Property in Dubai to buy? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. The Bastakia Quarter (also known as the Al-Fahidi neighborhood) was built in the late 19th century to be the home of wealthy Persian merchants who dealt mainly in pearls and textiles and were lured to Dubai because of the tax-free trading and access to Dubai Creek. Bastakia occupies the eastern portion of Bur Dubai along the creek, and the coral and limestone buildings here, many with walls topped with wind-towers, have been excellently preserved. Wind-towers provided the homes here with an early form of air conditioning — the wind trapped in the towers was funneled down into the houses. Persian merchants likely transplanted this architectural element (common in Iranian coastal houses) from their home country to the Gulf. Lined with distinct Arabian architecture, the narrow lanes are highly evocative of a bygone, and much slower, age in Dubai’s history. Inside the district, you’ll find the Majlis Gallery, with its collection of traditional Arab ceramics and furniture (housed in a wind-tower) and the Al Serkal Cultural Foundation, with a shop, cafe, and rotating art exhibitions (located in one of the historic buildings)
Overlooking FHA, VA and USDA loans. First-time buyers might be cash-strapped in this environment of rising home prices. And if you have little saved for a down payment or your credit isn’t stellar, you might have a hard time qualifying for a conventional loan. How this affects you: You might assume you have no financing options and delay your home search. What to do instead: Look into one of the three government-insured loan programs backed by the Federal Housing Administration (FHA loans), U.S. Department of Veterans Affairs (VA loans) and U.S Department of Agriculture (USDA loans). Here’s a brief overview of each: FHA loans require just 3.5 percent down with a minimum 580 credit score. FHA loans can fill the gap for borrowers who don’t have top-notch credit or little money saved up. The major drawback to these loans, though, is mandatory mortgage insurance, paid both annually and upfront at closing. VA loans are backed by the VA for eligible active-duty and veteran military service members and their spouses. These loans don’t require a down payment, but some borrowers may pay a funding fee. VA loans are offered through private lenders, and come with a cap on lender fees to keep borrowing costs affordable.
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) Make the Property Show ready. Provide 24 hour emergency service. Discover even more information at 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 are responsive and take responsible action. We say what we mean, we do what we say. See more details on property management company Dubai.