Property in Dubai for rent? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Deira lies on the northern bank of Dubai Creek, and the winding streets here unveil the melting pot of different nationalities that have come to call Dubai home. On the shore, ancient dhows load and unload with modern banks, hotels, and office buildings as a backdrop. For travelers, Deira is most famous for its traditional souks (markets), which bustle with shoppers at all times of the day. Deira Gold Souk is world-renowned as the largest gold bazaar in the world. The Deira Spice Souk sells every imaginable spice, with stalls overflowing with bags of frankincense, cumin, paprika, saffron, sumac, and thyme, as well as the fragrant oud wood, rose water, and incense. The fish market provides a much less touristy experience. While in the district, culture lovers shouldn’t miss two of Deira’s finely restored architectural gems. Heritage House was built in 1890 as the home of a wealthy Iranian merchant and later became the home of Sheik Ahmed bin Dalmouk (a famous pearl merchant in Dubai). Today, it’s a great chance to see the interior of a traditional family home. The Al-Ahmadiya School, constructed in 1912, is the oldest school in Dubai and is now a museum of public education.

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.

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) Provide Agent Management Care. Ensure all required maintenance is done in a timely manner. Discover even more information at furnished apartments Dubai.

Dubai real estate trick of the day : After narrowing the search to 2 or 3 homes, your agent will do whatever research is necessary to aid you in making your decision. Ultimately, however, it is your decision. Some tools that can help you make that final decision include school reports (if you have or are planning on having children), statistical information from the local chamber of commerce, future zoning or road expansion from local planning offices, etc. Whatever the factors of importance are to you, have your agent help locate that information. Once you have selected a single home to focus on, your agent will conduct a comparative market analysis on that property. This involves determining “fair market value” by looking at what other buyers were willing to pay for properties similar to yours in the same neighborhood or area.

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. Discover additional info on office for rent in Dubai.