High Demand for 'Co-Living' Spaces in Dubai

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In Dubai, a significant number of first-time residents, particularly those in their 20s or early 30s and navigating new job roles or projects, are increasingly opting for co-living rental options.

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This trend is evident as co-living rental spaces are becoming more prevalent in listings, with lease rates also showing signs of stabilization, according to market sources.

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Danielle Hall, founder of Co-Living Legends, noted, "When I search across Dubai, the last one came back with 3,500 (co-living) rooms (listed)." Co-Living Legends works closely with developers and landlords to lease and manage such rental properties.

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According to market sources, if the current demand levels persist, the co-living market is poised to rapidly expand, potentially adding another 3,000-5,000 rooms in a short period.

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Listings indicate that current co-living room rentals start at AED4, 000 per month and can exceed AED 6,000 for top-of-the-range options. Evidently, individuals seeking co-living spaces in Dubai prioritize convenience and lifestyle over cost, opting for higher-end options.

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