Signs You Are Ready To Buy Your Own House – Take The Plunge

There is a time for everything in life. You need to be mentally and financially prepared when it comes to buying your first home. But how do you know that you are ready to take the plunge and buy your own home sweet home? Read on to know more.

1.You have a fixed financial plan –

Things will be changing once and for all after you Buy your own house in Dubai . Hence, you are ready to buy a house for yourself only when you have a fixed budget in mind and have a savings account as well. You also need to ensure that you have a fixed source of income to pay up the complete housing loan in monthly installments.

2.You are ready to settle down –

Once you’ve invested in a particular property and bought a house for yourself, you need to live in the place for a long period of time. If you think you won’t be able to settle down in a place on a long term basis, then you can rent an apartment instead.

3.You are ready to take up the maintenance charges –

While you’re renting an apartment, if there’s something broken or damaged, then you immediately report the issue to the landlord. But once you buy your own house, you have to take the responsibility yourself. All kinds of maintenance and renovation work will fall into your hands and hence you have to act like a landlord in this case.

4.You have a decent credit report –

If your credit report is in good form, you will have to pay lower installments on a monthly basis. You also need to be free of debts as the lenders will be having a look at your financial background before giving you such a huge amount.

5.You have money for emergency situations –

There are times when things go out of control. Say, you have to move overseas suddenly or a serious disease affects one of your family members. So in such cases, you need to still be able to pay up the monthly installments. If you have saved money for such situations as well, then it shows that you are ready to buy a house for yourself.
                        
All in all, financial discipline and alertness play a major role in buying a new house.so if you want to buy a new house in dubai in your budget please visit our website :
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Things you must remember before going on a vacation to Dubai

Dubai is an altogether different land for people living in other regions and continents. Hence, if you’re planning to have a vacation in Dubai, there are certain things you need to keep in mind.

1.Rent a villa or apartment in Dubai – Instead of staying in a hotel and shelling out a huge sum of money, you can buy Dubai villas for rent. This will give you and your family the much needed privacy and a place to relax after you’re done with the sightseeing and other activities in the city.

2.Visit the city during winter – The winter period is the best time to visit this city as it is very hot otherwise. Winter stays from November to March in this city.

3.Do not visit the place during Ramadan – Ramadan is the time when Muslims fast. If you visit the city during this time, you won’t be able to enjoy eating and drinking in public places as they are strictly prohibited during this holy month.

4.Stick to your budget – With the Dubai Mall and other fascinating places in the city, you’ll be forced to buy something or the other. You are likely to end up spending extravagantly. That’s the reason why you need to make a fixed budget and stick to it.

5.Speak fluently and slowly – The national language of Dubai is Arabic. However, most of the population can speak and understand English pretty well. So you can comfortably converse with them in English but it is good if you speak slowly and clearly.

6.Be aware of Dubai’s great culture – Dubai’s great culture has made it a very safe place to live in. Therefore, you should be aware and respect the Dubai culture.

7.Keep your visa in place – You can come for a vacation to Dubai via the visitor’s visa.  Have a discussion with your travel agent and get yourself the required visa.

Reasons why renting a vacation villa is better than staying in a hotel

Dubai has many top notch hotels and you can select any one of them for your brief stay in the country. However, we give you some good reasons to stay in vacation villas in Dubai instead of spending money on a hotel.

1.You can save your money – You can save a lot of money as vacation villas and apartments are made available at affordable prices. Therefore, you can enjoy the same facilities that you get in a hotel at a much reduced price.

2.You can enjoy some great family moments – A hotel is a public place. However, if you rent a vacation villa, you can enjoy some great moments with your family. It’s similar to having your own private home.

3.You can follow your own timetable – If you stay in a hotel, you have to stick to a schedule made by the authorities. Your dinner and sleeping times need to be adjusted as per the hotel’s timetable. However, staying in your own vacation villa will allow you to eat, sleep and enjoy with your family at your own sweet time.

4.You can even carry your pet with you – If you’re opting for a hotel, you cannot carry your pet along with you. On the other hand, getting yourself a vacation villa allows you to get your pet along. This is possible only if you’re renting a space for yourself.

5.You can plan a get together with family and friends - Getting an accommodation for your friends in the hotel can be a task. However, once you rent a vacation home or villa, you can invite your friends to your place and have a gala time.
                              
These are some of the perks of renting a vacation villa instead of staying in a hotel.

Reasons why Dubai can be a great vacation spot – Have fun

Dubai is slowly becoming one of the most visited cities in the world with its mind boggling skyscrapers, monuments, islands, malls and what not. Dubai can be called a great vacation spot due to the following reasons:

1.Dubai is a no tax land. Therefore, you can easily purchase goods for reasonable prices in any of the malls in the city. The malls in the city are known for their discounts and affordable rates. Moreover, people get to select from a range of items right from clothes, accessories to kid stuff and a lot more.

2.Dubai is known worldwide for its massive range of top notch hotels which will have a major role to play in your vacation. The hotels are known for their excellent service and hospitality. Besides the infrastructure is sure to get you amazed thoroughly.

3.Dubai is the home to some of the most elegantly carved buildings right from the Burj Khalifa to the Burj Al Bahar. You can go sightseeing, click pictures of the opulent architecture and enjoy luxury in its richest form.

4.If you’re planning to go on a summer camp or wish to enjoy the warm sunlight, then Dubai is the place for you. It has been seen that a number of people living in the colder countries come to Dubai to take a warm break.

5.Dubai’s nightlife is gaining huge popularity with lots of businessmen partying in its vast range of hotels and recreational places. It hosts many exhibitions and shopping festivals that makes it a top vacationing spot.

6.Dubai is known for its hospitality where foreigners are treated with respect. They are helped in every way possible by the local people.

7.You can go for a morning or evening desert safari. If you’re tired of skiing in the snow, you can try out the same sport in the sand. That’s when a vacation in Dubai sounds like the best alternative in hand.

8.It is a zero crime city and it is one of the safest places in the world.

Do you really need any other reason to pack your bags and head to Dubai right away? Happy holidays!

The World Islands – Capturing the entire world

The World Islands have become one of the biggest attractions in Dubai. This place is an artificial archipelago comprising of 300 islands that have been made to represent the world map. Located along the coast of Dubai, this man-made structure is made using sand excavated from the sea. The whole idea was developed by the Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum, while it was built by  Nakheel Properties.

Each of the islands spans through 14,000 square meters to 42,000 square meters. There is an average of a 100 meter distance between each of the islands. The complete development spans across 6km in length and 9km in breadth. Surrounding this massive piece of land is an oval breakwater island. Approximately 232km of the shore has been developed. The development of the overall island has cost nearly 14 million USD. In terms of individual islands, the prices are in the range of 15 to 50 million USD. One of the islands is still up for sale at a cost of 250 million USD.

The project was brought to the world’s notice on May 6, 2003 by Sheikh Mohammed, while the excavation process began after a span of 4 months that is from September 2003. Almost 60% of the islands were sold out by January 2008. 20% of it was bought in the initial phase of 2007. By January 10, 2008, the entire project reached its completion with the final stone being laid out.

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Costliest hobbies in Dubai, What’s yours?

Everyone has their own hobbies be it stamp collection, coin collection, bird watching and more. However, when it comes to Dubai, things move on to the richer side and there are many such expensive hobbies of people in the city and other parts of the UAE, some of which are listed below:

1.       Racing - Racing is a very important hobby in the UAE considering the Dubai international rally  that’s hosted at the Sharjah stadium. However, when it comes to hobbies, people have to spend quite a lot even for a single driving session with any of the driving schools.

2.       Art Collection - Though this hobby sounds quite natural, buying a unique piece of painting is sure to go hard on your pockets.

3.       Car collection - This is one hobby that only the super rich can afford. Collecting vintage cars, Ferraris and the likes is definitely something that a common man cannot afford.

4.       Sky Diving - For playing this adventurous sport, you don't only need courage but lots of hard cash too. You have to shell out a huge amount just for one session too.

5.       Horse Breeding - Arabs love horses and don’t mind investing a lot in breeding them. Dubai even hosts the world’s most expensive horse race. However, in terms of hobbies, it can be really expensive as you have to pay for the horse’s fodder and grooming too.

6.       Globe-trotting - Most of us dream of going on a world tour at least once in our lifetime. However, when it turns into a hobby, it can really make your pockets light.

7.       Antique collection - Though one may think that antiques can be easily purchased, it is not so. The more unique they are, the more expensive they become. For getting  your hands on them regularly, you have to break the bank. 

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Dubai Expo 2020 could lead to economic bubble

A recent poll revealed that Dubai’s win in its bid for hosting the World Expo 2020 could generate another economic bubble in the UAE. Nearly 55% of the respondents of a survey shared their concern for Dubai’s economy post the Expo 2020. Only a quarter of them believed that Dubai’s economy was stable enough after the 2008 and 2009 crisis.

A set of respondents also believed that Dubai can increase its immunity by allowing simple procedures for starting a business. Respondents also believed that an increase in regulation of real estate and banks could make the UAE immune to a financial crisis. These results were obtained after a survey of more than 200 investment professionals was organized by the CFA Institute.

This news was published by the CFA Society Emirates even before the Bureau International des Expositions (BIE) announced that Dubai had won the bid. In spite of such a concern coming up, it was seen that approximately 95% of the respondents had supported Dubai’s vision for Expo 2020, while 97% of them had held a belief that the UAE will win the bid for Expo 2020 which eventually turned out to be true as well.

Just 4% of the respondents had been of the opinion that the Expo 2020 could burden the economy of the UAE and lead to another economic bubble such as the one seen in 2008 and 2009. Now that Dubai has won its bid for the Expo 2020, only time will tell if such a mass event will create an economic bubble in the UAE or no. Let’s wait and watch.  

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