Office Space for Rent in Dubai

Whether you own a startup, small enterprise, or well-established business, you need an office space to start or operate your business in Dubai. While purchasing a property in Dubai may not always be realistic for many businesses, getting an office space for rent in the Emirate is an option.

Given this fact, co-working spaces and rented offices have emerged as major business hubs in Dubai and worldwide. Here, we take a look at the process involved in renting an office space for business setup in Dubai.

What is the Process for Renting Office Space in Dubai?

Company formation in Dubai or anywhere across the UAE mandates having an office space for operational purposes. If you are considering making use of offices for rent in Dubai, you must know about the process involved -

1. Specify Your Needs

You need to clearly outline your needs and preferences to a real estate agent and discuss factors such as rent, location, accessibility, amenities etc. 

2. Negotiate the Terms

You need to negotiate the terms with the agent. It can lead to better rates, flexible payment methods, and favourable lease terms regarding duration and responsibilities.

3. Sign the Lease Agreement

The next step involves reviewing the lease agreement. If the document meets your expectations, sign it and provide it to your agent. You can seek assistance from a legal expert.

4. Pay the Security Deposit

You need to pay the security deposit as stipulated in the lease agreement and secure receipts as proof of payment. Post that, you can customize the office space as per your preferences.

5. Get the necessary approvals

You will need to obtain the necessary approvals from relevant departments in Dubai after completing the paperwork.

What are the Prerequisites for Leasing Commercial Property in Dubai?

Dubai has certain prerequisites that you need to follow in order to rent an office space in the Emirate. Here we take a look at them  -

1. Possession of a Valid Trade Licence

To secure an office space for rent in Dubai, you must have a valid trade licence which can be availed for relevant authorities.

2. Choosing an Appropriate Location 

Based on the trade licence and jurisdiction, you need to decide an appropriate location for your office.

3. Securing Employee Visas

Businesses can secure employee visas for their expat workers based on their skills. However, certain limitations apply based on the business activity and office space. 

Types of Lease Agreements in Dubai

In Dubai, there are different types of lease agreements. You need to ensure that you select the right one. 

1. Fixed Term Lease 

A fixed-term lease agreement has a defined period for tenancy. The tenant and the landlord sign an agreement specifying the lease duration.

2. Renewable Lease Agreement

The renewable lease agreement is a long-term lease agreement which allows tenants to renew their lease agreement for a certain period of time post-expiration of the existing lease.

3. Short-term Lease Agreement

This type of lease agreement runs on a monthly basis with no fixed duration. It's a flexible option for both tenants and landlords. It is also called a month-to-month lease or a rolling lease.

4. Sublease Agreement

A sublease agreement allows you to rent out the property to a third party within the duration of the original lease term. 

5. Co-Working Space Agreement

It allows tenants to rent an office space with shared facilities, internet, meeting rooms etc.            

6. Serviced Office Agreement

This agreement allows you to establish the office yourself in fully furnished and equipped office spaces for a short duration. 

What Documents are Required to Rent an Office Space in Dubai? 

To secure an office space for rent in Dubai, here are some of the documents that are needed:

• You need to submit a letter of intent to the authorities
• Submit 2 (two) post-dated cheques 
• Copy of your Passport 
• Copy of trade licence availed from the Department of Economic Development Dubai (DED)
• Copy of office space conditions 
• You also need to submit a No Objection Certificate (NOC)
• Memorandum of Association (MoA)
• A Copy of a government-issued ID card also needs to be submitted along with the application.

Looking for offices for rent in Dubai can be a task. It is highly recommended that real estate agents and experts like Commitbiz assist you through the process, as they can provide you with the best options for your business.