A new residential concept called co-living is apparently seeing good buyer demand in Dubai's real estate market.
That's according to the team at Property Finder, which says that over 900 registered transactions for both off-plan and secondary co-living spaces have been completed in the emirate already.
Co-living involves people having their own private apartment but sharing common spaces.
Experts say that the more affordable real estate concept is increasing in popularity, especially amongst millennials.
Carla Maria Issa, Senior Research Analyst at Property Finder, explains.
The findings from Property Finding also revealed that Emaar projects account for most sales in the segment, while Nshama’s UNA is priced most competitively among co-living projects.
NCM forecasts cloudy weather, rain in parts of UAE
Sri Lankan President thanks UAE for flood relief efforts
Dubai’s beaches, parks reopen as weather improves
Some Dubai flights cancelled due to adverse weather conditions
Dubai deploys special patrols, emergency crew to monitor traffic during rains
Dubai private schools to shorten Friday hours from January
UAE leaders congratulate Morocco on FIFA Arab Cup win
UAE ministry urges remote work for private sector in weather-hit areas
