Some interesting real estate trends to look for
By Anitha Lakshminarayanan
It is fascinating to see some significant changes and trends that are prevailing in the real estate market of Dubai right now. And in my opinion, at the top of my head is the new age concept of co-living communities and co-working models.
At the outset, let’s define a co-working model:
Co-working model is a set up wherein a private office is offered to freelancers and self-employed professionals, and this also helps in sharing of ideas amongst entrepreneurs as they share pieces of equipment and office furniture. In addition to sharing meeting rooms, this arrangement led to the trend of co-living.
What is co-living?
As per Wikipedia, co-living is a type of intentional community providing shared housing for people with shared intentions.
And this merely means coming together for activities such as meals and discussion in the common living areas, yet may extend to shared workspace and collective endeavors such as living more sustainably.
Co-living concept must not be confused with the sharing of rooms
This new way of co-living must not be confused with the sharing of apartments, particularly in Dubai, as residents sharing their rooms are not allowed. Instead, you can focus on living as a community, for instance, watching your favorite movie in a cinema hall and using all other amenities to bond culturally.
And co-living communities are popular, especially with the millennial folks because this is an affordable and innovative way of living as the individuals collaborate and emphasize on social networking as well as improving the economy.
So would you like to work in an environment similar to this or live in a co-living community, please drop a line firstname.lastname@example.org or leave a comment, if you feel this is a great setup to work or live or if you think this is not working for you…?