Why choose Princess Tower Dubai as your new home?

Posted on February 9, 2012 by Respblog@

Princess Tower Dubai is in the final stages of development and the concerned authorities have revealed that tower will be handed over by the mid of 2012′s second quarter. There already is much anticipation among the tenants, buyers, as well as Dubai real estate agents about the Princess Tower and the experts believe that this tower will be a great addition to the properties in Dubai.

Located in Dubai Marina over an area of 37,410 square feet, Princess Tower is the tallest residential building of the world. It includes many top-notch apartments, penthouses, and duplexes. For the convenience of the residents, huge space is allotted for the car parking. Princess Tower is equipped with the finest facilities required for a modern and luxurious lifestyle, including swimming pools, sauna rooms, recreational area, and high-speed elevators.

The location of the Tower is very attractive and its proximity with the Dubai’s best shopping district makes it a very valuable place to live and/or invest in. The commercial area and shops in Princes Tower are confined to the lower levels, the recreational area, however, is on the 97th floor. The view of Dubai Marina, Palm Jumeirah, and Arabian Sea from the upper floors of Princess Tower is mesmerising. Watching the night take over the bright skyline of Dubai from the apartment in Princes Tower is spellbinding.

Designed by Adnan Z Saffarini and developed by Tameer, Princess Tower is 414 meter high. There are 107 floors of the Tower including 6 basements and one ground floor. The number of residential units in the tower is 763, which consist of 1, 2, 3 or 4 bedrooms. There are indoor as well as outdoor swimming pools, gymnasium, billiard and table tennis rooms, aerobics room, landscaped podium, and children’s play area in Princes Tower.

Princess Tower is one elegant addition in the already famous structures, which have made Dubai such an iconic place. The tower’s name, it’s designs, location, amenities, and the hype about it has made the buyers, investors and stakeholders of Dubai properties very excited about the project. The increasing interest in making an investment in the Tower is partially because of the stabilizing properties in Dubai. Projects like Princess Tower are a depiction of developers’ and investors’ trust and faith in bright future of Dubai real estate.

Tameer issued a press release about the status of Princes Tower on Feb 02, 2012. The press release claims that the Tower will be inaugurated by the next quarter, which means that now is the time to book property, apartment, or shop in Princes Tower. Various real estate agencies are receiving increased queries about availability of property in Princes Tower; it shows how big of a success this Tower is likely to be when it would open up in June 2012.

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Is it worth investing in foreclosed homes?

Posted on May 31, 2011 by Respblog@

Yes, but it is not a good investment approach for beginners. Homes in Red California that are in the process of being confiscated by mortgage lenders due to the owner’s failure to pay the monthly mortgage payments are a good area to consider when you are thinking of investing in real estate properties. Some investors invest in foreclosed homes because the price of these properties is way below the market since the lender is seeking to recover funds quickly.

Foreclosure investing, however, is not for the new or inexperienced investors. Buying a foreclosed property was no warranty because more often than not these homes are sold at an auction where there is no chance of property inspection. Depending on the type of foreclosed home, there is a risk involved, especially if it was bought in an auction, because a buyer wouldn’t know any hidden damages until the paper has been signed.

To invest in foreclosures, you need years and years of experience with the traditional real estate investing. Your friends might have told you that the profit from foreclosure investing is huge and yes they are right. But the other side of the story is that there are a lot to learn. What you learn from the years of real estate experience are strategies to avoid ending up in a disastrous foreclosure investment which can swallow all your capital.

In foreclosure investing, there are issues that you have to face and consider like:

1. Where can I buy foreclosed properties? – It depends on the stage of the foreclosure process – buying pre-foreclosures, buying at the foreclosure auction, and buying from lender after the foreclosure sale (REO).

2. How much is the market value of the property? – Most investors use local MLS comparable sales and the property must have a value close at 3% variance. Without knowing the value of the property, you cannot do anything.

3. Are you aware of the state laws regarding foreclosed property purchase? – No one wants to invest on something illegal. Besides, you need to know the state laws that govern mortgages, buying foreclosures, tax deductibles, and so on.

4. Do you have the money? – You need certain amount to be able to invest in foreclosures in Richmond Virginia. Depending on the stage of the foreclosure process, you may need to pay for the down payment.

5. Do you know anything about foreclosure investing? – Knowledge on federal tax liens, state laws, partial interests, and other property information is crucial. Being ignorant on these things will surely put your investment in a dangerous state.

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