U.A.E Serviced Offices in Dubai
Unlike neighbouring countries in the Gulf, the United Arab Emirates has succeeded in showing that it is more concerned with the success of its economy than with the thorny issues associated with social politics. Serving as the commercial hub for the Arabian Gulf, the UAE has an open-door policy that is making it very attractive for companies wishing to conduct business in the region.
The transformations that are occurring in Dubai are on a scale that beggar belief. Thousands of cranes reach to the sky as buildings soar to reach new heights, and companies from around the world line up to acquire the licenses and office space necessary to claim their place in this dynamic and burgeoning market.
Serviced office space is extremely difficult to secure even though new business centres open on almost a monthly basis. Demand for serviced offices in Dubai remains high, and many new business centres are opening and expanding in reaction to this. Instant Offices forecasts that the number of business centres in Dubai will double over the next 12 months due to operator expansions, new centres opening their doors, and a number of new operators establishing a presence in the region. Average occupancy rates have increased over the last quarter by 28%, with many centres now at 98% or above occupancy level (September, 2008).
Prices in Dubai are also continually on the rise, with average workstation prices now up to an average of AED 6500 per month, making Dubai one of the top five most expensive cities in the world for a serviced office. Seemingly, this is doing nothing to deter interest in the area, however.
Dubai Serviced Office Snapshot
- Serviced office operators: 9
- Serviced office locations: 14
- Total workstations: 2000+
- Average rent: AED 6500 per workstation per month
- Availability: Extremely limited
With advanced planning, Instant Offices’ extensive knowledge of these cities and excellent relationships with local and international operators, can help to ensure that you can find the perfect space to suit your business requirements. We can also help to guide you through the quagmire of cultural and legal aspects that are particular to the UAE.
Instant Offices offers a range of serviced offices in the United Arab Emirates, including in Dubai, Abu Dhabi and Sharjah. However, trade licences can affect where your business can be located. We realise that trade licences can be confusing for companies wishing to establish their business in the United Arab Emirates and so we are happy to provide answers to your most frequently asked questions to help you determine whether or not you need a trade licence.
The requirement for a trade licence depends on where you wish your business to be located. Without a trade licence, businesses can operate in "Free zones", for example, the Dubai Airport Free Zone and Dubai Silicon Oasis. If you wish to locate your business in a "No Free Zone" however, you will be required to apply for a trade licence if you do not already have one.
There are three types of licence issued by the Dubai Economic Department:
- Professional licences which primarily cover businesses in the service sector
- Commercial licences which cover all trading activities
- Industrial licences which include manufacturing companies.
Trading licences are issued by the Dubai Economic Department, but you may require further approval from relevant authorities or ministries. For example, financial companies should seek approval from the Central Bank of the UAE. In general, commercial companies in Dubai should be registered with the Dubai Chamber of Commerce and Industry. If you require assistance in the process of applying for trade licenses, please click here.
Serviced Offices United Arab Emirates