The average 1 bedroom studio apartment costs upward of 5000 AED in Dubai and 4000 AED in Abu-Dhabi, but there are certain factors you must look at before making such an expensive decision.
Determining the duration of your stay is an important factor to consider as the lease for corporate apartment Dubai and Abu-Dhabi for a rental would be 12 months minimum. So, If you are planning to stay any less than that the chances are that you’d have to lease the property on someone else’s name or take an airbnb and pay a higher rental amount every month.
Pricing: Expect higher nightly or weekly rates compared to long-term leases. The focus is on short-term convenience rather than securing the most cost-effective monthly price.
Flexibility: Prioritize serviced apartments with flexible booking options and minimal cancellation penalties. This is important in case of project changes or unexpected adjustments to your stay.
Amenities: Focus on essentials that make your life easier:
Housekeeping: Reduces time spent on chores.
Laundry facilities: On-site or included laundry service minimizes the need for external services.
High-speed Wi-Fi: Essential for uninterrupted work and communication.
Concierge: Can help with airport transfers, city navigation, and arranging local services.
Balancing Cost and Comfort: You’ll want to strike a balance between getting a decent monthly rate and ensuring the apartment feels like a temporary home.
Negotiation: You may have better leverage to negotiate a lower monthly rent compared to strictly short-term stays.
Kitchenette/Kitchen: Consider options with at least a kitchenette, so you can prepare some meals and save on dining out costs.
Community Elements: Look for buildings with common areas (lounge, rooftop, etc.) or organized social events – great for networking or meeting fellow residents if you are new to the city.
Cost-Efficiency Prioritized: Your main focus will be securing the best possible monthly rate. Be prepared for longer lease terms (often a minimum of one year).
Feeling at Home: You’ll likely want more space and the ability to personalize the apartment to a degree. Consider options with unfurnished or partially furnished layouts.
Ownership Advantage: Make your home truly yours by customizing it to your liking. Experience the joy of owning and utilizing new furnishings and appliances that are exclusively yours.
Full Kitchen: Essential for significant savings on food costs if you plan to cook regularly.
Local Insights: Explore neighborhoods outside the immediate business districts. You may find more spacious and affordable options with reasonable commutes.
Additional factors that can impact the cost during your stay:
Seasonality: Peak tourist seasons in Dubai (Oct-March) can result in higher prices for corporate apartments. If your travel dates are flexible, consider off-season periods for potential discounts.
Broadly speaking your place of stay can be categorized into 3 broad categories.
They all have their pros and cons which we listed below for you.
Higher Rents: Corporate apartments in locations like Dubai International Financial Centre (DIFC), Downtown Dubai, or Abu Dhabi Global Market (ADGM) command higher rents due to their proximity to offices and corporate centers.
Reduced Commute Costs: While rent is higher, you save significantly on transport by leasing a corporate apartment in the Dubai Business district. Depending on distance, your daily commute cost in taxis or ride-hailing apps can easily add up to 50 – 100+ AED per day.
Time Savings: Rush hour traffic can be heavy. A shorter commute means less time wasted in transit, increasing productivity and overall well-being.
Metro Advantage: Apartments near Dubai Metro stations are in demand. The metro is efficient and affordable (approx. 3 – 8 AED per trip). Check metro coverage maps carefully.
Bus Networks: Abu Dhabi and Dubai have comprehensive bus networks. Consider proximity to main bus routes if relying on this mode of transport.
Hidden Costs: Factor in the added cost of taxis or ride-hailing if the metro/bus don’t directly connect to your workplace from your chosen accommodation.
Walking Distance: Apartments within walking distance (up to 15 minutes) of transport links offer balance between cost and convenience.
Premium Pricing: Expect higher rent for areas like Dubai Marina, Jumeirah Beach Residence (JBR), Palm Jumeirah, or Saadiyat Island in Abu Dhabi. These offer beach access, dining, and entertainment.
Work-Life Balance: If you value leisure activities, consider the cost of regularly traveling to these areas vs. paying slightly more to live nearby.
Amenities: Ensure the accommodation has all the necessary amenities for work and leisure. This might include a dedicated workspace, high-speed Wi-Fi, laundry facilities, and possibly access to gyms or meeting rooms.
Services: Inquire about included services like housekeeping, concierge, maintenance, and security. These can greatly enhance your comfort and convenience.
Location: Verify the proximity to your workplace, key attractions, and public transportation options. Research the neighborhood’s safety and amenities.
Reviews and Ratings: Read online reviews to gauge the experiences of previous corporate guests. This can give you insight into things like cleanliness, service quality, and overall satisfaction.
Now, we know this sounds like a lot and very overwhelming doing all this on your own, that’s why we at Hometherapy provide complete end-to-end 360 corporate housing solutions by inverting this funnel of property hunting and bringing just the right property at best prices through our pre-negotiated vendors for you according to your needs.
That’s not all, we also facilitate your bills, utilities, coordinate all maintenance and service needs. Our apartments are ready to move in. Let us assist you in moving into your home on day1 of arrival in the UAE. Contact us at +971 506448490 for best corporate housing deals.
