Whether you’re a first-time buyer or seasoned investor, avoiding these common pitfalls can save you time, money, and stress in the UAE real estate market.
Skipping Due Diligence
- Not checking developer track record
- Failing to verify property ownership
- Overlooking payment plan details
- Not researching area development plans
- Ignoring market trends
Financial Oversights
- Underestimating total costs
- Ignoring service charges
- Not calculating ROI properly
- Failing to account for maintenance
- Overlooking tax implications
Legal Mistakes
- Not reading contracts thoroughly
- Skipping legal consultation
- Making unofficial payments
- Ignoring property restrictions
- Not understanding RERA regulations
Location Errors
- Not checking infrastructure plans
- Ignoring community facilities
- Overlooking access to transportation
- Not considering future developments
- Failing to visit at different times
Prevention Strategies
- Work with licensed professionals
- Get everything in writing
- Conduct thorough research
- Seek legal advice
- Calculate all costs beforehand