The Growing Popularity of Creative Co-working Space in Dubai

More specifically, in the UAE, Dubai is considered the largest market for flexible space in the Middle East and North Africa (MENA) region. Between 2014-2016, the flexible office spaces in Dubai have tripled from 50,000 square meters to 160,000 square meters. As of 2021, the emirate is home to 40 different operators of flexible offices, of which the main focus is on creative co-working spaces. Surprisingly, the growing popularity of creative co-working in Dubai is not restricted to freelancers and small-time entrepreneurs alone. Nowadays, big corporations are also shifting towards a creative co-working space model. 

Even amidst the pandemic, the demand for creative co-working spaces has risen in Dubai. It’s believed that the market for creative co-working spaces is expected to grow even further in the coming years, especially as the majority of the business in Dubai is considering flexible workspace solutions as a convenient and hassle-free solution. Here are two main reasons why creative-co-working spaces are growing popular in Dubai. 

Cost-Effective 

The pandemic has shifted a substantial financial burden for businesses of all scales, not just in terms of profitability but also in the actual cost of running a business. Besides, financial uncertainties are one of the most overwhelming business risks that have become overwhelming to deal with. On average, it’s believed that co-working spaces could be 60%-70% more cost-effective than a traditional office. This is one of the main reasons why a business hub like Dubai, having a massive pool of emerging entrepreneurs and startups, has been consistently attracted to the concept of co-working.

With its advanced creative and technological capacity, Dubai has upgraded the concept of creative co-working to a much more strategically value-adding workspace solution. As a result, nowadays most-Dubai based co-working spaces have amenities and facilities that are convenient and productive than a typical traditional workspace- and are also made available for an affordable price, thereby enhancing its attractiveness as an ideal workspace solution. 

Ability to grow a professional network

If you take typical business offices or traditional workspaces, they are confined or somewhat restricted to the company or business and its employee or workforce alone. However, in a multicultural business hub like Dubai, there is plenty of access to people with different business, cultural and talent profiles. In such a demographic location, creative co-working spaces are the ideal connection spot that allows businesses to come across such prominent people and build networks that can benefit their business or entrepreneurial journeys. On average, at least 82% of professionals believe that creative co-working spaces expand professional networks, with 64% saying co-working spaces are an essential source of work or a business referral. 

Especially for startups and emerging entrepreneurs in Dubai, co-working spaces are becoming an excellent opportunity for collaborations and knowledge sharing with people from different countries, cultures, industries, and backgrounds of businesses. 

On the other hand, because Dubai is becoming an incredibly competitive business location, medium and large companies are also strategically using creative co-working spaces to open their eyes to new, exciting, or competitive startups for collaboration and acquisition purposes. 

If you’re looking to avail these benefits of a creative co-working space in Dubai, contact us at my office. As one of the leading providers of business centers in Dubai, we have flexible workspace solutions for businesses of all scales and workspace necessities.