Question: What is a Stock?

Answer: A stock represents a unit of ownership in a company. Most of the stock bought on the open market is “common” stock and carries the right to vote on important matters of the corporation including who serves on the board of directors.

If the company distributes profits, stockholders normally receive them in the form of dividends.

Question: What is Investing?

Answer: Investing is the proactive use of your money to make more money or, to say it another way, it is your money working for you.

Investing is different from saving. Saving is a passive activity, even though it uses the same principle of compounding. Saving is more focused on safety of principal (the amount you start out with) and less concerned with return.

Your focus in investing is on return and can run the spectrum from conservative to very aggressive in terms of risk. One way you measure results is by the expected return weighed against the anticipated risks.

What information do you need from me in order to manage my property?

In order to manage your property, you need to provide the following to the Property Management division:

1. A copy of the first page of your sales contract
2. A copy of your passport
3. Signed and attested power of attorney
4. Copy of agreement of sale
5. Property completion certificate
6. Owners contact details (email address, mobile number, telephone number, fax number, and P.O. Box number)
7. Receipts of payments made to owner including service charges
8. Property layout
9. DEWA deposit and connection charges
10. Petty cash float
11. A copy of your signed Property Management contract
12. Property Management fees
13. Local bank account details

How much does landscaping cost?

Due to the large variation of plot sizes available within the development, we are unable to provide standard quotes for landscaping. We can provide tailored quotations from professional landscaping companies as part of our service.

1. What sorts of insurance do I need?

Most people need to be concerned with insuring four areas: their possessions, their life, their health and their finances.

2. When you’re talking about possessions, does that mean homeowners insurance is the most important?

Probably, because a house is likely to be the single biggest investment most of us make. The rule of thumb with homeowners insurance is not to skimp. If you can, pay extra for guaranteed-replacement coverage, which mandates that the insurer will replace your home if it is destroyed, regardless of the cost. If you instead specify a dollar amount of coverage, and it’s not enough, you could end up paying the difference.

3. Once I have guaranteed-replacement coverage for my home, I’m all set, right?

Well, it’s important to know what your homeowners insurance covers and what it doesn’t. For example, particularly pricey items such as big-screen televisions and fancy stereo equipment are often excluded from policies or, at the least, inadequately covered. The same goes for antiques, collectibles, expensive jewelry and furs. Ask for riders that specifically cover those items.

Additionally, homeowners insurance does not cover flood damage. Go to your town or municipal office to see if your home is in a flood plain. If so, these private insurers participate in the federal government’s National Flood Insurance Program. Likewise, seek out earthquake insurance if you live in a vulnerable area.