You can stay for a few days
The authorities aim to provide easy accommodation without complicated accommodation contracts or other arrangements. Accommodation is available for 15 days or one month. This means that you can rent the room for the duration of the stay without paying a large deposit, without a broker charge and without a large financial obligation.
Feature of. The Co-Living system does not have a check or other guarantee.
Targeting young professionals
It is mainly aimed at professionals arriving in the UAE for permanent employment, freelance employment and job search. Co-Living accommodation is mainly for young women living alone. There is also the potential for a community of professionals to thrive through this. Those working in the real estate sector are hoping that such a community will benefit those working in the sector and gain recognition among the youth very soon.
No annual lease is required
Accommodation in Dubai is usually available after one year’s lease agreements. Accordingly, in case of late stay in the meantime, a large amount of compensation will have to be paid. Moreover, such accommodation is currently available in Dubai only on payment of a large deposit. But the uniqueness of Co Living is that you can easily get accommodation without any of these. It does not require the signing of an annual contract with the building owners. Not only this, with the help of fire you can do welding. The convenience of this is that you only need to give 30 days’ notice to avoid delay.
Developers with Co-Living System
Emaar, one of the leading developers in Dubai, has already set up a co-living facility in the Dubai Hills. Arrangements are being made for this in the Jumeirah Village Circle as well. There is a special building here for co-living. It is estimated that more building owners will switch to this in the coming days. Residents will get fully furnished rooms with all amenities. Here you will find work-from-home facilities for the next generation of professionals, including high-speed internet. There will be no special deposit for water and electricity utilities. Co-living is a different system from holiday homes.
Clear guidelines will be issued
Holiday homes that last only a few days are expected to be relatively expensive and less expensive under the new system. At the same time, the new accommodation will be subject to strict regulations. The Dubai Real Estate Authority has issued guidelines in this regard. The authorities will also give clear guidelines on the maximum rent that can be charged and the facilities to be provided to the customers.