Estate Planning

Companies registered under RAK International Corporate Centre (RAKICC) also known as RAK offshore companies can buy property in Dubai’s free-hold areas.

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).

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?

You may wonder why you need POA for the property gift transfer. You may expect that it is quick and easy, but it involves some steps and time-consuming.