Impact of Interior Design on Property Value: Facts & Figures
Interior design significantly impacts property value, serving as a crucial factor in attracting potential buyers and tenants. In an article for the international real estate agency Bright Rich, we conducted an analysis of three districts in Dubai with diverse housing offerings to illustrate how successful design becomes a key to economic success.
We examined the residential complex Nicholas Residences in Jumeirah Village Circle, demonstrating how design can enhance apartment attractiveness for renters.
We also explored the new Beachfront district by EMAAR, highlighting how unique interior design can distinguish a property in the rental market and attract potential residents.
In the Bluewaters Residences district, we discussed how design can draw attention to listings on short-term rental platforms like Airbnb.
Our analysis meticulously considered monthly costs, potential annual profits, occupancy rates, and the percentage ratio of furnishing costs to annual income, each pivotal in determining a property's success in the real estate market. By comparing the properties in our study, we identified significant differences between self-furnished apartments, traditionally furnished ones, and designer options.
Ultimately, our research concluded that designer apartments exhibit higher occupancy rates, potential profits, and provide greater comfort and satisfaction for tenants. Therefore, investments in professional interior design justify themselves both economically and aesthetically.