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Maintenance people report a dramatic rise in calls from distressed tenants since the onset of the new year

Financial considerations before buying a property Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching. “If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage ...

SHARE Raising a child is an expensive exercise for many parents, with childcare costs accounting for a big chunk of household budgets. Even before factoring in school fees, working parents in the UAE pay a significant amount to either nurseries or nannies to look after their toddlers. About 80 per cent of families in the UAE spend between 5 per cent and a quarter of their household income on their children’s education, according to a 2019 study by Dubai-based consultancy Education Intelligence Group and listings portal Property Finder, which polled 3,000 parents. Insurance company Zurich al...