FECEPAC | Commercial Real Estate

Dubai in United Arab Emirates has moved on from being an oil based economy to a more diversified form by having a rapidly growing real estate and tourism sector. It all started back in 2002 the ruling government allowed foreigners and expatriates to buy real estate property in Dubai. This invited some serious foreign investments in the real estate sector and gave a lot of boost to the real estate and property sector in Dubai. The tourism industry of Dubai was also growing very quickly due to which the demand of real estate property continued to rise. This consistently increasing demand of real estate properties further attracted investors from all over the world to invest the Dubai real estate. Also the trend of a high rate of return on the investment has encouraged more investors to further invest in the Dubai real estate as not only people have been able to recover the amount invested but also earn some more profit quickly. It is due to this fact that the Dubai real estate has been progressing at a rapid rate and there have been so many outstanding and amazing construction projects being constructed in recent years.

The evolving tourism industry has also been a great help for the progress of the real estate in Dubai as the increase in the number of tourists and visitors coming to Dubai every year has had a great impact on the demand of real estate properties in Dubai. This was noticed by many of the real estate and property investor form world over who invest in some of the extraordinary, unique, and spectacular commercial and residential projects the world has ever seen and has brought Dubai among some of the most developed nations in the world. Most of the people coming to Dubai are usually on a Dubai short tour as the people coming here are tourists, visitors, business men, work related immigrants and sports men. All these people require a temporary residence and prefer to rent in Dubai as buying a property does not make sense for them.

There are a number of different options available for rental properties in Dubai which include rent apartment, rent flat, rent home, and rent studio in Dubai. Most people looking for rental options are mainly looking for residential real estate properties but since the economy of Dubai is also progressing at a good rate which has brought a lot of new businesses to the shores of United Arab Emirates. Many business organizations and multinationals that are looking to expand their business in Dubai look to rent office, or rent studio in Dubai. This increase in demand of commercial properties has brought and projects like Business Bay, Dubai Internet City, Dubai Media City and many more and has made offices, suits and studios easily available to be acquired by the business organizations and multinationals looking to establish their base in the Middle Eastern region. Another reason for rent properties to be so popular in Dubai is that they are fully furnished and are equipped with all the required items equipments.

Being an important business hub, Birmingham has witnessed the rise in the demand for commercial properties in the last few decades. The value of a commercial property bought ten years ago has also skyrocketed significantly over the years. Owing to the great demand for strategically located commercial premises and the consequent rate of development taking place in Birmingham, it is not an exaggeration to predict that property prices will shoot up even further in the coming years. The best time to purchase commercial property in Birmingham is now and those who are smart enough to seize the opportunity stand to benefit immensely in a couple of years from now.

It is not difficult to either buy or sell commercial property in Birmingham. There are a number of reputed and reliable property dealers who help business owners to purchase the exact type of commercial premises they are looking for. They also help commercial property owners to sell or lease out their premises at the best possible market rates. In addition to dealing in sale, purchase and lease of commercial property in Birmingham, these agents also offer a unique service known as commercial property management.

Often, business owners who have leased out their properties on rent do not have the time to manage their premises, collect the monthly rent or get into the nitty-gritty of landlord-tenant agreements. This is where the commercial property management services offered by an experienced property agent come handy. A property agent can help owners of commercial property in Birmingham in multiple ways, some of which are listed below:

• Collection of rent and management of arrears
• Helping to meet all landlord and tenant obligations
• Resolving tenant queries and problems
• Taking care of the insurance cover of commercial property in Birmingham
• Paying rents to landlords on time and furnishing rent statements for clients to reconcile their income and expenditure.

Owners of commercial property in Birmingham can seek all these services that are typically part of a commercial property management package. These not only relieve them of the additional task of dealing with their tenants but also give them a lot of time to look into other important aspects of expanding their business.

To conclude, while it is easy to buy commercial property in Birmingham, it is quite difficult to maintain them and ensure that they help to roll in recurring income for the property owner. Commercial property management services make this not just possible but also easy for owners of commercial property in Birmingham.