Rama Real Estate https://www.ramarealestate.ae Mon, 11 Apr 2022 10:02:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Top Five Property Management Companies- Dubai https://www.ramarealestate.ae/explore-dubai/top-five-property-management-companies-dubai/ https://www.ramarealestate.ae/explore-dubai/top-five-property-management-companies-dubai/#respond Mon, 11 Apr 2022 09:59:24 +0000 https://www.ramarealestate.ae/?p=12353 1. Manage My Property:

It was founded in 2007 and has over ten years of property management experience. They provide a comprehensive range of turnkey services for Dubai real estate.

People admire them because they have extensive expertise and in-depth understanding of successful asset management, modern technology, and effective management solutions, allowing them to deliver complete transparency and peace of mind to their clients.

Unlike other organizations, they provide detailed inspection reports during the tenancy period to verify that the client’s tenant is responsible for any damages they create while on your property.

Another thing that makes them stand out is how easy it is to deal with them. The first step is to get in touch with them and submit them the necessary documentation. Step two is to sign the documents and agree to the terms and conditions. The final step is to download their app and keep a real-time eye on your property.

Services: Residential, Commercial, Full Building, Handover and Snag.

2. KeyOne Properties:

It’s a subsidiary of KeyOne Real Estate, is well recognized for all-around property management that provides outstanding value for money. Recognizing that property management is more than a series of economic transactions, the firm provides tailored solutions for each customer.

The main services provided by landlords are listing, management, and full management. The listing is free and includes professional images, a to-let sign, key management, a viewing arrangement, and a tenancy agreement.

Handling tenants, rent collection, monthly statements, online portal and 24/7 contact line, check-in and check-out inspections, service charges and bill payment, and arranging property insurance are all included in the Management and Full Management packages. The key distinction is in the rates: the Management package charges 5% of the rental income, while the Full Management package charges 7%.

Because of the additional property inspections during tenancy, repairs management, contractor management, and rental tribunal support, the latter receives an extra 2%. But what actually distinguishes Key One from other property management businesses is that they continue to assist you even after their service contract has ended. They provide free casual letting and charge a little price for inspections, tribunal aid, and property maintenance.

Services: Lettings, Property Management, Property Assessment, Online Listing, Maintenance, Housing Tools, Online Payment Facility, Landlord Portal

3. Betterhomes:

It was founded in 1986, around the same time as Asteco, and has been purchasing, selling, and renting homes for almost 35 years. The company aspired to provide clients with a more holistic real estate experience through property management six years into the business.

Betterhomes is a firm known for delivering quality service that clients trust, having worked on properties with big developers all around the UAE for so long. They’ve also established offices in Abu Dhabi and Qatar, in addition to Dubai.

Despite the fact that property management is not the company’s specialty, it is nonetheless regarded as one of the best in Dubai due to its comprehensive package with an annual rate of 8% or AED 5,000, whichever is higher. Marketing your property, screening possible tenants, collecting rent, and maintaining it are all part of this process.

Betterhomes constantly puts the client’s needs first and ensures that your investment is worthwhile—as seen by their track record. They currently have a 95% occupancy rate, greater rental yields than non-managed homes, and manage over 5,000 properties across the UAE.

Services: Management, Rental Collection, Handling Tenant Concerns, Maintenance and Repairs, Quarterly Account Statements, Marketing, Tenant Screening.

4. Yallarent:

It is a modern organization that aims to level the industry playing field by providing a property management solution unlike any other on our list.

Consider Yallarent to be the firm that manages your hotel or serviced apartment for you, combining the functions of the concierge and housekeeping into one. As a result, Yallarent primarily serves Airbnb, Booking.com, and TripAdvisor short-term rental properties.

Yallarent provides local market expertise, custom build pricing tools, and up to 40% more rental income in order to maximize your income.

They also ensure the safety of your property with a comprehensive guest screening service, ID checks, and a 24-hour emergency hotline.

Their comprehensive management package includes services such as managing all legal paperwork prior to opening, listing and advertising profiles, key drop off, and more.

Services: Short-term Rentals Management, Guest Screening, Check-in and Check-out, Cleaning Services, Emergency Contact, 24/7 Response Guest Communication.

5. Provident:

It is a new firm that has the experience of one that has been around for decades. It was founded in 2008. While it began as a real estate firm, its property management division has grown into its own entity.

Provident provides property and facilities management for just about any type of property, demonstrating their team’s adaptability. Commercial, residential, and industrial properties are all on the list. You will be charged 8% of the rental proceeds for the Full Property Management service. While the price is a little more than some, you get a long list of services that few firms will provide at that price.

The advertising service, tenant screening, professional property photography, condition reports, and a specialized key account manager are among the list’s greatest features.

The benefit of having your own key account manager is that you’ll have someone to keep you updated on a frequent basis. They not only meet your needs as a landlord, but they also work to ensure that your tenant is happy during his or her stay. Don’t worry if you think the 8% rate is a little too high. They also offer a 5% package that includes the same benefits but excludes the inspections and maintenance services.

Services: Full Property Management, Letting, Marketing, Advertising, Maintenance, Repairs, Tenant Screening, Professional Property Photography, Condition Reports, Fund Collection and Transfer Service, Dedicated Key Account Manager, Remarketing of Property, Debt Collection, Property Inspection, Financial Reporting.

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Top Five British Universities in the UAE https://www.ramarealestate.ae/explore-dubai/top-five-british-universities-in-the-uae/ https://www.ramarealestate.ae/explore-dubai/top-five-british-universities-in-the-uae/#respond Mon, 11 Apr 2022 09:53:41 +0000 https://www.ramarealestate.ae/?p=12358 A number of British universities are located in Dubai, providing students with opportunity to advance their careers. At these Dubai universities, students can learn new skills, develop independent thought, and engage in intellectual conversation. We’ve compiled a list of the best British universities in Dubai to make your decision easier.

 DUBAI LIST OF BRITISH UNIVERSITIES

Multidisciplinary degrees such as business management and engineering are available at British institutions in Dubai, with an emphasis on practical skills rather than theoretical understanding. For academic excellence and global renown, the following UK institutions in Dubai are the most sought after.

1. THE DUBAI UNIVERSITY OF THE UNITED KINGDOM OF UNITED KINGDOM OF UNITED KINGDOM OF:

 The British University of Dubai is a reputable university in the emirate that offers a variety of undergraduate degree programmes. To enhance the learning experience, the university campus has a digital library, as well as an engineering lab, an architectural lab, and a physics lab.

Indoor and outdoor sports, as well as a recreation centre, are available on campus to keep students occupied outside of class. It is not only a renowned business institute, but it is also one of Dubai’s greatest engineering universities.

Undergraduate Programmes: Bachelor’s degrees in Business Management, Accounting, Industrial Engineering, Electro-Mechanical Engineering, Computer Science Software Engineering, and Artificial Intelligence.

Postgraduate and doctoral programmes: MBA, or Master of Business Administration in Finance.

Annual Fees: AED 56,250 (undergraduate programmes), AED 50k (graduate programmes) (Doctoral programs)

Location: DIAC

2. HERIOT-WATT UNIVERSITY:

Heriot-Watt University is one of Dubai Academic City’s premier universities, offering a wide range of undergraduate and postgraduate degrees. It is the only British engineering university in Dubai that offers a variety of engineering specialisations. This university has almost 77,000 alumni working in important positions all around the world, demonstrating its standing.

With its international teaching standards, Heriot-Watt University educates students while also ensuring a successful career. If you’re looking for architecture, computers, or other technical degrees, it’s also one of the greatest international institutions in Dubai. Scholarships are available at the university for deserving students.

Undergraduate Programmes: Computing and Electronics, Electrical & Electronic Engineering, Robotics and Interactive Systems, Chemical Engineering, Automotive Engineering, Civil Engineering, and Petroleum Engineering.

Annual Fees: Varies depending upon the type of course | AED 58,800 (MA Accountancy).

Location: Knowledge Park.

3.UNIVERSITY OF BIRMINGHAM DUBAI:

Are you looking forward to joining the top 1% of colleges in the world? The University of Birmingham is one of the best British universities in Dubai, with roots reaching back to 1900. As a result, you have the option of studying at the University of Birmingham’s Dubai campus, which offers internationally recognised programmes. This British university in the UAE is known for improving the lives of its students, which is a unique feature.

Students will be challenged to reach their full potential through the foundation, undergraduate, and postgraduate programmes. Students at the University of Birmingham in Dubai have access to a variety of resources. The prayer rooms are separate for male and females students to fulfil their spiritual needs.

Undergraduate Programmes: Business Management, Computer Science, Finance, Economics, Mechanical Engineering and Psychology.

Postgraduate Programmes: Computer Science, International Business, International Commercial Law, Teacher Training and Inclusion & Special Education Needs.

Annual Fees: Varies for the course | AED 94,766 (Undergrad Business Management program).

Location: Block 2, Dubai International Academic City.

 4. LONDON BUSINESS SCHOOL DUBAI:

The London Business School, as its name suggests, is one of Dubai’s premier business schools. Postgraduate degrees in business management, leadership, finance, and strategy are available.

To provide students with vital business skills, London Business School Dubai employs an experienced faculty and uses immersive learning approaches. An Executive MBA programme is also available at the university.

Postgraduate Programmes: Business Management, Global Management, Finance, Human Resource, Marketing and Financial Analytics.

Annual Fees: Varies depending upon the type of course.

Location: Gate Village 02, Sheikh Zayed Road.

5.MANCHESTER BUSINESS SCHOOL DUBAI:

Manchester Business School Dubai is another prominent business school. This university, located in Dubai’s Knowledge Village, offers postgraduate business degrees from the United Kingdom. Manchester Business School in Dubai is your best bet if you’re looking for the best MBA universities in Dubai. The university offers postgraduate MBA programmes with intense workshops designed to provide students with practical knowledge and skills.

Postgraduate Programmes: Global Part-time MBA and Part-time MSc Reliability Engineering and Asset Management.

Annual Fees: Approx. AED 4,5747

Location: Block 2B, Office F16, Al Burooj St.

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Top Three Qualities of a Real Estate Developer https://www.ramarealestate.ae/property-buying-advice/top-three-qualities-of-a-real-estate-developer/ https://www.ramarealestate.ae/property-buying-advice/top-three-qualities-of-a-real-estate-developer/#respond Mon, 11 Apr 2022 09:51:15 +0000 https://www.ramarealestate.ae/?p=12344 Of course, only the most trustworthy real estate brokers representing the world’s leading real estate developers are allowed.

Connecting with others:

You want to be in an environment that makes you feel at ease and joyful. You value aesthetics and architecture. You fantasies about settings that can help you feel better. All of this and more is possible when you locate the perfect real estate business to match your goal with a property that reflects it.

This is why selecting a real estate partner you can trust is critical. A trusting friendship can lead to meaningful and fruitful collaborations. In an ideal world, you’d like to stay in a place for as long as possible, so start looking for a home as soon as possible. It’s critical to know whose developer a real estate agent represents before speaking with and negotiating with them.

Buying or renting a real estate property necessitates caution and prudence in your interactions. Only consider the best real estate deals that a reputable real estate firm has to offer.

However, how can you be certain that you’re dealing with a reputable company?

Here are three basic yet crucial things to look for in a real estate developer to ensure that your best interests are always prioritized:

1. Prior experience

First and foremost, you want to partner with a company that has a proven track record of excellence. Since 2002, DAMAC Properties, for example, has shaped the Middle East’s premium real estate sector. Years of experience demonstrate how much effort and passion we have put into ensuring that we provide landmark business, recreational, and residential buildings.

Similarly, a company’s years in business are a reflection of the confidence and trust that their customers have placed in them. When customers have high regard for a firm, it gives them the foundation to build on their patrons’ trust in the brand and business. A business does not grow overnight. It takes time, patience, and a lot of drive to ensure that it continues to stand tall and strong throughout time.

Longevity in the industry denotes the ability to weather the highs and lows that the property market experiences on a regular basis.

You may also look at a real estate company’s entire list of accolades and awards. The award demonstrates how their peers in the industry, as well as specialists from other fields, vouch for the quality and uniqueness of their projects. DAMAC Properties has received widespread acclaim, winning over 100 local and international prizes and commendations.

2. Professionalism:

Years of experience will also indicate that the developer has the ability and abilities necessary to plan and develop high-quality projects. This equates to just giving the highest-quality real estate properties you can rely on to invest or live in. Put your faith in a reliable and well-known property developer like DAMAC Buildings, which prioritizes the creation of exceptional commercial, residential, and leisure properties. People have enjoyed living in and spending time in the projects we have constructed because of their high quality.

A well-established business will have the right people on staff. We emphasize knowledge and expertise here at DAMAC Properties. As a result, you can rest assured that the property experts on our team will priorities your requirements. Expect these real estate professionals to respond to your needs in a timely and professional manner.

3.Empathy:

While it is critical for businesses to focus on the bottom line, it is also critical to consider the needs of the employees. When you choose a property developer who shows compassion and consideration for others, you can rest assured that your demands will be met.

Corporate responsibility programmes can also reveal a company’s character and beliefs. Look at how much time, effort, and resources are invested into each endeavour to see how true efforts surpass more than simply the publicity and commotion. It’s not simply a one-time event when you go out and plant a tree or clean up the beach. It’s part of a larger effort to give back to the community and promote positive change.

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Tips to get a quick mortgage approval https://www.ramarealestate.ae/property-buying-advice/tips-to-get-a-quick-mortgage-approval/ https://www.ramarealestate.ae/property-buying-advice/tips-to-get-a-quick-mortgage-approval/#respond Mon, 11 Apr 2022 09:28:59 +0000 https://www.ramarealestate.ae/?p=12342 For some people, getting a home loan can be difficult. They’d have to make a life-altering decision that would alter the dynamics of their financial condition for years. This is due to the monthly EMIs they will be paying. It will undoubtedly have an impact on their monthly expenses. It will be simple to get authorised for a house loan if you meet all of the financial institution’s eligibility requirements. A solid credit score and a clean credit history will also assist you in obtaining immediate approval. It’s usually a good idea to get a few suggestions on how to get a home loan approved quickly.

Keep a good credit score:

Some people may not check their credit ratings before applying for a home loan because they believe they have acceptable credit. However, when it comes to their credit score and credit history, if they aren’t up to par, they will be rejected by lenders.

A credit score will always play a role in whether or not you are approved for a house loan. A good credit score indicates to lenders that you will be able to manage a house loan by making timely monthly EMI payments. Your credit score reflects the history of your credit. Your credit history is made up of information about all of the past credit you’ve had. Information on whether you’ve been paying your credit card bills on time or if you’ve been consistent in repaying past loans that you’ve taken out. A pristine credit history assures the lender that you will be able to repay a home loan. You’ll have no trouble getting your mortgage approved.

Your credit history may have inconsistencies that impair your ability to obtain a home loan. It is imperative that you review your credit history for inaccuracies and correct them as soon as possible. You don’t want a few blemishes on your credit report to stymie your efforts to obtain a home loan. If you haven’t paid off your previous debts, your credit history will reflect this. So, before you apply for a mortgage, you should pay off all of your bills.

Maintain a steady income by staying employed:

Your lender will look into your present employment and income when conducting a background check on you. If you are currently unemployed and have applied for a home loan, the lenders will not be pleased. They’d have serious doubts about your ability to pay your EMIs if you didn’t have a job to support you. Lenders will always establish an eligibility criterion based on the applicant’s minimum income. If you meet the requirements, you will be considered.

Avoid obtaining new credit and pay off existing debts:

Taking up new credit, such as a personal loan, while applying for a home loan is not a good idea. This is because it will result in a thorough investigation. When a lender does a credit check as part of your application for new credit, they make a hard inquiry. Your credit score will decline if a hard inquiry is done on you. This will reflect poorly on your credit history, and it is possible that this hard inquiry will obstruct the approval of your house loan when it is assessed by lenders. Managing your mortgage and personal loan instalments at the same time is also not a good idea. Double EMI payments will drag you down, trapping you in debt.

It is recommended that you pay off your prior debts before applying for a home loan. If you are in the process of paying off past obligations, you should wait until the debt is completely paid off before pursuing your dream of owning a home.

Double-check that you can afford the loan amount you require:

You’ll be paying your EMIs, so figure out how much you can afford to set away each month for them. Keeping your monthly budgets in mind, you’ll need to devise a strategy for balancing your outgoings. If you believe you will be unable to make the EMI payments, you may wish to wait and save money. Because it will be difficult to obtain a home loan if you are not financially prepared. When it comes to getting a mortgage, having a solid financial foundation is critical.

Try to save money before taking out a loan:

When you’ve decided you’re ready to buy a home, you can begin saving. You may have enough money to make a down payment by the time you are financially stable enough to take out a home loan. In India, banks are only allowed to lend up to 80% of the buying price of a home. You would be responsible for the remaining 20% as a down payment. For example, if you borrow Rs. 50 lakhs from a bank, you will be required to make a down payment of Rs. 10 lakhs. The lender will cover the remaining cost of Rs. 40 lakhs. As a result, if you’re looking for a home loan, be sure you have enough money set aside for a down payment.

Make sure you have all of your documentation in order:

When the collateral offered is the house you’re going to buy, there should be correct property documentation. These aren’t the only documents you’ll require. Financial institutions that are prepared to lend you money will require verification of your income and your credit history. Only if you have all of the essential paperwork will you be considered for a mortgage.

Choosing the proper home and obtaining the finance to purchase that home will be difficult. However, it all depends on whether or not your home loan is authorized. Obstacles such as a poor credit score or a blemished credit history should not prevent you from purchasing your dream home. Also, make sure you can stick to your budgets when paying your EMIs.

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Timeshare Portal-Dubai https://www.ramarealestate.ae/explore-dubai/timeshare-portal-dubai/ https://www.ramarealestate.ae/explore-dubai/timeshare-portal-dubai/#respond Mon, 11 Apr 2022 09:21:56 +0000 https://www.ramarealestate.ae/?p=12339 Dubai’s Department of Economy and Tourism (DET) have launched an online portal that allows timeshare operators to register, apply for permits, and provide insights and guidance to customers and tourists, furthering His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai’s vision of making Dubai the world’s best city to live, work, and visit.

Customers, tourists, investors, and holiday operators in Dubai will benefit from the new portal, which complements the legal framework established by Dubai’s new Timeshare Law. The DET-built Timeshare Portal, which was established in collaboration with partners, allows potential timeshare operators to register and submit applications for timeshare properties, get a license as a registered timeshare operator, and renew these licenses on a yearly basis.

The site will have a significant impact on the tourism economy, boosting investor trust in the city’s real estate and hotel options. It will also expedite the approval process and provide investors, owners, and operators with assistance and quick access to information, as well as tourists who seek to use timeshare during their vacation to Dubai.

The Timeshare Portal strives to create a better business environment and a more seamless experience for all parties involved, while also ensuring client safety. The portal is a multi-entity endeavour that spans Dubai. The Timeshare Portal strives to create a better business environment and a more seamless experience for all parties involved, while also ensuring client safety. The site, which is a multi-entity Dubai-wide project, is largely driven by a cooperation between DET and the Dubai Land Department (DLD), with ongoing coordination from the Dubai International Financial Centre (DIFC). The simply navigable online portal aims to advance the cause.

The Timeshare Law, which governs the timeshare industry, attempts to preserve all parties’ rights while also spurring growth in the hospitality, tourist, and real estate industries. DET, in partnership with DLD and DIFC, maintains a database of property brokers, developers, establishments, and operators in line with the law. DET may now monitor and inspect all facilities in order to identify and handle all contractual terms and conflicts.

DET also monitors timeshare contracts and investigates complaints and grievances against anyone who engages in timeshare activities in Dubai without first acquiring the necessary permits and permissions. All new timeshare properties will only be designated as part of new or existing hotel rooms, according to the law, but legacy operators will be allowed to continue operating. No private properties will be allowed to run timeshares under the upgraded system offered through the portal.

“With Dubai safely overcoming global challenges, we continue to explore new pathways for growth, as well as opportunities created by the changing landscape to further diversify our destination proposition, based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to make the city the world’s leading travel and tourism destination. We now have a regulatory model that supports customers, developers and vacation ownership operators with a clear and fair legal framework in place for all parties involved in the domestic timeshare market. The launch of the online Timeshare Portal will support the implementation of the Timeshare Law and help pave the way for a world-class vacation ownership market in Dubai, whilst also providing suitable alternatives to tourists encouraging them to spend multiple and extended holidays in the UAE.”

“Our strategic partnership with the Dubai Land Department and multi-level cooperation with other government and private sector entities to ensure smooth implementation of the Timeshare Law is testament to the ongoing collaboration between government and private sector partners in Dubai, which has been an integral feature of our city’s continued success. As we ramp up efforts to further accelerate growth in this landmark year of Expo 2020 and the UAE Golden Jubilee, and beyond, we are fully committed to taking robust measures and setting new benchmarks to enable us to remain competitive as a global tourism and investment hub.” Is what the Director General of the Department of Economy and Tourism said.

A timeshare is a vacation real estate shared ownership model in which numerous investors jointly own a property and each owner is given a set amount of time to utilize the unit, usually in one-week increments. Many various types of hotel properties, such as vacation resorts, villas, and flats, can use the timeshare model. Even before the global pandemic, the vacation ownership market was booming, thanks to changing consumer spending habits that made timeshares a more flexible and affordable vacation alternative.

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Things You Need to Know When Financing a Property in Dubai https://www.ramarealestate.ae/explore-dubai/things-you-need-to-know-when-financing-a-property-in-dubai/ https://www.ramarealestate.ae/explore-dubai/things-you-need-to-know-when-financing-a-property-in-dubai/#respond Mon, 11 Apr 2022 09:16:02 +0000 https://www.ramarealestate.ae/?p=12335 Many expats and Europeans were hesitant to buy property in the Middle East a few years ago. Middle Eastern countries, particularly Dubai, have now become popular selections for property buyers. Many expats opt to buy a home in Dubai rather than elsewhere in the world. Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers (JLT), Downtown Dubai, Business Bay, and new developments like Emaar Beachfront are the most popular investment regions.

House prices in Dubai increased by 21% in late 2021, and international demand is expected to increase much more this year. This could be an ideal opportunity for many expats or foreign investors to invest in real estate in the country as a passive income stream.

However, as with any other real estate investment, one of the most important problems you’ll have to address is how you’ll pay for it. This is where the possibility of obtaining a home loan mortgage in Dubai comes into play. But, before you go any further, there are three things you should know about financing a house.

Your Borrowing Limit is Determined by Your Residence and Homeownership Status:

One of the things you’ll examine when thinking about how to finance a property as an expat is your loan limit. This will determine the amount of money you’ll need for a down payment.

As an expat, your maximum borrowing limit is 80 percent of the property’s worth, although UAE nationals can borrow up to 85 percent. This, however, depends on a number of criteria, including your income, credit score, and the value of the property you want to finance.

For example, houses worth more than AED 5 million usually have a maximum LTV value of 75 percent for Dubai locals and 70 percent for expats.

Learn about the various types of mortgages available:

Expats in Dubai can easily obtain various forms of house loan mortgages to assist them finance their property objectives. It is important that you spend some time researching the various types of financing accessible to you before making a property financing selection. In the UAE, you can apply for a fixed-rate or variable-rate mortgage. Variable-rate mortgages typically have a 5-year term, whereas fixed-rate mortgages often have a 25-year term.

There will be varying interest rates for each option. Mortgage rates have been hovering around 3% recently, but they are expected to rise in the coming year. As a result, many purchasers may be enticed to take out a fixed-rate mortgage due to its predictability. You may also be eligible to receive a preferential mortgage if you currently own a home and want to buy another one as a second home or for investment purposes, you may be able to get a preferential mortgage deal.

“This number has now calmed down with primarily new consumers coming into the market,” says the co-founder of Holo. If you already have a mortgage and want to take out a second or refinance, your loan-to-value ratio will be 65 percent for Emiratis and 60 percent for expats.”

Make sure you account for the additional costs of purchasing a home:

Another factor to consider (and one that many homebuyers overlook) is the higher expenditures associated with purchasing a home in Dubai. The majority of international purchasers prefer to buy freehold properties from developers, which demand a 10% deposit. There are, however, transfer and closing costs to consider. Those buying property in Abu Dhabi or Dubai, for example, must pay a 2% transfer fee to the Dubai Land Department. This is in addition to your real estate agent’s 2% commission. The reason for purchasing a house in Dubai will also have an impact.

Finally, don’t feel rushed when it comes to purchasing a home. Purchasing and financing property in another country can be hard, so it’s always a good idea to take your time learning about your alternatives before taking the plunge. You’ll be off to a good start if you have the necessary information about your financing alternatives while buying a house in Dubai.

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Things to know before signing Tenancy Contract/Rent Agreement https://www.ramarealestate.ae/property-buying-advice/things-to-know-before-signing-tenancy-contract-rent-agreement/ https://www.ramarealestate.ae/property-buying-advice/things-to-know-before-signing-tenancy-contract-rent-agreement/#respond Mon, 11 Apr 2022 09:13:32 +0000 https://www.ramarealestate.ae/?p=12333 A rental / lease agreement is a legal document that states that both the owner and the tenant have agreed to abide by the rental laws and the terms of the agreement. A rent agreement is often written by a real estate agent employed by both the landlord and the renter. Both the landlord and the tenant must sign the agreement in the presence of two non-beneficiaries of the property who will sign the agreement as witnesses in order for it to be legitimate. In the majority of cases, the real estate agent also serves as a witness.

Details in it:

The terms and conditions under which the property is rented are outlined in a rent agreement. The agreement includes the tenant’s name, as well as the landlord’s name and the address of the rental property. We often make the mistake of not reading a contract before signing it. Obtain a copy of the rental agreement and review it thoroughly before signing it. Make sure the individual you’re dealing with is the property’s actual owner or landlord. You also have the right to inspect the documentation proving that all prior bills relating to the house, particularly the electricity, water, and gas bills, have been paid. The amount of rent paid and the length of time for which the rent agreement is formed are both included in a rent agreement. The average length of a rent agreement is 11 months. Also included at the outset should be a clear indication of the terms and conditions under which the agreement might be extended when it expires. If the lease agreement is for more than a year, the owner must register the lease agreement by paying the required stamp duty.

The rent agreement also specifies the amount of security that the renter must deposit with the landlord. Typically, the deposit is held for the term of the tenancy. The deposit protects the landlord against the cost of replacing or repairing property that has been destroyed by the renter.

The agreement also specifies the deadline by which the rent must be paid. It may be the 5th or 10th of every month, for example. The penalty charges that the renter will be responsible to pay if he fails to pay the rent by the due date should also be defined in the agreement.

Other Terms:

The deposit protects the landlord against the cost of replacing or repairing property that has been destroyed by the renter. The agreement also specifies the deadline by which the rent must be paid. It may be the 5th or 10th of every month, for example. The penalty charges that the renter will be responsible to pay if he fails to pay the rent by the due date should also be defined in the agreement.

Visit the Place:

Before signing the leasing agreement, go to the location where you wish to stay for rent at least once. You must not only inspect the house’s condition, but also ensure that all electrical and water connections are in working order. Check to see that the windows open, close, and lock properly. Examine the walls as well. Also, make sure that all of the appliances in the house are in good functioning order. In most cases, it is the owner’s responsibility to guarantee that the property is in excellent working order when it is turned over for ownership. This would imply that all electrical and water connections are operational, as well as the electricity meter and water motor.

Additional Charges:

Additional monthly charges, such as society maintenance fees, energy bills, and water bills, could be included in the rent agreement. The rent agreement can also include information about the property’s amenities, such as parking. These additional charges, as well as the person who is responsible for paying them, should be clearly stated in the rental agreement.

Notice Period & Penalty:

If any party breaches the agreement’s terms and conditions, it will become void, and the offended party may pursue legal action. As a result, the agreement should include a warning period and a penalty if the agreement is not completed within the given time frame. In most cases, a one-month notice period is required.

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The UAE has announced the lowest corporate tax rate in GCC https://www.ramarealestate.ae/explore-dubai/the-uae-has-announced-the-lowest-corporate-tax-rate-in-gcc/ https://www.ramarealestate.ae/explore-dubai/the-uae-has-announced-the-lowest-corporate-tax-rate-in-gcc/#respond Mon, 11 Apr 2022 09:10:12 +0000 https://www.ramarealestate.ae/?p=12330 From next year, the UAE will impose a federal tax on company earnings. Because of its tax-free environment, the country has attracted many enterprises and international organisations. Corporate organisations, on the other hand, will be assessed taxes for the first time. The tax rate has been set at 9%, the lowest among all GCC countries, in order to retain its attractiveness to international businesses. If a company earns more than AED 375,000 in profit, it must pay the tax.

This decision was made to bring the country into line with current international norms and the global trend of levying a minimum tax on corporations. The UAE also confirms its commitment to tax transparency with this new corporate framework.

This new tax will go into effect in June 2023. This new tax will not affect companies operating in free zones if they only do business in free zones.

According to the global financial watchdog, the UAE was considered to be “greylisted” among countries that do not take significant steps to prevent terrorism funding and money laundering, which led to the new corporate tax regime.

In the past, the UAE has taken a number of steps in this direction, including imposing VAT and customs duties on imported goods. Both are subject to a 5% tax. Insurance businesses and banks that operate outside of the free zones are also subject to taxation.

The tax on these organisations’ earnings is determined at a maximum of 20% of their earnings. There is also a separate programme that oversees the country’s oil and gas taxation.

Experts believe that the tax rate levied is relatively acceptable, especially when compared to other countries. Saudi Arabia, for instance, levies a 20% tax on net adjusted profits. It is the region’s most expensive tax. Corporate income in Oman is taxed at 15%, while corporate income in Qatar and Kuwait is taxed at 10% and 15%, respectively. However, there are some exceptions in these countries. Bahrain is the only country in the region that has yet to make an announce corporate tax. Despite the fact that the imposition of these taxes has increased the cost of living in the UAE, the government launched many steps to encourage foreign investment during the pandemic. The consequences are visible, as the real estate market in Dubai and other emirates is booming, and more individuals are interested in purchasing property there. Furthermore, the country removed the necessity for a local sponsor, allowing entrepreneurs to own 100% of their businesses in the country.

This tax will have no effect on individuals because it is imposed at the corporate level. Furthermore, the new tax will have no effect on the real estate industry. Employees, on the other hand, may be impacted indirectly because some companies may lower pay scales in order to keep shareholders happy.

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The Top 8 Breakfast Restaurants in Dubai with a View of the Sea https://www.ramarealestate.ae/explore-dubai/the-top-8-breakfast-restaurants-in-dubai-with-a-view-of-the-sea/ https://www.ramarealestate.ae/explore-dubai/the-top-8-breakfast-restaurants-in-dubai-with-a-view-of-the-sea/#respond Mon, 11 Apr 2022 09:08:41 +0000 https://www.ramarealestate.ae/?p=12328 A solid morning routine can help you stay energized, refreshed, and productive throughout the day. A negative start, on the other hand, will only lead to a foul attitude that will last the rest of the day, repeated headaches, and a lack of productivity.

Nothing beats the feeling of eating breakfast with beach and waves just a few feet away when it comes to starting the day on a pleasant and refreshing note. And if you live in Dubai, you’ll have lots of opportunities to partake in this activity. Nothing beats the feeling of eating breakfast with beach and waves just a few feet away when it comes to starting the day on a pleasant and refreshing note. And if you live in Dubai, you’ll have lots of opportunities to partake in this activity. Let’s take a look at some of Dubai’s best sea-facing breakfast spots:

Breakfast Restaurants with a View of the Sea in Dubai

1. Eggspectations:

Eggspectations, one of Dubai’s most renowned sea-facing breakfast eateries, is located in the gorgeous Jumeirah Beach Residence (JBR). Apart from its amusing name, it lures customers with its enticing menu, which comprises a wide range of egg dishes (no surprises!). There are 11 different types of eggs Benedict on the menu, with 7 different kinds of omelettes. If eggs aren’t your thing, try their waffles, pancakes, and other delectable delicacies.

2. Bla Bla:

Bla Bla, which has a perfect location on the world-famous JBR beach, serves a variety of breakfast delights that draw visitors from all over the emirate. Bla Bla has pushed its way to the top of the list of best breakfast venues in Dubai with magnificent sea views, despite being a relatively new name. The eatery, which also doubles as a beach club, offers a variety of specials to suit the tastes of its eclectic clientele. They currently feature a “Set Breakfast” offer that is offered every day until 11:30 a.m.

It costs AED 65 and includes any cuisine and drink of your choice, as well as coffee or tea. Of course, the breath-taking views of the sea are free.

3. Café Nikki’s:

Café Nikki is located on Nikki Beach, a well-known staycation area, and is an excellent choice for a breakfast spot in Dubai with beautiful views. This café has a view of the ocean and an azure pool.

Local and foreign flavours are served here to tantalize your taste senses and offer you a fresh start to the day. Pancakes, crepes, avocado toast, granola, oats, and a range of egg alternatives are among the menu’s offerings. There’s also a selection of juices, teas, and coffees to choose from.

4. Ella’s Eatery:

Ella’s Eatery is a must-visit among the many breakfast restaurants in Dubai with sea views, offering an intimate experience amidst magnificent vistas. A three-egg omelette, pancakes, and organic eggs on toast are among the restaurant’s signature dishes. If you want a more complete experience, go for the breakfast brunch, which includes six meals for each person. It costs AED 70 and comes with a hot or cold beverage.

5. Lucky Fish:

Lucky Fish, a gorgeous eatery with Mediterranean vibes and a particular charm, is located in the most desirable area in the emirate, Palm Jumeirah. This café stands out from other breakfast eateries in Dubai because of its unusual setting on a sandy beach with sheltered tales.- Cottage cheese pancakes, eggs benedict, Lucky Fish French toast, avocado toast, crepes, and more breakfast options are available at Lucky Fish.

6. Koko Bay:

Koko Bay, located on Palm Jumeirah’s West Beach, is a fantastic beachside breakfast location with a beautiful atmosphere. If you arrive early enough, you can sit at a table just a few feet from the sea and enjoy a delicious breakfast. Asian omelette with minced chicken, Koko English breakfast, and Amazonica acai bowl are among the restaurant’s specialties.

7. Palm Bay:

Palm Bay is known for much more than its happy hours and brunch specials. If you’re searching for a full meal with beautiful views, its breakfast selections, which are available daily until noon, are a must-try. Breakfast items on the menu are generously portioned and will certainly fulfil your appetite for a great breakfast. It’s a pet-friendly establishment. So don’t forget to bring your pet friend along.

8. Saya Café, The Pointe:

Saya Café at The Pointe is a charming breakfast establishment that serves traditional fare. The intriguing interior, on the other hand, is the place’s feature. Pink blossoms and lights, a large floral wall, and pink velvet shell seats decorate the space. There is also a lovely love heart wall. All of this makes it the ideal location for a delicious breakfast and Instagram-worthy photos.

This brings us to the end of our list of the top breakfast spots in Dubai with amazing views of the sea. The majority of these establishments provide breakfast seven days a week.

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Legoland- Dubai https://www.ramarealestate.ae/explore-dubai/legoland-dubai/ https://www.ramarealestate.ae/explore-dubai/legoland-dubai/#respond Mon, 11 Apr 2022 09:06:33 +0000 https://www.ramarealestate.ae/?p=12226 The Middle East’s first Lego-themed hotel, the Legoland Hotel, has opened its doors in Dubai. The hotel at Dubai Parks and Resorts held an opening ceremony on Jan 18th, 2022, inviting guests to tour the new property before the first overnight guests arrived on Friday, 21st Jan 2022.

The hotel, which is filled with Lego characters, models, bricks, and more, is aimed at families with smaller children and is only 130 child-sized steps away from the entrance of Legoland Dubai Theme Park and Water Park. The Legoland Hotel at Dubai Parks and Resorts is welcomed by a smoke-breathing Lego dragon.

Look for the hotel’s beautifully coloured turreted flags atop the roof of the colourful green, blue, white, red, and yellow hotel as you approach Dubai Parks and Resorts. Guests pass through a clock tower guarded by Lego models and under a smoke-breathing Lego dragon before arriving at reception, where a child-sized check-in counter allows children to participate in every stage of the process.

The lobby features a large Lego Pond filled with innumerable bricks in every colour available, as well as a Lego-patterned carpet that runs the length of the floor. More than 2,000 Lego models adorn the hotel, which was built with more than 4.5 million bricks weighing more than 9,128 kilos. A turreted castle soft play area with ropes, slides, climbing frames, and more is located outside the lobby, with Lego-filled replica building pipes running up the ceiling.

The first Legoland hotel creative workshop:

It is also located at the hotel. It’s a location where tiny builders can get busy with what the Danish toy company terms “creative learning” sessions, and it’s located on the ground floor. Children will be supervised and coached as they construct their own Lego models, while right next door, a master model-maker will be hard at work creating unique, one-of-a-kind Lego models, which guests will be able to observe.

The hotel offers 250 themed rooms distributed across four stories, each with its own unique concept. Choose between a Pirate, Adventure, Friends, Ninjago, or Kingdom room, all of which can accommodate up to five people. If you’re travelling with a larger company, the larger suites sleep up to eight people and can be joined on more than one side, allowing parties of up to 26 people to have their own private apartment. Each hotel room includes a distinct area for kids, complete with bunk beds, “no adults” signs, and a TV to watch their favourite Lego movies.

The hotel, like Legoland’s theme park and water park, caters mostly to children aged 2 to 12, and it is undeniably kid-friendly, with the Lego motif plastered throughout carpets, corridors, walls, doors, elevators, and furniture. Each area is decorated with colourful Lego models, and there is also a Duplo station where kids may get creative. An honesty box by the front door encourages children who have grown too attached to certain bricks during their stay to return them to the hotel so that the future guests can enjoy them as well. There’s also a scavenger hunt for kids in every room, and the puzzle changes on a regular basis, so there’s always something fresh to keep them occupied.

Theme party and breakfast included:

Bricks Family Restaurant can be found on the ground floor. Breakfast is offered here, and it is included in the price of every stay. Diners are greeted by Lego models of cooks in the buffet-style restaurant, which features an entire section designed for children’s height, removing the need for parents to constantly be on hand to assist children in selecting food from the buffet. Lunch and dinner are served at this all-day eatery. Adults can have a beverage while their children are engaged in the creative workshop at the Skyline Lounge, which is slated to open soon.

Children will enjoy spotting the various models strewn throughout the hotel, as well as the big Lego camel. A big temperature-controlled swimming pool with Lego block floats and other toys is located outside. Of course, Legoland Dubai and Legoland Water Park are right around the corner, as are Motiongate, Riverland, and Bollywood Parks Dubai. The hotel focuses on providing high-quality family vacations. They treat youngsters as VIP visitors, which is a one-of-a-kind experience.

There is a Lego themed castle in the centre of the lobby, as well as a creative workshop for children interested in exploring their creativity and a scavenger hunt in the room, so parents and children can check in together. Their Bricks Family Restaurant will also have child-sized buffet counters. The list doesn’t end there; they have costume character visits throughout the stay, as well as children’s activities at certain times of the day.

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