Property in Dubai to buy? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. Sheikh Saeed Al Maktoum was the Ruler of Dubai from 1921 to 1958 and grandfather to the current ruler. His former residence has been rebuilt and restored as a museum that is a fine example of Arabian architecture. The original house was built in 1896 by Sheikh Saeed’s father, so he could observe shipping activity from the balconies. It was demolished, but the current house was rebuilt next to the original site, staying true to the original model by incorporating carved teak doors, wooden lattice screens across the windows, and gypsum ventilation screens with floral and geometric designs. Thirty rooms are built around a central courtyard with wind-tower details on top. Inside are the exhibits of the Dubai Museum of Historical Photographs and Documents, with many wonderful old photographs of Dubai from the period between 1948 and 1953. The marine wing of the museum has photos of fishing, pearling, and boat building. Throughout the building there are many letters, maps, coins, and stamps on display showing the development of the Emirate.
Overlooking FHA, VA and USDA loans. First-time buyers might be cash-strapped in this environment of rising home prices. And if you have little saved for a down payment or your credit isn’t stellar, you might have a hard time qualifying for a conventional loan. How this affects you: You might assume you have no financing options and delay your home search. What to do instead: Look into one of the three government-insured loan programs backed by the Federal Housing Administration (FHA loans), U.S. Department of Veterans Affairs (VA loans) and U.S Department of Agriculture (USDA loans). Here’s a brief overview of each: FHA loans require just 3.5 percent down with a minimum 580 credit score. FHA loans can fill the gap for borrowers who don’t have top-notch credit or little money saved up. The major drawback to these loans, though, is mandatory mortgage insurance, paid both annually and upfront at closing. VA loans are backed by the VA for eligible active-duty and veteran military service members and their spouses. These loans don’t require a down payment, but some borrowers may pay a funding fee. VA loans are offered through private lenders, and come with a cap on lender fees to keep borrowing costs affordable.
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 major maintenance quotes are sent to the owner for approval. Discover more info on property management company Dubai.
Dubai real estate advice 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.
If you’re going to buy a house it makes a lot of sense to make sure that rush hour traffic isn’t unbearable. The last thing you want is to buy a home and find out that you’re going to be sitting in heavy traffic every day. Time is more valuable than money, you don’t want to spend your time in traffic – I know I don’t. You want to spend your time doing more important things like spending time with your family. We always recommend our buyers check out the commute to and work on different days just to make sure it’s something they are comfortable with.
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 take great pride in achieving exceptional outcomes. Discover extra information on office for rent in Dubai.