Millennial ‘co-living’ concept gains momentum in Gulf

Millennial ‘co-living’ concept gains momentum in Gulf

The appetite for “co-living”, a form of communal housing that offers private rooms and shared spaces, is on the rise in the GCC, and more investors are entering the sector.  Co-living as a sub-segment of residential property has gained in popularity in markets such as the UK and the US, as developers seek to provide […]

Shared amenities in purpose-built residences

Developer Hive Coliv plans new projects

Other investors eyeing GCC market

The appetite for “co-living”, a form of communal housing that offers private rooms and shared spaces, is on the rise in the GCC, and more investors are entering the sector. 

Co-living as a sub-segment of residential property has gained in popularity in markets such as the UK and the US, as developers seek to provide flexible, high-quality rental options for young professionals. 

But it has been slower to take off in the Gulf, where the real estate industry is less mature. 

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Young Saudi workers demand more affordable, smaller flats

However, a young, growing population, rising rents and increased focus on communities is prompting interest in co-living and other rental models. 

“We are aware of a number of companies trying to bring this concept