There is no doubt that all the startups, sooner or later, face the issue of renting or buying a more suitable space to establish their offices. This question involves many pros and cons. So, the final decision can only be made by you. Based on an objective analysis of the favorable aspects of both options.
There are not a few young entrepreneurs who hear that renting a property represents a loss of money or that buying a workplace is a very risky investment, above any immediate benefit. However, there are multiple factors that you must consider in this field. Are you debating between office for rent in Business Bay
Dubai and the offers for the purchase in the city?
Office for Rent in Dubai
•Greater selectivity. It is good to start by talking about the benefits of one option or another. Perhaps one of the most notable points in favor of office rental is mobility. That is, the ability you have to choose the space, benefits and location without having to make a permanent commitment. Whenever you want a change of scenery or have other needs, you can move without all the tedious procedures and paperwork involved in putting a property up for sale.
•Working capital. By investing, in one way or another, your company can assume other market responsibilities. With the comfort and guarantee of having a fiscal domicile.
For example, your property rental contract will serve as proof that you are responsible for your economic commitments. That you pay on time, because a firm or owner has already given you the confidence to do business with you. This can be very useful with a bank, for example, or in case you find yourself needing to close an agreement with a venture capital partner.
Buying an Office
•Fixed costs. All companies with clear objectives and a view to growth, experience moments of good market performance and others of decline. The important thing is that you know how to deal with it so that your brand survives and can effectively respond to customer needs. And, for this, it is essential that you organize your finances from the first moment.
Are you thinking of living in Dubai and buying a space for your company? By having your own office, you will no longer have to deal with fixed rental costs. This subtracts capital from your monthly budget for other investments.
•Extra income. Owning an office can offer you advantages that you probably haven't considered. Since you can rent a space that you are not using and move to the co-working concept, which generates many benefits in terms of productivity. If you will not be using the office space for rent in Dubai
, you can use your investment to benefit from it in the long run.
•Guarantee. The fact of being able to have your own fiscal domicile or commercial space allows you to sell and finance other offices. Also, access a mortgage loan with the guarantee of the asset you already own and make your money more profitable