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How to Start an Office Space Rental Business?

Office space to rent

In this contemporary era of freelancing and working from home, fluctuations are always around the corner. Startup companies are continuously searching for the best co-working spaces to establish themselves and start growing. Because of that, the future is looking bright for people looking to start an office space rental business.

In this article, you’ll learn everything you need to know about how to start your own office space to rental in business. In the same way, if you happen to have an extra workspace that looks perfect for renting, this is your chance to earn an extra income. Let’s take a look:

  1. What is Office Space?
  2. Why Should I Rent my Space as an Office?
  3. Is starting an Office Space Rental Business profitable?
  4. What do I need to start renting Office Space in the UAE?
  5. What are the benefits of starting an Office Space Rental Business in Dubai?
  6. How can I attract more tenants to my Office Space?
  7. How can Connect Business Centers help you?

1. What is Office Space?

By definition, office space is a workplace that provides an appropriately equipped place for a company that needs it. Furthermore, the best co-working spaces offer their clients a place to be used primarily as:

  • Conference room.
  • Reception area.
  • Working area for personnel.
  • Meeting rooms.

Check this link to learn more about what people want to know before leasing a Virtual Office.

Additionally, a rental office space provides renters with services, amenities, and accommodations such as:

  • High-speed Wi-Fi.
  • Furniture (desks, sofas, chairs, etcetera).
  • Onsite Support.
  • Computers, laptops, printers, and scanners.
  • Storage areas and more.

Your main goal, as a business owner, will always be to offer the best co-working space where anyone can manage their business. It has to be a place where freelancers, entrepreneurs, startups, investors, etcetera; can feel like they can establish their companies. It needs to be a space where creativity can run free.

In short, office space is a workspace suited to an atmosphere that must be ideal for business operations. Renting a working space is the first move that small businesses make when they’re looking for expansion. Subsequently, it must offer the ideal atmosphere for companies to grow.

Click here to know about other alternatives that startups are looking for in Dubai.

2. Why Should I Rent my Space as an Office?

These days, new companies are in a constant search for establishment. So, when looking for the right place, they’re willing to offer a good amount of money for renting space. In these challenging times, people are always hunting for a way to earn a side income. Subsequently, if you have office space available for rent will do wonders for your monthly earnings.

Due to the high demand for the best co-working spaces, people have been thinking about starting an office space rental business. Even as a part-time occupation, it will help you produce a solid source of income for you. Instead of letting that warehouse or extra office remain unoccupied, you should certainly contemplate transforming it into the perfect working environment.  

Many people are passionate about making their businesses grow, but that can’t be done from anywhere. For example, freelancers are starting to feel uncomfortable about having to work and commute from their own homes. While working from home sounds idyllic, this working environment isn’t as good as some of the best co-working spaces out there.

Putting an office space for rent is a big decision. For this reason, it’s important to outline and execute a careful plan, as it will serve as a strategic marketing resource for your business. Knowing how to promote a workspace for rent can be a difficult experience. Therefore, we’re here for you, to help you make the best decisions.

3. Is starting an Office Space Rental Business profitable?

Undeniably, renting out spaces is a very popular way to earn money in the UAE right now. More people are starting to transform their old warehouses into a big or a small office for rent. If you’re wise and play your cards right, you can make a stable profit from renting spaces. 

  • Understanding the needs and desires of your possible clients is the key to having a successful business.
  • Some desks and chairs in an unoccupied office can become the headquarters of any small company looking to expand.
  • Subsequently, you can convert your property into one of the best co-working spaces out there. Allowing you to have an extra income for expenses.

In short, that small space can become a flexible desk for freelancers or anyone looking for a place to start their business. Of course, having just a space isn’t everything if you want to attract future renters. You need to transform it into the best co-working space for people to commute.

Unquestionably, renters are looking for a workspace that makes them feel inspired. If your place meets their requirements, you could even earn more than the average renting cost. In addition, people are starting to realize the big advantages that renting a working space can bring to their companies.

So, even if you have to spend money turning your property into the perfect space, a profit is assured. Entrepreneurs are always on the look for a workspace. So, even if some leasers go, there will always be someone interested in renting your space.

Here you can learn more about the things a rented meeting room should have in it in Dubai.

4. What do I need to start renting Office Space in the UAE?

If you’re thinking about starting your space rental business, you must understand the industry that you’re getting into. Firstly, it’s always great to know how strong your competition is. Before opening your business, is good to have a good look at where it’ll fit among the best co-working spaces around.

Nonetheless, there are legal requisites and boundaries to set up a commercial office for rent in the UAE. It’s very important for you, as a future renter and business owner, to meet every single one of these stipulations. Undoubtedly, you’ll need assistance with this area, and that’s where our company comes in handy.

Once a business owner or an investor has a place ready to rent, they need to look for people to start renting. The number of renters you’ll receive in your office space will depend on its quality, services, amenities, and pricing. The best co-working spaces are the ones that offer better benefits, receiving more clients per month and a higher income for you.

5. What are the benefits of starting an Office Space Rental Business in Dubai?

The advantages of putting up an office on rent in the UAE can be quite attractive:

  • Firstly, the fact that you can earn money out of renting an unoccupied location that you may have is very attractive.
  • Secondly, Dubai is the main business location that makes operations like this one easier and smoother for investors. Offering benefits like light tax laws for companies.
  • Thirdly, getting to know businesspeople from different areas can be good for networking. Sometimes, word of mouth can be a great way to promote yourself.
  • Lastly, offering these spaces to professionals who are looking to make a change in the world can be quite rewarding.

Dubai is a stable and developed location that can give many opportunities to tenants and landlords alike. Setting up a space and making it into one of the best co-working spaces can be a reality if you put in the work. The UAE is an ideal place to set up your business due to its widespread development in every sector.

Here are the things people consider before renting a shared office space in Dubai.

Offering the right place for a widespread amount of clients can be the best way to operate. Having a well-equipped office can give you many benefits, like the ones mentioned before. But, the most attractive of them all is the income that you’ll receive if you decide to rent your space. Regardless of if it’s a daily or monthly lease, your earnings will be on constant growth.

6. How can I attract more tenants to my Office Space?

The art of promoting your business is a difficult task. But, with the right kind of help, your place can become one of the best co-working spaces. Potential tenants need to feel that their necessities are being covered, they need to know the difference between your offering and other places. Have in mind the next tips before advertising your business:

  • Convert your property into the best co-workingspace available for rent, for example, buy nice furniture and technology to make the best out of your place.
  • Identify the right renting price for a space like yours. Comparing your prices with others can help you manage competitive market fees.
  • Find the proper way to advertise it. Of course that promoting your business on social media platforms is helpful, but you’ll need professionals to allow you to gain more reach.
  • Try your best to make your renters feel welcomed and inspired. A great work environment can skyrocket your property to one of the best co-working spaces in Dubai.

Are you interested in finding out what makes renters choose office spaces for rent? Click here!

With this in mind, you need to make sure that your tenants meet the needed criteria through an application form. You must need to know their social security number, references, personal details, and business information. Also, you can check their credit history to make sure that they’re reliable enough to rent your facilities.

7. How can Connect Business Centers help you?

Becoming the best co-working space is not a job for just one person. You’ll need a company to help you lease your office space. In Connect Business Centers we can offer you great deals to start your office space rental business. We have many alternatives that will allow you to get more tenants in no time.

With this intention, Connect Business Centers is a platform that links you with potential renters in the UAE. Our marketing strategies are the best for these cases. Undoubtedly, many great landlords have been trusting us with their properties for listing on our platform. We’re the best option in the market.

We’ll guide you through the legal process that conveys having a nice workplace available for rent. We want to make sure that you’re taking every advantage that our innovative tools can offer. With the help of Connect Business Centers, you can meet all of your necessities.

Besides, our company has more than two decades of experience, being a part of Connect Group since 1998. Our team is capable of finding people eager for a workplace for rent from all across the country. We’re devoted to being the bridge between you and the perfect renters for your office space rental business.

Would you like to contact Connect Business Centers to obtain more information about how to start your own Office Space rental business in Dubai? If you have any questions, contact us on +97143316688. Or you can also email us at info@connectbusinesscenters.com, and you will talk to one of our representatives who will gladly answer all of your questions.

Apply now by sending us your CV to thetalentpoint.com. Additionally,   we won’t store CVs and resumes that you send to contact@thetalentpoint.com. Don’t hesitate any longer!

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What is a Flexible Desk Space? A Comprehensive Guide

flexible desk

The last 2 years massively shifted everybody’s life-work balance and consequently, the practice of hybrid working has become very popular. In addition, many foreign businesses wishing to start working in the UAE do not know that they require at least some kind of small office space. On the other hand, flexible desks are also known in the UAE as a shared office, which is assigned to a business upon its registration.

In this article, we will make sure you understand everything about flexible desk spaces and why they are so important. In the same vein, you will discover why a Flexi desk may suit your business when you are relocating to the UAE. Similarly, you will also understand the different benefits of having a small office space. Let’s observe:

  1. What is a Flexi Desk?
  2. Registered address vs Flexi Desk
  3. Benefits of setting up your business with a Flexi-desk
  4. Understanding Flexi-desk Costs in Dubai
  5. How to start your business with a Flexi desk package
  6. Why does flexible desk spaces are becoming so attractive in the UAE?
  7. Can you open a business in the UAE without a flexible desk?
  8. How can you use a Flexi-desk?
  9. How can Connect Business Centers assist you to acquire a flexible desk space in the UAE?

      1. What is a Flexi Desk?

If you want to do business in any of the emirates of the UAE, a Flexi desk space comes with the default package. A flexible desk is also known by many other several names, some of which are:

  • Flexi office.
  • Smart desk.
  • Hot desk.
  • Business center desk.

However, despite the difference in names, the functionality is the same. That is to say, as we mentioned earlier, the minimum required to conduct your organization as part of a registered business in the country is to have a small dedicated desk. Having a flexible desk is mandatory by the employment and regulation laws of the UAE, but you can abandon this right if you want to pick another option such as having an executive office.

That is to say, in that scenario, you can renounce your right to have flexible desk space.

In addition, flexible desk space is essentially a dedicated chair and desk typically located in the business center of your specific free zone. And depending on other details and your package, the flexible desk can have benefits which may include internet, fax, P.O. box, or a phone.

Additional advantages can incorporate activities such as the usage of meeting rooms, shared, facilities, office equipment, videoconference rooms, etc.

The Flexi desk provides an established number of hours for you to run your business. The lower limit is established at 18 hours; on the other hand, the upper limit is 25 per week. Similarly, it will act as a physical space for your company and you can manage your business from there.

Certainly, the free zones tend to offer free P.O. boxes to flexible desk users. In addition, Flexi desk providers also give them a dedicated physical address; business owners can use it as a company address and receive documents.

      2. Registered address vs Flexi Desk

Frequently, companies used the registered address to acquire a license for their organization. On the other hand, a flexible desk (small office space) actually gives you access to a physical address where you can conduct your company from. Similarly, a registered address is something that you cannot use apart from showcasing that you actually have an address for your business, it is only abstract.

That is to say, this is not the best solution if you consider long-term development. In addition, a business with only a registered address is not able to apply for residence visas; becoming incompetent to hire workers.

The flexible desk is a much better option and it is also expensive; but if you are starting your company and want to select between both, you must consider your business model. On the other hand, you must understand if you have additional money for this matter. Thus, if you already are a holder of a UAE visa and are on a budget; a registered address is the best option for you.

In conclusion, when your business scales, you can make the transition and opt for a flexible desk space instead.

If you want to keep learning, we have an in-depth guide about how to properly choose office spaces in Dubai.

      3. Benefits of setting up your business with a Flexi-desk

As we mentioned already a Flexi desk in the UAE comes with several benefits. In the same vein, it can be overwhelming to navigate through the different benefits; this is why we created this guide to help you make the decision. In addition, there are no specific guidelines to establish a successful business.

Similarly, in order to understand if your business is suitable for a traditional small office space or a flexible desk; you must establish what your business demand is. After you establish what your objectives are, you will be allowed to make a better decision about which option you should take.

Many business owners rather the flexible desk over the traditional office due to its advantages. Let’s observe:

  • Cost-efficient: the flexible desk is the best option when it comes to economics. In the same vein, a shared workspace comes with a monthly fee as well as license costs; you can avoid these elevated charges.
  • Flexibility: a good benefit of the flexible desk is that it can lodge more people in less physical space; this is a great option if we compare it to the traditional space. In addition, you save money because this is a cheaper option.
  • Increased productivity: the standard option will frequently conduct workers into a fixed routine that can become boring and tedious; resulting in a loss of creativity. Similarly, small office spaces provide the flexibility to the workforce to stay creative and assist them in the process.
  • Freedom: frequently when companies start, they are on a small budget which will result in them choosing a Flexi-desk, but as they develop, expand, and keep a steady income. Consequently, then the company can easily and quickly migrate to a Flexi desk space to a more standard office space suiting the needs of their business.

      4. Understanding Flexi-desk Costs in Dubai

Several first-time entrepreneurs and investors start doing research to find the cheapest Flexi-desk in the country. But the price is not the only factor you must have in mind. That is to say, investors and entrepreneurs must also consider the traditional amenities and the previously mentioned benefits you will obtain as part of your flexible desk space package.

In addition, it is absolutely possible to find good deals on high-quality Flexi desk packages. In Connect Business Centers we connect you to the cheapest and best Flexi desk packages in the UAE. Likewise, we also link you with coworking spaces, office facilities, etc.

Meeting in person with your customers is a great way to ensure their well-being; so, here is a guide on some advantages of having meeting rooms in Dubai.

      5. How to Start Your Business with a Flexi Desk Package

The first step in this process is to find a free trade zone that fits the requirements of your business. For instance, you must have in mind what type of start-up you are establishing. However, when you have finished deciding, we will guide you in every step of the process.

Firstly, we will assist you to profile your business activities. That is to say, you must specify the type of business you want to start. Further, making this clear will make the process easier and simpler.

After that, our team of experts will assist you to choose your business name. In this stage, you must abide by a few naming protocols. Let’s observe:

  • There are only full names allowed and no abbreviations.
  • You cannot include any blasphemous or potentially offensive words.
  • The name must be available.

Consequently, when you finish with this decision, we will assist you with the Flexi desk application. That is to say, we can take care of this process from beginning to end, ensuring that you complete your application process to prevent any delays.

In addition, as part of this process, you must provide some basic information such as:

  • A valid copy of the trade license (applicable to the applicant and the shareholder).
  • Copy of the Emirates ID (if applicable), passport, and visa page.
  • Summarization of your business plan.
  • Attested Birth Certificate.

      6. Why Does Flexible Desk Spaces Becoming so Attractive in the UAE?

Certainly, one of the most convenient parts of having a Flexi-desk space is the future costs and low initial prices. However, even if it is more expensive than a registered address, it is the cheapest available option if you are looking for a physical place to work. In addition, it puts aside the need for a P.O. Box or to rent an office, from buying office furniture and paying directly for utilities.

We understand that when you are starting your business, economics is really important; so, it is better to free up funds for other important matters. That is to say, such advertising and marketing to attract more customers, and have more sales and thus; support for your company. Likewise, that is a much better use of funds than furniture that will not generate any revenue.

Secondly, as we mentioned earlier, a good advantage is that Flexi-desk spaces come with a workspace, internet, and phones. For instance, our business centers will allow you to access flexible desks with videoconference equipment and meeting rooms; so, you are able to start working immediately and even meet with your clients there.

Certainly, these spaces are good for saving money as well as time. That is to say, registering for and saving services like electricity, internet, and water is an overwhelming process, eating up valuable time that will need for taking care of your business in its first steps. Most importantly, with a flexible desk, you are walking into an already functional workspace.

On the other hand, cost-friendly Flexi-desks are located away from residential areas, this meaning you may need to drive distantly to get there.

      7. Can You Open a Business in the UAE without a Flexible Desk?

As we established earlier, you cannot conduct business in the country without any physical entity; that is why you need to acquire at least a Flexi-desk. Further, if you want to rent an executive office, you can renounce Flexi desk requirements and you will not need to rent it. Thus, the requirement of a physical space for your business is fulfilled by the office. 

However, you can take advantage of flexible desk spaces for registering your business in Mainland. Moreover, previously the government required you to rent an executive office to conduct in Mainland. Therefore, you can rent it from any of the business centers across the country. 

On the other hand, here is a practical guide to the best co-working spaces in Abu Dhabi.

      8. How Can You Use a Flexi-desk?

Every free zone has its own set of rules about flexible desk usage. For instance, you can use some flexible desk offices a few hours weekly, but the location of it is inconvenient; for that reason, most people do not use them at all.

However, DWC free zone has an important center and its desks are being used. Certainly, there is also a limitation on the number of hours, but you are able to extend it.

On the other hand, Ajman free zones do not limit the usage of your usage. Further, all desks are dedicated to a specific company and they can use it daily during working hours. However, most flexible desks are empty because their owners rather working remotely or from a coworking space.

Sharjah Airport International Free Zone (SAIFZ) has no limitations on the usage of desks. In addition, the trade zone has 8 buildings dedicated to small office space.

      9. How Can Connect Business Centers Assist You to Acquire a Flexible Desk Space in the UAE?

Due to the covid-19 outbreak and some other factors, flexible desk spaces are becoming really important in the way we will work during the next decade. That is to say, modern businesses are taking measurements and must adapt to this practice. In addition, as we have already seen, flexible desk spaces provide companies with many advantages and benefits important to allow your business to grow.

These offices will provide your business with the tools to effectively adapt to the new way of work, allowing you to work from anywhere you want. In the same vein, it is a more efficient option if you compare it to an expensive executive office.