#Featured
November 01, 2021
Retail Shops for Rent in Prime Locations
Abu Dhabi, UAE, 30 November 2021:
Finding the best retail shops for rent isn’t easy, especially if you’re kicking off your business. The retail space you choose plays a crucial part in your success. As a leading property developer in Abu Dhabi, Aldar has some tips and strategies to help you nail that retail shop hunt and find the space to elevate your business and put it on the road to success.
So, trust the industry professional and navigate our simple but effective guide to find the ideal retail space for rent.
Set Criteria
Finding the perfect retail shops for rent requires careful planning and consideration, especially when aiming to secure the best commercial space for your business. Whether you're searching in Abu Dhabi or elsewhere, keeping a few crucial factors in mind can help ensure success. Here’s a detailed guide to help you find the best retail shops for rent that meet your business needs.
The Cost of the Property You Can Afford to Rent
The price of the property is one of the first factors to evaluate. Determine your budget and check if the property’s rent aligns with it. For instance, if a deposit is required—some owners may ask for up to three months in advance—make sure your budget can accommodate this.
Compare the cost of the retail shop you’re considering to other commercial spaces for rent in the same area. Ask the property owner about potential rent increases and how they are calculated. Clarify additional expenses, such as maintenance fees, to avoid surprises later. A clear understanding of the rent terms and fees in the contract is vital to securing the best retail space for your business.
Location
The location of a retail shop for rent significantly impacts its potential for success. Analyse whether the shop is in a vibrant, high-traffic area that aligns with your business’s target audience. For example, if the neighborhood’s busy hours coincide with your business’s operational hours, this can enhance profitability.
Evaluate the demographic of the surrounding area. Are the residents likely to be your target customers? Accessibility is another critical factor—ensure the location is easy to reach, even for those without personal vehicles. Nearby parking facilities or special needs amenities can also be key features for your customers and employees.
After identifying your budget and location preferences, list the essential features your commercial space for rent must include. Consider aspects such as parking availability, ease of access, and any other requirements specific to your business. This will help you narrow down your options effectively.
Engaging a real estate broker can be incredibly helpful. Brokers are experts in the retail spaces market and can quickly identify properties that match your criteria. While you can conduct your own search, brokers save you time and reduce confusion by offering tailored solutions from a trusted property developer in Abu Dhabi.
Is There Any Competition Around?
When choosing a retail shop for rent, consider the competition in the area. Are there businesses offering similar products or services? If so, this could impact your shop’s performance, especially if you are new to the market. Finding a retail space where your business can stand out and avoid oversaturated areas is crucial to long-term success.
Opt for a location that allows your business to differentiate itself while catering to its target audience. A well-placed commercial space for rent in a strategic area can make all the difference in boosting visibility and profitability.
Finding a Commercial Space for Rent in Abu Dhabi
Aldar is the developer of many malls featuring the ideal commercial shops for rent in Abu Dhabi including:
Al Jimi Mall, Al Ain
Al Jimi Mall is the leading shopping and entertainment destination located in the heart of Garden City. The mall boasts about 200 outlets.
Yas Mall
Yas Mall features the perfect combination of shopping, dining, and entertainment. The mall stands out among others in Abu Dhabi, spreading over 224,416 SQM and hosting 370 outlets and more than 90 restaurants.
Saadiyat Grove
Saadiyat Grove is one of our most comprehensive developments, offering individuals a new way of living, shopping, and entertainment. Upon its launch in 2023, Saadiyat Grove will be home to more than 70 beauty and fashion stores, food and drink outlets, a 50,000 SQM gym, and a 3,000 SQM working space.
As for open space shopping centers, Aldar has a variety of options including:
Souq Al Mina
Reflecting Abu Dhabi’s culture and heritage with a modern touch in the best way possible, Souq Al Mina offers visitors some unique experiences. This retail community provides about 107 outlets.
Mamsha Al Saadiyat
No one can embody the beauty of Abu Dhabi’s waterfront lifestyle more than Aldar. Mamsha Al Saadiyat is our distinctive beachfront retail cluster located at the Saadiyat Cultural District. It boasts a 1.4 km mesmerizing white sand beach and over 33 outlets.
Gardens Plaza
Combining authentic Arabian themes with some modernity, Garden Plaza is one of Aldar’s exquisite retail destinations in Abu Dhabi, featuring about 16 outlets.