Commercial Leasing Process

Allsopp-Commercial-Buying-What-Documents-Are-Required

What Documents Are Required?

  • Passport copy of all company owners / owner.
  • Trade License.
  • Signee authority letter.
  • Signatory Passport copy.

Selecting The Right Location

Location of the premises is a key thing for any business, Allsopp & Allsopp have commercial premises in all locations whether you are looking for an office space around Sheikh Zayed Road, Jumeirah Lake Towers, Dubai Marina etc.. Warehouses, factories, storage or labor camps in industrial areas such as Al Quoz, Jebel Ali or Dubai Investment Park. Whatever the commercial premises you require, Allsopp & Allsopp can assist. Location of your premises depends on the business activity, which is outlined by the Dubai Municipality - again Allsopp & Allsopp will help you with these fact finding operations.

How can I lease Commercial premises in Dubai?

The company must have a valid trade license from the Dubai Government Free-Zone or the Dubai Economic Department (DED) once this licensed is obtained you are then eligible to lease commercial property in Dubai. Your Allsopp & Allsopp commercial agents will then shortlist a list of suitable locations related to your type of license and company activities all confirmed with the Dubai Municipality and Economic Department.

Types of Property for Lease "fitted" or "Shell and Core"

There are 2 types of standard commercial premises, those that are "fitted" this means the property is in a condition that once the companies furniture and personal equipment is moved in the premises is in a position to be used, some facilities will also be named as "fitted" when they are in an already operable state. The other option is "Shell and Core" the shell of the unit is there with no fixtures and fittings and the tenant must fit out and design his own unit. The decision in taking either is obviously based on timings and budget. The Allsopp & Allsopp commercial team is perfectly equipped to deal with either situation and can also offer assistance with design and fit out solutions.

Period of Commercial Lease Terms

Commercial leases are usually for a minimum of 1 year with automatic renewal for an additional year - commercial leases can be as long as 10 years, this is mutually agreeable between landlord and tenant.

Securing your Leased Premises

Once you have identified from viewing certain areas and locations and found your ideally commercial unit that matches with your license requirements, all terms will be agreed with the landlord, 5% deposit is given to Allsopp & Allsopp and the lease is signed by both parties. The rental cheques and deposit is then handed over to the landlord - the 5% deposit is refundable at the end of the lease.

Additional Out-Goings

The tenant will be responsible for any utility charges - including DEWA, chiller charges, internet connections, phone lines etc… in some cases this can be agreed otherwise with the landlord and specified in the lease agreement. Many developments will charge additional "service charges" for communal areas of the property; this can also at times be included in the lease agreement.

Call +971 (0)4 4294444 to speak to one of our property experts.