People talk about growth in the property sector, but seldom due investors focus on the staff accommodation market. This, particularly in Dubai, has recorded a significant increase in demand across the Emirates.
More than 65,000 units will be required over the next three years to accommodate the increasing number of labourers.
Further growth in intensive manpower sectors such as hotel and retail has also led to a shortage in executive staff accommodation at affordable rates.
We cover all aspects of staff accommodation, whether you need just a few rooms or a full building, accommodation for executive staff or indeed a plot where you can build to suit your own specific needs.
With our dedicated staff accommodation team, we can provide a complete market offering in addition to the experience and understanding of your needs.
Housing accounts for at least 40 per cent of an employee’s total remuneration package. However, as housing costs have significantly increased, employees are now looking at securing packages inclusive of accommodation rather than paying for it separately.
Continuous fluctuations in rents have forced most manpower intensive companies to look for long-term contracts or owning the properties rather than paying house rent allowances.
Long-term contracts help companies to secure rents at a lower than market rate and improve predictability of cash flows.
Mobilisation is another key benefit of keeping staff together in one place rather than in different areas of the city.
As a result, high occupancy rates have been recorded in existing executive accommodation.
Unlike other parts of the world, there are very few companies providing staff accommodation services.
For any of your questions, we have the answers.
|Area:||Silicon Oasis and Dubai Land|
|Type:||Leasing full buildings|
|Annual rent:||AED 7,000,000|
|Client:||ACCOR Group Novotel|
Building Management LLC
|Type:||Leasing full building|
|Area:||Dubai Investment Park|
|Annual rental amount:||AED 2,500,000|