A recent study by Betterhomes reveals a significant shift in tenant preferences within Dubai’s rental market, highlighting a growing demand for professionally managed properties.
Key Findings:
- High Occupancy Rates: Betterhomes’ professionally managed portfolio boasts a 96% occupancy rate, indicating strong tenant preference for such properties.
- Maintenance Expectations: 83% of tenants expect maintenance issues to be addressed within 24 hours.
- Decision Influencers: 54% have declined properties lacking professional management, and 69% have considered relocating due to poor maintenance.
- Enhanced Living Experience: Among those who have experienced both managed and non-managed homes, 72% reported that professional management significantly improved their rental experience.
- Willingness to Pay More: 42% of tenants are willing to pay higher rent for properties offering 24/7 support, with an additional 32% somewhat open to paying more.
These insights suggest that property owners in Dubai’s competitive rental market may benefit from investing in professional management services to attract and retain quality tenants.
