DUBAI: Tenants at most flats in Dubai usually do not stay long in one place over a host of reasons, top of which is to level-up to a more comfortable one where the landlord is less stressful to deal with.
This according to a study by ServiceMarket.com, a marketplace for moving services, which revealed the following salient points:
● Bigger and better homes: For 40.6% of the respondents, moving to a larger house was the primary reason for their move, while 27.9% wanted to live in a house that’s better in terms of quality, and 20.8% moved to live in a better neighbourhood. Decrease in rents is the primary driving factor behind most of these moves because now more people can afford bigger, higher-quality homes in upscale communities.
● To live closer to their workplace or children’s school: A lot of people moved to reduce the time spent on daily commutes. This was the case for 32.0% of the respondents, out of which 20.3% moved to live near their workplace and 11.7% moved to a home that was closer to their children’s school.
● To cut down the cost of rent: Since residential rental rates are on the decline, only 29.9% of Dubai residents who moved did so to cut down the cost of rent in 2018. Instead, most of them used their existing budget to upsize their home.
● Maintenance issues are a major concern: It might not seem like a big reason for moving to a new home, but 12.7% of Dubai residents who moved were so distressed by maintenance issues they were facing in their current home that they chose to move to a new home. It’s recommended that you should thoroughly inspect a home for maintenance issues before moving in to avoid such hassles which can cost you thousands of dirhams. You should also consider signing up for an annual maintenance contract to keep your home in good condition.
● Other driving factors:
– 12.2% said they moved because they were not happy with their landlord
– 1.5% moved because they had bought their own house
– 1.5% has to move because their landlord was selling the house
