Baboucarr T.’s Post

Following the recent floods in the UAE, many homes are facing significant damage. Our property management team stands ready to assist you during this challenging time. Contact us now and let us safeguard your property today! #realestateassetleaders #REAL #assetmanagement #propertymanagement #propertyinvestment #investindubai #propertymanagers #propertymanager

A client recently compared a property I showed him to one he'd seen before. Unfortunately, mine was more expensive. He inspected both properties during heavy rain, and when I gave him the latest price, he mentioned he had a cheaper offer. When I asked why he hadn't taken it, he said it had flood issues. The property I showed him has no flood problems, which he confirmed, while the cheaper one does. If you live in Lagos and your area is flood-free, you should thank God. Imagine if today's rain continued for 2-3 days—what would happen to flood-prone houses? At #QLBLuxuryHome, we often inspect properties in the rain to fully understand what we're presenting to our clients. We value building and maintaining relationships, and selling homes that aren't structurally sound doesn't benefit anyone. That's why we advise all our clients to invest in a quality home once, rather than opting for cheaper homes with many issues. Now, I ask you this: If you have the funds, would you rather buy a cheaper home with flood issues or pay the price for a sound property with no flood problems?

As Hurricane Milton approaches, we at The Baldwin Group are acutely aware of the challenges facing everyone in its path. As a Tampa-based company, we’re particularly sensitive to the impacts of these storms, especially following Hurricane Helene. This is a difficult time, and we anticipate significant damage and destruction that will affect the insurance market in the coming months and beyond. Attached is our Q3 2024 Real Estate State of the Market Report, which outlines current trends, rate commentary, inflation pressures, the urgent need for strategic risk management, and more. This report serves as a sound resource for understanding today’s commercial insurance and risk landscape. As we move forward, we will work closely with carriers and wholesalers globally to evaluate how Hurricane Milton will reshape the market. Insurance will be vital for many—whether for personal real estate and belongings or for commercial portfolios and development projects. We are here to assist you; if I can’t help directly, I will connect you with someone on our team who can. To our clients, colleagues, and communities, The Baldwin Group is ready to help navigate the aftermath and support your recovery. Stay safe, and don’t hesitate to reach out. https://lnkd.in/e3qfMHgH. #ProtectingThePossible #Insurance #RiskManagement #Construction

As we monitor Hurricane Milton, our team is hyper vigilant on the challenges facing everyone in it's path. Being particularly sensitive to the impacts of these storms, we anticipate significant damages especially in Tampa, and how it will impact the insurance market in the coming months. Our very insightful and impactful Q3 2024 Real Estate, State of the Market report has been released. Providing an update on current trends, rate commentary, inflation pressures and urgent need for strategic risk management. The Baldwin Group #riskmanagement #insurance #commercialrealestate

Global insured losses from natural disasters are expected to exceed $135 billion in 2024—and at least two-thirds of those losses came from the U.S. alone. → This year, hurricanes like Helene and Milton struck Florida, with insured losses nearing $50 Billion. → Severe flooding in Dubai contributed to the nearly $3 billion in damages recorded across the UAE and the Middle East, even disrupting the world’s busiest airport. At NileBuilt, we design homes with tomorrow’s risks in mind. Our patented, fire-resistant materials and weather-resilient designs will protect your home from damage and can also help lower insurance costs. When the unexpected happens, your home shouldn’t be a financial burden. With NileBuilt, you get resilience, protection, and long-term savings. Manoj Krishan Scott Long Michael Weber, CGP, IOM, CSI Michael Hinderberger James Long #ResilientHomes #WeatherChanges #InsuranceSavings #SmartBuilding #NileBuilt

The recent floods in the UAE have not only caused devastating damage to homes and infrastructure but have also left a significant number of vehicles submerged and compromised. As insurance industry, we must recognize the far-reaching economic impact of these flood-damaged cars. When these vehicles re-enter the market without proper disclosure, they can lead to a cascade of financial losses for buyers, sellers, and insurers alike. Unsuspecting consumers may purchase these cars, only to face costly repairs and decreased resale value down the line. This, in turn, can lead to an increase in claims and disputes, putting a strain on our industry's resources and reputation. To mitigate these economic risks, it's crucial that we take proactive steps to identify and track flood-damaged vehicles. By supporting initiatives like eData's central vehicle flood claim register and educating our clients about the potential hazards, we can help prevent financial losses and maintain the stability of our market. #FloodDamageEconomics #InsuranceIndustryAction #RiskMitigation #ConsumerProtection #MarketStability #ProactiveSolutions

📣Emaar to Cover Repair Costs for Homes Damaged in UAE’s Worst Storm in 75 years📣 In response to the recent storm that swept through the UAE, Emaar has announced that it will be covering all repair costs for homes damaged during the extreme weather event. This decision comes as a relief to many residents who were affected by the storm, which brought a volume of rain not seen in 75 years, equivalent to five months of consistent rainfall in London. The unprecedented move by Emaar underscores the company’s commitment to supporting the community during challenging times. By covering the repair costs, Emaar aims to alleviate the financial burden on affected residents and help them recover from the storm’s aftermath. “My home was damaged, what do I do now?” At the moment, this news is still new, and we await further updates on exact instructions. However, it is important to get in touch with your landlord if you’re renting, and the community developer for advice. As repair efforts get underway, affected residents can rest assured that their homes will be restored to their former condition, thanks to Emaar’s support. The initiative is a testament to Dubai’s strong community values and its commitment to ensuring the well-being of its residents. #dubainews #dubaistorm #recentweatherdubai #dubaifloodingupdates #dubainewsupdates #Emaar #dubaiproperties #Emaarnews #Emaarupdates

So, how spongey is London? It’s certainly not a question heard every day but could soon be. With the Met Office expecting to see an increase in the number of annual storms and the Greater London Authority identifying flash flooding as a major risk to the capital, this report suggests ways to prevent floods by making London a sponge city. From sustainable drainage systems to detention basins, efforts need to be made to reduce the widespread damage caused during flash floods in London. https://buff.ly/3UQy5nM. #floods #insurance #spongecity

MAKIN MOVES MONDAY...STORMS AND TRAVEL It's been a crazy couple of weeks As you know, I returned from Africa and Qatar on 9/24. It was a great trip with an even greater group of guys. But, I returned to find out there was a hurricane coming this way, that we needed to hire about 6 new employees and that some properties we've been working on closing were not quite lining up the way the seller had marketed them. What to do? First things first...the storm. We can't control Mother Nature so we just do all of the up front prep we can and then, be ready to respond. Which we did! Most of our assets were ok but we did have trees down on two properties when it was all said and done. The team deployed, we secured equipment and got to work Saturday and Sunday. Cutting trees, removing debris and assessing damage. A couple of very long days later and we had removed trees from the buildings, tarped the roofs and started to understand the total costs. Monday rolled around and it was off to Mississippi to meet with the team there. Walk units and check out the conditions of our properties. I met with the new Regional Manager face to face and worked with Vitale to lay out a plan for hiring and management. By the time I left we had offers out to 3 of the 4 new employees needed...all 3 accepted! Sitting in the airport, on the way back to Charlotte, I hit the phones and started lining up what we needed to close on those properties I mentioned. Even though the seller had misrepresented some things related to the debt that would be needed we knew these were still a good deal and we were moving forward with closing. One way or another! Lining up some additional financing was just another problem to solve and solve it we would...,more to come on that at a later time. We hit the ground running and we make sure we get things done...no matter what Mother Nature, Sellers or Employees throw at us. That's...Makin Moves!! #harvestpropertiesgroup #realestateinvesting #passiveincome #viveequity #cashflow #wealth #financialfreedom #vivepropertymanagement #makinmoves #barbaricyawp

Now that life is gradually getting back to normal after Dubai's bonkers storm, the question we keep hearing is "how has the flooding affected the property market?" - which is totally understandable after such a dramatic event. Here's a blog with our experts' insights that covers the main concerns. Spoiler: it's gonna be fine. #realestatemarket #dubairealestatemarket #dubairealestate #dubaistorm #dubaifloods #uae #dubai