Real Estate

Including to the Architectural and Cultural Cloth of Sharjah

Published

2 years ago

March 8, 2023

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The Cornell Baker Program in Actual Property lately welcomed a distinguished speaker from the United Arab Emirates (UAE), His Excellency Marwan Jassim Al Sarkal, to share with us his expertise main the transformation and financial diversification of the emirate of Sharjah. Mr. Al Sarkal is at present the Managing Director of Chapter 3 LLC and the previous Government Chairman of the Sharjah Funding and Growth Authority (Shurooq). For twenty years in Shurooq, he was the driving power behind the investments, cultural progress, and growth of Sharjah through the use of actual property growth and strategic partnerships to spur Sharjah’s transformation. Because the Managing Director of Chapter 3, he’s captivated with advancing the expansion for each establishments and small and medium-sized enterprises (SME) firms, and nurturing connections for catalytic progress with a concentrate on expertise, mobility, and the general way forward for the area.

Map of United Arab Emirates

Sharjah is among the seven emirates within the UAE, situated simply east of the emirate of Dubai. Because the third largest emirate within the UAE, Sharjah is a major industrial and cultural hub for the nation, producing $35bn of GDP. The emirate flaunts an array of remarkable vacationer locations specializing in the theme of tradition, historical past, and schooling. Underneath the imaginative and prescient of H.H. Sheikh Dr. Sultan Bin Mohammed Al-Qasimi and Sheikha Bodour Bint Sultan Al Qasimi and the stewardship of Mr. Al Sarkal, Sharjah was topped because the ‘Capital of Islamic Tradition’ and a ‘Distinctive and Distinguished Vacationer Vacation spot’. Moreover, the emirate was additionally given prestigious recognition because the ‘Cultural Capital of the Arab World’ by UNESCO.

Within the early planning and ideation phases of Sharjah, the municipality needed to brainstorm methods to make the most of actual property as technique of financial diversification and transformation. The emirates’ geographical location presents each a possibility and a problem, as Shurooq needed to produce developments that provide distinctive vacationer experiences that complement Dubai’s and leverage different emirates’ merchandise. Not solely that, however Shurooq needed to additionally produce actual property funding alternatives which are distinctive from that of the opposite emirates and plan for a metropolis that may change into a supply of satisfaction for the folks of Sharjah.

Shurooq developed a three-pronged actual property growth technique to satisfy the aforementioned objectives and constraints. The methods are (1) goal area of interest choices, (2) construct transformative icons and (3) enhance product breadth. Moreover, actual property developments below all these three methods are chosen with authenticity and sustainability in thoughts.

Underneath technique (1), Mr. Al Sarkal shared with us how Shurooq revitalizes and reimagines present belongings and ideates differentiated hospitality and tourism choices. Some key examples embrace the Coronary heart of Sharjah and Moon Retreat. Each developments have been beforehand underleveraged websites that remodeled into distinctive cultural and eco-destinations. These developments leverage present belongings and therefore are famous to be much less capital-intensive and generate outsized direct and oblique returns. The Kalba Eco-Tourism Undertaking is one other vacation spot that have been saved and preserved to offer new sustainable experiences for guests to indulge within the pure choices of Sharjah.

Al Bait Sharjah, a sustainable luxurious resort situated within the Coronary heart of Sharjah

The Home of Knowledge in Sharjah is an iconic monument that redefines the idea of a library and a cultural middle. The monument was constructed below technique (2), to construct transformative icons, and goals to advertise and ease entry to information. Constructed to create an area that evokes a sense of belonging, the event offers all kinds of facilities together with cafés, galleries, e book collections, occasion areas, and extra.

Home of Knowledge

Lastly, below technique (3), Mr. Al Sarkal additionally mentioned with us varied initiatives he undertook to extend the product breadth choices of Sharjah. One notable mission was the Maryam Island, an ongoing AED 4.5 billion (US$1.2 billion) mixed-use growth situated in Downtown Sharjah. The objective of Maryam Island was to create an upscale however reasonably priced regenerative actual property growth. The 460,000 sq. meter website will embrace elements equivalent to waterfront residential items, stores, 4- & 5-star resorts, and seashore entry for its occupants.

Maryam Island

Sharjah efficiently attracted greater than $220 billion of international investments in 2020. This movement of investments was made doable by the beforehand talked about methods and insurance policies, equivalent to the true estate-backed financial free zones. Dubai was famous to be a pioneer of the free zone mannequin, which affords international companies engaging concessions and several other funding incentives, together with one hundred pc possession of a subsidiary and nil taxation.

Earlier than concluding his presentation, Mr. Al Sarkal reminded us that our objective shouldn’t simply be to change into a developer, however an entity that creates transformative change. Mr. Al Sarkal enjoys exploring, studying, and creating new concepts that encourage the folks round him and plans to proceed doing in order the Managing Director of Chapter 3. On behalf of the Cornell Baker Program, we want to lengthen our gratitude to Mr. Al Sarkal for imparting helpful studying alternatives and information on the modern actual property methods of Sharjah to our college students.

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Real Estate

Are UK Homeowners Still Wanting To Move?

Published

1 year ago

August 16, 2023

moneyvests

Are UK homeowners still wanting to move?

Press Release

Date: 19.07.2023

New Open Property Group research looks into where UK homeowners are moving to, and if there is a pattern between homeowners moving out of the city and into the countryside.

Out of 1.25 million homeowners surveyed:

357,244 stated that they ‘want to move’
251,705 stated that they ‘are moving soon’
242,711 stated that they ‘are settling in’
206,694 stated that they ‘just moved’
187,001 stated that they ‘are moving now’

Are homeowners still moving to the countryside since the surge in remote-working and the ever-growing desire for more green-space?

When surveyed, 39% of homeowners specified that wildlife and nature were “more important than ever” to their well-being, and 45% of adults are spending more time outside than they did pre-pandemic.

Despite this, recent data shows that people moving to sparse or remote villages actually dropped by 28%. Adding to this, from 2017 to 2023, the number of homeowners looking to move to remote or sparse settlements actually decreased by 13%

Open Property Group Managing Director, Jason Harris-Cohen said:

“The UK’s property market is undergoing another reset,” says Jason. “There is a definite shift in home moving activity, with the West of the country surging in popularity.

Historically, better value for money has been found outside of London, the South East and the big five cities, and I think that’s what is driving home movers towards Wales and the West coast.”

“The desire for affordability in a cost of living crisis is being compounded by the current relationship between inflation, the Bank of England base rate and mortgage rates.

The rates attached to new home loans, remortgages and additional finance are seriously squeezing buyers’ budgets but there is still a strong desire to move – people are just having to moderate where they look and what they buy.”

“Semi-rural and rural locations will continue to be cheaper places to buy than urban and inner city areas. This will be especially so in the coming months as more people return to offices for work and potentially relocate to reduce commuting times – aspects that will cause metropolitan house prices to rebound .

While the statistics show the trend for rural living has actually declined over the last six years – we may see a surge as purchasers pursue well priced properties.

We’ll also see borrowers taking out mortgages over 30 years – or even enquire about interest-only mortgages – to negate the effects of higher repayment rates.”

“Of course, there will be a large contingent of homeowners who are biding their time before they move – the 357,244 who have indicated they ‘want to move’. This group will be waiting for mortgage rates to fall and house prices to drop before they progress their plans.

In the meantime, they may choose to improve their properties – enhancing their living environment for the present and adding value at the same time. It’s not unimaginable that these delayed movers will fuel a property peak in late 2024/early 2025.”

For more information please visit www.openpropertygroup.com

About Open Property Group

Open Property Group are a professional house buying company who help people sell their properties quickly. They buy all types of properties (including vacant or let), throughout England and Wales.

Open Property Group specialise in buy to let property purchasing which suit landlords who want to cash in property quickly without disrupting the tenants.

Homeowners benefit from selling their house fast, with a completion date fixed to the owners’ requirements. By selling directly, you pay no agent fees, ‎and can plan ahead with certainty. We also pay your agreed legal costs too.

UK 2023 Homemover Behaviour - Open Property Group [Infographic]

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Real Estate

How to Get the Best Market Value for Your Tenanted Property

Published

2 years ago

May 24, 2023

moneyvests

Table of Contents

How to Get the Best Market Value for Your Tenanted Property

Selling a tenanted property can be a smart move for buy-to-let investors looking to maximize their returns. By selling with tenants in place, landlords can attract a broader pool of potential buyers, maintain rental income during the sales process, and potentially achieve a higher market value for their property.

If you’re considering selling your tenanted property, here are some key strategies to help you get the best market value:

1. Showcase a Well-Maintained Property

First impressions matter, so it’s essential to present your tenanted property in the best possible light. Ensure that the property is well-maintained and in good condition.

Conduct a thorough inspection to identify any necessary repairs or improvements and address them before listing the property.

A well-presented property will attract more potential buyers and create a positive perception of its value.

2. Highlight the Rental Income Potential

One of the advantages of selling a tenanted property is the potential for immediate rental income for the buyer. Emphasize the property’s rental income history and highlight its attractiveness as an investment opportunity.

Provide potential buyers with detailed information about the rental agreement, current rental income, and any potential for rental growth. This will appeal to investors looking for income-generating properties and can positively impact the market value.

3. Offer Flexible Viewing Options

Allowing potential buyers to view the property at convenient times can help generate more interest and potentially lead to higher offers.

Coordinate with your tenants to establish a viewing schedule that accommodates both their needs and the prospective buyers.

Flexibility in arranging viewings demonstrates your commitment to a smooth sales process and encourages serious buyers to consider the property seriously.

4. Provide Detailed Documentation

To reassure potential buyers and help them make informed decisions, provide comprehensive documentation about the property. This includes the tenancy agreement, inventory reports, gas and electrical safety certificates, and any relevant building permissions or certifications.

Transparency and thoroughness in providing documentation will build trust and confidence in the property, potentially leading to higher offers.

5. Consider Selling to an Investor

When selling a tenanted property, consider targeting investors specifically. Investors are often more inclined to purchase tenanted properties as they recognize the benefits of an immediate rental income stream.

Approach local property investment companies or work with an estate agent experienced in selling to investors. By targeting the right buyer pool, you increase the likelihood of receiving offers closer to or even above the market value.

6. Seek Professional Advice

Selling a tenanted property can be complex, so it’s advisable to seek professional advice from an experienced estate agent or property consultant. They can guide you through the sales process, help you determine the optimal pricing strategy, and market your property effectively to attract potential buyers.

Their expertise and knowledge of the local market can be instrumental in achieving the best market value for your tenanted property.

In conclusion, selling a tenanted property can be a lucrative opportunity for buy-to-let investors to maximize their returns.

By showcasing a well-maintained property, highlighting the rental income potential, offering flexible viewing options, providing detailed documentation, targeting investors, and seeking professional advice, you can increase your chances of achieving the best market value.

See also

Motley Fool Millionacres: Our Review

Remember, a well-informed and strategic approach is key to successfully selling your tenanted property and reaping the rewards of your investment.

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Real Estate

The Top 15 Benefits of Living in a Detached House

Published

2 years ago

April 27, 2023

moneyvests

Table of Contents

The Top Benefits of Living in a Detached House: Why It’s the Ultimate Dream Home

Living in a detached house can be the epitome of comfort, privacy, and independence. It’s a dream for many homeowners, and there’s no denying that it comes with a myriad of benefits.

Today, we’ll delve into the Top 15 Benefits of Living in a Detached House and why it could be the perfect choice for you. Let’s explore!

1. Privacy and Freedom Galore

One of the most significant benefits of living in a detached house is the unparalleled privacy it offers. With no shared walls or neighbors in close proximity, you can enjoy the peace and quiet without worrying about disturbing others or being disturbed yourself.

2. Personalize Your Space

Detached houses provide the ultimate canvas for you to customize your living space to your heart’s content. From landscaping and gardening to renovations and extensions, you have the freedom to create the perfect environment for you and your family.

3. No Shared Maintenance Responsibilities

Say goodbye to shared maintenance costs and responsibilities.
Enjoy total control over your property’s upkeep.
Make decisions that directly impact your home without consulting others.

4. Potential for Future Expansion

Detached homes offer the possibility of expanding your living space in the future. As your family grows or your needs change, you can add rooms, a garage, or even a backyard oasis, all without affecting neighboring properties.

5. Higher Resale Value

Detached houses typically have a higher resale value than other types of properties, making them a solid investment for your future. As demand for detached homes continues to rise, you can be confident that your property’s value will appreciate over time.

6. The Joy of Outdoor Living

Make the most of your outdoor space with a detached house.
Host barbecues, garden parties, or simply enjoy a quiet evening under the stars.
Build a play area for your children, a vegetable garden, or a relaxing retreat.

7. Reduced Noise Pollution

With no shared walls or ceilings, detached houses offer a quieter living experience. You’ll no longer have to deal with noisy neighbors or be concerned about your own noise levels impacting others.

8. Foster a Sense of Community

Detached homes often foster a stronger sense of community, as residents have more opportunities to interact and engage with their neighbors. This leads to lasting friendships and an enhanced sense of belonging.

In conclusion, living in a detached house comes with a multitude of benefits that cater to various lifestyles and preferences.

From increased privacy and freedom to personalization and future expansion potential, a detached house can be the ideal home for those seeking the perfect balance of comfort, convenience, and community.

9. Safety and Security

Another advantage of living in a detached house is the increased safety and security it provides. You can install your own security system and take measures to protect your property without having to coordinate with neighbors or a homeowners’ association.

10. Architectural Variety

Detached homes come in a wide array of architectural styles and designs, offering more opportunities for you to find a home that suits your tastes and preferences. From charming cottages to modern masterpieces, the choices are endless.

11. More Space for Hobbies and Interests

A detached house often comes with extra rooms and outdoor spaces that can be used for various hobbies and interests. Whether you’re a fitness enthusiast, an artist, or a budding chef, having more space allows you to pursue your passions without feeling cramped or restricted.

12. Better Energy Efficiency

With no shared walls, detached houses can be more energy-efficient than other property types. Proper insulation and modern construction methods help reduce energy consumption and keep your home comfortable year-round.

13. A Sense of Accomplishment

For many people, owning a detached house represents the ultimate symbol of success and accomplishment. It’s a tangible reminder of your hard work and perseverance, making it an even more enjoyable place to call home.

14. Long-term Stability

Detached homes often provide a sense of long-term stability for families. When you invest in a detached house, you’re creating a foundation for your family’s future, allowing you to create lasting memories in a space that truly feels like your own.

15. Pet-Friendly Environment

For pet owners, a detached house offers the ideal environment for their furry friends. With a spacious yard and no shared walls, your pets can enjoy the freedom to roam and play without disturbing neighbors or posing any restrictions.

In summary, the benefits of living in a detached house are vast and varied, catering to a wide range of needs and desires.

From privacy and personalization to long-term stability and pet-friendly living, a detached home offers a unique and fulfilling living experience that’s hard to match.

So if you’re considering investing in a detached house, rest assured that you’ll be making a decision that will enhance your life in countless ways.

What are some pros of living in a detached house?

Here are some pros of living in a detached house:

More privacy: You have more privacy since there are no shared walls with your neighbors.
More control over your own property: You also have more control over your own property since you are not subject to the rules and regulations of an HOA or other organization.

Nice yard: Detached homes generally have a front- and backyard2. This can be great for gardening, playing with kids or pets, or just enjoying the outdoors.

Freedom to do what you want: When you buy a single-family detached house, the property is yours. You can make changes to it as you see fit without having to get approval from anyone else.

More space for your family: Detached homes generally have more space than townhouses or condos. This can be great if you have a large family or just want more space.

What are some cons of living in a detached house?

Here are some cons of living in a detached house:

Maintenance: You are responsible for upkeep and repairs1. This can be time-consuming and expensive.

Cost: Detached homes generally cost more than townhouses or condos1. This can make it difficult for some people to afford a detached home.

Isolation: Detached homes can sometimes feel isolating, as you are not connected to any neighbors.

Fewer amenities: Condominium and townhome developments often have significant amenities such as swimming pools, fitness centers, and tennis courts3. Detached homes may not have these amenities.

FAQ’s

Q1: What are some of the main advantages of living in a detached house?

A1: Some of the main advantages of living in a detached house include increased privacy, freedom to personalize your space, reduced noise pollution, potential for future expansion, higher resale value, and fostering a sense of community.

Q2: How does living in a detached house affect privacy?

A2: Detached houses offer unparalleled privacy due to the absence of shared walls and neighbors in close proximity. This allows residents to enjoy their space without worrying about disturbing others or being disturbed themselves.

Q3: Are detached houses typically more energy-efficient than other types of homes?

A3: Detached houses can be more energy-efficient than other property types because they don’t have shared walls. Proper insulation and modern construction methods help reduce energy consumption and maintain a comfortable living environment throughout the year.

Q4: What makes detached homes a good investment?

A4: Detached homes are considered a solid investment because they typically have a higher resale value than other types of properties. As demand for detached homes continues to rise, property values are likely to appreciate over time.

Q5: How can living in a detached house foster a sense of community?

A5: Detached homes often create a stronger sense of community, as residents have more opportunities to interact and engage with their neighbors. This leads to lasting friendships and an enhanced sense of belonging within the neighborhood.

Q6: Why are detached houses a suitable option for pet owners?

A6: Detached houses provide a pet-friendly environment due to their spacious yards and lack of shared walls. Pets can enjoy the freedom to roam and play without disturbing neighbors or facing any restrictions typically imposed by shared living spaces.

Q7: What kind of architectural variety is available in detached homes?

A7: Detached homes come in a wide array of architectural styles and designs, offering numerous options for homeowners to find a home that suits their tastes and preferences. From charming cottages to modern masterpieces, the choices are endless.

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