Power of Attorney for Real Estate Transactions in Dubai

The use of a power of attorney has become a very common practice in the UAE real estate industry. This is especially true for expatriates and investors who are abroad or have a limited time to be present in the country. A general power of attorney allows you to give a trusted person the authority to dispose of your property. This practice of power of attorney for property has greatly simplified the process for buyers who want to buy local property, but are located outside the emirates. In this article, UAE Assets experts will tell you in detail how to properly issue a power of attorney for the sale and purchase of real estate in the UAE.

Power of attorney for real estate transactions in Dubai

When concluding real estate transactions, the Dubai Land Department (DLD) encourages the parties to be present during the execution of documents, especially for the sale of housing. The main reason is to prevent fraudulent activities. To many, this may seem counter-intuitive since most of Dubai's real estate investors are based outside of the UAE. First of all, you need to understand what a power of attorney for real estate in the UAE is and what rights it provides. A power of attorney is a written document that authorizes some other person to act on behalf of the principal (property owner).

A power of attorney for the sale of property is required when the owner allows another person to buy or sell his property if for some reason he cannot be present at the transaction himself. The person you choose can be a trusted family member, a lawyer, or a friend who will act on your behalf. It is worth noting that the DLD does not allow real estate agents to act as a fiduciary of a client for the sale or purchase of real estate. This is an important rule to avoid conflicts of interest between the trustee and real estate brokers. These rules and safeguards have been put in place to provide the necessary protection to investors of all property types in Dubai.

How to draw up a power of attorney in Dubai?

A power of attorney for real estate transactions in Dubai can be issued after a trustee has been selected (a mentally healthy person over 21 years old). We recommend using the services of local certified law firms. The document must be submitted in Arabic, or drafted in English and legally translated into Arabic. The translation must be prepared by a legal Arabic translator who is licensed by the UAE Ministry of Justice. After that, you need to notarize it with a local notary. If the power of attorney is issued in any other country, it must be certified at the UAE Embassy, and then at the Ministry of Foreign Affairs of the country of residence - in order to legalize the document at the international level.

Power of attorney in real estate transactions is subject to several rules and requirements set by the DLD. For example, a power of attorney issued outside the jurisdiction of Dubai for sale is valid for 2 years, and for purchase - 5 years from the date of issue. If the power of attorney has expired, it can be revalidated in the courts of Dubai with an updated seal. The cost of issuing a power of attorney for real estate in the UAE may vary depending on customer service and the quality of the document. You should not save on the service, as it is risky to give someone authority without specifying the terms or provisions of the document - a power of attorney can be abused if it is drawn up inaccurately.

If you are interested in a power of attorney in Dubai and the UAE or want to know how to issue a power of attorney while abroad, then use the advice of UAE Assets experts. The company employs qualified specialists who will advise you on issues of interest and provide the necessary information. To contact the office of our agency, use the contact phone number or the application on the website.