When talking about the real estate market in Dubai, people often forget to mention the staff accommodation market. It is estimated that over 13000 buildings are currently being constructed in Dubai. Real estate investors have made a note of this and are developing more and more staff housing developments. As on date, the collective value of the ten best and largest projects in Dubai is approximately $50.5 billion. The largest property is The Lagoons being developed by Emaar Properties and Dubai Holding.
It has been estimated that over 63000 units of staff accommodation such as villa for staff accommodation in Dubai or labour accommodation for rent in Dubai will be required in the coming years to accommodate the increasing labour population in Dubai. Due to the increasing demand for staff accommodation for rent and staff accommodation for sale in Dubai, the rental and property sale prices have witnessed a huge jump. The price of a staff accommodation bed has also spiked from approximately Dh 200 per person per month in 2009 to almost Dh 400 per person per month now.
Dubai Investment Park has become the most preferred staff accommodation location due to its proximity to some of the major construction projects. Moreover, sudden growth in manpower-oriented industries such as the retail and hotel industries have resulted in the shortage of hotel staff accommodation in Dubai. Government surveys show that almost 25% of the labour population in Dubai is employed in the hospitality and retail industries.
Due to the rising prices of apartments for rent and apartments for sale in Dubai, employees are looking at securing employment offers that include labour accommodation in Dubai for rent as a part of the package.
Regular fluctuations in the rental prices have pushed companies with large manpower to find long-term staff accommodation contracts and staff accommodation for sale in Dubai instead of labour accommodation in Dubai for rent. Long-term staff accommodation contracts help companies obtain lower rental rates than the market rates and enhance certainty of cash flows.
Staff accommodation services are not easily available in Dubai. Therefore, several manpower-heavy companies are investing in staff housing projects. For instance, Imdaad, a facilities management firm, has invested Dh 100 million in building a staff accommodation complex. The company is also all set to buy staff accommodation for sale for its top-tier management.
Most of the companies buying staff accommodation or hostels in Dubai for employees are companies in retail, hospitality, and facilities management. And, the majority of these staffing complexes are located in areas such as Dubai Silicon Oasis, Sports City, and Dubailand. Many companies are also exploring staff accommodations in areas such as Ajman and Sharjah. have now started investing in residential projects for employees too. While some companies have already started the development process, many companies are yet to assess the need and come up with better staffing solutions for their employees. Looking at the potential of the staff accommodation market in Dubai, many global players have also entered the game and are now planning to invest in the staff accommodation real estate space in Dubai.
Since decades, the staff accommodation sector has been ignored by major real estate developers in Dubai. Nevertheless, as the staff accommodation market is growing and the demand for labour accommodation in Dubai for rent and staff accommodation for sale is increasing, big real estate players
Make sure you ask your interviewer the following housing-related question during your interview – ‘Are they providing free accommodation?’
As already mentioned above, many Dubai companies, as well as international companies with offices in Dubai are buying staff accommodations for sale so that they can offer free staff accommodation or rental staff accommodation to their employees. Some companies are also adding housing allowances to the package that are being provided in the form of free staff houses.
Elanat.com – The best platform to find Staff Accommodation for Sale in Dubai
Elanat.com is a one-stop destination to buy and sell staff accommodation in Dubai. You can check our ‘Featured’ listings section or browse through the detailed list of staff houses for sale in Dubai. All you need to do to get started is enter the preferred area and building. If you want to pick a staff accommodation based on other search criteria, you can use the ‘Advanced Search’ functionality to find what you’re looking for.
You can also check the properties listed by ‘Property Owners’ and ‘Agents’ separately. Sounds interesting? Get started before the right staff accommodation for sale in picked by some other company.
Do you have any questions regarding Staff Accommodations? Elanat.com is here to help you connect with Property Agents & Owners directly. Connect with Real Estate Agents & Owners: Query, Consult & Finalize.