3 bedroom transformation from €1.3m to €1.8m
Before:
This 169 sqm three-bedroom apartment boasts stunning Burj Khalifa and Dubai Fountain views. However, its outdated design and limited appeal to larger guest groups hindered its potential as a high-yielding short-term rental.
WHAT WE DID:
We carried out a well-planned renovation with key improvements:
- Space Improvement: We reviewed the existing three-bedroom layout, focusing on optimizing the flow and functionality of each room.
- Interior Design Upgrade: The interior design underwent a complete refresh. with premium materials and a stylish, modern aesthetic
- Increased Guest Capacity:we maximized the sleeping capacity to accommodate up to 11 guests.
AFTER:
The apartment now offers a modern interior and optimized space utilization, accommodating larger groups and maximizing earning potential
Key highlights:
- Increased Revenue: of €135,300 annually from short term rentals, with a net profit of €116,200 after all expenses such as service, utility, and management fees.
- Improved ROI: Total return on investment 18.90% from short-term rent and capital gain.
- Increased Property Value: From €1,380,000 to €1,820,000.
Outcome:
Strategic property enhancement proves to be a powerful approach in Dubai's competitive market. This renovation demonstrates how intelligent design and precise execution can dramatically increase a property's value and investment returns.
