Tag: property

Should you buy or rent a home in Dubai?

  By

Choosing between renting and buying a home is one of the biggest decisions most expatriates have to make in Dubai. Even though the market conditions seem to sway in favour of the buyers, it is still a very big decision facing most people. Currently, due to increased competition in the market, property prices are coming down. It is a ripe time for those looking to own a home in the UAE. On the other hand, rent prices are also favourable.

Here are some few factors you should consider when deciding to either buy or rent a home

1. Your stay

The first thing you need to consider is how long you are planning to stay in the country. Considering how long you are going to live in the country will help choose the most viable option.

Are you planning to spend the next ten years In the UAE? If you are planning to stay for a couple of years or permanently, buying a property may be a good option. On the other hand, if you are not absolutely sure about your stay, renting might be the best option.

2. Budget

Budget is an important factor that determines the choice you will make. If you have a reliable and steady source of income, buying a property may be easier. You will only need to make a minimum deposit of 25% and pay the balance in monthly instalments.

Before taking the liability of a tenancy contract, you should consider your financial position. However, if you are going to be making a monthly rent, why not pay towards owning a home? After some few years, you will be a property owner.

3. Market condition

It is very important to take a look at the property market before making any investment decision. Currently, the real estate market in the UAE is favouring buyers with strong ROI across the whole country.

Staying up-to-date with the market conditions will help you to make a better decision.  There is huge competition in the market and prices are falling significantly.

4. Level of control

The level of control you desire on your property may also influence your decision when choosing between buying and renting a property. For example, owning property gives you control over modification and customization especially when buying off plan property in Dubai.

Damac Towers by Paramount Hotels and Resort is a development that comprises of a hotel and residency towers. It is developed by Paramount Hotels in conjunction with Damac Properties.  The best part is that the residential suites are sold off plan at affordable prices which expats can also invest in.

Lights, Glamour, Action at this project in Dubai

  By

Hollywood may seem far away but it’s just right around the corner. Literally! Paramount Tower Hotel & Residences has been crafted as more than just a destination. It’s a living, breathing world driven by imagination. It’s where anything is possible.

If you are a film fanatic or want to live the life of a Hollywood star? Find out more on Paramount Tower Hotel and Residences here:

The 63-storey tower consists of retail on the ground floor and a hotel, which has levels 15 to 25,  has a selection of beautiful rooms and suites that is tailored for comfort, and creativity that comes with an incredible experience for guests.

The hotel rooms or suites of Paramount Tower Hotel Dubai represent the signature of ultimate luxury with intelligent, attentive and intuitive hospitality style. It’s a whole package: premium dining, exquisite design, warm service, finest spa and more, which sets a rare standard in luxury hospitality.

Additionally, it provides an array of signature Paramount Hotels & Resorts amenities for both guests and residents.

Rooftop infinity pool with stunning views of the Burj area, restaurants and lounges, high-end retail outlets, fully-equipped gymnasium, fitness and wellness centre as well as rooftop terrace with seating and planting are some but not all key features and top-notch amenities.

Paramount Tower Hotel & Residences Dubai is perfectly positioned within the city of dreams. The 258 metres tall tower is in a supreme setting on the famous Sheikh Zayed Road allows guests or residents to consume the superb views of Dubai’s breathtaking view.

It is close to all the popular destinations such as the Dubai International Airport, Burj Khalifa, City Walk Dubai and more. In addition to the near areas, there are two metro stations close by.

This is in return, makes it a great investment opportunity for the discerning investor.

Choosing The Right Solicitor When Buying & Selling a Home

  By

When you are buying or selling a property, one of the most important cogs in the machine is a great solicitor who can help to ensure that the whole process runs as smooth as possible. Because of the level of legality and detail in buying and selling property, it always makes sense to have a solicitor on your side, and a great one at that.

I was fortunate enough to have the guys at Woodgrange Solicitors on my side at the end of last year when I finally sold my apartment and I frankly couldn’t have done it without them. There is no absolute requirement for a solicitor but it can most certainly make your life better and if you are buying or selling, here is how to choose the solicitor which can best help you.

Estate Agent Recommendation

It is common practice for your estate agent to recommend a particular solicitor which they usually deal with. Many people consider this to be the easier option and at times you could very well get a great solicitor. The only slight issue that exists here is that the estate agent will no doubt be taking commission from your use of the solicitor and for that reason they may tell you that they are better than they really are. When your estate agent recommends a solicitor, just make sure that you have considered all aspects before deciding.

Using The Internet

The internet is a great tool to use when you are looking for a solicitor and you will be able to not only find solicitors that specialize in house sales, you can also see what others had to say about them. Word of mouth has long been one of the best ways to find great services and that still exists in the modern world, albeit a digital version. My advice would be that once you begin your search for a solicitor, you should start online and choose 3 that operate in your area, and have a good amount of positive things said about them online.

Feeling Your Gut

The very best way to decide on a solicitor in my view, is to call them and arrange a meeting so that you can discuss what it is that you are looking for. During this meeting it will be important to understand price, logistics and practicality, but also to get a feeling as to whether you are going to be happy working with this particular solicitor. The job of a solicitor during a property transaction is not one that requires to much in terms of speciality and their side of the deal is actually very simple. For this reason, there is no need to go out and look for the very best solicitor out there, it is more about finding one that you are confident working with and that charges a fair price for the services that they offer.

Buying or selling a house is never an easy process so make sure that you get the right solicitor which can help you through the transaction.