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5 Steps to Get Power of Attorney to Sell Property in Dubai

Power of attorney to sell property in Dubai is important for anyone selling a property in Dubai, as the process of selling property in Dubai is a legal procedure that requires high accuracy, especially if you are not present in the country. In this case, the official power of attorney is one of the best solutions to complete the sale process easily and transparently. In this guide, we will review in detail the process of obtaining power of attorney to sell property in Dubai through POA&More, highlighting the most important legal aspects and procedures that must be followed.

 

POA uses in real estate purchases in the UAE

Power of attorney to sell property in Dubai

Power of attorney to sell property in Dubai is a legal document that gives a person (the attorney) the authority to act on behalf of another person (the principal) in certain procedures. In the context of real estate purchases in the UAE, the power of attorney plays a vital and practical role. Therefore, in the following lines, we explain the power of attorney to sell property in Dubai:

  • Signing contracts: The attorney can sign the property purchase contract on behalf of the buyer.
  • Paying money: The attorney can pay the amounts due for the purchase of the property.
  • Receiving the property: The attorney can receive the property and register it in the name of the buyer.
  • Registration procedures: The attorney can complete all legal procedures necessary to register the property ownership in the name of the buyer.

 

Power of attorney to sell property in Dubai

A power of attorney is a legal document that gives another person (the attorney) the right to represent you and conduct legal transactions on your behalf, such as selling a property in Dubai. This attorney can be a natural person (individual) or a legal person (company) such as POA&More.

 

Read more: Power of Attorney Dubai Property: 6 Important Tips

Why is a power of attorney used in buying real estate?

There are several reasons why individuals use a power of attorney in real estate purchases, including:

  • Lack of geographical presence: When the buyer is outside the country or unable to attend in person to complete the procedures.
  • Buyer’s preoccupation: The buyer may be busy with other work and cannot devote enough time to the purchase procedures.
  • Guardianship of an incapable person: In the event of purchasing a property on behalf of a minor or a person who is incapable of making decisions on his own.

 

Remote Power of attorney to sell property in Dubai

Selling real estate in Dubai is a complex process that requires a set of legal and administrative procedures. However, technological development and government facilitations have made this process more flexible and easy. One of these facilities is the ability to issue power of attorney to sell property in Dubai remotely, where the property owner can authorize another person to conduct the sale on his behalf without the need to be physically present in Dubai.

 

POA&More is one of the leading companies in this field, providing integrated services for issuing powers of attorney and facilitating real estate transactions remotely. POA&More offers a variety of services that cover all stages of the remote property sale process, including:

  • Drafting the power of attorney: The power of attorney to sell property in Dubai is drafted accurately according to the client’s requirements and the laws in force in Dubai.
  • Attestation: The power of attorney is documented with the competent authorities in Dubai.
  • Follow-up procedures: The company follows up on all legal and administrative procedures necessary to complete the sale process.
  • Translation: The power of attorney to sell property in Dubai translation service is provided into different languages.
  • Legal consultations: The company provides comprehensive legal consultations on all aspects related to the sale of real estate.

Read more: Special Power of Attorney for Sale of Property

Risks Associated with Issuing a POA for Property

Power of attorney to sell property in Dubai

Power of attorney to sell property in Dubai is the authorization of another person (the attorney) to conduct the sale on behalf of the property owner (the principal). Although it facilitates many procedures, it carries with it a set of risks that the owner must be aware of before making the decision to issue it. Therefore, in the following lines, we explain the risks of power of attorney to sell property in Dubai:

 

Misuse of the attorney:

  • Selling at less than the value: The attorney may sell the property at a price much lower than its market value, taking advantage of the owner’s lack of knowledge of the latest developments in the real estate market.
  • Selling to an untrustworthy person: The attorney may sell the property to a person who does not have a good reputation or has bad intentions, which exposes the owner to financial losses or subsequent legal problems.
  • Manipulation of the terms of the contract: The attorney may include in the contract terms that are not beneficial to the owner or harm his interests, such as postponing payment of the price or setting unfair penalty terms.

 

Delay or failure to implement procedures:

  • Delay in registering the sale: The attorney may delay registering the sale contract in the real estate registry, which exposes the owner to legal and financial risks.
  • Failure to implement the terms of the contract: The attorney may intentionally not implement some of the agreed terms of the contract, such as paying a certain amount or delivering the property on a specific date.

 

Fraud and forgery:

  • Forgery of the power of attorney: Someone may forge a power of attorney in the name of the owner and sell the property illegally.
  • Fraud against the owner: The attorney may defraud the owner by obtaining additional sums of money under the pretext of additional costs or fees.

 

Disputes between the owner and the attorney:

  • Disputes over the price: A dispute may arise between the owner and the attorney over the value of the property or how to divide the price.
  • Disputes over the terms of the contract: A dispute may arise over the interpretation or implementation of some of the terms of the contract.

 

The Significance of POA for Overseas Sellers & Buyers

Power of attorney to sell property in Dubai is a legal document that gives a person (the attorney) the right to act on behalf of another person (the principal) in certain proceedings. In the context of real estate in Dubai, a power of attorney plays a vital role, especially for foreigners who may not be permanently present in the country. Why do foreigners need power of attorney to sell property in Dubai in Dubai:

  • Leasing property: The attorney can manage the principal’s properties, rent them out, and collect rents on their behalf.
  • Maintenance and repair: The attorney can oversee the maintenance of the property and carry out any necessary repairs.
  • Legal transactions: The attorney can represent the principal in any legal transactions related to the property, such as renewing leases or settling disputes.
  • Signing contracts: The attorney can sign contracts on behalf of the principal in sales and purchases.
  • Attending official procedures: The attorney can attend official procedures at the Land Department on behalf of the principal.
  • Saving time and effort: The power of attorney facilitates procedures and saves time and effort for the principal.
  • Purchasing property: Foreigners can invest in real estate in Dubai through an attorney.
  • Managing investments: The attorney can manage the principal’s real estate investments.

Read more: Fast POA Attestation in Dubai

How much does it cost to get a Power of attorney to sell property in Dubai

Power of attorney to sell property in Dubai

 

The cost of obtaining a power of attorney to sell property in Dubai depends on several factors, including:

  • Lawyer or law firm fees: These fees include preparing a draft power of attorney, reviewing the documents, and signing the power of attorney.
  • Certified translation fees: If the documents are not in Arabic, you will need a certified translation.
  • Notarization fees: The power of attorney is notarized with the relevant authorities, such as a notary public or embassy.
  • Power of attorney to sell property in Dubai registration fees: Some procedures may require registering the power of attorney with the Department of Land and Property.

Read more : Cost of Power of Attorney in Dubai

Advantages of obtaining power of attorney to sell property in Dubai through POA&More

POA&More is a company specialized in notarization and power of attorney services in the United Arab Emirates, and provides its services specifically in Dubai. When considering obtaining a power of attorney to sell property in Dubai, choosing a reliable company such as POA&More gives you many advantages that contribute to facilitating the selling process and protecting you legally. The most prominent advantages offered by POA&More:

  • Experts in the field of real estate power of attorney: The POA&More team has extensive experience in the field of real estate power of attorney in Dubai, ensuring that you formulate a sound power of attorney to sell property in Dubai that covers all legal aspects related to the sale of the property.
  • Integrated services: The company provides a comprehensive set of services that include drafting, notarizing, translating, and authenticating the power of attorney, in addition to legal representation services in various government procedures.
  • Electronic attestation: POA&More provides an electronic notarization service for the power of attorney, allowing you to notarize your power of attorney easily and quickly without having to visit the notary public Dubai offices in person.
  • Accuracy and speed in completion: The company is distinguished by its accuracy in completing the work and speed in completing the procedures, which saves you time and effort.
  • Power of attorney to sell property in Dubai Competitive prices: POA&More offers competitive prices for power of attorney services, making it an economical option compared to other services available in the market.
  • Excellent customer service: The company is distinguished by providing excellent customer service, where you can contact the support team at any time to get assistance and answers to your inquiries.
  • Compliance with UAE laws: POA&More ensures that all procedures it carries out comply with UAE laws, giving you peace of mind about the legality of the sale procedures.

Read more: Expert POA Services Dubai

Why choose POA&More?

POA&More has extensive experience in the field of real estate entities in Dubai, providing a wide range of services that include:Preparing the official power of attorney: The company prepares the power of attorney legally and accurately, taking into account all legal requirements in Dubai such as the power of attorney to sell property in Dubai.

  • Translation and certification of documents: The company translates all documents into Arabic and certifies them from the competent authorities.
  • Follow-up of legal procedures: The company follows up on all legal procedures related to the sale of the property, starting from registration in the real estate registry until receiving the amounts due.
  • Legal consultations: The company provides comprehensive legal consultations on all aspects related to the sale of real estate in Dubai.

Sources

[Wikipedia]

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