A Power of Attorney for Buying and/or Selling Real Estate allows you to appoint another person or entity to buy and/or sell real estate on behalf of you. If you need to travel or have no time to go through the formalities of selling or purchasing a real estate, you may consider giving a Power of Attorney to another person or entity, such as our firm, who can handle the formalities for you.
As per the Dubai Land Department (DLD) rules, a POA for Buying and Selling Real Estate must not be more than 2 years old. If a POA has been executed, the document has to be used within two years from the date it has come into effect.
There are several other limitation with regards to such POA, which have been implemented by concerned real estate authorities to protect the real estate owners and prevent misuse of the POA.
- In Dubai, a POA for Buying and/or Selling Real Estate can not be given to real estate brokers or persons holding real estate related positions.
- In a Power of Attorney for selling a real estate, the property details must be specified in the POA and you need to have ownership documents such as a Title Deed or Oqood Certificate in your name.