Developers in the co-living space are looking to investors to popularise the new concept, with human interaction becoming less important, especially among the young, making communal accommodation a popular solution.
In Dubai interest is ramping up, due to high costs in traditional homes and work spaces. Two developments are selling well off-plan ahead of launch in 202/21, offering minimalist design features, gyms, swimming pools, relaxation spaces, business centres, cinemas and games rooms. Interest is coming from young entrepreneurs, expat professionals in the tech sector, and millennials working from home. They offer affordable rents and the chance to make new friends easily, with communal facilities helping combat loneliness, isolation and ‘disconnection’ from society.