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    Dubai Property Sales - Power of Attorney

Dubai Property Sales - Power Of Attorney


There has been an immediate change with the Dubai Land Department procedures for accepting a Power of Attorney (POA) when representing a Buyer or Seller in a property transaction.

This is in addition to a recent rule amendment when it was stated that a registered Real Estate Broker could not act as a POA during a sale or purchase of a Dubai property.

All Brokers in Dubai attend a training course and annual examinations to ensure they are qualified and knowledgeable of the real estate laws and practices. The Registered Brokers receive an ID card as confirmation of their license.
 

The amendment now includes that ALL real estate employees regardless of their position cannot act as a Power of Attorney for a client.
 

At Exclusive Links we can understand the Dubai Land Departments requirements to bring in further restrictions that will continue to regulate the market and safeguard the genuine investors.

Having said that the changes in policies are occurring without prior notice and effective immediately. We anticipate disruption and concern to sale and purchase transactions that are already in process but now will be affected by these recent rules.
 

For assistance with the sale and purchase process you may contact our experienced and professional team at enquiry@exclusive-links.com or contact our office on +971 4 3994937

 

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Exclusive Links Real Estate commits to excellence in every area of the real estate industry ensuring that customers best interest are always of the utmost importance.

7th May 2015

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