Dubai rent apartment? Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.
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.
We have more than 15 years of experience in selling residential and commercial properties in Dubai, Sharjah, Abu Dhabi, and other states of UAE. Either you want to sell your plots, villas, apartments, offices, or townhouses, we generate hundreds of leads through quick and effective marketing and advertising channels. We use an extensive system to screen potential buyers to avoid any legal or financial issues in the future. Our team comprised of professional experts will guide you throughout the sales process. Read extra details on Apartment for sale in Dubai.
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.
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.
Emporio is a Dubai-based group of companies including real estate agency offering professional and value-based property management services to landlords and tenants across the UAE. Emporio real estate in group is not only one of the leading companies of the UAE but a name of trust and happy living. How it all started/Our Story It all started back in 2005 when we set up a small office in dubai with some team members and entered in the world’s most competitive real estate. Discover more info on https://www.emporio.ae/.