What to consider before start hunting Dubai Apartments?

Professionals from all categories are now considering relocating Dubai to enjoy luxury and tax free lifestyle. Whether being investor, businessman or an expat worker you will essentially need some place to live. Firstly, it’s not possible to buy accommodation space even though you can afford. Booking a hotel room or serviced studio can provide instant solution for such individuals. You can straightaway move with your luggage as soon as you book them. It’s fine to choose such units for your stay to find immediate accommodation. However, later you need to search for proper residence for longer stay in the city. Dubai apartments are very famous among expats, as they are purposefully constructed to cater the musts for wide select of people with diverse needs. They proffer complete lifestyle accommodations for singles, couples and standard families. After considering your needs you can search to choose the best among the heaps.

Irrespective to the type of apartment you are looking for, it is suggested to sow some patience. Don’t just think to buy a residential property at first attempt. It’s better to consider renting first. In order to find the most apt unit for rent, you need to consider few important things even before you start hunting for apartments.
Below I have discussed few preconditions you should consider before initiate you rental property search in Dubai…… View complete article

 

Success tips for overseas real estate investors in Dubai

Real estate sector has always been an important investment sector in Dubai. Having considered the profits and overall system transparency attracted investors across the world. Furthermore, the ease and potential of earning profits in shortest duration of time make Dubai property investments a lucrative option for overseas investors. After observing the interest of foreign investors, State Government also implemented freehold property law to enable foreign investors to purchase real estate assets with complete ownership rights. Despite profits of investing in overseas real estate markets, it could be difficult task for those who don’t have prior exposure of investing in real estate sector.

Foreign investors who are willing to invest in Dubai real estate sector can benefit them with following simple tips.

Identify your needs

Identifying the available budget before taking final decision of buying asset in overseas market is mandatory to avoid failure and credit lose in future. Whether being conventional buyer or professional investors, you need to estimate the total amount you can spend on air travel and accommodation. In case you are planning to visit the country or city. Besides this, you should also calculate the amount you can spend for agent fee. Obtaining mortgage is also important for everyone purchasing assets. Buyers must know the maximum amount of money they can lend.

Research

Take some time to research the market. Compare market value of asset with location and growth capability of area. It is nice to spend some time to research in finding the best professional organizations to deal with during purchasing investment property. This will allow you to buy best property apartment/villa at best price with future possibilities to earn profits.

Keep an eye on stock to know the market

Sign up to email alerts and feeds that match the type of property you want. This way you will get updates about available property deals in the market.

Go with reputable companies

Consider working with reputable real estate agencies with long working history in Dubai. Only the reliable firms can help you in finding the most suitable property to purchase. Avoid working with cowboy real estate agencies offering huge discounts on services and shortest processing time of paper work and agreements.

Avoid scams

Make sure you are dealing with legal property owner or an official broker/real estate agent authorised to sell the property. It is necessary to enquire about government registration of project developer. Check the Escrow account numbers and agreements with main project contractor to avoid scams.

Inspect the property

Inspect the property with real estate broker you are working with. Brokers are professionals and they can give you better advice about the investment property you are going to buy. It is advised to visit property before making any down payments.

 

Last but not the least, international investors must read contract before signing it. If you have some confusion about any point consults with lawyer.

Dubai Business and Luxury Lifestyle- fascinating expats than ever before

Year round sunshine, strong economical and political conditions have made Middle East a perfect place to relocate among Western expats. Especially, United Arab Emirates is on the top in the list of second home seekers belong to European countries. The wise leadership, high standard of living, world class retail and shopping facilities, smooth logistics and state of the art infrastructure facilities are captivating everyone across the world, who wants to improve his standard of living. Among all seven UAE Emirates, Dubai is recognized as the business and lifestyle hub of UAE and Middle East.

What are the things transformed Dubai in to hub city?

Transformed from a local trading community, Dubai has become the third largest export hub with fourth largest airport in the world. Further the luxury lifestyle and retail choices are not only tempting for people as well as for entrepreneurs. Furthermore, the pro-business government policies, connectivity, strong logistic infrastructure, sound reputation of information and communication technology and leisure and entertainment are the other factors dragging everyone towards this city.

What Dubai has to offer for expats?

Being the most popular Middle Eastern city, Dubai has everything from abundance of job and investment opportunities, tax free style to luxury accommodation options for everyone living and working here. However, the emirate has already been the lifestyle and business hot spot in the region. But after winning to be the host for an international event of EXPO 2020, business scene has become more alluring among opportunity seekers. Foreign entrepreneurs who are willing to expand their business and investment profile started showing more interest to establish their business in Dubai.

 

Factors making Dubai fascinating

Monetary Gains are the major offerings by Dubai, which are dragging more and more expats towards this city. Skilled professionals and industrialists are always showing great interest to flourish their career and businesses. Tax free earnings significantly increase the chances of earning handsome money even more than their native country. Besides this, bright career and promotion chances are always open for deserving candidates. What expats can enjoy working, investing and living in the city are higher salaries, lucrative pension schemes, considerable low interest rates on business credit cards and current accounts. Further it’s up to you how much you can save from your earnings.

 

Cosmopolitan Environment is another plus supporting expats living in Dubai. The emirate possess a unique mix of population with 80 % expats and 20% native Emiratis. If you know the Arabic it is well and good but English is spoken everywhere all over the emirate. There are no discriminations observed on the basis of race, religion and language. Skilled and qualified individuals are always welcome in every field.

 

 

 

Luxury Lifestyle facilities in residential and business sectors is enchanting everyone across the world even royals andinternational celebrities are feeling great buying residential properties in Dubai, whereas they also endorse commercial and leisure projects with their names. Moreover, wealthy individuals from Western countries showed strong interest in buying holiday homes in the city.

 

 

Being the Host for Expo 2020 played a major role in enhancing the city image as the land of opportunities. Soon after winning the bid to host this international event, drastic boost is observed in tourism and hospitality sector. A huge number of jobs are expected to be created in travel, real estate, infrastructure and construction industries. According to estimates 277,000 jobs are created to cater the needs of visitors likely to visit Dubai during the event. This means job market is open and very favourable for skilled expats across the globe.

 

 

Despite fascinating expat workers, investors and businessmen, one has to carefully think about the cost of living in Dubai, which is tending to be high. But with proper financial planning it’s possible to combat and avoid financial crisis while living in the glitzy UAE city.