When buying property in Dubai, first-time buyers often overlook some hidden costs that can catch them off guard. Here are some common ones to keep in mind: 1. Service Charges: Many properties in Dubai, especially in shared communities or high-rise buildings, come with service charges for the maintenRead more
When buying property in Dubai, first-time buyers often overlook some hidden costs that can catch them off guard. Here are some common ones to keep in mind:
1. Service Charges: Many properties in Dubai, especially in shared communities or high-rise buildings, come with service charges for the maintenance of common areas such as swimming pools, gyms, and landscaping. These charges are recurring and can add up over time.
2. Transfer Fees: When transferring ownership of a property, buyers need to pay a transfer fee to the Dubai Land Department. This cost can vary based on the property’s value but is essential to complete the legal process.
3. Agency Fees: If you are using a real estate agent to help you find a property, there are usually agency fees involved, typically a percentage of the property’s sale price. Make sure to clarify this with your agent upfront.
4. Mortgage Processing Fees: If you are taking out a mortgage to finance your property purchase, there will be fees associated with processing the mortgage application. These fees can include valuation fees, administration fees, and others.
5. Homeowner’s Association Fees: If you’re buying a property in a community with shared facilities, you may need to pay homeowner’s association fees for the upkeep of those facilities and communal spaces.
To budget effectively, it’s crucial to factor in these hidden costs along with the property’s purchase price. Doing so will help you avoid financial surprises down the road and plan your finances more
See less
Owning a property in an authentic Balinese village can be a unique and enriching experience, offering insights into the local culture while immersing yourself in a traditional way of life. Here's what you should consider regarding community aspects, lifestyle, local customs, and building regulationsRead more
Owning a property in an authentic Balinese village can be a unique and enriching experience, offering insights into the local culture while immersing yourself in a traditional way of life. Here’s what you should consider regarding community aspects, lifestyle, local customs, and building regulations:
### Community and Lifestyle Aspects:
1. Community Bonds: Balinese villages are tightly knit communities where social connections and ceremonies play a significant role.
2. Culture and Traditions: Expect to experience Balinese Hindu customs, such as daily offerings, temple ceremonies, and traditional dances.
3. Peaceful Environment: Authentic Balinese villages offer tranquility and a slower pace of life, away from the hustle and bustle of tourist areas.
4. Local Markets: You can enjoy fresh produce at the traditional markets and engage with local artisans and craftsmen.
5. Natural Surroundings: Many villages are nestled amidst lush rice paddies, providing a serene backdrop for daily life.
### Local Customs and Building Regulations:
See less1. Balinese Hindu Customs: Respect for the local culture is essential. Understanding and participating in local rituals can help integrate into the community.
2. Building Style: Balinese architecture is unique, often featuring open-air living spaces, thatched roofs, and intricate carvings. Local materials like bamboo and alang-alang grass are commonly used.
3. Building Permits: Ensure compliance with local regulations when constructing or renovating a property. Working with local architects and