Opening up a company is easier than finding an office. There are many factors that come into play when you’re deciding for your UAE business’s workplace. To cut short your conversation on shared office vs private office Dubai, this comprehensive guide provides a detailed walkthrough, so you move into space and kickstart your success journey.
What Is A Shared Office?
Shared office is a concept that makes it possible for companies that own or occupy an office building with unused space to share or rent with smaller companies looking for flexible office space. The shared office provides you with convenience, flexibility, and affordability that a coworking space has to offer.
If you have unused space in your workplace and need to make extra income on the side – or even wish to grow connections, a property management company in Dubai can help you out by finding the best tenants for your space.
What Is A Private Office?
A private office space is personal. A private office is more expensive than the other shared workspace options. You have more room and privacy that can lead to more productivity, but in doing so, it can sometimes feel isolating. Some businesses need a private office space due to their line of work. A skilled Dubai real estate broker can help you find the best private office, space and location wise, for your business.
Pros & Cons of Coworking Spaces
To compare which is better; shared office vs private office Dubai, we present pros and cons of each category. If you still cannot decide, try partnering with Dubai property management company so your workplace related worries come to an end.
Pros
Cost-Effectiveness: Coworking membership tends to be less expensive compared to renting an individual office because common facilities lower the costs. This provides a financial option, especially for companies looking for office space in areas like Shoreditch or Soho.
Networking Opportunities: The open nature of coworking spaces promotes networking contacts among companies. This is likely to promote partnerships and collaborative learning.
Flexibility: Coworking centers offer rolling month-to-month agreements, allowing businesses to add/remove memberships as needed, again saving money.
Amenities: The majority of coworking providers, especially in Dubai, are likely to include additional services such as mail receipt and computer support. Some centers also give members access to health initiatives and free refreshments.
Access to Prime Locations: Prime UAE locations are expanding their coworking alternatives. This offers businesses the possibility of having their presence in these areas for less than renting a private office. For your business in Dubai, location matters the most. To handle this, commercial property real estate agents can help you find the best office spaces in top locations in the heart of UAE.
Cons
Limited Privacy: A shared space may not be suitable for some businesses that handle confidential information or require high privacy levels.
Distractions: As coworking areas are open floor plans, sound levels can affect productivity.
Limited Access: The majority of coworking spaces have fixed opening hours, which can be restrictive for companies that work late or across various time zones. Heavy usage of amenities such as meeting rooms and phone booths can also be a problem.
Limited Branding Opportunities: Limited access to the space can limit the ability to build a brand or make the space personalized.
Pros & Cons of Private Offices
Pros
Privacy: The atmosphere of private offices offers unmatched privacy to keep your business’s confidential data private.
Customizable: Private offices offer you more space for customization. The level of customization depends on the type of private office you rent. For example, a private serviced office does not allow you to put branding on the exterior of the building. A private leasehold office may allow you to fully furnish the space – but you would be responsible for the cost. Find the best commercial property for rent in Dubai with the help of a skilled Dubai real estate broker and make changes as you excel in your business.
Enhanced Security: A secure office controls who enters your office and when.
Company Assistance: Serviced office firms also include administrative assistance and IT support to allow businesses to focus on critical operations.
No Distractions: By renting an individual office area in a coworking center, businesses gain the privilege of limiting the number of distractions and interruptions their employees receive throughout the day.
Productive: When workers are not interrupted in their routines with unwanted conversations, they will likely perform better.
Growth Oriented: These offices are growth-focused businesses as they allow founders to scale down or scale up rapidly without having to worry about leasing rentals. Such an office allows a lot of flexibility and therefore, they can be designed to accommodate the best interests of an organization’s employee population.
Cost-Effective: Open offices can be set up at a nominal expense as they do not require expensive pieces of furniture in bulk. The per-head is cost-effective when companies are set up within open offices.
Cons
Higher Expenses: Private offices, especially serviced offices in locations like Central London, are more expensive than coworking membership.
Longer Term Commitments: Private serviced offices offer variable deals like coworking spaces. However, others have a minimum commitment of 3 months, which is higher than that of a coworking space minimum term.
Less Networking Opportunities: In a private office, fewer opportunities for ad-hoc contact and networking opportunities are available. If your business requires networking, look for commercial property Dubai to blend with the established businesses.
Redundant Office Routine: Private office rooms have nothing unique for their employees. So private office rooms are renowned for monotonous routines. Besides, the overall costs of having a private office room are also quite high in relation to an open office room.
In Conclusion
With this knowledge now in your hands about both office spaces,
You are sufficiently equipped to make just the right decision for your company. If you are a small startup with few resources at its initial level, maybe you can go in for an open office space, which will be the most economical option. But if you are a big company and you need utmost secrecy, then your best option could be a private office space.