My Dubai Rent: Estate agent enjoys Palm Jumeirah perks in Dh70,000 studio

Ylenia Cossu feels proper at house in her Palm Jumeirah studio. Chris Whiteoak / The Nationwide

My Dubai Lease takes you inside a reader's house to take a look at what they get for his or her cash, how a lot they pay in hire and asks them what they like and don't love

Ylenia Cossu, 48, pays Dh70,000 for a studio condo overlooking Palm Jumeirah’s Membership Vista Mare, the place she has lived for 4 years.

Ms Cossu, who owns C&Y Actual Property, first got here throughout the property when she offered it to its present proprietor, earlier than snapping it up to hire for herself.

At the moment, the Italian expat splits her hire throughout two cheques and hopes to ultimately purchase the condo as an funding property, with the view to hire it out herself.

Regardless of being initially hesitant to dwell in a studio, Ms Cossu threw herself into energetic shoreside residing and has by no means appeared again.

This week, she invited The Nationwide into her condo to point out us how she has remodeled it right into a small however fashionable house.

Why did you select to dwell right here and never some place else?

I work in actual property so I really offered this property to a landlord after which he requested me to furnish it, which I did to such a excessive normal that I made a decision to hire it myself.

I wasn’t positive initially as a result of it's fairly small and I've a variety of garments and footwear however the view and the atmosphere gained me over.

The seaside is only a two-minute stroll away and the condo has attractive sea views. Inside, I selected completely every part myself. It was utterly empty after I moved in, so it actually looks like house and it at all times has carried out.

What sort of services do you have got round you?

We have now the seaside, now we have eating places and every part is inside strolling distance.

There’s a working observe close by to do train and Nakheel Mall is just some minutes away. As soon as you reside on The Palm, you are feeling such as you by no means have to go away it – every part is right here.

Within the morning, you possibly can hear the birds singing and it’s actually peaceable. On an evening it transforms into a celebration place. The constructing could be very good, too. The whole lot is in good situation.

Do you suppose residing there provides worth for cash?

I do know from skilled expertise that this condo is sweet worth for cash, not simply due to the constructing itself however for all of the services round it.

All of the studios on this constructing go for between Dh70,000 and Dh80,000 a yr, so I’m on the decrease facet of the size and I’m very proud of what I get for that.

What would you modify about the place you reside?

The terrace is big and if I may change something, it could be to have extra of that house inside.

Like I stated, it's a little little bit of a squeeze, however I dwell right here alone and it’s large enough for one particular person. If I had the prospect, I might break up it right into a one-bedroom however I've put a partition in in the intervening time, which is an efficient compromise.

We don’t have a pool or a gymnasium, sadly. We used to get entry to the services at a constructing close by however that was stopped. There are plans to offer residents entry to Riva Seashore Membership and that may be a pleasant bonus, though the seaside is just a few steps away, so I can’t complain.

Do you see your self residing there for much longer?

I simply renewed the contract in January for an additional yr, so I’ll be right here till not less than 2024.

The market is unsure in the intervening time, so it’s not the precise time to maneuver, particularly if you wish to dwell someplace like The Palm.

Ideally, I’d like to purchase this condo and hire it out on a short-term lease so I can transfer someplace greater, however I don’t suppose I’m prepared to surrender this view any time quickly.