Real Estate

A Power of Attorney for Property Management allows you to appoint another person or entity to manage your real estate properties in Dubai.

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.

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).