Businesses of all sizes and working sectors have growth opportunities in the dynamic and diverse city of Dubai. However, in the midst of the numerous options you have, entrepreneurs still struggle to find the perfect office space for their business. The challenge is the same for all kinds of businesses, including small or medium enterprises, start-ups, and multinational corporations. An effortless way to find the perfect office space for rent in Dubai is to connect with a team with expertise in complete LLC company formation in Dubai, like Damaar Consultants.
Finding the right space for any business needs careful planning and research, considering the objectives, preferences, and ultimately the budget. Keep up with the information shared in the coming section of the blog to get some tips for finding the ideal office space for rent in Dubai.
Define your requirements.
Before making any business decision, you need a perfect plan. Defining all the requirements of your business is the right way to reach the perfect plan to rent out an office space. You need a clear idea of the space you need, along with the special facilities and amenities. The amount of time you are planning to rent out a space and the budget you have to spend on it over a specific period of time must not be overlooked. It’s time to start searching for the best office space rentals in Dubai if you have clear answers to all these questions.
Choosing the right location
Putting up a business anywhere in Dubai is not a fruitful move in terms of doing great business. You have to narrow down your list to the top-rated business locations in the vast spectrum of business locations in Dubai. The location you choose must have easy accessibility and convenience. Choosing a location with a good reputation is a great idea since the location will be filled with international companies. Some of the locations you can choose after considering the business nature and target market for your business include:
Iconic landmarks like Dubai Mall, Dubai Fountain, and Burj Khalifa are situated in the heart of the city, known as Downtown Dubai. Some of the most prestigious business hotels and towers are situated in this region. All these eye-catching amenities make it the perfect location for a business.
Startups and small or medium enterprises can consider this fast-growing commercial district. You can find several office spaces and co-working spaces to run your business in the business bay. It is a convenient location for businesses since it is located near downtown Dubai and DIFC.
Dubai International Financial Centre
DIFC is a free zone, with numerous firms providing professional services and financial institutions. Businesses can choose between premium offices and flexible workspaces. However, this location is not an option for Mainland companies since DIFC is for companies operating within the free zone.
Other major free zone locations with a variety of options for office rentals include Jumeirah Lake Towers and Dubai Silicon Oasis. Jumeirah Lake Towers offers great options for residential and commercial spaces. If your company mainly focuses on the technology field, Dubai Silicon Oasis (DSO) has the most advanced amenities that support tech companies and start-ups.
Compare your options
A thorough comparison by considering different factors from every possible angle should be done after narrowing down a list of your preferred business locations. Following are some of the major factors you need to consider when comparing different locations for your business in Dubai.
The price of the location
Without any confusion, budget is one of the main deciding factors when it comes to renting office space for any business. The need for price comparisons is obvious when you are trying to decide between multiple business locations for your company. The rate comparison process should go through several aspects, including rent rates, utility bills, parking charges, service charges, any extra charges, and more. You should never pick a place at first glance without getting enough information on the hidden or additional charges that may affect your budget in the future.
Quality of the location
An office space needs to offer the utmost quality, which refers to all the amenities and facilities along with maintenance. A thorough inspection of the space you choose should be done to find out if there is any wear and tear in the space. Other major factors you need to inspect include:
- Adequate lighting
- Internet connectivity
- Power backup
- Fire safety, and more.
Flexibility of the office space
The space you choose needs to be flexible to make it easier for future modifications of the space. Terms and conditions in the lease agreement for the space also come under the flexibility factor of the office space you choose. This is to avoid any penalties and hidden charges in the future.
Negotiate for the best deal.
Negotiating with the landlords of the different locations you shortlisted is the next step. Being flexible and realistic while preparing enough relevant information is what you need to take care of when bargaining with landlords. Some major points you can consider bargaining with include:
A common aspect that people negotiate over is the rental charges for office space. Lower rent prices, longer lease periods, a larger security deposit, and more are there to consider when negotiating for the best rental price. Any rent-free period discounts are also an option you can consider in the same case of rent negotiation.
Service charges and fit-out costs
Service charges include the money you need to spend on the maintenance and management of the common areas in the office space. You can break down the costs and ask for a waiver of unnecessary charges while pointing out unreasonable charges. Fit-out charges should also be included while negotiating to ensure the customization of the space according to your preferences without going overboard with expenses.
Confirm the best location for your business
Finalizing a space for your business after comparison, shortlisting, and negotiation ends with signing the lease agreement. You need to completely read and understand everything mentioned in any agreement you sign while choosing a location for the business. Any fee regarding the rental agreement should be paid only after verifying the documents and credentials with the landlord or agents.
You can get the perfect office space in Dubai for your business by considering all the factors mentioned in this blog. By knowing your requirements, you will be able to choose the right location and negotiate for the best offers that satisfy all your preferences and business needs.