Why Co-living is booming in Dubai? Why it is ideal for short stint workers?

It can take some time to adjust to a new environment and find the sections that best suit your interests and requirements. Finding a place to live in Dubai can be difficult at best, but the city’s introduction of co-living spaces aims to alleviate some of the stress that short-term renters encounter.

What is the concept of co-living?

Co-living, also known as co-housing, house-sharing, or room-sharing, is becoming increasingly popular in major cities across major cities worldwide. When a group of people, usually strangers, together share a common living area to save money and live a more economical lifestyle, it is referred to as co-living. Apartment buildings geared to co-living circumstances will have 2 or 3-bedroom units with shared living, kitchen, and dining rooms. Private or shared bedrooms and baths are available.

Co-living places differ from traditional shared renting situations in that they are typically furnished, do not require long leases, and almost always include utilities. Housekeeping services are available, and some even provide food for renters. Co-living property managers oversee the building’s billing and repairs via an app.

Co-living is most popular among millennials and young professionals in large cities and tech centres like Dubai. People of all ages who require inexpensive accommodation are increasingly considering co-living as a realistic option.

Why it is a new buzz in Dubai?

Developers of co-living housing are offering monthly payment choices, zero broker commissions, and no utility deposits. The flats are normally furnished and equipped with all of the extras that residents may require for their profession. This could very well be the direction in which Dubai’s rental market moves, at least for short-term stays. As a result, the penalty-free clause is crucial.

According to industry sources, the UAE’s recent set of residence reforms, which include the introduction of freelancer and job-seeker status visas, all indicate to the necessity for greater flexibility in dealing with landlord-tenant contracts and relationships. It’s a good start to provide penalty-free departures upfront.

Platforms live Anyspace and Hive Coliv offer flexible co-living options at many ideal locations in the city. Their easy and seamless process of spotting a spotting place to share with like-minded people makes them quite popular.

Read more: How rising inflation is affecting UAE?

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