Real Estate

The introduction of POA for real estate agents has been a game-changer in Dubai’s real estate market. It has opened up new opportunities for overseas property owners and streamlined the buying process for overseas buyers.

In Dubai, one of the essential documents in real estate transactions is the “Oqood” certificate. Oqood is a digital certificate provided by the Dubai Land Department (DLD) when a property is Off-plan or on a payment plan.

A POA is a common document that is used in real estate transactions in Dubai, as many investors usually outside the UAE or simply have no time to follow up and complete the process of transferring a real estate.

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