Different Characteristics Dubai Property Developers Must Have

The flourishing economy of the UAE has led to lots of great developments in real estate, most especially in Dubai. This is actually evident in the increasing number of high-rise structures that crop up all over the city. If you are considering of investing in a property, make sure that you get one that was developed by a great firm. But how would you choose among Dubai property developers today? What are the characteristics you must look for to make sure that you end up with a worthy investment?

What To Look For In Dubai Property Developers

Pioneers and visionaries – They must not be afraid to take risks. They must be great at spotting the potential in obscure locations. They won’t hesitate with deviating and innovating from the trend. Most importantly, they do not shy away from breaking the mould. When a developer is recognized for starting trends or perhaps presenting unique offerings, it definitely bears paying attention.

Excellent negotiation skills – Property developers must have great negotiation skills, as well as recognize when to back down or look elsewhere for a better solution. As much as you cherish a go-getter, you have more respect for a business that has a conscience. You certainly want a property developer that will care about the community and not only the project. This must be evident at its track record.

Nerve to make hard decisions – Developers will always be under pressure to deliver on time. Unluckily, there were firms that have made incorrect priorities, placing project deliver over product quality. This means cutting corners that can lead to anything from aesthetic problems to more harmful compromises. Also, great developers know how to manage expectation. At the end of the day, nothing will make them exchange the structure’s integrity, regardless of the consequences of a delay.

Care for their customers – Developers often see investors as more than just a way for them to make money. They are honest with regards to expectations and truthfully keep their customers up-to-date about the progress. Moreover, they strive to provide a great deal of value in their product as well as give excellent service before, during and after the sale. Their clients can contact them through different communication channels, online or offline.

There is more to property development than the layman can imagine. Developers must have the ability to lead the best team if they want to stay on top of their projects and sustain a successful streak. It is very crucial to have the right partners, associates and contractors on that team.

Source: DAMAC Properties is the leading developer of luxury real estate properties today.

Perth Experts Shared The Importance Of Property Inspections For Rental Properties

By Julian Bomezier – Content Info Resource from www.assetfocus.com.au

Ensuring that your rental units are in excellent order is the best way for you to recoup your investment and earn a steady income from your property. With the right coordination between you, the tenants, and your property manager, the smallest problem must be given immediate attention to prevent these from becoming costly and worst.

However, even if you are prompt at taking action, the lifespan and condition of your rental property might be undermined by unsuitable tenants. You really have to put in a stringent screening process in order to differentiate unsuitable tenants from the good ones.

Still, even when you have managed to get good tenants, disputes might arise between you and them, most especially when the tenancy agreement comes to an end. You may point out that the tenant is responsible for the repairs and costs of damage the rental unit have incurred. In fact, this may also happen the other way around. So aside from enforcing a strict screening process, landlords or property owners must invest in property inspections. Perth experts say that both parties can greatly benefit from this.

Why A Property Inspection Is A Must

The current state of the property will be properly documented by objective and qualified professionals in a property inspection. During such inspection, these professionals will differentiate the damage caused by normal wear and tear with that of deliberate damage or those caused by negligence.

A property inspection must be performed after the last tenant moves out and before the new ones move in. This report will allow both parties involved to establish a baseline of the actual condition of the property which can, later on, be used for comparison when the tenancy agreement expires.

If you are the landlord, you will know who is responsible for the damage incurred by the property. When it is caused by normal wear and tear, you can actually count that as part of owning rental properties. On the contrary, when the damage is because of negligence, the tenant will be held responsible so he needs to pay for it by asking him to pay you directly or perhaps by deducting the expenses from the security bond.

Working with a reliable property inspection company is very beneficial. Both parties will be worry-free knowing that these professionals will conduct an objective and comprehensive inspection and have no stake if the tenancy agreement pushes through or otherwise.

If you are the tenant, this inspection will provide you with a good measure of security because it will show you the actual condition of the property prior to moving in. But if you are the landlord, it will help keep your interests protected.