Numerous residents who invested in Home renovations of some of the best villa neighborhoods across Dubai are now smiling to the bank as experts reveal that the returns have been irrefutably exemplary. For example, the folks at Al Barari have raked in up to $10 million profits by spending about $3 million on pricey enhancements.
Ellie Street from the Area Sales Manager at Maria Morris Real Estate adds that most of these renovations encompass facilities such as cinema, home theatres, indoor and outdoor swimming pool facilities, aerobics or gym facilities, steam and spa facilities amongst others. These investments can increase property values by $10 million, such flashy luxury villa prices having gone up sharply.
The phenomenon proceeds from the enormous demand from global markets for prime living spaces, with villas’ price tag averaging well over $560 per square foot. Other regions of Dubai that are experiencing healthy demand include The Lakes, Jumeirah Park, and Jumeirah Islands; however, such home remodeling work can attract steep markups. Of these products, turn-key, fully upgraded are for sale provide the biggest profit where the, luxury home with built-in amenities and ready to move in appeals to the luxury home buyer, particularly HNI.
Among those, the most common strategies shift on the improvement of better quality finishes and the use of eco-friendly materials that are very important to the higher-end consumers. Elicyon’s Founder and Director, Charu Gandhi says much the same when describing these kinds of dashboards, to focus on quality rather than quantity. Despite escalating prices of building materials and labor, male homeowners in dubai stand to gain attractive returns by investing insightful cash on home improvements.
Image: La Maison Amal Villa in Al Barari
