During the last two decades Dubai has witnessed significant growth in almost every sector; be it tourism, infrastructure or business. In fact, it stands among the top 10 most important locations for branches of international companies. At such growth where new businesses keep pouring in, the search for a suitable office space has become a hassle. One statistic predicts that it might get even tougher by 2020 as almost 200,000 new companies are expected to be incorporated.
But for a company, it is very important to get an office space which fulfills all its requirements. If the office space or location is not satisfactory, your employees will be de-motivated and it will hamper their performance. But the problem is that Dubai has never fulfilled its supply of satisfactory office spaces. There has always been a lack of commercial office spaces. The tough spot is finding a place which fulfills all business requirements and all the facilities a company wants.
Due to this unavailability of commercial office spaces, some companies opt for offices in buildings which are licensed for mixed use. Buildings licensed for mixed use have both commercial and residence spaces which create the facility struggle. There is no parking for visitors, no reception services and most of all it doesn’t give a professional vibe.
A partial solution to this problem has come up and it is fairly popular among international companies who immediately look for office spaces fulfilling all their requirements. Something called Serviced offices has been a savior for such companies. A serviced office basically provides all kinds of services to the company who rents that office. For instance, X Ltd. is a small company which needs to run its operation in a week. Now they don’t exactly have a service staff that can take care of the whole office. This is where serviced offices come in. X Ltd. can rent a fully serviced office space from a serviced office provider and it can select services like reception services, IT support, cleaning staff etc.
This has made the job of multinationals so easy because they don’t have to hunt for office spaces and get into the whole big negotiations. They can get a fully functioning office in no time and start working without wasting precious time. The fully furnished office spaces that serviced offices provide have been a big hit and are continuing to do well.
Having a satisfactory office space is the key in professionalism, especially, when you are dealing with clients on a regular basis. Even while you are conducting interviews for potential staff, it is important to have a professional office space as that is the factor the latter will judge you on.
Here are some factors you should consider before renting or buying an office in Dubai:
• Financial situation: Make sure your cash flow and financial situation is strong enough to afford that office space.
• Proximity: Depending on your market, you should always look for an office space from where your potential market can be easily accessible.
• Fulfilling furniture requirements
• Long-term business plans: Always make sure that your long term plans will complement your office space.