5 Things You Need To Know About Gifting Real Estate In Dubai
1.Can I Gift My Real Estate In Dubai? A gift transfer (also known as a “grant transfer”, or in Arabic terms a “Hiba transfer”) is a voluntary transfer of a real estate property to another person. The person who grants/gifts the property is referred to as a “donor” while the person who receives gifted real[…]
The Role of a Power of Attorney in Real Estate Transactions in Dubai
What is a Power of Attorney? A Power of Attorney (POA) is a legal document through which a principal (a person who is giving a POA) officially authorizes an agent (a person who is receiving a POA) to do certain tasks on behalf of the principal. By an agent, we do not mean a real[…]
Guide: How to Take Handover of Your Property in Dubai from Abroad?
The life is so full of unpredictable challenges and strange surprises. We can never predict the future. That is a beauty of life. Let’s imagine that you had lived and worked in Dubai as an expatriate and during this time, you purchased an off-plan property in Dubai, one of the most popular Emirates in UAE[…]
How To Protect Your Dubai Real Estate Through Gifting
Have you ever thought what would happen to your Dubai real estate in case something unfortunate occurs? When a UAE property owner passes away, his or her assets, including real estate, will be divided between the legal heirs by the court in accordance with applicable laws. UAE courts usually apply principles of Sharia law, unless[…]