As more people enter the UAE property market, first-time home buyers face unique challenges. Here are key mistakes to avoid for a smoother buying experience:

1. Overstretching Financially: It's easy to get approved for a larger loan but don’t let that push you into buying an overly expensive property. Aim to keep your mortgage payments within 25-30% of your net income to accommodate unexpected costs.

2. Skipping Mortgage Pre-Approval: Before starting your home search, secure a mortgage pre-approval. This clarifies your budget and strengthens your negotiating position.

3. Ignoring Additional Costs: Buyers often overlook extra expenses like property registration fees (4% of the property's value in Dubai), agent fees (around 2%), and ongoing maintenance costs. Set aside 10-15% of the property price for these expenses.

4. Not Understanding Financing Options: Familiarize yourself with the two main financing options—conventional mortgages and Islamic financing. Compare offers from various lenders, considering not just interest rates but also processing fees and early settlement penalties.

5. Neglecting Interest Rate Fluctuations: Since UAE mortgage rates are tied to U.S. Federal Reserve rates, consider a fixed-rate mortgage initially to shield yourself from volatility.

6. Working Without Professional Help: Collaborate with a reputable mortgage adviser and experienced real estate professionals. Their expertise can help you navigate the market and avoid costly errors.

7. Residency Visa Misunderstandings: For foreign buyers, properties over AED 750,000 may qualify for a three-year residency visa. Verify all eligibility requirements with your developer or agent.

By being aware of these common pitfalls, first-time buyers can make informed decisions and successfully navigate the UAE's real estate market.