weekend Advertiser on April 6, 2014.

 

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