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If you are buying property in Dubai to
lease you need to be aware of all the lease options you can give you clients. A
lease-option is a creative real estate strategy can be quite complex as it
contains many pitfalls for the inexperienced property investors.
You need to then pay careful attention to
ensure that you don't max out your client by placing them in a property that
they can only just afford. Remember that the will also have to pay for the
rates and repairs on the property along with the rent. Maintenance charges
should always be handled by the person leasing your Dubai
property under the statement "If you break it, you replace it".
Remember to check the details of your
clients. See whether they have kept their old rented apartments in Dubai under good conditions and
not devalued the property by abusing it. You never want to attract people that
have been refused rental accommodation in Dubai because they are on the bad
tenant database.
Always get a good understanding of exactly
who is going to live in your Dubai
property and what pets, friends and relatives or cars they bring with them.
Social factors can either value or devalue your property in Dubai. Your deal
will be largely made or broken by the quality of the client that you attract
remembering that your relationship may last up to 25 years!
With that being said, property investors in
Dubai who are buying property in Dubai for leasing should always keep check on whom
they are leasing their property too.
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