Dubai's summer heat poses a challenge for landlords, but a tenant-focused approach can ensure consistent occupancy. Key strategies include prioritising apartments near public transport, maintaining quiet surroundings, and offering in-building gyms. Fully furnished units with efficient air conditioning and regular pest control are essential. Interior design improvements, such as pops of color and modern, space-saving furniture, enhance appeal. Colife, a Dubai-based property management company, suggests that apartments meeting these criteria can command 15% higher rents. By understanding tenant preferences, landlords can keep their properties occupied and profitable during the summer.
Dubai's scorching summer months can pose a significant challenge for landlords, with the risk of vacant apartments impacting their rental income. However, a strategic approach that prioritises tenant preferences can transform these properties into attractive summer havens, ensuring consistent occupancy.
Location is key. Tenants crave convenience, especially during the brutal heat. Aim for apartments within a 5-10 minute walk of metro, bus, or tram stations, as recommended by experts at Colife, an all-in-one solution for modern tenants,property owners, and private investors, headquartered in Dubai. While Dubai is a city on the move, some peace and quiet is priceless. If your apartment offers a respite from construction noise, it's a major advantage for attracting tenants, particularly those with families.
Building amenities also play a big role in attracting tenants during the summer months. In-building gyms are a summer essential. Tenants want to maintain their fitness routines, and with outdoor workouts becoming unbearable, a gym within the building is a huge draw, according to Colife. Many tenants, especially tourists, seek apartments that come fully furnished and equipped with all the necessary appliances, as highlighted by Kristina Zagrebelnaya, Colife Dubai designer. This saves them time and hassle during their move-in.
Inside the apartment itself, organization and functionality are key. Dubai is a popular expat destination, and many tenants bring cherished belongings, even if they aren't used regularly. Consider partnering with a storage company to offer discounted rates for tenants' less-used items, as suggested by Colife. An efficient air conditioning system is non-negotiable during Dubai's summer. Additionally, regular pest control ensures a clean and comfortable living environment,as highlighted by Colife.
Don't underestimate the power of interior design. While neutral tones have been popular, tenants are craving something more. Add pops of color with minimalist posters, trendy furniture, and decorative accents like pillows and plants, as recommended by Kristina Zagrebelnaya, Colife Dubai designer. Opt for comfortable beds, convertible sofas, space-saving wardrobes, and work-from-home essentials. Natural materials like wood are an added bonus. Avoid cluttering the space with outdated furniture - let light and functionality lead the way.
Studies by Colife, a Dubai-based property management company, show that apartments meeting these criteria can command rents 15% higher. Their team of experts can even help landlords with renovation estimates and execution,ensuring your property is summer-ready and highly attractive to potential tenants. Vyacheslav Kuznetsov, Head of Sales at Colife, shared, "According to our data, if an apartment meets most of these requirements, it can be rented out for at least 15% more. Therefore, at Colife, we always suggest to our property owners to make their apartments in Dubai more attractive to tenants. We prepare an estimate and make all of the renovations."
By understanding these key factors and catering to tenant preferences, Dubai landlords can create apartments that rent quickly and stay occupied even during the scorching summer months.
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