Have you ever thought what would happen to your UAE real estate in case something unfortunate occurs? When a UAE property owner passes away, his or her assets will be distributed through estate devolution process in the court. The court process can take a long time. Assets, including real estate, will be divided between the[…]

Now RAK Offshore Companies are qualified to purchase and own real estate properties in Dubai. Effective from January 2011, all offshore companies were not allowed to own properties in Dubai, except for companies registered in Jebel Ali Free Zone. This has changed now. One major real estate news story stood out last month in Dubai.[…]

A foreign company (the “company”) acquired an off-plan property in Dubai before January 2011 when it was allowed for overseas companies to own real estate. The construction of the property was completed only in 2019 and the company needed to take possession of the property and obtain a Title Deed. Issue Faced Effective from January[…]

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[…]