Frauds: How to Protect Yourself from the Most Common Scams
The best way to avoid fraud? It's to slow down, verify, and seek advice from those who know the area well.
Common Frauds in Dubai: 5 Golden Rules Dubai is a city of opportunities, but like any international hub, there are also risks of fraud and scams.
Here are 5 practical tips to protect yourself:
1. Always verify the business license Ask for the Trade License and check on the official DED (Department of Economic Development) website or the relevant Free Zone.
2. Never sign contracts without legal due diligence Whether it's rentals, partnerships, or services, get assistance from a local lawyer. Clauses in English may hide binding obligations.
3. Beware of those asking for advance payments without guarantees Many frauds start from unjustified "advance payments." Demand official invoices, escrow, or milestone contracts.
4. Be cautious of fake "local sponsors" A nominal local partner (UAE sponsor) must be identifiable, reliable, and registered with the authorities. Avoid informal intermediaries.
5. Trust only licensed professionals Real estate agents, tax consultants, or notaries must be certified by RERA, MOFA, or relevant authorities. Always ask for the license number.