Property in Dubai for sale? Dubai tourist attraction is one of the reason for the real estate boom in Dubai. You don’t have to go too far away from the skyscrapers to soak up a more natural vista. The Ras Al Khor Wildlife Sanctuary incorporates the mangrove forests and wetlands of Dubai creek. An important stop-off on the migration routes, it’s a prime place to spot flamingos in winter when massive flocks of these majestic pink birds wade through the lagoons, backdropped by soaring high-rises. Various hides in prime spots have been set up within the park to allow bird-watchers good views of the bird life. This museum explores the United Arab Emirates’ historic role as a trading center between Asia, Africa, and Europe long before oil became this region’s most prominent industry. Located inside the old residence of Sheikh Hashr bin Maktoum Al Maktoum, who was a member of Dubai’s ruling family, the exhibits trace this coastal area’s history as part of the global trade routes, with displays of artifacts and manuscripts. Also on-site is the Rare Books and Manuscripts Museum and the small Armory Museum.
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.
Inspections: Walk through with the tenant, Full inventory of all assets in the property, Working with agents to enhance property’s appearance, Obtain bids for quotes and notify the owners prior to any major expenses regarding their property. Assist with move in and move out cleanings. Handle all tenant problems and concerns. Discover extra details at office for rent in Dubai.
Dubai real estate tip of the day : Create A List Of Amenities – When shopping for a home, list the Top 10 features (fireplace, fenced-in yard, new appliances, etc.) that are most important to you. Establishing this criteria early will save time shopping for inappropriate homes and keep you from buying a home on a whim. Your top reason for buying a home should be the value you are getting. That being said, some of your top 10 amenities could be sacrificed if an incredible value becomes available.
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.
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