19/07/2025
Buying a home or investment in the UAE? Here’s how to protect yourself from costly mistakes:
✅ 1. Too Good to Be True? Probably Is.
Huge property at an unrealistically low price? Dig deeper. Always compare price per square foot, review service charges, and scrutinize the location and infrastructure.
✅ 2. Know the Purpose.
Buying for investment? Ensure rental yields cover mortgage payments.
Buying for end-use? Identify your budget and match it to realistic offerings.
✅ 3. Check the Developer’s Track Record.
Trust reputable names with proven delivery. Avoid developers with stalled or delayed projects. Always visit site and review past work before committing.
✅ 4. Validate Broker Credentials.
Only work with RERA-licensed brokers. Check their ID, review listings for accuracy, and insist payments are made to the official project’s escrow account.
✅ 5. Avoid Legal Pitfalls.
Check title deeds, service charge status, and any pending litigation. Validate documents with the Dubai Land Department (DLD) or Dubai REST app.
✅ 6. Confirm Handover Timelines.
Get precise contract terms. Late handovers or unclear delivery dates can be a red flag.
✅ 7. Understand Total Cost of Ownership.
Service charges, maintenance reserves, insurance, and potential renovations can quickly add up. Factor these in when making your decision.
✅ 8. Assess Area Development.
Check long term infrastructure plans and future supply trends. An area that’s oversaturated can affect your returns.
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Final Advice:
Buying in the UAE can be highly rewarding if done right. Do your due diligence, work with licensed experts, and approach every transaction with both your short term needs and long term goals in mind.
