Flats for sale 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). Conduct an interior survey of the property with photos annually. Read even more information at apartment for rent in Dubai monthly.
Dubai real estate advice of the day : Develop A Mortgage Shopping Cart. One of the biggest decisions to make before putting a contract on a home is how to finance the purchase. Lenders aggressively compete for your mortgage business in a variety of ways. Today, you can apply for a loan over the Internet or even use a mortgage broker to shop for your loan with hundreds of lenders. When choosing a lender, compare fixed rates to fixed rates, not fixed rates to ARM’s, etc. Create a chart that lists different types of loans, fees, and at least five mortgage providers (including a mortgage broker).
When looking at homes, you should seriously consider ignoring paint and landscaping. These are two items that are easy to fix, and they should not impact your decision making when purchasing a house. If the home has a terrific location and the paint/landscaping is poor you shouldn’t rule it out, you have to be able to envision what the house will look like when you move in and make changes. A lot of time buyers will not be able to overlook paint or landscaping and this gives an opportunity for others who know how easy it is to fix. Location is something you can’t change, paint and landscaping is something you can.
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 even more details at apartment for rent in Dubai monthly.