Shops & Retail Spaces for Rent In Dubai, UAE (2024)

Dubai is a thriving commercial hub that attracts businesses from all over the world. If you're looking to start a business or expand your existing one, there are plenty of retail spaces available for rent in Dubai. In this blog, we'll take a look at some of the top locations for shops and retail spaces for rent in Dubai in 2023.

Dubai Mall

The Dubai Mall is one of the largest shopping malls in the world, featuring over 1,300 retail outlets. It is located in the heart of Downtown Dubai and is a prime location for businesses looking to attract both locals and tourists. The mall features a range of retail spaces for rent, including small kiosks, mid-sized shops, and large flagship stores.

Mall of the Emirates

Mall of the Emirates is another popular shopping mall in Dubai, featuring over 700 retail outlets. The mall is located in the Al Barsha neighborhood and is easily accessible by car, taxi, or public transportation. The mall offers a range of retail spaces for rent, including small shops, kiosks, and large flagship stores.

City Walk

City Walk is a mixed-use development located in the Jumeirah neighborhood of Dubai. It features a range of shops, restaurants, and entertainment options, making it a popular destination for both locals and?tourists. The development offers a range of retail spaces for rent, including small boutique stores, mid-sized shops, and large flagship stores.

Dubai Festival City Mall

Dubai Festival City Mall is a popular shopping mall located on the Dubai Creek waterfront. It features over 500 retail outlets, as well as a range of dining and entertainment options. The mall offers a range of retail spaces for rent, including small kiosks, mid-sized shops, and large flagship stores.

The Beach at JBR

The Beach at JBR is a popular outdoor retail and dining destination located in the Jumeirah Beach Residence neighborhood. It features a range of shops,?restaurants, and entertainment options, making it a popular destination for both locals and tourists. The development offers a range of retail spaces for rent, including small boutique stores, mid-sized shops, and large flagship stores.

Overall, Dubai offers a range of retail spaces for rent in some of the most popular shopping destinations in the world. Whether you're looking to open a small boutique store or a large flagship store, there are plenty of options available to suit your needs and budget. With its thriving commercial landscape, Dubai is an ideal location for businesses looking to grow and expand.

HOW MUCH DOES IT COST TO RENT A SHOP IN DUBAI MALL?

The cost of renting a shop in Dubai Mall can vary depending on several factors, including the location of the shop, the size of the shop, and the type of business.

As of 2023, the rental rates for shops in Dubai Mall can range from AED 1,000 to AED 5,000 per square foot, depending on the location of the shop within the mall. Shops located on the ground floor or near popular attractions, such as the Dubai Aquarium and Underwater Zoo, tend to be more expensive than shops located on upper floors or in less trafficked areas.

In addition to the location, the size of the shop can also affect the rental rate. Larger shops, such as anchor stores, tend to have higher rental rates compared to smaller kiosks or boutique stores. This type of business can also play a role in the rental rate, with luxury brands typically commanding higher rental rates compared to mainstream brands.

Overall, the cost of renting a shop in Dubai Mall can be quite high, especially for businesses looking to establish a presence in a prime location. However, with its high footfall and reputation as a premier shopping destination, many businesses consider the investment to be worthwhile in terms of exposure and potential revenue. It is important to do thorough research and budgeting before making any decisions on renting a shop in Dubai Mall, to ensure that it is a financially viable option for your business.

Retail Spaces Rental Rate AED Range

The rental rates for retail spaces in Dubai vary depending on several factors, including the location, size, and type of business. However, as a general guideline, here's an approximate range of rental rates:

• Small Kiosks: AED 1,000 to AED 3,000 per square foot
• Mid-Sized Shops: AED 2,000 to AED 4,000 per square foot
• Large Flagship Stores: AED 4,000 to AED 5,000 per square foot

For booking & details browse our?website?or visit our office in Al Barsha, Dubai. Our team would love to work with you!

Which upcoming commercial project in Dubai offers the highest expected ROI?

List of Dubai's upcoming commercial projects where you can invest now and get the highest ROI:

1. Sobha Waves Opulence

• Location: Sobha Hartland, Mohammed Bin Rashid City, Dubai
• Type of Project: Mixed-use development
• Number of Units: 252
• Completion Date: Q3 2025
• Expected ROI: 29.4%

Key Features:

• Located in the heart of Dubai's new financial district
• Direct access to Dubai Mall
• World-class amenities, including a swimming pool, gym, and spa
• Stunning views of the Burj Khalifa and Downtown Dubai

2. Sobha One

• Location: Sobha Hartland, Mohammed Bin Rashid City, Dubai
• Type of Project: Mixed-use development
• Number of Units: 381
• Completion Date: Q4 2026
• Expected ROI: 25.9%

Key Features:

• Located in a prime location near Dubai Mall and Downtown Dubai
• Luxurious apartments with spacious balconies
• State-of-the-art amenities, including a fitness center, swimming pool, and children's play area
• Panoramic views of the city skyline

3. DAMAC Hills 2

• Location: DAMAC Hills, Dubai
• Type of Project: Mixed-use development
• Number of Units: 5,000
• Completion Date: Ongoing
• Expected ROI: 20% to 30%

Key Features:

• Located in a master-planned community with a golf course, lake, and parks
• A variety of apartments and villas to choose from
• Excellent amenities, including a swimming pool, gym, and spa
• Close to Dubai Mall and Downtown Dubai

4. City Walk

• Location: City Walk, Dubai
• Type of Project: Retail and entertainment destination
• Number of Units: N/A
• Completion Date: Ongoing
• Expected ROI: 15% to 25%

Key Features:

• A vibrant mix of shops, restaurants, and entertainment venues
• Located in a popular tourist destination
• High footfall and excellent visibility
• Potential for capital appreciation

5. Dubai Festival City Mall

• Location: Dubai Festival City, Dubai
• Type of Project: Retail mall
• Number of Units: N/A
• Completion Date: Ongoing
• Expected ROI: 10% to 20%

Key Features:

• A major shopping destination with over 500 retail outlets
• Located in a growing area with a large catchment population
• Strong tenant demand and good footfall
• Potential for capital appreciation

These are just a few of the many upcoming commercial projects in Dubai that offer attractive investment opportunities. When making an investment decision, it is important to consider your individual risk tolerance and financial goals. You should also conduct your own research and speak to a qualified financial advisor before making any commitments.

Please note that the expected ROI figures are based on current market conditions and could change in the future. Past performance is not a guarantee of future results.

Frequently Asked Questions (FAQs)

What factors influence the rental rates for retail spaces in Dubai?

Several factors influence rental rates, including:

1. Location: Prime locations, such as the Dubai Mall, command higher rental rates.
2. Size: Larger spaces generally have higher rental rates.
3. Type of Business: Luxury brands typically command higher rental rates than mainstream brands.

What are the benefits of renting a retail space in Dubai?

Dubai offers several benefits, including:

1. Thriving Commercial Landscape: Dubai provides a dynamic environment for business growth.
2. High Footfall: Popular locations attract a large customer base.
3. Diverse Consumer Base: Dubai caters to a diverse range of customers, both locals and tourists.
4. World-Class Infrastructure: Dubai boasts excellent infrastructure and connectivity.

What are some additional considerations when renting a retail space in Dubai?

1. Business Plan and Strategy: Clearly define your target audience and business objectives.
2. Financial Viability: Ensure the rental costs align with your business's financial capacity.
3. Legal Requirements: Comply with all applicable regulations and obtain necessary permits.
4. Marketing and Promotion: Develop a strategic marketing plan to attract customers.

?? What is the Cost of Renting a Shop in Dubai Mall?

Considering renting a shop in Dubai Mall? Here's a breakdown of the costs as of 2023:

• Rental Rates: AED 1,000 to AED 5,000 per square foot.
• Factors Influencing Costs:
• Location: Ground floor or near attractions tends to be pricier.
• Size: Larger shops command higher rates.
• Type of Business: Luxury brands often have higher rental rates.

Which is the cheapest area in Dubai for rent?

Cheapest Area in Dubai for Rent: The International City is considered one of the most affordable areas for rent in Dubai, offering budget-friendly options for residential and commercial properties.

What is the average retail rent in Dubai Mall?

Average Retail Rent in Dubai Mall: The average retail rent in Dubai Mall varies depending on factors such as location within the mall, size of the space, and other specific requirements. It is recommended to contact the mall management or a reputable real estate agency for the most up-to-date information on retail rent in Dubai Mall.

What is the minimum monthly rent in Dubai?

The minimum monthly rent in Dubai can vary, but on the lower end, you might find options starting from around AED 2,500 per month, depending on the type of accommodation and the area you are considering.

Which of these projects has the highest expected ROI?

Sobha Waves Opulence boasts the highest expected ROI among the listed projects, with an impressive rate of 29.4%.

What are the key features of Sobha One?

• Located in a prime location near Dubai Mall and Downtown Dubai
• Luxurious apartments with spacious balconies
• State-of-the-art amenities, including a fitness center, swimming pool, and children's play area
• Panoramic views of the city skyline

What type of development is DAMAC Hills 2?

A mixed-use development with a variety of apartments and villas to choose from

What is the expected ROI for City Walk?

The expected ROI for City Walk in Dubai is estimated to range from 15% to 25%.

What are the potential benefits of investing in Dubai Festival City Mall?

• A major shopping destination with over 500 retail outlets
• Located in a growing area with a large catchment population
• Strong tenant demand and good footfall
• Potential for capital appreciation

Conclusion:

Dubai, a global commercial hub, presents an array of opportunities for businesses seeking retail spaces. With its diverse range of locations, rental rates, and potential customer base, Dubai offers a platform for businesses of all sizes to thrive. By carefully considering the factors influencing rental rates and conducting thorough research, businesses can make informed decisions that align with their specific needs and goals.

CTA: Ready to make your mark in Dubai's commercial landscape? Embrace the vibrant retail landscape of Dubai by exploring the diverse range of retail spaces available for rent. Contact us today to discover the perfect location for your business and embark on a journey of success in the heart of this dynamic city.

Visit our leading real estate office in Al Barsha, Dubai, London, UK, and Pakistan to explore further and connect with our team of experienced professionals. For more detailed information, read our article The Ultimate Guide to Renting a Kiosk in Dubai, UAE.