Warehouse for rent in Dubai
Dubai the smartest city of the world has now turned into a great industrial hub. All the major countries of the world are investing in this industrial city. It is also estimated that there will be an abrupt increase of economic growth within few years. The concept of warehouse is quite common and popular in Dubai. Especially after the announcement of EXPO 2020 Dubai has now started drawing the attention of many big business houses.
Concept of warehouse in Dubai
Warehouses are generally storage houses where goods can be stored safely. A recent study has established the fact that areas like Al Qouz and Ras Al Khor witnessed a high demand of renting warehouses. Usually Dubai Investment City or DIC has offered land lease of many industrial zones. Besides this it also provides the option of leasing the readymade built warehouses for industrial and logistic storage at a rate of AED 28-32 sq. feet per annum.
Reasons for renting warehouses in Dubai:
There are many reasons of warehouse for rent in Dubai: It has been found that warehouse for rent in Dubai has been rising continuously.
Industrial warehouse for rent in Dubai has grown by 4%. This is because there was a great shortage of good quality of industrial space for storing the goods.
As Dubai is considered as the Gateway of trade and business most of the companies prefer to rent a warehouse in Dubai. Compared to other countries of the world Dubai has well developed road connectivity and good communication system.
Dubai Investment Park or DIP has huge demand of warehouses because of its excellent infrastructure and warehouses of any size. Besides this the place has close proximity to Jebel Ali Port and Al Maktoum International Airport. Hence goods can be easily transferred to any location.
Besides this if you look towards for small warehouse rent in Dubai then there is also a option for that. Dubai Investment Park also provides small warehouse rent in Dubai which ranges from 464 to 929 sq. Cm. This type of warehouses is extensively used for cool, chemical as well as light industrial storage.
There are also provisions of cheap warehouse for rent in Dubai. During the previous year Jafza witnessed a rise of 29% of rental increase for its favourable location in Dubai. Moreover it was also decided by the global suppliers as the most convenient place of trade. The capital value increased about AED 250-300 per square foot in this region. Dubai Investment Park also witnessed a rise of 40% in warehouse renting which is really higher. Besides this there are many food and beverage companies who are demanding for renting a warehouse in Dubai.
Hence before concluding it can be remarked that slowly Dubai is turning as a great place for trade. It has been presumed that within a few years the place will be an excellent business hub. It is the perfect time to invest in Dubai.