Dubai Forums Dubai Business Dubai Business Talk

Good Morning
I will be visiting Dubai in September. I have a very simple generic business model (food services)that would appear to be tailor made for the local market. Can someone please assist with the following:

What are the local rates for leasing retail units per square foot
What will a local sponsor want to be included in the deal
Are there any local agencies that can handle my queries

Thank you in advance, have a nice day

Rent depends on location. rates vary so you need to be in town to explore. Rent in a shopping mall is high but brings lots of walk-in traffic.

As for a local partner you can get away with a fixed fee per year and some paperwork help from lawyers for the 51/49 rule.

Local agencies are plenty, they usually advertise on newspapers here locally like khaleejtimes.com or gulfnews.com or you might use yellowpages.ae to find a few if you know their names.

A quick trip down here would sort out most of your questions and I wouldn't gamble with opening up unless doing a bit of market research beforehand.

Always be proactive.

Cheers,

D

Thanks for your reply smartd. Have done some groundwork with your suggestions. Thanks again.