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Retail Space in Dubai Marina is a highly sought-after investment opportunity for those looking to establish or expand their business in Dubai. Known as one of the most luxurious and exclusive areas in Dubai, Dubai Marina offers a wide range of retail spaces for sale that caters to different business needs and budgets. With its stunning waterfront views and proximity to popular attractions, Dubai Marina is a prime location for retail businesses to thrive.
Whether you're looking to start a boutique store or open a flagship outlet, a retail space in Dubai Marina can suit your needs. Keep reading to learn more about retail space for sale in Dubai Marina.
What Types of Retail Space Are in Dubai Marina?
The types of retail spaces in Dubai Marina are diverse and plentiful, ranging from small kiosks to large shopping malls.
One of the most popular types of retail space found in Dubai Marina is mall space. Several large-scale shopping centres are located within or near the Marina, such as The Walk JBR and Dubai Mall. These offer plenty of options for retailers looking for high-end space with modern amenities such as air conditioning, escalators and elevators to set up their businesses. They provide an excellent opportunity for international brands to establish a regional presence by opening flagship stores or boutiques.
For smaller retailers looking for more affordable rent costs, several local markets along Jumeirah Beach Road offer retail space on a short-term basis. These smaller markets often feature stalls selling clothing items, jewellery pieces, souvenirs and other goods at lower prices than those in larger shopping malls. Most small shops hire interior fit-out services for unique interior designs to get customers' attention. There are also numerous kiosks and shops located within residential buildings open to visitors who wish to explore the local offerings without committing to long-term leases or high expenses associated with mall space rentals.
What Are the Sale Price Trends for Retail Space in Dubai Marina?
Sale price trends for retail space in Dubai Marina vary depending on the property's location, size and age. Generally speaking, though, prices are high due to demand but not exorbitant. Prices start at around AED 1,500 per square foot (psf) for older properties, while newer properties can start from AED 2,000 psf or more.
The average sales prices in the area are around AED 4,500 to 6,000 psf. This represented an increase from 2021 when average sales prices were closer to AED 3,700 psf. The higher end of the market tends to hover around AED 6-7,000 psf for prime locations with excellent views overlooking the Marina.
High-quality buildings within walking distance of notable attractions such as The Walk JBR have seen higher than average returns on investment due to increased demand from retailers looking for prime real estate locations in the area.
What Are the Best Business Opportunities in Dubai Marina?
The best business opportunities in Dubai Marina are those that tap into the many attractions the area has to offer. With a marina, beaches, malls, restaurants and hotels all nearby, retailers looking to set up shop can benefit from high service demand.
Food and beverage outlets are particularly popular, with customers seeking out fast food joints as well as fine-dining restaurants. Small boutiques selling clothes and accessories also do well here. At the same time, service-oriented businesses such as hair salons and spas have also seen success due to the many visitors to the area.
Retailers looking for more long-term prospects should consider setting up larger operations, such as supermarkets or convenience stores that serve residents and tourists alike. These stores have the potential to become regular stops for people living or working nearby, making them a great investment for businesses with staying power in mind.
What Are the Reasons for Investing in Dubai Marina?
Investing in Dubai Marina is attractive for those looking to capitalize on the region's booming economy. The area's strategic location, world-class infrastructure, and unique culture make it an ideal destination for businesses of all sizes. Here are some of the top reasons why investing in retail space for sale in Dubai Marina is a wise decision:
- Proximity to Tourist Hotspots
- Booming Economy
- World-Class Infrastructure
- Unique Culture
What Are the Top Buildings for Retail Space in Dubai Marina?
When finding the best retail space for sale in Dubai Marina, there are some factors to consider. Location is key, as proximity to attractions such as The Walk JBR and Dubai Marina Mall can make or break a business. Other factors include building quality, unit size, parking availability, and amenities. Some of the high-class building that includes these facilities are:
- Fattan Tower
- The Azure Residences
- The Princess Tower
- The Lago Vista Towers