How Renovation Services in Dubai Increases Your Property Value by 2.7%?
Introduction
People know Dubai for its skyscrapers and rich lifestyle accustomed by world class architecture. You won’t see any building whether residential or business that’s not up to par. They always seek to upgrade their spaces to keep with the dynamic spirit of the city. Perhaps that’s why renovation services in Dubai always stays in the loop.
It doesn’t matter if it’s a home, office, or public space. Renovation improves every building’s function, their appearance, and sustainability. Now let’s learn about renovation types, processes, and budgeting and get some insights into renovation services in Dubai.
Why Get Renovation Services in Dubai?
- Increase Property Value: Your property will tremendously increase its value, helping you succeed in Dubai’s competitive market. A study has shown that by merely adding wood deck, you can increase the property’s value by 50.2% [1]. Similarly, kitchen remodeling elevates your property value by 85.7% [2].
- Improve Functionality: When you improve the internal layouts, materials, and install modern gadgets, it makes your space more functional. Improving functionality basically means increasing the comfort and efficiency. Perhaps that’s why new home buyers spent up to $30,000 on renovations, according to a study by Houzz [3].
- Modernize Aesthetics: Your property attracts more investors, tenants, and visitors if its renovated according to the current trends. That’s why, in the current era, 11% of consumers [4] own a minimum of three home control devices. Besides that, there are 46% of homeowners [5] who buy smart devices for there residential and office spaces.
- Energy Efficiency: The rise of green living has increased the need of energy-efficient upgrades when renovating office and personal spaces. Not only does it impact the environment but also helps with the overall costs. Real estate properties integrated with energy-efficient renovation sells 2.7% more [6] than other ones.
3 Types of Renovations in Dubai
1. Facelift Renovation:
Focus: Cosmetic changes that do not alter the structure of the space.
Common Updates: Painting, new fixtures, and minor decor enhancements.
Duration: Typically, quick to complete, often within a few weeks.
Facelift make a real estate property look better and fit in nicely with its neighbourhood. You start by fixing any big structural issues like adding pillars or getting new windows. Then you clean up the outside by removing junk and washing everything with a power washer. If the paint is peeling, you might want to paint the building in color that matches the area. You can add shutters in a matching color to make it look nice. Plant bushes, flowers, and plants around the front to make it more inviting.
2. Pull and Replace Renovation:
Focus: More extensive than facelifts, involving the replacement of significant components without altering the structure.
Common Updates: New cabinetry, appliances, flooring, and comprehensive interior decorations.
Duration: Longer than facelifts due to the complexity of the tasks.
Pull and replace renovation improves the look of your kitchen or bathroom without affecting their layout. You won’t be earing everything down like you do in a full renovation. Instead, you keep the basic setup and just improve how it looks. New cabinets, countertops, fixtures, or flooring is typically installed in this renovation type. You get a new look without creating mess or spending a lot of money.
3. Full-Scale Renovation:
Focus: Comprehensive transformation involving structural changes.
Common Updates: Wall reconfigurations, complete overhauls of plumbing and electrical systems, and major aesthetic upgrades.
Duration: Several months, depending on the scale and complexity.
Full-Scale Renovations lets your property transition into your dream workplace or residency. It covers everything from kitchens and bathrooms to basements and exteriors. Everything is done with a keen eye for detail, focusing on customer satisfaction to the utmost level. Whether you’re dreaming of changes like a modern bathroom or an open kitchen, full-scale renovation can help you achieve that.
Detailed Budgeting for Renovations in Dubai
Start off by defining exactly what changes you want to make and your decide your budget keeping in mind materials and labor costs. Plan for extra budget by setting aside 20-25% for covering things like permit fees and unexpected delays. It could include machinery rentals or temporary housing extensions. You can simplify the process by consulting professional renovation companies in Dubai early on.
Item |
Estimated Cost (AED) |
Actual Cost (AED) |
Notes |
Contractor Fees | 50,000 | Based on quotes | |
Materials | 30,000 | Tiles, paints, etc. | |
Permits | 5,000 | Check with the DMCC | |
Design Fees | 15,000 | If applicable | |
Contingency (20%) | 20,000 | Unexpected costs | |
Total | 120,000 |
Source: Internal estimates based on typical Dubai renovation projects
Understanding the Difference: Renovation vs. Remodelling in Dubai
Dubai people use the terms renovation and remodeling interchangeably. However, you must distinguish between these processes as a homeowner and investor. Let’s quickly clarify these terms to help you make informed decisions:
Aspect |
Renovation |
Remodeling |
Definition | Improving a damaged or outdated structure | Changing the structure or form of a space |
Focus | Restoring or repairing existing features | Altering design and function of a space |
Examples | Repainting walls, replacing faucets, repairing flooring | Knocking down walls, adding a bathroom, converting space |
Goals Considered | – Satisfied with existing layout | – Significantly altering layout/functionality |
– Updating or repairing features | – Adapting space for different purpose | |
– Enhancing with minimal structural changes | – Seeking major transformation | |
Dubai Market Implications | – Generally less regulatory involvement | – Often requires extensive permissions/inspections |
– Can be less costly | – Tends to be more expensive due to scale | |
– Increases value with updates | – Potential for higher appreciation with major changes |
3 Most Common Renovations in Dubai
1. Kitchen Upgrades:
Kitchens in Dubai are gathering spots for social and family-focused people. People require upgrades that include countertops with luxury materials like quartz or granite. Updating cabinets and fixtures gives the kitchen some more storage and workspace. It creates a stylish and practical kitchen that fit Dubai’s modern lifestyle and love for gatherings and food. Integrating your kitchen with smart refrigerators and ovens for easier cooking is commonly done too.
2. Bathroom Renovations:
Dubai people often look to renovate their bathrooms and restrooms to make them more luxurious and relaxing. Adding fancy fixtures like rainfall showerheads and standalone bathtubs can help them achieve the look and comfort they desire. They also want high-quality tiles for the walls and floors with underfloor heating/cooling system. Automated toilets for extra comfort and convenience also adds to the list.
3. Living Space Enhancements:
People in Dubai desire to make their home and office more welcoming and spacious. This requires changes like taking down walls to create larger spaces and connecting spaces between rooms. Materials like hardwood or high-quality tiles for the floors adds style and durability. Some people also prefer installing modern entertainment systems that turns the home more into a more attractive and enjoyable place complementing today’s lifestyles.
Key High-Cost Areas in Renovation
Structural modifications like altering load-bearing walls or adding extensions costs a lot. It is followed by the engineering and architectural design fees too. Then we have cconstruction and labor costs.
If we talk about kitchen, integrating coffee machines, smart ovens and luxury countertops requires a good budget. Or if you want bathroom spaces to install durable materials, designer taps, spa-like showers, heated floors and high-tech toilets, that can become a great budget deal too. To simplify all this stuff, you should consult with professional renovation companies in Dubai. They can help you with all this.
Looking for the Right Contractor in Dubai
When you choose a contractor for your renovation project in Dubai, it’s important that they have the proper license and insurance. To evaluate their work quality, review their past projects and talk to previous clients. Keep in mind that most renovations in Dubai require permits from the relevant authorities.
Before signing a contract, have a legal expert review it to ensure that the timeline, payment, and project scope are clear. Also, make sure the contractor has adequate insurance coverage and consider getting extra coverage to protect yourself from potential damages.
Conclusion
Renovation services are highly demanded in Dubai because the city values staying up-to-date with modern styles and features. Whether it’s making spaces work better, improving how they look, or using energy wisely, renovations help properties stand out. Although renovations can help your property elevate its value, you can’t get it done right without hiring good contractors who understand the rules. Fajr interiors is a company that offers home renovation in Dubai. Contact them today and get customized renovation solutions to upgrade your living or work spaces.
Also Read:
Home Renovation Services and Villa Maintenance in Dubai
Reference:
https://www.investopedia.com/articles/mortgages-real-estate/08/add-value-to-real-estate.asp [1]
https://www.investopedia.com/articles/mortgages-real-estate/08/add-value-to-real-estate.asp [2]
https://www.houzz.com/magazine/2022-u-s-houzz-and-home-study-renovation-trends-stsetivw-vs~159821097 [3]
https://www2.deloitte.com/us/en/insights/industry/telecommunications/connectivity-mobile-trends-survey.html [4]
https://www.nar.realtor/magazine/broker-news/network/prep-agents-with-6-smart-home-facts [5]
https://carilec.org/energy-efficient-homes-2022-top-30-energy-facts-and-statistics-2/#:~:text=Energy%2Defficient%2Drated%20homes%20sell,more%20than%20lesser%2Drated%20homes.&text=51%25%20of%20real%20estate%20agents,from%2032%25%20in%202021). [5]