Case Study: Why a Foreign Company Was Not Able to Get a Title Deed
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[…]
Whom You Can Gift Your Property To 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[…]
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[…]
Why do I need a Power of Attorney (POA) for gifting a property?
There are not so many articles online about the nitty gritty of gifting a property in Dubai, even more so about how grueling it is for the actual transfer to take place. It’s an undertaking which demands a significant amount of time on the person gifting the property (“the donor”) and the person receiving it (“the donee”).[…]