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.
During May 2019, a few new rules have been adopted in relation to EJARI registration of tenancy contracts in Dubai. One of the rules relates to Power of Attorneys (POA).
You may wonder why you need POA for the property gift transfer. You may expect that it is quick and easy, but it involves some steps and time-consuming.
Giving a POA from abroad might seem a bit more echeloned in comparison to when you are signing it within the UAE, but it is not impossible to do so.