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Showing posts with the label apartments in Dubai

Learn about property mortgage in Dubai

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Apartments for rent in Dubai Are you planning to buy a real estate in UAE particularly, in Dubai? If yes, then chances are that like most people you would like to take a loan or mortgage against the property you are planning to purchase.  In this article, you will learn how property mortgage works, the different types of mortgage interest rates, and the conditions that affect your mortgage. What is a property mortgage?  A property mortgage is an agreement between a borrower and a lender. If you plan to buy Dubai properties and you don’t plan to invest the full amount, then one option would be getting a property loan. In Dubai, usually, you would need a 20% deposit of the contract price of the property. The bank lends you the remaining 80% of the contract price. You will then pay the borrowed amount with interest on a monthly basis. The term of the loan may last from 5 to 30 years, depending on your agreement with the lender. Types of mortgage interest rate...

Off-plan sales are growing once again in Dubai

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After last few years of sluggish growth, Off-plan Dubai properties are making a comeback. Due to the improved economic performance and other important factors across the Emirates, buyers, both local and foreign, are turning their heads back to off-plan projects in Dubai. What are off-plan properties? Off-plan properties are properties, which have not been constructed but are already up for sale. In some countries, they are called, pre-selling properties. They are referred to as off-plan because they are sold off from a plan – while they are still in the building process. Generally speaking, the closer the completion of a project, the higher the price will be. In theory, investors buy off-plan properties at a much lower price to gain a higher return on investment. Why off-plan properties became unattractive Starting around 2015, off-plan projects have witnessed a slowdown in sales. Traditionally off-plan properties have been popular in the UAE. However, because of cert...

How to Buy Property in Dubai

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Are you planning to buy a  real estate in UAE , particularly in Dubai? If yes, then it is essential to understand how the whole process works. Having the knowledge on how to buy a property in Dubai would ensure that the transaction runs smoothly and you get your property with the least stress and inconvenience possible. Here are the basic steps you need to follow when acquiring a property in Dubai. Step 1:  Determine your Need Dubai offers a wide range of properties for sale and the options can be very overwhelming. Know your needs first and you will know where you are going. Determine what type of property you are looking for. Do you want to  buy apartment in Dubai , traditional home, townhouse or villa? How many rooms and bathrooms do you like? How big the property should be? Do you need it to be in the suburb or near the city? These are some of the things you need to answer. Step 2: Determine your budget To further narrow down your options, determine yo...

Are Apartments Still A Good Investment?

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Do you want to buy an apartment in Dubai? Do you wonder whether this will be a good investment or not? Are you worried that you might end up losing more rather gaining something? If yes, then make a sure investment by considering the properties featured on this post. Get to see a list of apartments for sale below and in the process, you will learn why these apartments are a good investment. Fully Furnished Studio in Liberty House DIFC Located in Dubai International Financial Centre, this apartment is strategically located in the heart of the city. Liberty House has 42 floors and it consists of high-end offices and luxury residential units. It’s a great investment because it is already fully furnished. It comes with king-size beds, love-seat-sofa, coffee table, side table, full-length mirror, reading desk, and a lot more. A balcony is available for you to enjoy the city’s skyline. More importantly it is one of the most sought after areas in Dubai and will hardly lose any ...

Should You Rent a Studio or a One Bedroom Apartment?

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Are you torn between choosing a one-bedroom apartment and studio for rent in Dubai ? If yes, this article is for you. Dubai is just teeming with a lot of properties for rent; sometimes it becomes very challenging to find the right one. If you are not careful, you might end up with the wrong unit. For this reason, before you make the final decision, read the difference between a studio-type apartment and one-bedroom apartment, their advantages and disadvantages, and how each option would meet your needs. What is a studio apartment? Typically, a studio-type apartment only has one room plus a bathroom. The one large room combines the living room, bedroom, and kitchen. On average, the size of a studio-type apartment is about 500-600 sq ft.  What is a one-bedroom apartment? One-bedroom apartments, as its name implies, come with one separate bedroom, living room & kitchen. It is generally bigger than studio-type apartments. On average, one-bedroom apartment size is arou...

What to Look for When Viewing a House for the First Time?

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Are you looking for a house, apartment, villa, or any place you want to call home in Dubai? If yes, then you should know what to look for during your visual inspection. Remember, you will be living in this property for many years to come and spending just 5-10 minutes at the house without knowing what to look for could lead to a grave mistake. Therefore, when buying  Dubai properties , you must ensure you are making the right choice. After all, real estate properties are expensive, and you would definitely not want to regret a choice of investment of this scale. So, what are the things you need to check when viewing a property? Here are some important aspects you should consider. Check the Neighborhood Living in a house would also mean living in a neighborhood. Before you buy a property, get a good feel of the neighborhood, its services and shared recreational areas. Check if the surrounding is safe and peaceful. Explore the House from the Outside Do not underes...

What to Look For When Viewing a House to Rent or to Buy

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Are you looking for a house, apartment, villa, or any place you want to call home in Dubai? If yes, then you should know what to look for during your visual inspection. Remember, you will be living in this property for many years to come and spending just 5-10 minutes at the house without knowing what to look for could lead to a grave mistake. Therefore, when buying  Dubai properties , you must ensure you are making the right choice. After all, real estate properties are expensive, and you would definitely not want to regret a choice of investment of this scale. So, what are the things you need to check when viewing a property? Here are some important aspects you should consider. Check the Neighborhood Living in a house would also mean living in a neighborhood. Before you buy a property, get a good feel of the neighborhood, its services and shared recreational areas. Check if the surrounding is safe and peaceful. Explore the House from the Outside Do not underes...

The Pros and Cons of Short Term Rental

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If you have a property lying idle for quite some time, and you are not able to put it up for long term rental, you have the option to rent it out on short term basis. Short term rental is a well-known type of property investment, in which you rent your property for shorter periods ranging from few days to several months. But before putting up your property for rent in Dubai , you might want to first check out the pros and cons of short-term rental. Here are some insights: Pros of short-term rental Prime benefit of short term rental is that it provides flexibility to the owner in terms of choosing the time & duration for rent. It is also very lucrative as the owner gets to decide the prices according to time of the year, demand and property type. Dubai is a busy metropolis. It attracts a lot of visitors and tourists all year round. If you are planning to offer your property for short-term rental, you can target business professionals, families, and individual...