Renting out an office space in Dubai is mandatory for mainland companies to obtain a trade license. However, apart from being a regulatory compulsion, having a reputed physical address in Dubai will boost the business prospects of entrepreneurs. The process of selecting the right office space in Dubai is an arduous task for the startups due to the rental structure in the emirate. However, choosing the right office spaces in Dubai could be simplified by using a five-pronged approach.
Consider the following five factors while choosing the right office space for your business in Dubai.
The address of your office space in Dubai matters a lot and will have a great impact on your business growth. Try to rent out office space from the best business centres in Dubai that are located in prime locations like Business Bay, Sheikh Zayed Road, Maktoum street or Garhoud in Deira, Khalid bin Walid Road in Bur Dubai, JLT, Barsha Heights, Satwa and Karama. Don’t let your clients and employees have a long drive to reach you. If the office space is at a remote location, your clients won’t visit again and the employees will lose out on productivity.
As an entrepreneur, you should analyze the product on offer against your actual requirement for setting up a business in Dubai. Business centres in Dubai provide a variety of options to choose from and you should ensure that what you get is what you actually want. If you are a tech startup, the office space must be digitally sound enough to support your company’s needs. All the amenities such as high-speed internet, robust telecommunication systems, etc. should be readily available in the office space in Dubai.
If you are keen on having an office space in Business Bay or any other prime location in Dubai, you will be aiming at attracting high-profile clients. So, you will need an office space with a slick and professional look apart from the desired infrastructure. Analyze the office space in Dubai you are offered to check the facilities match your business requirements. To arrive at a better decision of choosing the right business centre in Dubai, base your preferences on your business activity and consumer base.
Price is a great factor in deciding to select the business centre of choice in a buzzing city like Dubai. The office space in Dubai you have chosen should be flexible enough to let you meet your company’s daily expenses. While renting an office space in Dubai you are likely to incur expenses on furniture, utilities, etc. If you are tight on a budget there are many other flexible options that business centres in Dubai provide you with.
Subletting is a major option where you can rent office space from another company. Though this option is generally considered as cost-efficient, there are some key disadvantages. The restriction on space will be a huge problem when your business grows and you will be forced to find another premise. You also have another option where you can rent out a larger space in any of the business centres in Dubai and share common facilities.
Before renting investors should check with the Civil department at DED about the business to be carried out from the office/warehouse. Certain activities are not allowed due to the nature of the activities and for certain activities, shops are required instead of the office and vice versa.
Investors are required to check whether the office space they are planning to rent is situated in buildings that are freehold properties owned by the free zones or not. If the office space you are about to rent is inside the business centre owned by a free zone it fails to meet the office space requirement for a mainland company. In such cases, the DED will deny the trade license for your proposed company. For example, business centres or buildings owned by the DMCC free zone in the JLT area does not satisfy the DED requirement of physical office space.
You have rented out a serviced office space in Business Bay and the business centre has provided you with the best facilities, except ample space for parking the vehicles. Checking for ample car-parking facilities in Dubai is a key factor in choosing the right office space. You should take care to ensure that your clients will get sufficient space in the business centre in Dubai (close to banks and Metros) to park their cars.
Securing a great office space with all the amenities plus an affordable price in Dubai is likely to give you a great sense of achievement. However, instead of jumping into the great business centre deal, you have to think for a moment to weigh your options. It may be the first office for your small business or startup in Dubai, but you are not going to stay ‘small’ forever.
If everything goes as per your business plan in Dubai, an expansion will be on the horizon soon. A likely expansion will force you to scout for a better business centre in Dubai that offers you more space and facilities to accommodate more employees and conduct more client meetings. You need to consider such possibilities and inquire whether the business centre has the capability to offer you more facilities or better office space in the future in case of potential expansion.
As per the regulations of the Dubai Economic Development (DED), the investors need to have a valid physical office address to obtain a trade license in Dubai. Having an office space in Dubai’s prime locations is likely to uplift the business prospects, but the rent may not often be affordable to startups and small businesses. This is where Jitendra Business Consultants (JBC) comes to the rescue of entrepreneurs with affordable office space solutions. JBC’s business centres in Business Bay and other key locations in Dubai offer ultra-modern facilities to entrepreneurs. Be it co-working spaces or full-fledged office spaces, JBC has the best offers for you.
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Sharjah Media City, Sharjah, United Arab Emirates
Mobile: +971 50 644 3537