Choosing the best business location for a commercial office, warehouse, or retail space is among the most crucial decisions an entrepreneur will face early in an organization life cycle. That’s since signing a rent or buying a building surrenders your institution’s destiny to that particular location. And if it isn’t attractive to potential customers or workers, then you have got an enormous problem.
The United Arab Emirates has always been a vibrant location to put up your hotels to accommodate the growing visitors, a knowledge hub paving for scientific discoveries or a restaurant for locals and tourists alike. All in all, you need to know everything about creating a business in UAE (UAE-offshore)
Begin choosing the best business location by ultimately evaluating the business needs, including zoning specifications and whether you anticipate needing deliveries, making shipping, or bring walk-in customers. These elements will play a significant role in determining the right location.
Best places to start a business
- Abu Dhabi
- Ras Al-Khaimah
- Free Zone areas
Five factors to consider when choosing a business location
Seek out areas where this information most strongly resembles the list of characteristics possessed by your perfect customer. These elements will play a significant role in determining the right location.
Do you know who your customers are? Would you want to open a restaurant that caters to people in business or today’s young people?
It is important that a company should provide well to the target customers. So, assess prospective places based on demographics information with insight to the age, education levels, financial foundation, along with other features of the individuals living nearby. Here, you can also set the tone of your business – sleek, chic, and modern or a very artsy, hippie, down-to-earth environment.
Will your choice location be accessible to the people in the area? Is it simple for individuals to discover parking, to walk to the institution, to access other stores nearby? Will delivery trucks fit the car park?
Make sure your potential customers can quickly locate and enter your company while at the same time feeling safe and secure when walking to it. Parking is also necessary and can be proved to boost your business. Sometimes, without a car park near your establishment can be detrimental to your business.
This aspect in choosing the best business location is probably the first thing that would pop up in your mind. But sometimes cheaper area costs can mean reduced traffic of customers. And not all well-invested areas offers people the accessibility to your establishment.
Your lease or rent may be favorable for you but would it also be to your employees and clients?
Are there any competing establishments nearby? It can be a good thing if you survey or sleuth around for information. There’s an advantage when the same group of businesses is in the same location. If you like coffee, cafes in atria would be helpful because it allows people to decide where they want to be. Each café has a different ambiance and unique service. Not all café lovers would go to one. Some people would love to hang out in a chill, no-to-low people café.
However, if you feel the competition is too stiff, you have the option to go elsewhere.
Zoning and ordinances
You need to know that UAE has different ordinances that can affect your business. For example, you have to be a locally registered LLC business. A UAE individual has to be a local sponsor for a local company so that he or she can start choosing the best business location anywhere in the region.
However, you can also opt to put your business in a free zone in case you want to own it by yourself and no other individuals get to partner with you.
Check out the list of Free Zones here.
Great things you can find in UAE
If you’ve been around Dubai, you can see grand towers and buildings with city hustling and bustling about. It’s where most tourists go and therefore, that would mean – more business establishments popping up to serve the needs of domestic and foreign travelers.
Skills and workforce
You won’t be lacking skilled employees in UAE. In fact, the country is quite multi-cultural; you can expect a diverse office environment. Each of your employees has his or her specialties. As UAE is becoming a destination hub, many people flock to the country to find jobs.
Ever booming economy
The country is attracting investors, business leaders, and entrepreneurs to hold their business lifestyle here. UAE has a favorable commercial and financial climate making it one of the world’s top choices in choosing the best business location.
Encourages international trade
The country is open to trade and has established good relations with other nations. As stated earlier, being a diverse country, it welcomes change and new cultures in the market.
Choosing the best business location all comes down to you. Keep this handy info in your mind just in case you want to go ‘shopping’ for that perfect spot.
If we missed mentioning a great location, let us know! Otherwise, get on a Hotel booking app and get your trip scheduled to one of these UAE destinations to further research setting up your business.