A POA is a common document that is used in real estate transactions in Dubai, as many investors usually outside the UAE or simply have no time to follow up and complete the process of transferring a real estate.
Companies registered under RAK International Corporate Centre (RAKICC) also known as RAK offshore companies can buy property in Dubai’s free-hold areas.
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).
In general, any company incorporated in the UAE, whether registered on-shore or in one of the free-zones, has to appoint a general manager or a person-in-charge, who is largely entrusted with the responsibility to run day-to-day operations of that legal entity.