I am looking to buy in the business bay but am not sure. on a recent trip i saw adverts for office space for 1000 aed/sq ft up to 2200 aed sq/ft. How can the difference be so much. Would you consider commercial office space a good investment and what kind of rent do you thick is achievable in early 2009 when some of these projects will be completed.

Business Bay is going to be the financial hub of not just Dubai but the Middle East. Its a great investment and rental returns here will be great.

For office space, its the best, today's newspapers said that rents for offices in UAE and qatar is going to increase by 20 % in 08.So sooner completing the better,since the ratio of supply and demand is high now.

what kind of returns do you think will be achievable in early 2009 from business bay ? i was told rents will vary from 300-400 aed per square foot ? would anyone recommend whether to buy 1000 square feet of space or go for something slightly bigger

bigger the better,but rents might not go that far in 09.But it will be one of the best locations for corporate offices ,think about a multinational bank or industry renting your office so how big would they prefer ?

For argument sake, If my entire fortune was a billion pound, I wouldn't hesitate in putting 900M in Business Bay as an area. [90% of my entire capital shows how much faith I have in it, and how much I beleive it to be an extremely LOW risk investment, and the best in the world today!]

I'll probably spread it between several developers, and will only use the largest names to avoid surprises from new-comer and smallish developing firms.

Rentals will keep increasing for few years, and I expect the government to end up having to put a cap towards the increase per annum similarly to what was done for the residential properties after the huge rental increase in 2003/2004. In 2005, the Gov capped the increase by 15% per annum, and then in 2006 it lowered the cap to 7% every 2 years! But that's to stabilize the market which was going out of control with those increases, and making Dubai harder to live in if it was to keep soaring at that rate!

I am employed by DAMAC Properties, and work in their Mayfair office. Feel free to pm me if you wish to hear about our availabilities there, and I'll be happy to go into more details if you wish to. We can arrange to speak over the phone for a start, and I can also go through a powerpoint presentation that I have designed specifically for commercial investments in Dubai! [it includes facts and figures of capital growth there for the past years, and the projections for the future will be left for the investor to imagine once enforced with the full pack of information that we can provide]

Regards,


Rammah

Go for an office, they will be in incredible demand when completed. I have personally recieved many enquiries from individuals wishing to rent office space. Business Bay will be THE place to be for any company, and they shall be willing to pay a premium rental to be there. If you wish to sell it on, on completion then it will give equally great returns.

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Its crazy! It's a pure advertising here in Dubai Forum in all the topics!

DAMAC is the worst developer in Dubai by far, just ask people who bought from there!

Why there are so many agents from DAMAC on this forum? Check out all the threads - they are everywhere! My GOD! Stop selling, people want proper advices!

Did you buy from DAMAC? If so, please elaborate on your experience instead of throwing general statements.

We can only sell if there are people looking to buy.

Ask, call or visit us personally for advice. We do give plenty of time for people only looking for advice.
If you're in the UK, I would like to take this opportunity invite you to visit me in London Mayfair branch on Thursday 27th. It's clear you won't buy from DAMAC, but I'm happy to spend time giving you my opinion on any Q you may have.

Thanks
Rammah

Ginger is right actually.This forum should not become an agent owned / backed / run platform,rather a genuine helping and advicing forum.I thought administrators wont allow putting ads like DAMAC guys are putting.Really Administrators should do something to maintain the prestige that forum had before for those people who are new and unaware of agent tactics to guide and teach them selflessly.Now it looks like we are watching DAMAC website.