Even experienced investors make avoidable errors in the Dubai market. Here are five to watch for:
1. Underestimating fees – You’ll need to budget at least 7–8% of the purchase price for legal and transaction costs.
2. Ignoring location fundamentals – Low prices don’t always mean good value. Look at infrastructure, rental demand, and future growth.
3. Overcommitting to off-plan – If your circumstances change, resale before handover can be difficult depending on Oqood status.
4. Buying without mortgage pre-approval – You might lose your booking fee or face delays if your financing is not in place.
5. Skipping professional due diligence – Always verify developer reputation, legal documentation, and community rules.
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