Dubai Mall is a luxurious shopping destination in Dubai, famous for its high-end brands and designer stores. With over 1,200 retail outlets, it is the largest mall in the world.
It is no surprise that many entrepreneurs and business owners are interested in renting a shop in this prestigious mall. In this article, we will discuss the cost of renting a shop in Dubai Mall.
The Location
Dubai Mall is located in Downtown Dubai, one of the most popular tourist destinations in the city. The mall is situated next to Burj Khalifa, the tallest building in the world, and has close proximity to other popular attractions such as Dubai Fountain and Dubai Opera.
The Size of the Shop
The cost of renting a shop in Dubai Mall largely depends on its size and location within the mall. Shops on higher floors or closer to popular attractions within the mall tend to be more expensive. On average, shops can range from 300 square feet to over 10,000 square feet.
The Cost
The cost of renting a shop in Dubai Mall varies depending on several factors such as size, location, and duration of leasing. However, as per sources online, it can range from AED 10,000 per square meter per annum for smaller shops up to AED 22,500 per square meter per annum for larger spaces.
Additional Costs
In addition to base rent costs mentioned above there are additional costs that you should consider while renting a shop at Dubai Mall. These can include utilities like electricity and water supply which are usually charged separately by the concerned authorities based on actual usage. Common area maintenance fees may also apply which includes cleaning services provided by mall management.
Conclusion
Dubai Mall is an excellent place to start or expand your business due to its prime location and large footfall. However, it is important to weigh the costs carefully before making a decision.
The cost of renting a shop in Dubai Mall varies depending on several factors such as size, location and duration of leasing. With the right planning and budgeting, you can set up your dream store in one of the most prestigious malls in the world.
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