Benefits Vs. Risks of Giving a Power of Attorney
A Power of Attorney is a legal document in which one person gives another person, the agent, the right to perform certain tasks or make decisions on his or her behalf. Authority A Power of Attorney can be as broad or narrow as the principal makes it. He can give general powers or restrict the[…]
To Whom You Can Gift Your Property In Dubai?
Technically speaking you can gift your assets including your real estate to whoever you wish, whether the beneficiary is your relative or not. However, officially, not all property gift transfers are qualified as property gifting in the eyes of regulatory authorities, i.e. Dubai Land Department (DLD). One of the main reasons is that the gift[…]
New Validity Period for Ejari Power of Attorneys in Dubai
During May 2019, a few new rules have been adopted in relation to EJARI registration of tenancy contracts in Dubai. One of the rules relates to Power of Attorneys (POA). As per the new requirements of EJARI, a POA for EJARI registration will only be valid for a maximum of two (2) years as mandated by[…]
What Makes Your Power of Attorney Invalid?
Have you ever thought that a Power of Attorney can become invalid, even though it was for an unlimited term and even if you have not revoked it? There are number of reasons that can make your Power of Attorney null and void. In this article we will go through some of the major factors[…]