Commercial Buying Process

Your first decision will be to decide upon your investment strategy. You want a commercial property  that`s clear but should that be an office or some retail space perhaps? Your Smith & Ken designated consultant can guide you through all commercial areas that are available on our database direct from owners.

There are many commercial freehold areas to choose from but only you know what suits your investment needs Business Bay, Jumeirah Lake Towers and TECOM are our preferred locations for maximum ROI. Our agents can advise you on areas you may be unfamiliar with and guide you every step of the way of your commercial investment.

One of the most important steps is to work out your finances, if you are a cash buyer this could mean that you can get yourself a better deal with an owner/seller and give you the upper hand on negotiations. If you are buying on finance or with a mortgage how much can you afford on the downpayment and for monthly installments over the period of repayments for the commercial property you are looking to buy.

When you instruct Smith & Ken as your agent when buying a commercial property rest assured your best interests are priority and we will work with you every step of the process to make it stress free with the end result you want. Take a look what our past clients had to say about us on our testimonials page as a reference to our work ethics having sold thousands of commercial properties over the years we consider ourselves specialists.

To maximise viewing opportunities be sure to contact your designated Smith & Ken consultant so that they can arrange as many viewings as possible with the owners and landlords for the commercial properties that you want to look at. This means that on any particular morning, afternoon or evening we can fit in as many viewings as possible to give you a real choice of what is available and the different locations that you are considering.

Part of our service is to advise you on making an offer on a commercial property sometimes the timing can be crucial and has to be made at the right time and can be the difference in either securing the commercial property on your wish list or loosing our to another buyer. There are also situation when we are aware of an owner or landlord who needs to sell quickly and therefore we can get you a great deal.

Once you have decided on your commercial property of choice and once your offer is accepted we will then prepare a sale and purchase agreement and write to all parties to confirm the agreed price and confirm your solicitor's details for us to liase with them should we have any questions.

We can also proceed with the conveyancing process and your mortgage application if you are buying on finance

As with all steps in the commercial buying process it is part of our service here at Smith & Ken that we prepare a draft sales and purchase agreement that we then give a copy to your solicitor so that they can also act in your best interest. Our agreements are all RERA attested and certified. Once the agreement is finalised your deposit shall be passed onto the owner or landlord to secure the property.

As part of our commercial conveyancing process at Smith & Ken we will raise any quiries on receipt of the draft contract from the seller's solicitor and agree on a date for exchange of contracts and transfer.

We will assist your solicitor and negotiate throughout the process, keeping you informed every step of the way.

The last and final stage of the commercial buying process is the transfer of ownership and title from the seller to the buyer this is usually done at the master developers office. There is usually a transfer fee involved and this can vary from developer to developer consult your Smith & Ken designated agent for more information on this.