Beyond ordinary: a strategic renovation of a 1 bedroom
Before:
This 112 sqm one-bedroom apartment boasts stunning sea and Palm Jumeirah views. However, its single bedroom limited guest capacity to four, restricting its appeal for short-term rentals.
WHAT WE DID:
To transform this apartment into a professional short-term rental haven, we implemented a strategic renovation plan:
- Space Improvement: We reviewed the existing one-bedroom layout, focusing on optimizing the flow and functionality of each room.
- Interior Design Enhancement: We used high-quality materials and curated a modern, aesthetic.
- Expanded Guest Capacity: The renovation allowed us to increase the guest capacity from 4 to 10
AFTER:
This warm and inviting space, accommodating up to ten guests, offers a sophisticated blend of premium materials and modern design. Perfect for discerning travelers.
Key highlights:
- Increased Revenue:Of €68,500 from short term rentals, resulting in a net profit of €54,100 after all expenses that include service, utility and management fees.
- Improved ROI: Total return on investment 13% from short-term rent and capital gain.
- Increased Property Value: from €525,000 to €600,000
Outcome:
Navigating the competitive Dubai real estate landscape, our strategic renovation shows how intelligent property enhancement can create substantial financial potential in the short-term rental sector.
