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Exploring the Future of Co-Living in the Middle East with Bass Ackerman, Founder of Hive Coliv
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Ever wondered how modern communal living can transform urban life? Discover the future of co-living in the Middle East with Bass Ackerman, founder of Hive. Join us as Bass shares his incredible journey from South Africa to Dubai, and how his passion for real estate led to the creation of Hive. Learn about Hive's pioneering project in Jumeirah Village Circle (JVC), where Bas breaks down the vision, development process, and the unique challenges they overcame to bring the first co-living development to the UAE.
Co-living spaces offer a unique blend of affordability and community-centric living, and we discuss how this innovative housing solution is reshaping urban living. Smaller, fully furnished private units with expansive shared amenities provide a vibrant, engaging environment. By bridging the gap between student accommodations and traditional apartments, co-living becomes an attractive option for young professionals priced out of the conventional rental market. Bass highlights the key benefits of co-living such as all-inclusive payments, ready-to-move-in spaces, and flexible lease options, making it a brilliant choice for those seeking affordability and community.
We also dive into the strategic considerations behind fostering a diverse tenant base and the rigorous vetting process to maintain this diversity. Bass sheds light on why co-living spaces have been slower to catch on in the UAE compared to the UK and the US, and how Hive's design approach maximizes utility while catering to community needs. The episode wraps up with a forward-looking discussion on the growth potential of co-living in the UAE and Saudi Arabia, addressing housing affordability and urban density challenges. Tune in to gain a comprehensive understanding of co-living's past, present, and promising future in the Middle East!
Chapters
1. Exploring the Future of Co-Living in the Middle East with Bass Ackerman, Founder of Hive Coliv (00:00:00)
2. Co-Living in the Middle East (00:00:01)
3. Benefits of Co-Living Spaces (00:12:39)
4. Challenges of Co-Living Development (00:18:22)
5. Future of Co-Living Development (00:29:39)
10 episodes
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