Homes in Dubai are getting a facelift – that is one of the biggest trends we have noticed across the city. The simple fact is that a newer home holds a higher value and commands a greater premium. It doesn’t matter if the property is 10 years old or three – if work has been done to enhance it then it will be worth more than a standard unit. The term ‘upgrade’ or ‘renovation’ is quite broad – it could refer to something as relatively simple as the installation of new flooring, or a more extensive process where the owners have essentially stripped the property bare and redone all of it. In some areas, upgrades could easily double the value of a property – Al Barari is a perfect example, where some of the ‘standard’ villas were available for under Dh25 million and can now command over Dh50 million after a full renovation.
