Dubai property to rent

Property Dubai for rent? Draining your savings. Spending all or most of their savings on the down payment and closing costs is one of the biggest first-time homebuyer mistakes, says Ed Conarchy, a mortgage planner and investment adviser at Cherry Creek Mortgage in Gurnee, Illinois. “Some people scrape all their money together to make the 20 percent down payment so they don’t have to pay for mortgage insurance, but they are picking the wrong poison because they are left with no savings at all,” Conarchy says. How this affects you: Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. That’s usually translated into substantial savings on the monthly mortgage payment. But it’s not worth the risk of living on the edge, Conarchy says. What to do instead: Aim to have three to six months of living expenses in an emergency fund. Paying mortgage insurance isn’t ideal, but depleting your emergency or retirement savings to make a large down payment is riskier.

Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Jumeirah Mosque is considered by many to be the most beautiful of Dubai’s mosques. An exact copy of Cairo’s Al-Azhar Mosque, which is eight times its size, the Jumeirah Mosque is a fine example of Islamic architecture. This stone structure is built in the medieval Fatimid tradition, with two minarets that display the subtle details in the stonework. It is particularly attractive in the evening when lit with floodlights. The Sheikh Mohammed Bin Rashid Centre for Cultural Understanding (which also runs a program of tours, lectures, Arabic classes, and cultural meals) organizes guided tours of the mosque designed to try to foster a better understanding of the Muslim faith. Tours begin at 10am daily, except Fridays.

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) Reminders and/or payments of Utilities bills (Dewa, chiller fees & more). Handle all tenant problems and concerns. Read even more details on Commercial property management Dubai.

We are committed to make it easy for property owners to keep an open line of communication between the owner, our office and tenant, and providing a well trained staff dedicated to acting on the owner’s behalf by taking care of your property and providing a stress-free relationship. We are also committed to managing risk, protecting capital and providing exceptional customer service and property management.

Dubai real estate advice of the day : Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.

Location is by far the most important part of buying real estate. You can change condition, you can change price, you can’t change the location of a house. If there is one thing a buyer should never sacrifice on its location. The location of a house will have the largest impact on its price, and potential future appreciation. One analogy we use to demonstrate how important location is this: If you take the least expensive home in the world, and you put it in downtown New York City, it is worth millions. If you start shopping homes for sale in all different locations you’ll never build a proper frame of reference to understand what constitutes a great deal, a good deal, and a lousy deal. You want to become an expert in a certain area so that when it comes time to make an offer, you can do so with conviction and confidence.

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. Read additional details at Buy property in Dubai.