How to increase your property value in Dubai
Dubai offers a plethora of real estate opportunities. Investing in property within the Dubai real estate market. Property owners can later benefit from renting out their property and enjoying a passive income from a high rental yield or reselling their property.
Naturally, the purpose of a property investment is to maximise your ROI. Many variables come into play that affect the rate of return from your property investment. Factors like property size, location and nearby areas can have an impact on your property’s price. You might think it is out of your control to increase the value of your property, but the truth is that with the right investments, you can impact the value of your property.
Here are 5 ways you can increase your property value.
1. Revamp your kitchen
Nothing’s more pleasing to the eyes than a visually aesthetic kitchen. Whether it’s the marbled counter or the wooden cupboards and the top of the line kitchen appliances, this is a highly valuable space within a property that can significantly impact its price.
Think about improving the layout of your kitchen, expanding its space and equipping it with the world-class kitchen appliances. We know the perfect guys who can help you remodel your kitchen and equip it with the latest technology. Take a look at Hackers kitchen catalogue, you won’t be disappointed.
2. Energy efficient home
One of the best ways to attract buyers/tenants is to help them out with their DEWA bills. Let’s face it, living in Dubai isn’t cheap and any way others help you save a few dirhams is highly appreciated. Highlighting your eco-friendly appliances will increase your property’s appeal and peak your buyer’s/tenant’s interest.
Here are a few things you install in your home that can help your clients reduce their energy bill:
- Install high efficiency HVAC systems
- Smart thermostats
- LED light bulbs
- Solar panels
Equip the property with a few of these lovely energy efficient tools to help out your future tenant or buyer to keep the DEWA bills low.
3. Renovate your bathrooms
Your guest and private bathrooms also add value to your property. Giving your property a visual improvement can significantly increase the price percentage of it. Equip it with stylish sinks, fixtures and fittings to give your bathroom a nice appeal to attract more potential tenants or buyers to your property. One piece of advice we can share is to convert your bath into a walk-in shower. Clients in Dubai seem to be more attracted to properties with this feature, rather than a property with baths.
4. Don’t forget about your garden
Improving your property’s garden comes a long way. Families are invested in having a nice garden where their kids can roam freely, let their imagination run wild and play with their furry friends. So make sure to invest in a landscaping service to keep your garden clean, well maintained and green, especially in the Dubai heat.
The improvement won’t take much of your time and effort, just cover what you need. Simply mow the lawn, remove unnecessary weeds, and cut back overgrown trees and shrubs and make room to assemble a nice garden feature like a pergola or a gazebo.
5. Upgrade your furniture
Invest in furniture to give your property a cosy ambience. Potential buyers and tenants love to imagine themselves in a property before making the decision to lease or buy. Make it easy for them to do so by providing a fully furnished property. Keep in mind that furnished properties typically rent for a higher price.
So there you have it. Executing on three out of these five tips will help you raise your property’s price above the market average. Invest in revamps, landscaping services and furniture to justify a higher property price and persuade buyers or tenants to submit a cheque for the asking price.