Studio apartment for rent in Dubai? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Dubai Mall is the city’s premier mall and provides entry to the Burj Khalifa, as well as the Dubai Aquarium. There is also an ice-skating rink, gaming zone, and cinema complex if you’re looking for more entertainment options. The shopping and eating is endless, and there are nearly always special events such as live music and fashion shows within the mall. The most famous of these are the annual Dubai Shopping Festival in January and February and the Dubai Summer Surprises Festival in July and August.
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) Make the Property Show ready. Conduct an interior survey of the property with photos annually. Discover even more info at furnished apartments Dubai.
Dubai real estate tip of the day : This is a very necessary process, used to ensure that your new home is free from defects that could potentially cost you thousands of dollars later to repair. Home inspections will often reveal problems that you can have the seller correct before agreeing to purchase the home. This is known as a contingency. Most offers are usually contingent offers. This means, that the offer is contingent on another factor, such as a favorable home inspection or the ability to obtain insurance. In general, contingencies are safeguards for both buyers and sellers, but should not be overdone. In addition, it is important to meet all deadlines and that all contingencies are met exactly the way the offer describes. Your agent is responsible for making sure contingencies are written correctly.
One of the largest reasons some buyers walk away from a home purchase feeling remorseful is because they don’t consider everything about purchasing real estate before they jump into it. There are common buyer mistakes we address with all of our buyers upfront so they have a highly successful transaction. One thing that many folks don’t want to do is put in the upfront work, studying, and preparation that goes into buying a house. You need to prioritize your needs, and your wants – and if you have a partner you need to communicate together on everything. Maybe one person is ready to buy, and the other isn’t ready just yet.
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 Read more information at office for rent in Dubai.