Estate Planning
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).
Why do I need a Power of Attorney (POA) for gifting a property?
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.