Walking through Dubai today, you’ll see cranes dotting the skyline and construction sites humming with activity. With the city’s population set to surge by 70% in just five years and new developments springing up from Expo City to Ras Al Khaimah, jumping into Dubai’s property market might seem daunting. Here are three critical steps by Bassel Alhamra – a distinguished property consultant with years of experience in Dubai’s real estate landscape – that can help you navigate this fast-moving market.
Researching Dubai’s Market Trends
While Dubai’s real estate market is booming, success requires more than just buying any available property. “The most important thing investors should do is their homework before getting into the real estate market,” Bassel Alhamra advises, drawing from years of experience in Dubai property. This homework means understanding how Dubai’s distinct areas are evolving. Take Expo City, for example. Right now, it might look partially empty, with only two communities built. But Bassel points out the bigger picture: “They are building one of the biggest airports – Al-Maktoum – in the world there. The city will be everything related to logistics and trading.” Understanding these development patterns helps spot opportunities early.
Your research should also cover Dubai’s various residential standards. “The new launches, even the regular buildings in Dubai, have amenities more than a resort,” Bassel explains. “Minimum 20 amenities for residents living there, including a tennis court and paddle court. Instead of one swimming pool, you will have two or three, a barbecue area, a cinema – all these things are becoming standards.” 
Choosing the Right Local Agent
Finding success in Dubai real estate isn’t just about what you know – it’s about who you know. Bassel emphasizes interviewing multiple agents before settling on one: “They should interview as many agents as possible until they stick to one, then they should stick to that one. They shouldn’t keep going here and there.” A good agent brings more than property listings. They provide insider knowledge about upcoming developments, price trends, and market shifts before they become public knowledge. “The best investment you’ll get or the easiest one and the most profitable one will be through an agent who’s in the market every day,” Bassel explains. “They know internal information that isn’t announced. They know from their connections and can guide properly.”
This local expertise becomes crucial when navigating Dubai’s complex property landscape. With the city transforming into five distinct urban centers under the 2040 master plan, each area has its own investment dynamics. Your agent should understand these nuances and help you align your investment goals with the right location and property type.
Planning Finances Wisely
Dubai’s property market can be seductive, with developers offering attractive payment plans for up to seven years. But Bassel strongly cautions against jumping in without careful financial planning: “Properly study their financial situation. Never get into something which they cannot afford.”
He shares a common scenario: “I’ll tell you, let’s get you a house of 5 million, 6 million, which you’ll be paying in installments. At some points it reaches up to seven years’ of installments. So, people think, ‘Okay, it’s easy for me.’ They don’t do it properly, and then they get stuck later.” Your financial assessment should factor in all costs – not just the purchase price. Consider service charges, maintenance fees, and potential mortgage payments. If you’re buying off-plan property, understand the payment schedule and ensure you have buffers for unexpected expenses.
For investors ready to explore Dubai’s real estate opportunities, Bassel Alhamra can provide more detailed guidance through his website or via his LinkedIn page.
