Commercial Real estate Property Types

Various groups of structure types fall in the category of commercial real estate property such as:

-          Multi-Family Commercial Real Estate

Multi-family commercial real estate property types include duplex homes and buildings for occupation by multiple family groups. Either separate housing units are contained within one building or several buildings are contained within one complex. An example is an apartment building.

-          Retail Space Real Estate Properties

Any building used as a store for products is a retail space estate property. It can be used to store consumer products such as clothing, electronics and furniture etc. Malls and strip centers are also retail properties. The valuation of such commercial real estate property is based on size, land, value, retail sales per square foot and other things.

-          OfficeBuildings and Complexes

Buildings either designed individually or in groups for office use fall into this category. When offices are assembled in formations with single ownership, they are registered as commercial office rental property. For example medical and dental offices. The owner obtains revenue from the rental payments of the office tenants. There valuation is based on the rental income return on investment.

Advantages of Buying Home in fall

Fall is the busiest season for buying home inthe real estate market. Real estate market faces ups and downs through the year round. These ups and downs are either based on mortgage interest rates, property availability and more importantly based on season. Next to spring/summer, fall is often considered as the best season for home purchase due to numerous benefits such as year-end tax breaks, pleasant weather conditions for moving, wider selection choices and more. Autumn advantages the home buyers in great ways but it is the winter season that is avoided most. So if you have decided to buy a home then read on to know the advantages on buying in it fall.

Payable tax

For home buyers owning a home can yield great bonus in tax returns. For example, both mortgage interest and property taxes are deductible from gross income.

Frozen

Buying a house before winter sets in is very likable to most home buyers. No one likes to travel icy roads with luggage filled cars, snowstorm stuck weather, snowfalls and chilling winds.

School Year and Holidays

No doubt summer is fine season to shift but falls importance cannot be denied. Buying a home in fall is good for children’s schooling because by winter they will have settled into a proper school routine. Before the winter you’ll be settled snugly into your new home, kids involved in schools extracurricular activities, preparing for thanksgiving and waiting for the winter holidays.

Additional Home Choices

Home demand is not as enthusiastic in fall as it is in spring but it’s still lofty. Sellers who weren’t able to sell their homer in summer look forward to fall for a better opportunity. Summer buyers and sellers tend to move towards fall for improved prospects, unlike the window-shoppers who sometimes come out in spring.

Stay within your Budget

Be realistic about what you can afford, and stick to your budget.

The Cityscape Global - Dubai Property Show 2013

The Cityscape Global property show opened on October 8^th to present number of exhibitions and conferences on property investment in Dubai. It will be held from 8^th to 10^th October at Dubai World Trade Centre.  The trade show is being attended by a number of prestigious regional and international investors and developers such as Emaar Properties, Nakheel and Dubai Properties Group, Barwa, Pacific Ventures, DAMAC, Deyaar Development, Diamond Developers, Flash Properties, Meydan Group, Omniyat, Tanmiyat and Tharaa Holding offering ambitious projects.

On the first day of the event Emaar properties unveiled the master plan of The Lagoons, a water front city within Mohammad Bin Rashid City while the Qatar based real estate developer Msheireb Properties showcased its pioneering regeneration of Doha’s historical commercial center through its QR20 billion Msheireb Downtown Doha (MDD) project. Many new lists of developments will be seen as the Cityscape show progresses.

After the 2008 market collapse in Dubai many property developers cancelled their attendance from the show. But now they are returning with many new and innovative real estate projects. Organizers report the number of exhibitors for the 2013 edition is up 30 percent from a year ago, to 223.

Boosting Real Estate in Dubai

Dubai’s new international airport Al Maktoum will open to passenger traffic on Oct. 27. This airport is claimed to become one of the world’s busiest airports. Its first phase can handle almost 7 million passengers but eventually the capacity will increase up to 160 million passengers and 12 tons of cargo a year when the airport is fully complete and running.

The first carriers to use the airport reportedly will be the Saudi-based carrier Nasair and the Hungarian budget airline Wizzair.

The new airport is supposed to give a significant boost to Dubai real estate market over the next 10 years.  More traffic means more vacationers, tourists, home buyers and more investors. Hence the new airport will contribute to the housing market in every way. The airport will also create several hundred thousand jobs which will further increase the demand for housing supply.

Al Maktoum will eventually develop into cargo and passenger airport.

Dubai has doubled property registration fees in a bid to reduce speculation as fears of a real estate bubble emerge.

After suffering from worst property crashes in 2008, Dubai has taken measures to avoid it again in the near future. The Dubai Land Department has doubled property-sale fees to 4 percent from 2 percent, effective from Oct. 6. The change will apply to residential and commercial properties but it won’t affect industrial real estate. The decision is intended to limit speculation which is harmful to the market and help it to gain stability and sustainability. The increase “may negatively impact property sentiment and demand for the next three to six months,” said Digvijay Singh, an analyst at VTB Capital Plc. However, “it’s the prudent thing to do because the more stable Dubai’s fiscal situation is, the better the long-term prospects for property values.”

The additional fee property is a step taken by the government to guard Dubai’s economy. The higher fee will generate revenue for the government, which does not impose income tax. The revenue will be used by the government to pay loan and bond maturities as part of its estimated $120bn debt mountain. Purchases of the homes will still be inexpensive by global standards and investors in Dubai will also have to pay alow property tax.