Dubai Residential Property - Apartments in Dubai

As mentioned previously, due to the influx of foreign nationals into Dubai over the course of the past decade, the demand for residential property is on the increase. Many foreign nationals have turned to purchasing and owing apartments for residential purposes.

Generally speaking, even rather luxurious apartments can be purchased in Dubai for comparatively reasonably prices. For example, a person generally can make the purchase of an apartment in Dubai that would cost considerably more for a comparable unit in many other countries around the world.

Make Your Property Safer When Renting It Out. How? Read Below

By: Kevin Cox

When renting out properties there are some things you should do to keep your property safe. One thing you should do to make your property safer when renting it out is clean up any snow or ice on the property. If your property is in a colder climate where it snows it is recommended that you get the walkway and the sidewalk cleaned up. The reason for this is if someone falls on your property and gets hurt you can get sued. You can even end up losing the property.
Another thing you should do to make your property safer when renting it out is make sure that every floor in your properties have a smoke detector. When it comes to smoke detectors it is important to replace the batteries every six months. The last thing you want is to have a fire and no one is warned on time because of dead batteries in the smoke detectors. Another thing when it comes to fires is if someone gets hurt and it is proven that it could be prevented you can be liable for all damages.
One last thing you should do to make your property safer when renting it out is to listen to the people who you’re renting out the property to. If something needs to be fixed it is recommended that you get it fixed as fast as possible. Some problems if left unchecked can escalate and become worst than it was in the beginning. It is wise to listen to the people you are renting the property out to since they are living there. There is a good chance they might have some good incite and information about the property. Keeping your property safe not only can save you time, money and stress it can also save lives.

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Contracts You Use When Investing In Real Estate?

When investing in real estate there is a lot of contracts you will have to use. Some contracts you use when you buy or sell real estate the conventional way. Others you use when you buy or sell unconventionally. One contract you can use when you’re investing in real estate is a land contract. A land contract is a contract that lets a buyer have temporary control of a property. Usually the seller will get a small monthly payments and set benchmarks to the buyer to accomplish. The buyer will also usually put up something as collateral. If the benchmarks is not accomplish on time or if the monthly payments is not made the seller can terminate the contract. At the end of the contract it is up to the buyer to decide if to buy the property or not.

Another contract you can use when investing in real estate is a promissory note. A promissory note is a contract a seller and a buyer uses when they are using the option of seller finance. Seller finance is when the buyer pays the seller directly instead of going to a bank for the money. In most cases there is a balloon payment. A balloon payment is when the buyer after paying the seller directly for a certain amount of time, pays off the promissory note in one lump sum. The buyer usually goes to the bank and gets a mortgage to pay off the seller. Some things a promissory note should have on it are the monthly payments, interest rates, penalties, and when is the balloon payment due if any.

One last contract you can use when investing in real estate is a lease. A lease is used when renting out properties. The things a lease should have on it are rules, penalties, rent amount, when rent is due and when rent is late. When investing in real estate contracts are a way of life. If you use the information you read here you will have some idea what these contracts are and what they should have on them.

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Article Source: http://EzineArticles.com/?expert=Kevin_Cox

Dubai Property Market - Rising Trends

Dubai Property Market is going through a phase where a number of changes are taking place in the commercial sector.

One of the up-and-coming trends in the Dubai Commercial Property market is the alteration of warehouse space to office premises. Companies that entail large open plain spaces, such as advertising or marketing companies have been seen to rent warehouse space and easily alter it into well-organized office space. This offers a cost effective solution for businesses that call for to be close to the business centre but may not wish to pay the premium rates of prime location office space. Warehouse rental rates are appropriate for office alterations as they ebb between 40-65AED per sq. ft. Warehouse space rent solely used for storage purposes averages 28-35AED per sq. ft. Whereas rents in the Central Business District (CBD) may be 225-250AED per sq. ft.

The Dubai Property market is stiff and therefore the concept of Split Offices has come into being. Many professional services firms, faced with the prospect of predominantly high rents in prime locations have a propensity to lease a small space suitable for client meetings in the Central Business District so as to show off an address on a esteemed location such as e.g. Sheikh Zayed Road, and shift their operations to a secondary location where rents may be more reasonably priced e.g. Garhoud, thus successfully saving on enormous expenses.

Thus, supply of the Dubai Real Estate market is shaping up to meet the property demands in Dubai.

Indian Real Estate: Getting More Transparent

In order, to protect buyer interests and encourage foreign direct investment (FDI), the Ministry of Housing may make it mandatory for real estate developers to compulsorily insure land title deeds before selling the property. This will ensure that in case of any litigation later on, title deed insuring will help mitigate a buyer's financial risk.

"It is found that many foreign investors have expressed apprehension investing in the country due to lack of transparency in title deeds. Fearing various claimants for the same property, followed by lengthy court battles, foreign investors shy away from investing in real estate. Compulsory insurance of land deeds would address the issue to a great extent and help both domestic, as well as, foreign buyers," according to a senior official in the Cabinet.

Although, there is nothing new about the clause, mandatory land title insurance already being practiced in USA and some European countries, it could be a first for India. "It is an insurance against loss from defects in title. It is meant to protect a property owner's or lender's financial interest in property against loss due to title defects, liens or other matters," explains S.P. Gupta, Haryana Urban Development Authority (HUDA) administrator.

Not only, will the new legislation provide investors with a clear title, it will also provide financial security, as insurance companies will have undertaken due diligence before proceeding to insure the property. As is their norm, insurance firms get their network to track relevant property records, and ascertain properties with fictitious ownership titles do not get insured.

As well, insuring property title deeds will also certify the type of land that is being insured i.e. residential or agricultural. A good way of ensuring, no one is able to dub agricultural land as commercial land, in order to dupe investors.

Clearly, perhaps, globalisation does hold the proverbial silver lining for Indians. Eager to attract investment, the government is forced to legislate new Acts to bring greater transparency in business transactions, whether governmental or private, to keep the FDI flowing in. And, cleaning up the red tape, bureaucracy and other babu type of shenanigans, it is to be hoped India will continue its upward climb on the global corruption index!


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