Dubai Real Estate Scams | Tips To Identify Online Property Fraud

The property listing on various real estate portal looks like a dream property such as ideal location, has perfect and beautiful photos and is well below your financial budget. You send off an enquiry and get a speedy reaction from real estate agents: the landowner is right now abroad and can’t demonstrate to you the home. But if you can make online transfer some amount as a deposit as soon as possible, the property is yours.

Most of the people who have tried to lease a property on the web, this situation may sound very natural. New technologies have made easier for property seekers to get all the desired information at their home, but the internet also made it easier for online fraudsters to target both buyers and tenants.

In the past many cases are reported, where buyers and renters have fallen in victim of real estate scams in the UAE. Real Estate Regulatory Agency of Dubai, the legal regulatory arm of Dubai Land Department, asking for individuals to check the accompanying data before leasing any property

  • Check the trade license of the Dubai Real Estate Company
  • Check it’s approved activities according to its license from DED
  • Check registration number and the brokers’ license from RERA
  • All the above information can be found on DLD’s website: www.dubailand.gov.ae

Here are the some guideline to help online property seekers avoid falling victim to a scam

1. Always first inspecting the property

Never agree to make any payments advance or sign an agreement without first inspecting the property. Seeing the property and meeting the Dubai Real Estate Agency are the most ideal approaches to ensure that the posting is genuine.

2. Verify the identity of the person you are dealing with

Make sure to check the property agent you are dealing with is a licensed real estate brokers, a simple online search can help you detect a scam. Search property address, name of Dubai Real Estate Agents find all licensed brokers details on DLD’s Website: DLD Licence Brokers Detail Page

3. Avoid listings that have been posted multiple times

One common trick is for fraudsters to duplicate a current (and genuine) posting of a property available for sale and repost it as a rental, with their own particular contact details.

4. Never share your personal information or documents

You should never be asked to provide your personal identification documents and bank account and other financial details to anyone over the Internet. Always remembers, never provide your credit, debit card details to anyone.

5. Keep in mind that if it sounds too good to be true, it probably is

One of the most important rules in real estate is that if a deal sounds too good to be true, it most likely is. Be aware about all online listing for attractive properties, which are exceptionally well or low priced for the particular zones. Scammers mostly used these very low price to tempt property seekers.

6. If you detect a scam, get in touch

Always focus on properties which are listed by well-known real estate agency in Dubai. Once you have detected any possible scam on a real estate search website, notify the platform immediately.

Empire Prestige Properties is Real Estate Agency in Dubai, authorized by RERA with highly qualified and well experienced RERA authorized real estate agents. Our certified property agents is help guide you for each step whether you looking of Properties for sale or rent in Dubai.

Here are the some important link where you can find various guide about Dubai Property:

Guide for Property Investment in Dubai
Guide to Buy Offices Retail Units in Dubai
Guide to Buy Apartments or Villas in Dubai
Guide to Rent Property in Dubai
Freehold Property in Dubai

 

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