Dubai, as a city has evolved in the last few years. It has become an essential business centre with a more dynamic and diversified economy. Dubai enjoys an excellent location and is the largest re-exporting centre in the whole Middle-east. About ninety-five per cent of Dubai's GDP is generated from non-oil-based sectors. So far, oil has been calculated for less than one percent of Dubai's GDP and tourism to produce twenty percent of the GDP.
Every entrepreneur wants to start his business at a location where the government is pro-business, supportive, with they can have access to the global market, world-class infrastructure and exciting business opportunities. If you want to start your business in Dubai, it can reap massive profit for you.
Lootah (Lootah Real Estate Development) is one of the prominent real estate developers, promulgated the launch of Senaeyat, a company that gives lease-to-own industrial warehouses for the businesses of various sizes.
The work-frame of Lootah
Situated in a significant industrial growth hub in Dubai, Dubai Industrial Park, Senaeyat is the very first to offer a lease-to-own model for the clients, in which they can have full ownership of the pre-built industrial warehouses within ten years.
Lootah has gathered three million square feet land for forty-nine years with the Dubai Industrial Park to establish Sanaeyat, an industrial warehouse development project in Dubai Industrial Park.
Saleh Abdullah Lootah's View
Saleh Abdullah Lootah is the CEO of the Lootah Real Estate Development said that they are pleased to provide the sustainable business model to various industries to help them convert their operational assets. His exact words upon this matter were "This signifies our commitment, not only to residents whom we have developed world-class residential projects for but to the business community as well,"
He also mentioned that they are looking forward to investing Dhs three hundred million on the 1st phase of the project that embracing of twenty units that has four different built-up areas -twenty thousand square feet, twenty-four thousand square feet, thirty thousand square feet and thirty-six thousand square feet. To cater to diverse market segments, especially aiming at the underserved market of small to medium-sized industries. The 2nd phase will have the same size, Additionally to more significant built-up areas- fifty thousand square feet and sixty thousand square feet.
Saleh conveyed his optimism over the Dubai business environment and adding that the city of wonders is a global business hub and is going ahead of the dynamic and visionary leadership of Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister and President of the UAE and Ruler of Dubai.
"We found that many vacant warehouse units are due to price mismatch in the market, so we made sure that Senaeyat keeps its portfolio at a reasonable price," added Saleh Lootah.
Saleh Abdullah Lootah said that Senayat project brought by Lootah Actively supports the Dubai Industrial Strategy 2030, enabling the growth for the industrial ecosystem, which is providing clients with an essential resource to achieve a short to long-term goals. Addition to that, Sanaeyat keeps its alignment with Dubai's expansion plans, placing clients in future growth areas.
According to the Saleh Lootah, Senayat's wide range of current specifications is an outcome to the growing demand for such warehouse present in the market as these European models aren't vastly available. The warehouses will also be ready-to-use upon handover.
Potential clients can also be profited from the warehouse's proximity to critical areas such as Maktoum Airport, Jebel Ali port, Expo 2020 site, and various significant highways such as Sheikh Mohammed Bin Zayed Road and Emirates Road.
Sanaeyat's location is also kept in consideration customs extended as because of its presence at Dubai Industrial Park. Thus potential clients can also cut down the costs if they go for the warehouse offerings.
Sanaeyat also offers the warehouses on the competitive to the counter the present fluctuating prices in the market. Lootah has been in the industry for an extended period, being one of the pioneer real estate companies in Dubai. It has built many major commercial and residential and has been setting standards for urban development.
Dubai Industrial Park, one of the biggest industrial and manufacturing hubs in Dubai, provides state of the art infrastructure and solutions for the business. The destination hosts over around two hundred fifty factories and more than seven hundred business partners in sector-specific zones.
Since inception, Lootah Real Estate Development has acted as the pioneering real estate development arm of the Lootah Real Estate Development has served as the pioneering real estate development arm of the Lootah Holding. Through a culture of excellence, it is estimated to provide the very highest standards of living, LRED has not only achieved, but also exceeded the most ambitious goals. Already over one thousand units have been delivered to the satisfied occupants, with upcoming plans for the future.
Lootah Real Estate Development has positioned itself as the leaders in innovation in the real estate development sector and according became the lifestyle developer of choice within the region, which is recognised for creating new communities.
LRED properties are all conveniently situated inaccessible areas around the city and offer everything from the studios to one- and two-bedroom apartments and of course townhouses making sure that they cater to all the segments whether a particular or young couples or larger families.
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What is the primary purpose of launching the Lootah share platform?
The platform seeks to modernize real estate investing by providing a sustainable and safe platform for property transactions and allowing international and local investors to acquire and share real estate assets remotely.
What is the robust growth behind Lootah's real estate business?
The robust growth in Lootah's real estate business is due to foreign nationals' 100% ownership of companies.
Whether there is an increase in demand for the warehouse space?
What are the documents required for opening a Dubai warehouse?
The documents required for opening a Dubai warehouse company are,
Trade license copy
Insurance policy copy
Civil defence certificate
Copy of ownership/lease verification certificate
Design of the warehouse
A list of the goods stored in the warehouse
What type of license is needed for setting up an industrial warehouse?
General warehouse license
How many days did it require to get a warehouse license?
It takes around seven working days to get a warehouse license.
What is the cost of a general warehouse license in Dubai?
The cost of a warehouse license is determined by whether you want to run a private warehouse for your goods or a public warehouse open to the people.
Can I rent a warehouse in Dubai freezone?