Latest news with #NiralJhaveri
Hi Dubai
12-05-2025
- Business
- Hi Dubai
Dubai Tenants Demand Professionally Managed Properties, Betterhomes Survey Finds
Dubai tenants are increasingly prioritising professionally managed properties, according to Betterhomes' latest white paper, 'The Value of Professional Property Management: Tenant Insights & Market Trends.' Based on a comprehensive tenant survey, the findings reveal that 75% of respondents currently live in a professionally managed property, citing faster maintenance, clearer communication, and smoother living experiences as key benefits. The results confirm what we've seen in the market, tenants today demand professional property management, said Niral Jhaveri, Director of Property Management at Betterhomes. It's no longer just about collecting rent; it's about delivering an exceptional living experience. The data highlights clear preferences: 83% of tenants expect maintenance issues to be resolved within 24 hours, while 54% have rejected properties that lacked professional management. In fact, 72% of tenants who experienced both managed and non-managed homes said professional management significantly improved their rental experience. Betterhomes' own managed portfolio reflects this growing demand, achieving a 96% occupancy rate. The study also found that 69% of tenants have considered moving out due to poor maintenance, and 42% are willing to pay a higher rent for a managed property with 24/7 support. An additional 32% said they are somewhat open to paying more, showing strong potential for value-driven pricing. As expectations continue to rise, property owners who invest in professional management are more likely to reduce turnover, attract quality tenants, and maximise long-term profitability. For landlords seeking to stay competitive in Dubai's evolving rental market, the message is clear: professional property management is no longer optional, it's essential. For more information, visit our website at News Source: Betterhomes
Arabian Business
09-05-2025
- Business
- Arabian Business
Dubai real estate: Tenants want professionally managed properties, Betterhomes study reveals
Dubai tenants are showing a clear preference for professionally managed properties, according to a new white paper from Betterhomes titled The Value of Professional Property Management: Tenant Insights & Market Trends. The comprehensive tenant survey found that 75 per cent of respondents currently reside in professionally managed properties. Dubai tenants willing to pay premium for professionally managed homes Tenants cited faster maintenance, clearer communication, and overall improved living experiences as the primary benefits. 'The results confirm what we've seen in the market, tenants today demand professional property management. It's no longer just about collecting rent; it's about delivering an exceptional living experience,' Niral Jhaveri, Director of Property Management at Betterhomes said. The research revealed that 83 per cent of tenants expect maintenance issues to be resolved within 24 hours, while 54 per cent have declined properties without professional management. Among tenants who have experienced both managed and non-managed homes, 72 per cent reported that professional management significantly enhanced their rental experience. Betterhomes' managed portfolio has achieved a 96 per cent occupancy rate, reflecting the growing market demand for professionally managed properties. The study also found that 69 per cent of tenants have considered relocating due to poor maintenance. When it comes to value, 42 per cent of tenants expressed willingness to pay higher rent for a managed property with 24/7 support, while an additional 32 per cent indicated they are somewhat open to paying more. For property owners in Dubai's competitive rental market, professional management appears to be increasingly vital for reducing tenant turnover, attracting quality renters, and maximising long-term returns.
