Category: Real Estate

Boosted up from a small fishing village, Dubai has become world famous for several reasons. Tax free business/investment opportunities and negligible crime rate make it heaven for investors and jobseekers, whereas enchanting seashores, warm winters and thrilling entertainment listed it among most visited holiday destinations. Irrespective of their primary reason to visit, suitable lodging is an inevitable need of all. A huge range of furnished and unfurnished accommodation options are available for short/long term leasing. After considering their needs and capacity to bear the expenses, visitors can choose to book anything from super luxury hotels and resorts to furnished and unfurnished standard housing units like villas, flats and studios. Among them all apartments are world famous for their comfort and urbanity among accommodation seekers. Having observed their rising popularity, real estate developers started focusing on such projects to execute rising housing needs.

Dubai a beautiful place

In addition to providing comfortable living space, such residential projects also offer distinct benefits to individuals possessing a residential dwelling in the project. Being a property owner you can decide either to occupy the space or to rent it out to generate income. Even overseas buyers and real investors find it convenient to buy an apartment unit in Dubai. Complete freehold ownership rights, transparency of the system and mortgage availability allure even inexperienced investors and first time buyers. Moreover, an abundance of options, reasonable prices and good profits mutually attract investors and traditional buyers to buy an apartment for sale in Dubai. Investing is simple like becoming a homeowner.

Why it is profitable to invest in apartment sector?

Being the business and tourism hub in the region, Emirate receives millions of travelers, holiday makers, entrepreneurs and corporate travelers all over the year. Irrespective of being a migrant or a short term visitor, finding a decent lodging space to sleep is the primary concern of all. Generally, travelers prefer booking a suitable short term rental unit to accommodate them, whereas migrant and expat workers opt to lease a housing unit after signing a proper lease contract with the landlord. However, staying in a super luxury hotel can be very costly for those who are staying in the city for longer time periods. In order to make lodging affordable, property developers thoughtfully raised high-rise towers comprising of spacious studios and standard units with one bedroom, which can be commonly rented as serviced/furnished rental to visitors, where they are allowed to cook food on their own. The higher occupancy rates of these furnished units ensure property owners to generate profits in the form of regular income.

What kind of property is best for investments?

Although, a wide selection of residential units is available for sale, investors seeking to generate quick income with minimum paperwork should choose to invest in hotel apartments and serviced units. As they don’t involve signing a lease contract like long term renting. Renting process is simple like booking a room in hotel. Especially, if you own a lodging unit in a hotel apartment project, you don’t even need to interact with tenants directly. Such projects usually have their own system to book and lease units.

Summary: Whether you choose to invest in serviced rentals or unfurnished rentals in Dubai, profits can be generated. All you need to do is to thoroughly study the processes and options to identify what is suitable for you.

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Although, Egypt has not been a primary choice among second home seekers, its geographical location, lower asset prices and sunny climate have made it an investment hotspot for those who need immediate income, long run capital growth and freedom to make quick profits upon reselling their asset. In addition to local nationals, asset market also welcomes overseas buyers. Despite offering great investment opportunities, the real estate sector fails to show expected growth. According to industry analysts, complex purchase process and lengthy mortgage processing are the primary reasons of this market slowdown. Whether being an expat or a local resident, if you are looking to buy a property in Egypt, should consider the following steps to end up with a good deal without wasting time.

How to buy a residential property in Cairo, Egypt

First hire a qualified lawyer

As soon as you step-down in the city, contact with a qualified property investment lawyer. He can better help you throughout the complex multi-step registration process. Once you have chosen a housing unit to purchase, your lawyer will get it reserved for you. He can also help you arrange mortgages, in-case you don’t have enough funds to pay the price.

Don’t delay paying deposit money

However, you have shown your intentions to buy a residential unit, don’t make unnecessary delays to pay the deposit. It is necessary to finalize the reservation process. The amount of deposit mainly depends on the final buying price.

Overseas buyers should apply for visit VISA

Theoretically, there are no restrictions on foreigners to visit Egypt for buying property or Apartments for sale in Cairo. You have to visit the country to sign and process title deed and contracts. Despite being logical, the complexity of the registration process makes it lengthy and time taking that might take several months to be completed. Having considered such issues, foreign buyers are suggested to obtain a visit visa.

Apply for residency VISA

You don’t need to actually apply for a residency visa, if you already have visit visa. You can easily get it transferred into a residency visa for three or five years. Visa renewal is mandatory before expiry. Again, your lawyer will help you in the visa processing. Even though you have obtained a legal permit to stay in Egypt, you need to authorize power-of-attorney to your lawyer, so that he can proceed further in the court on your behalf to finally transfer property ownership on your name.

What are the important legal documents required?

In addition to arranging funds and executing visa requirements, few legal documents are also required to validate the asset purchase. These documents include property tax statement and private purchase contract. Tax statement not only ensures that asset has completed a tax assessment, but also protects the buyer and seller involved in a deal. Whereas, a private purchase contract is essential for obtaining approval from the council of Ministers. The documentation process takes two months. This approval is necessary to further proceed with the final registration process with Egyptian Surveying Authority and Measurement Department.

How to obtain ownership rights?

 Once you have made all the payment and completed all essential documentation, final step is to obtain ownership. You can either choose freehold property ownership or Signature validity. An asset with freehold ownership can be inherited to your family members; even they have not been to Egypt. Property entitlement is available across the country. On the other hand, signature validity is 99-year lease title, which can be obtained in areas like Sharm elSheikh, Sahl Haseeh and Red Sea coastline.

Source for property:

Summary: Whether being local or an overseas buyer, finalizing all the paperwork and making full payments are essentials to obtain a green contract in Egypt.

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Lake Garda

Jagged lines of Alpine peaks accent glistening, glass-like glacial waters: welcome to Lake Garda, termed “the beneficial lake” by the Roman poet Catullus, thanks to the area’s mild climate which permits not only the flourishing of floral gardens, olive trees and citrus groves, but also the health and well-being of all who  flock to the region. Imagine yourself,  waking up to greet the dew-kissed dawn, comfortably installed in your own home, tucked away in this magical landscape. Morning mists mingle with lush vegetation, while the protective hedge of higher mountains to the north harbors fresh breezes – filling the air with invigorating energy and the pure forest scents of cypress trees, pines, oleanders, and palms.

Thanks to the diverse rental opportunities available at Lake Garda, this vision can be a reality! Many lovely apartments and larger italian villas for rent are just waiting for you to walk in and say “home sweet home” – and of course, the fun of choosing your new neighborhood includes many benefits,
like endless exploration of all the diversions included in Lake Garda’s territory. Along the wider southern base of the lake, lower hills hug villages like the ancient town of Sirmione: a favorite for tourists and
seasonal residents thanks to its extensive menu of restaurants, bars, fashion boutiques, spas, sun-bathing spots, and healing sulfur springs.

Of course, Lake Garda is not just an exclusive resort destination – it also offers a taste of history and a typically Italian sense of time well-spent, thanks to unique spots like the 13th century Scalinger castle,
and an aptly named themepark, Gardaland. The largest of its kind in Italy, Lake Garda is conveniently located, and easily accessible, in the northern region between Venice and Milan. Once home to a glacier, the lake now boasts the rich evidence of its Ice Age origins, including the crystal purity of its waves, sweeping vistas along its shores, and even a smattering of islands with enchanting names (such as the Island of Olives and the Island of Dreams) sprinkled across its mirrored expanse.

History, culture, and modern charm make Lake Garda one of the most beloved places for vacationers and residents alike, all seeking fresh air and a full choice of sports (try windsurfing, biking and  swimming); sightseeing, including a visit to the famed villa of poet Gabriele D’Annunzio; full-service spas, and famed cuisine featuring indisputably Italian specialty wines. Best of all, you don’t need to devise   implicated plans to make the most of Lake Garda- here, simple is best, as even an ambling stroll  through old streets and  nearby hillsides garners a sense of refreshment, tranquility and sensory delight. If getting away from the demands of daily life is top on your list, take a deep breath and exhale: here, blue skies mile on even deeper blue waters, while fun and free time take on new dimensions with the discovery and delight of your own home at Lake Garda.

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