How to Avoid Common Real Estate Scams in the UAE?

With the booming investment in real estate across the Globe, mainly in cities like Dubai and the UAE, it becomes crucial and eagle-eyed to be familiar with several common scams, including fake listings, upfront fee scams, and counterfeit documents thus, to avoid the Real Estate Scams in the UAE. However, investing in Real Estate in the UAE can be a remunerative venture, but it is evident that high-income endeavors come with specific risks and property scams. Suppose you are also planning to invest in real estate in the UAE. In that case, it is essential to learn some additional tips that lead to avoiding the common real estate Scams, especially for those investing for the first time in Dubai properties to boost high-end income. Thus, to make the task less complex, we have compiled the data containing a few key tips to avoid such scams.

Additional tricks to avoid common Real Estate Scams in the UAE:

For more information, you will discover some additional strategies that help prevent real estate scams in the UAE.

• Proper Research about the Developer and Agent: For anyone who wants to boost their high-end income by investing in freehold properties, it is better to make sure to research well about the developer and Agent to check the dealer license, certificates, and reviews of their previous projects. You can also check the UAE Land Department's official website and verify they are registered.
• Demonstrate Property Ownership: Before committing to a real estate property purchase, buyers should verify that the seller owns the property they are selling to avoid scams. You can ask them to share a copy of the property title deed, usually recognized as the ' Title Deed' in the UAE, and check through the appropriate authorities. To prevent common scams, dealing with the property owner directly is always better.
• Be heedful about off-plan properties: Usually, Off-plan properties are defined as properties that have yet to be constructed. Even with that, people prefer to purchase them due to great deals, so these properties are more vulnerable to scams. It is recommended to be attentive to the off-plan project developer and check the property status through the Dubai Land Department.
• Pay using an Escrow Account: To secure your funds while investing in real estate property, buyers are highly recommended to initiate real estate transactions through an escrow account. These accounts ensure the funds are released to the sellers when the agreed consent is met. 
• Awareness of unfeasible deals: Most scammers use fake ownership documents to trick international investors when a deal seems too good to be accurate and significantly offers low rates compared to the standard market rates. To avoid such circumstances, buyers should verify the documents with the UAE Land Department to check the substantiation of the property document. You can also request official copies of the property title deed and ownership documents.
• Verify the outstanding financial obligations: To avoid common scams while purchasing properties in the UAE, it is always advised to verify the outstanding financial obligations of the properties, whether it's the utility bills, service charges, and if there is any loan against the property. Once you become the owner, it is legally your responsibility to clear all the outstanding debts of the property. 

Conclusion:

Recently, the UAE has become a popular area attracting investors across the Globe as it offers some fantastic real estate deals, which lead to enhanced high-end income. Still, it is wise to remember a few things before making a transaction to avoid ordinary real estate scams. To verify scams like fake listings, upfront fee scams, and counterfeit documents, you can use the above-given tricks; thus, to prevent becoming the victim of scams, you should research and verify.