5 tips for renovating an apartment in Dubai, if you want to rent it at a higher price

So, you bought a residential property in Dubai and you plan to rent it out. But you have a strong feeling that the current condition of the apartment is not attractive enough and the competition in the market is high so that the flat will not be rented regularly or you will earn less from renting it than you planned. Yes, you need to renovate. And here are five tips to avoid mistakes and consider what really matters.

1.Focus on durability, not trends.
Following trends and having a fresh, modern renovation is a pretty appealing goal and prospect when you're renovating for yourself. But it's not the right approach when the goal is to receive maximum income from the property you're renting out.

Instead of focusing on trends that will make your property look old-fashioned in just 5-10 years, invest in durable, hard-wearing materials that are easy to clean and maintain.


2.Follow the budget.
At the start, it may seem that absolutely any upgrade will pay off in the long term. But that's not quite the case. It' more like a great chance to spend twice or three times more than you originally planned.
To avoid taking impulsive steps, work out a clear renovation plan, and then fix a budget for that plan.

Then you'll have transparent answers to the questions of what you can really afford and what you can't, and where is the amount you need to stop and say: it's enough! This ensures that you won't be tempted to do a long, never-ending, perfect renovation that is essentially unnecessary and not worth it.

3.Universality.
What you, your family or friends like may not always satisfy the person who is planning to rent your property. Any special solutions that are far from universal will automatically limit the range of people who call and are interested in renting. Look for massively popular solutions, unless you're betting on design uniqueness as a competitive. advantage.


4.Plan ahead.
If you currently have tenants living there, when they move out, you literally have to make renovations immediately. Otherwise, it will take longer and you'll be losing money every month. That's definitely not in your best interest. A plan prepared ahead will help to solve this problem.


5.Consult with the experts.
The key idea here is this. You will be making costly decisions that will affect how much you spend and how much you earn. Expert advice is free at the start in many cases and does not oblige you to do anything. But you will get answers to the questions you are concerned about.