New Real Estate Trend: Dubai Apartment Owners Opt for Pricier Renovations to Stand Out

COLIFE BLOG

The demand for apartment renovations in Dubai is not going away. Some owners renovate apartments and do home staging after construction is completed; others buy apartments on the secondary housing market and want to update outdated repairs in Dubai. 90% of people who buy apartments through Colife Invest purchase it as an investment in order to rent it out and earn passive income. Owners say that doing the usual repairs and home staging the apartment is no longer enough. In order to attract tenants, your apartment needs to stand out in the market.

Therefore, the owners are not asking for standard repairs in Dubai but for something more eye-catching and expensive.

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There are many offers for renting apartments in Dubai. Landlords want to stand out from other offerings to attract tenants. We caught this trend and developed 3 special packages with repair options: Minimum, Business and Premium. Business, and Premium differ in more expensive, high-quality, and even exclusive furniture and appliances, creative decorative elements, and design solutions. Based on experience, we see that owners willingly agree to take more expensive repair packages.

says Vyacheslav Kuznetsov, Head of Sales at Colife.

How much does the repair in Dubai cost?

It depends on the number of rooms and the quality of furniture and appliances. For example, a studio renovation costs between 26,000 AED and 33,000 AED. And two-bedroom apartments cost 33-46,000 AED.

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The reality of rental housing proves that it is a really justifiable expense. This is not an overpayment, but a reasonable decision of the landlords. Tenants pay attention to apartments that differ from the tons of options. When choosing an apartment, tenants prioritize not only cost but also comfort and style. It’s obvious that people choose those apartments where it’s pleasant to live and where they feel at home.

says Vyacheslav Kuznetsov.

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