Build to rent is a buzzing investment opportunity for all those seeking to earn huge profits after investing in Dubai properties. They take a few different forms to cover a number of aspects with respect to style, size, and price brackets. With such a combination and variety available, it allows a diverse range of tenants to find options that best suit their individual needs.

Moreover, there are several methods for creating the ideal BTR project. The correct one will depend on the area and brand, but there are a few design elements that are required for a purpose-built BTR community.

Here we have compiled a list of ingredients that will make build-to-rent houses, townhouses, duplexes or even apartments for rent in Dubai a total success.

Read ahead to know more:

1. Choose the appropriate location.

The site, as with any housing project, is critical. And, because build to rent is a service-based housing solution, the target audience is critical. BTR can provide housing in connected areas that would otherwise be out of reach for commuters, but the location must be suitable to support the density and the community’s long-term viability.

2. Determine the correct quantities

In terms of operational efficiency, a scheme needs over 200 units to be feasible for BTR; most operators/investors tend to aim for 250. Some of projects tend to go as high as 500 or more units and are located in central, metropolitan, and suburban areas. Nevertheless, it takes 500+ units for a scheme to deliver all of the BTR bells and whistles, after covering the operational costs!

3. Mix it up

Along with retail space or other commercial uses, BTR can work with a variety of different tenure mixes. It can be a component of the “co” revolution, with co-working and co-living communities that are outward facing. They can also be used as a standalone application. The development should not be a walled community, but rather engage with the public world while protecting residents’ essential private space.

4. Make everything in one batch

Create a single-phase design. BTR absorbs significantly more quickly than market-rate housing. This is fantastic for creating a sense of place and kicking off a larger regeneration, but it’s also necessary to get the job done.

A single phase of place making should focus on a single core to encourage social interaction and ensure that all residents have equal access to amenities. Residents should get the impression that they are renting the entire building rather than simply their unit. Internal plans, such as having a huge central space for residents and the larger community, are extremely vital to the building’s operating efficiency.

5. Blend

Create a variety of apartment plans to fit various budgets: small, medium, and enormous. Expert builders have suggested that creating ‘dumbbell’ two-bedroom apartment with similar bedroom layouts remain a successful feature.

Moreover, blending in a number of developmental styles help accommodate layout and rental requirements to a larger customer base. To develop a community, it’s important to provide variety to appeal to all user types.

6. Avoid overcooking it

To improve maintenance, durability, and replacement plans, specifications should be concise. Because this is not a hotel, tenants must be able to customise, paint, hang stuff on the walls, and otherwise personalise the room. They are more likely to stay longer if they can make it feel like home. Developer spending is shifting away from apartments and toward amenity spaces, thereby creating value.

7. Include features that appeal to your target market

Change the use of some of the amenity area from private to communal. Every BTR project should offer primary shared amenities (letter delivery, lounge area, back of house storage, loading bay for move in and move out, garbage collection facilities), as well as supplementary amenities that define the brand.

Moreover, community facilities like gyms and swimming pools must be evaluated on a regular basis, both in terms of their value to the community and their operating expenses.

The Takeaway

Fostering a feeling of community within a BTR development is critical since it leads to greater retention rates, which improves the development’s financial success, hence improved profitability. People stay put when they like where they live and who they live with.

Therefore, figuring out the right build-to-rent locality is very important. One can go explore them or simply check them via real estate agency in Dubai that provides accommodation facilities. However, make sure to conduct your preliminary research before signing the contract.