Apartments for rent in Dubai? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Dubai Creek separates the city into two towns, with Deira to the north and Bur Dubai to the south. The creek has been an influential element in the city’s growth, first attracting settlers here to fish and pearl dive. Small villages grew up alongside the creek as far back as 4,000 years ago, while the modern era began in the 1830s when the Bani Yas tribe settled in the area. The Dhow Wharfage is located along Dubai Creek’s bank, north of Al-Maktoum Bridge. Still used by small traders from across the Gulf, some of the dhows anchored here are well over 100 years old. You can visit here, watching cargo being loaded and unloaded on and off the dhows. Dhow workers often invite visitors onto the vessels for a tour, where you can gain insight into the life of these traditional sailors. Many of the dhows here travel onward to Kuwait, Iran, Oman, India, and down to Africa’s horn. This tiny remnant of Dubai’s traditional economy is still a bustling and fascinating place to wander around.
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.
Inspections: Walk through with the tenant, Full inventory of all assets in the property, Working with agents to enhance property’s appearance, Obtain bids for quotes and notify the owners prior to any major expenses regarding their property. Reminders and/or payments of Utilities bills (Dewa, chiller fees & more). Fully computerized and detailed quarterly statements accounting for all income and disbursements used on the property.(Access cards, HOA fees, parking spots, annually tune ups to the property and more). See more details on apartment for rent in Dubai monthly.
Dubai real estate advice of the day : This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.
If you’re going to buy a house it makes a lot of sense to make sure that rush hour traffic isn’t unbearable. The last thing you want is to buy a home and find out that you’re going to be sitting in heavy traffic every day. Time is more valuable than money, you don’t want to spend your time in traffic – I know I don’t. You want to spend your time doing more important things like spending time with your family. We always recommend our buyers check out the commute to and work on different days just to make sure it’s something they are comfortable with.
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 support each another internally and externally to achieve our collective goals. Read more details on office for rent in Dubai.