UAE REAL ESTATE TRANSACTIONS WITH POWER OF ATTORNEY

A real estate transaction can sometimes be a time-consuming and demanding process. Getting a POA, especially if you are outside the UAE, is a practical decision considering the cost of time, money, and effort of coming to Dubai to complete the process. Without your POA, your presence would be needed.

In addition, you may not be familiar with the procedures and requirements for selling, buying, or gifting a property. Therefore, it is necessary that you appoint someone who can be trusted and familiar with the real estate policies to represent you.

POA on Demand has been in the real estate industry for 14 years. We are well-versed in all things needed in a property transaction. You do not have to worry about anything when you are with us.

POAs for property transactions are specific. It includes correct information about the principal, agent, property or title deeds, and the tasks delegated to the agent, like selling or buying, retrieving cheques, and other property transactions. This is why it is essential to get POA prepared by professionals like us to minimize rejections from third-party government agencies and misuse of the POA.

 We communicate with you throughout the process to avoid conflict in the POA. We ensure that everything is upon your approval. Most importantly, we value your trust. We act with utmost transparency and integrity. We only do things you have permitted us to do, putting your benefit as our priority at all times.

Property Sales and Purchase

General POA cannot be used for property sale transactions as the POA should specify the property details, including community, plot number, building, unit number as mentioned in the Title Deed, and the principal’s intent to authorize the agent to sell or buy a property. This ensures that the agent must only sell or purchase a specific property. On the other hand, the principal may also allow the agent to buy any real estate property.

The Dubai Land Department will take the original POA to protect the principal’s interest after the sale.

Property Gifting

Property gifting transfers ownership of a real estate property from one person to another without receiving anything in return. It is a donation of property or part of the shares in a property known as “Hiba” in Arabic.

If you want to transfer a portion or all of your ownership to a relative, we offer our Property Gifting Services. This is a more cost-effective and smoother way to protect your property assets. It’s possible to do this without paying all the transfer fees to the Dubai Land Department. Government fees are significantly less for property gifting to family members in a sale transfer. The Dubai Land Department transfer fee for property gifting is 0.125%. The property sale-purchase transfer fee is 4%.

We can represent both the grantor and or grantee of the gift and take care of the entire process.

Real Estate Transactions that POA on Demand may help you with

1.     Property Sale or Purchase

2.     Property Gifting

3.     Property Conveyancing

4.     Property Handover

5.     Utility Registration

6.     Title Deed Registration

7.     Rental Disputes and Issuance of Notices

8.     Ejari Registration

9.     Lost / Misplaced Title Deeds

10.  Power of Attorney Revocation

More services at www.poaondemand.ae