Are you buying a flat in Dubai? If so, it’s crucial to ensure that it remains occupied during the scorching summer months. Understanding where tenants prefer to live and what amenities they are looking for is essential. To assist with this, the CoLife organisation provides some recommendations. The company has studied which apartments in Dubai are in the highest demand.
The location of an apartment is extremely important. The most popular areas in Dubai include Dubai Marina, Business Bay, Downtown Dubai, and Jumeirah Lake Towers. During the summer, proximity to transportation is vital. The commute to the metro, bus, or tram should not take more than 5 to 10 minutes. Some tenants prefer apartments in quieter, less noisy areas of Dubai away from construction sites, although such options are quite limited. If you have such an apartment, it may attract affluent tenants. Additionally, tenants often look for amenities such as swimming pools and gyms, so it’s important to ensure these features are included in your apartment.
· In a tourist city like Dubai, people prefer fully furnished apartments. “At CoLife, tenants appreciate our commitment to apartment management and other aspects. We always manage three functional zones: bedroom, workspace, and storage spaces. Additionally, we provide accessories such as refrigerators, washing machines, stoves, kitchenware, dining utensils, bedding, posters, textiles, and candles. We have also recently added coffee machines, TVs, and wireless speakers,” said CoLife Dubai designer Kristina Zagrebelnaya.
· Dubai is a city of expatriates. People who move here often bring items that are not used regularly. To store these items safely, storage space is necessary. CoLife manages compact apartments for daily use, which means there isn’t enough room for large items. To address this issue, CoLife has partnered with storage space companies. These companies securely store tenants’ items at discounted rates. Furthermore, an efficient AC system is crucial for apartments in Dubai. Without it, tenants are likely to vacate the apartment.
· It is important to ensure that pests like cockroaches and ants do not infest the apartment at any time of the year. Additionally, vacant spaces in the apartment should be well-filled. Even small items like rugs, cushions, posters, plants, and vases are critical for appeal, says Kristina. Tenants prefer comfortable beds, convertible sofas, tables with chairs for work and dining, space-saving wardrobes, and large full-length mirrors. It is better to avoid large curtains and bulky TV stands. According to CoLife’s data, if your apartment meets these requirements, you can charge at least 15% higher rent. Overall, demand is high for apartments that understand and address location, building amenities, interior design, and tenant preferences.
