Property in Dubai, The Rent Caps Proposed and More

The Dubai Rent Committee has once again regulated the rental rate increases in Dubai resulting in the debate relating to rent caps and buy to let property investment in Dubai seriously raging.

There is the argument that it is necessary to cap rental rates to ensure Dubai remains an appealing place to live in terms of its economic effectiveness for the longer term; whilst on the hand you have property industry experts pointing out the fact that “Dubai’s economy actually benefits significantly from the property industry and by capping rental rates you’re effectively capping the attraction of the nation from an investor’s perspective.”

Those who are in favour of the latest 7% rent cap say that it “will make Dubai a more stable environment for the majority of people living in the emirate.”

“The vast majority of those who have committed to live, work, start a business or invest in Dubai are affected either by home or premises rental rates or perhaps both - when their ongoing rental liabilities are known, these individuals will be able to more effectively forward plan.”

This makes living in the emirate even more attractive as it removes the chance of unforeseen, in terms of costs of living increasing dramatically.

It is a fact that Dubai has to stabilise increases in the cost of living in order to maintain a grip on inflation. Accordingly, a 7% cap on the rate at which rental prices chargeable is viewed as not only a good thing, but essential to maintaining the ongoing attraction of Dubai as a place to live and work.

Directly contradicting this viewpoint is the fact that by capping rental rate increases, you inadvertently cap the attraction of Dubai.

In terms of the buy to let investment property market a cap is quite literally a restriction on profit, and because Dubai’s economy has been bolstered incredibly significantly since the right of foreigners to own freehold real estate in the emirate became law, the economy could now suffer if fewer investors wish to buy property in Dubai and become landlords.

Whichever side of the fence you’re on we feel it’s wise to take a step back from the intense argument that’s raging for just a moment.

By placing restrictions on rental increases, Dubai is actually ensuring it becomes more attractive as a place to commit to, to live in and to open a business or work from, meaning that the current strong flow of inward migration of professional persons that Dubai is experiencing at present will continue and demand for rental accommodation will also continue to be very strong.

This has the effect that vacancy rates for commercial and residential real estate will remain very low indeed and so an investment property bought in Dubai with the sole purpose of the investor being to let it out for an income remains an attractive investment asset simply because it will almost always be occupied and returning an income!

If rental rates were to continue spiralling upwards, more people would leave the emirate than arrive and buy to let investors would likely find it increasingly difficult to find anyone to pay their ridiculous rental rates!

In order to attract more foreign investors into Dubai, Khalid Ahmed bin Sulayem, the Director General of Dubai Tourism and Commerce Marketing (DTCM) revealed: “We want annual visitor numbers to rise from seven million to ten million by 2010. To achieve that, we are working to implement various new initiatives and strategies.”

He further commented that "The next three years will see the most dramatic developments in tourism projects, and Dubai will continue to be a ‘frontrunner’ in attracting visitors to this part of the world.”

This is good news for Dubai as a country and burgeoning economy. Apparent and clear to see is the fact that investing in Dubai – regardless of its rent caps – is still extremely lucrative and a positive venture when one considers the vast amounts of profits to be had in return.

About the Author

Dubai Property Select offers a comprehensive selection of overseas Property in Dubai, news, members club and reviews of the latest property developments.

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How to Set and Achieve Your Goals in Real Estate

Ask yourself two questions. Do you have a Will? And do you have written goals for the next one, three, five and ten years? If you answered yes to the first question but no to the second, you are planning more for your death than your life. I challenge you to start setting some goals but remember if a goal isn't in writing, it's simply a conversation. It must be in writing and it must have a deadline. Here are a few guidelines:

Be Specific

Be specific and include details but start rough. This means you want a Mercedes. You don't have to get into color, options, etc. just write it down. Make your list huge. Come back and prioritize and determine what you want in one, three, six and twelve months, then three, five, ten and twenty years. The more goals you have, the happier you will be, the longer you will live, and the more prosperous you will be.

Goals Must be Believable

Your goals must be believable or you will not pay the price. They must be just out of your reach, but know you can reach them, if you really strive to do it.

Goals Must be Measurable

Don't set a goal to be financially independent. You can't measure that. Break it down to the ridiculous. I have learned that successful people set their goals quickly and make adjustments as they go along. Successful people don't vacillate in indecision.


Goals Must be Congruent

Goals must be congruent with your actions. You cannot set a goal to work harder, longer hours AND a goal to spend more time with your family. Those are not congruent.

Visualize What You Want

If you see yourself as already having achieved the goal, you will fake out your mind and it sees the goal as having been achieved. It's called make it till you make it. Take a moment each day and visualize life as it is would be with your goals already accomplished.

Number Your Goals

Number your goals in the order of importance. Not only is the goal important but so is the reason. Sure your want more money, but why do you want money? Whatever it is, the reason must be there. The reason is more important than the goal itself.

Review, Monitor and Make Adjustments

Review, monitor and make adjustments to your goals. You have to be flexible. Some things are not going to happen, you have to face that but you need to continuously strive to get better every day.

Goals Must Have a Deadline

Your goals must have a deadline. A goal without a deadline is just a conversation. Set your goals in these four basic areas:

Financial

Set goals based on income, equity or net worth and cash flow. All of these are financial goals.

Fitness

This is your health. If you don't feel good, you are not working at your maximum capacity. I want you to set some fitness goals to stay healthy. Start small and don't try to tackle all of them at.

Family

Set family goals. What is an example of a family goal? Maybe you want to take four vacations a year. Maybe you want to visit a new state, three times a year or five times a year. You get the point.

Friends

Think about the people you associate with. Your ten closest friend's annual salary and divide by ten that is pretty close to your income. Who you associate with, is who you are like, so keep that in mind. Don't get rid of your friends, just get more that are where YOU want to be financially.

About the Author

For more articles and a 10 part e-course on how to create your own Ultimate Buying and Selling Machine! plus over 50 training audios, simply go to www.LarryGoinsFreeOffer.com where you will gain instant access

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How To Handle Credit Card Debt

Credit card debt is an example of unsecured consumer debt, accessed through ISO 7810 plastic credit cards.Debt results when a client of a credit card company purchases an item or service through the card system.Debt accumulates and increases via interest and penalties when the consumer does not pay the company for the money he or she has spent.

The results of not paying this debt on time are that the company will charge a late payment penalty (generally in the US from dollar 10 to dollar 40) and report the late payment to credit rating agencies.Being late on a payment is sometimes referred to as being in default.

The late payment penalty itself increases the amount of debt the consumer has.When a consumer has been late on a payment, it is possible that other creditors, even creditors the consumer was not late in paying, may increase the interest rates the consumer is paying.This practice is called universal default.

Consumer debt is consumer credit which is outstanding.In macroeconomic terms, it is debt which is used to fund consumption rather than investment.A credit card is part of a system of payments named after the small plastic card issued to users of the system.The issuer of the card grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card, which requires the balance to be paid in full each month.In contrast, credit cards allow the consumers to revolve their balance, at the cost of having interest charged.Most credit cards are issued by local banks or credit unions, and are the same shape and size, as specified by the ISO 7810 standard.

A secured credit card is a type of credit card secured by a deposit account owned by the cardholder.Typically, the cardholder must deposit between 100% and 200% of the total amount of credit desired.Thus if the cardholder puts down dollar 1000, they will be given credit in the range of dollar 500 dollar 1000.

In some cases, credit card issuers will offer incentives even on their secured card portfolios.In these cases, the deposit required may be significantly less than the required credit limit, and can be as low as 10% of the desired credit limit.

This deposit is held in a special savings account.Credit card issuers offer this because they have noticed that delinquencies were notably reduced when the customer perceives something to lose if the balance is not repaid.Some consider all debt incurred for anything else other than investments unwise or detrimental to the economy[citation needed], while others believe that consumer credit is beneficial to the economy.

Historically, across many cultures, being in personal debt was considered almost immoral.More recently, an alternative analysis might view consumer debt as a way to increase domestic production, on the grounds that if credit is easily available, the increased demand for consumer goods should cause an increase of overall domestic production.

The permanent income hypothesis suggests that consumers take debt to smooth consumption throughout their lives, borrowing to finance expenditures (particularly housing and schooling) earlier in their lives and paying down debt during higher-earning periods.Sometimes the late fees, high annual percentage rates (APRs), and universal default overcome consumers who frequently do not pay off their debt, and the customer declares bankruptcy.

If a customer files for bankruptcy, the credit card companies are required to forgive all or much of the debt, unless such discharge of debt is successfully challenged by one or more creditors, or blocked by a bankruptcy judge on legal grounds irrespective of creditors challenges.

Because forgiveness of debt reduces likelihood of profit and continued survival, the companies are generally willing to offer another deal to the consumers in danger of bankruptcy.This deal consists of reduced APRs, removal of past late fees and penalty charges, and reaging the accounts so that the credit agencies see them as late accounts.
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Which Affiliate Networks To Look Out For When Promoting

There are many horror stories about affiliate programs and networks.People have heard them over and over again, that some are even wary of joining one.The stories they may have heard are those related to illegal programs or pyramid schemes.Basically, this kind of market does not have real, worthy product.

You do not want to be associated with these schemes.It is obvious you want to be with a program that offers high quality product that you will readily endorse.The growing number of those who have joined already and are succeeding immensely is proof enough that there are reliable and quality affiliate programs out there.

Why participate in an affiliate program

It allows you to work part-time.

It gives you the opportunity to build a generous residual income.And it makes you an owner of a small business.Affiliate programs have already created lots of millionaires.They are the living testimony of how hard work; continuous prospecting, motivating and training others pay off.

If ever you are deciding to join one, you must take note that you are getting into something that is patterned to what you are capable of.This will be an assurance that you are capable of doing anything to come out successful.

How do you choose a good affiliate program to promote Here are some tips you may want to look over before choosing one:

1.

A program that you like and have interest in.One of the best ways of knowing if that is the kind of program you wish to promote is if you are interested in purchasing the product yourself.If that is the case, chances are, there are many others who are also interested in the same program and products.

2.Look for a program that is of high quality.For instance, look for one that is associated with many experts in that particular industry.This way, you are assured that of the standard of the program you will be joining into.

3.Join in the ones that offer real and viable products.How do you know this Do some initial research.If possible, track down some of the members and customers to give you testimonial on the credibility of the program.

4.The program that is catering to a growing target market.This will ensure you that there will be more and continuous demands for your referrals.Make inquiries.There are forums and discussions you can participate in to get good and reliable feedbacks.

5.A program with a compensation plan that pays out a residual income and a payout of 30 or more would be a great choice.There are some programs offering this kind of compensation.Look closely for one.Do not waste your time with programs that do not reward substantially for your efforts.

6.Be aware of the minimum quotas that you must fulfill or sales target that is too hard to achieve.Some affiliate programs imposes pre-requisites before you get your commissions.Just be sure that you are capable of attaining their requirements.

7.Select one that has plenty of tools and resources that can help you grow the business in the shortest possible time.Not all affiliate programs have these capacities.Make use you decide on one with lots of helpful tools you can use.

8.Check out if the program has a proven system that can allow you to check your networks and compensation.Also check if they have it available online for you to check anytime and anywhere.

9.The program that is offering strong incentives for members to renew their membership each time.The affiliate program that provides continuous help and upgrades for its products have the tendency to retain its members.These things can assure the growth of your networks.

10.Be aware of the things that members are not happy about in a program.Like with the ones mentioned above, you can do your checking at discussion forums.If you know someone in that same program, there is ho harm asking if there are many downsides involved.

Have a thorough and intensive knowledge about the affiliate program and network you will be promoting on.

Knowing the kind of program you are getting yourself into will make you anticipate and prevent any future problems you may encounter.
About the Author

There are many strategies to making money on the internet, but nothing makes sense unless you have a big list.

Email Marketing is the most profitable way to make money on the internet.Discover how to use the internet and turn your computer into a cash gushing machine.Sign-up right now for Matt Bacaks FREE online newsletter to find out how to do exactly that - Go here:

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2nd Spiderweb: Can You Believe a Broken Wrist Saved My Business

Since I started to establish an internet business less than 12 months ago, Ive tried to keep up a flow of articles which focus on the realities of internet marketing, particularly for new recruits like me.

Sadly, some 3 months ago, I fell down a flight of stairs and amongst other things, I broke my wrist. It was entirely my own fault, but it sure has made it difficult to write. My infant business had to be placed on life support.

But, believe it or not, the accident has turned out to be a godsend. Since I couldnt do anything for the first couple of months, I was forced instead to THINK. Particularly think about my business or, lack thereof and try to figure out what I was doing wrong.

I realized, I didnt really have a handle on my own business. I was everywhere, trying new things and taking on more programs and systems than it was humanly possible for me to work with. Some of them I didnt even fully understand.

Even today, somewhere, in the depth of my hard drive is a folder with dozens of programs, some of them still in the Zip files. I was going to study them ....one day. Now, it embarrasses me to think of it and itll be awhile before I muster the courage to find that folder.

About a month ago, I finally felt well enough to return to the internet for a little while each day. It was mostly to read and to practice my one finger typing. What really excited me was that a fundamental change had occurred in my thinking.

I started looking for a program, and yes, I said a program, just one, which could fulfil the criteria I had formulated while I was off the computer. It worked like this; it had to be easy to understand and it had to make sense to anyone. Even to those not involved on the internet.

The program had to have more than one source of income, I wanted it to be flexible and I wanted it to have a comprehensive training program for setting up and operating the system. I did not want it to be subscription based, and finally, I wanted it to be cheap. I wanted a system I would be proud to recommend to anyone, including my own family.

Are you thinking; She is expects way too much and shes unrealistic Maybe, but you see, I had the time to look, I could work the mouse, and I could be very picky because I wasnt in a position to do much else anyway. So I researched and kept looking, until I unexpectedly found something which was so good, I simply couldnt afford to pass it up.

So right there, at that moment, I decided that typing with one finger really wasnt such a big deal.

You probably wonder if this program/system, can match my criteria. Frankly, it doesnt, it exceeds it. The program is free and this is not one of those occasions where you sign up for free and then they tell you what you need to pay to make it really work. In this case, free actually means just that FREE.

The system is extremely flexible, yet it combines 22 individual, passive streams of income, all of them resourced from large reputable companies. It also comes with the best comprehensive training program I have ever seen.

The program is still in beta, so there are occasional bugs in the system, but experience has taught me that beta is a good thing. Its a chance for a regular person like me to get to promote a product before the Gurus get in there and suck the life out of it.

One of the 22 streams of income is a bank. The bank is brand new to the internet and to promote their presence on the net, they pay 100, for each and every sign up, to both the seller and the buyer. I cant think what could be better than that.

I have wondered many times, why has this kind of system never been done before But all Ill say is, unless you have two broken wrists, or are making way too much money already, this is something you truly cannot afford to miss.


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