Rising star: a 15% return-on-investment success story
The 89 sqm one-bedroom apartment, with Burj Khalifa views, suffered from outdated design and limited guest capacity, hindering its short-term rental potential.
The 89 sqm one-bedroom apartment, with Burj Khalifa views, suffered from outdated design and limited guest capacity, hindering its short-term rental potential.
We undertook a renovation project with key improvements:
- Layout Optimization: The apartment layout was redesigned to include a second bedroom
- Interior Design Upgrade: The interiors were completely revamped, we added premium materials and a modern aesthetic to it.
- Enhanced Guest Capacity: The guest capacity was increased from 4 to 8
We undertook a renovation project with key improvements:
- Layout Optimization: The apartment layout was redesigned to include a second bedroom
- Interior Design Upgrade: The interiors were completely revamped, we added premium materials and a modern aesthetic to it.
- Enhanced Guest Capacity: The guest capacity was increased from 4 to 8
These upgrades significantly enhanced the apartment's appeal, attracting a wider range of guests and boosting occupancy rates.
- Increased Revenue: of €57,700 annually from short term rental with a net profit of €47,700 after all expenses such as service, utility, and management fees.
- Improved ROI: Total return on investment of 16% from capital gains and rent.
- Higher Property Value: From €525,000 to €632,000.
All these changes have made the property more attractive to families and groups, leading to higher occupancy rates and better performance overall. This transformation is a clear example of how smart upgrades can maximize returns in Dubai’s real estate market, turning potential into success.
