Real estate in Dubai
Real estate in Dubai? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Sitting slap-bang between Dubai’s older neighborhoods clustered around the creek and the city’s modern sprawl, this ginormous 150-meter-high picture frame is one of Dubai’s latest sights. Inside, a series of galleries whisk you through the city’s history and explore Emirati heritage before you travel up to the Sky Deck, where there are fantastic panoramas of both old and new Dubai to be snapped on the viewing platforms. Afterwards check out Future Dubai gallery, which imagines what a futuristic vision of the city will look like. Sheikh Zayed Road is the main thoroughfare running through Dubai’s modern downtown business district. This wide, eight-lane highway is rimmed with towering glass, chrome, and steel high-rises along its entire length. It’s one of the best on-the-ground vantage points for Dubai’s famed skyscraper views.
Assuming you need a 20 percent down payment. The long-held belief that you must put 20 percent down payment is a myth. While a 20 percent down payment does help you avoid paying private mortgage insurance, many buyers today don’t want (or can’t) put down that much money. In fact, the median down payment on a home is 13 percent, according to the National Association of Realtors. How this affects you: Delaying your home purchase to save up 20 percent could take years, and you could limit cash flow that could be put to better use maximizing your retirement savings, adding to your emergency fund or paying down high-interest debt. What to do instead: Consider other mortgage options. You can put as little as 3 percent down for a conventional mortgage (note: you’ll pay mortgage insurance). Some government-insured loans require 3.5 percent down or zero down, in some cases. Plus, check with your local or state housing programs to see if you qualify for housing assistance programs designed for first-time buyers.
Manage communication between Landlords, Tenants and Sub-Contractors. Reminders and notices to owners of annual service fee that will need to be paid (HOA Fees, Service Fees, parking fees, Legal fees, & other services) Assist with move in and move out cleanings. Detailed move in and Move out inspections. Discover more info at furnished apartments Dubai.
Dubai real estate advice of the day : Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.
Location is by far the most important part of buying real estate. You can change condition, you can change price, you can’t change the location of a house. If there is one thing a buyer should never sacrifice on its location. The location of a house will have the largest impact on its price, and potential future appreciation. One analogy we use to demonstrate how important location is this: If you take the least expensive home in the world, and you put it in downtown New York City, it is worth millions. If you start shopping homes for sale in all different locations you’ll never build a proper frame of reference to understand what constitutes a great deal, a good deal, and a lousy deal. You want to become an expert in a certain area so that when it comes time to make an offer, you can do so with conviction and confidence.
Boutique Property Care Services is one of the leading property management companies in Dubai. In a short span of time, BPCS has carved a niche for itself as a reliable and trustworthy property management company. BPCS is the brainchild of Karen Lewis who has a long 10-year experience in the field of real estate in the USA and UAE. She has a passion for helping people in finding a dream home to live with their families and the passion for taking care of the properties of her clients as if they are her own. We act with honor, honesty, and fairness and we hold ourselves to the highest ethical standard Find more info on https://www.bpcareservices.ae/.