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[…]
RAK Offshore Companies Qualified To Buy Property In Dubai
Now RAK Offshore Companies are qualified to purchase and own real estate properties in Dubai. Effective from January 2011, all offshore companies were not allowed to own properties in Dubai, except for companies registered in Jebel Ali Free Zone. This has changed now. One major real estate news story stood out last month in Dubai.[…]