Property in Dubai for rent? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Dubai’s architectural, cultural, and maritime heritage is showcased at the Heritage and Diving Village, with displays related to pearl diving and dhow building — two of old Dubai’s historic economic mainstays. There are also recreations of traditional Bedouin and coastal village life, with Persian homes, a traditional coffeehouse, and a small souk where potters and weavers practice their handicrafts at the stalls. Local music and dance are performed from October to April, and visitors can get advice from practitioners of traditional medicine. One of the city’s top tourist attractions, the Dubai Aquarium houses 140 species of sea life in the huge suspended tank on the ground floor of the Dubai Mall. As well as free viewing from the mall, if you enter the Underwater Zoo, you can walk through the aquarium tunnels.
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. Handle all tenant problems and concerns. Find more information at furnished apartments Dubai.
Dubai real estate trick of the day : This is often the most thrilling part of the process. But, if you’re not careful, it can get out of hand. The best way to proceed is limit the number of homes you look at in a single day. Visiting too many homes back to back will make it difficult to remember one house from another. It’s a good idea to create a checklist of homes to look at, and check them off as you visit them. Not only is this helpful in reminding you of which homes you visited, it allows you to eliminate homes from your search more quickly. Remember, communication is crucial. Explain to your agent why you like or don’t like a particular house. The more you communicate with your agent about your preferences, the better he/she will be able to find exactly what you’re looking for.
There will be times when you have the opportunity to create more space through proper organization and utilizing it efficiently. There are also some homes that just won’t allow you to store much stuff because there is no attic or basement, and the storage closet outside is relatively small. Millennial attraction to homeownership has grown significantly in recent decades. Mostly because there are now options where a 20% down payment is not the requirement. This gives a much larger pool of buyers the ability to buy a home. Especially, first time home buyers who receive a lot of help!
Clients of BPSC know that they are in safe hands when they hire our services whenever they need property management Dubai. Karen brings to the table all her experience, knowledge and skills in property management. She is also loved by the clients for her honesty and transparency. They know that they will enjoy seamless property management services and get a higher yield from their properties. They also know that their properties will stay in top condition through timely repairs and frequent inspections. We support each another internally and externally to achieve our collective goals. Read even more info on furnished apartments Dubai.