Guide to Power of Attorney for Property Management in Dubai
Dubai is home to a significant number of expatriates who live, work, and own properties and companies. The country’s economic stability, low energy costs, tax-free environment for companies, and the government’s openness to a diversified economy attract numerous foreign investors. However, due to the recent pandemic and prior personal and business commitments, these foreign investors are unable to return to the UAE to manage or dispose of their properties and investments. As a result, the use of a Power of Attorney (POA) has become a common practice in the UAE for all business and property-related transactions.
PRO Consultancy POA is a premier Power of Attorney firm in the UAE, providing a comprehensive range of services. From expert POA drafting and representation to seamless property conveyancing for transactions like buying, selling, or gifting, we also offer assistance with electronic notarization. Experience the excellence of our services and entrust your legal matters to our dedicated team.
Power of Attorney for Property Management
A Power of Attorney for Property Management grants the authority to an appointed person or entity, also referred to as an “agent” or “attorney-in-fact,” to oversee your real estate properties. It’s important to note that this specific POA does not authorize the agent to engage in real estate transactions, such as buying or selling properties, on your behalf.
There are various circumstances in which property owners in Dubai may need to grant a Power of Attorney (POA) to someone else. This could be due to medical reasons or the inability to return to the UAE. When property owners are unable to make decisions regarding their property, they have the option to delegate these rights to a trusted individual. This allows for efficient management of property-related matters, including transactions, transfers, and buying or selling on behalf of the owner.
To whom can I give Power of Attorney?
The principal or grantor must be at least 21 years old and of sound mind. A power of attorney (POA) is established on a foundation of trust, and any misconduct will be treated as fraudulent activity and subject to legal prosecution. You have the option to authorize a trusted individual, such as a friend, relative, real estate agent, or company representative, to manage various aspects of your property. This includes renting out your apartment or office, signing tenancy agreements, collecting rental payments, overseeing property maintenance, and representing you before government authorities or private entities concerning your real estate assets.
A Power of Attorney (POA) is typically granted to someone who can act on your behalf to carry out certain tasks. The principal has the authority to revoke the POA at any time or upon completion of the specified task. It’s important to note that the document becomes invalid upon the principal’s passing. Additionally, it is not permissible to sign an irrevocable POA in the UAE. The Agent or Attorney, who receives the POA, can only exercise its powers while residing in the country. It is not possible for the agent to utilize the power of attorney from outside the country.
How Property Power of Attorney works in the UAE?
The owner, also known as the “Principal,” can grant their agent limited or absolute authority to manage one or all of their properties. Below are key points to consider:
- The property owner has the flexibility to determine the specific rights they wish to grant, as well as the property they want to be managed. This enables them to exercise control and tailor their arrangements as desired.
- The property owner has the ability to specify the powers they wish to grant in the power of attorney document. For example, the owner can limit the attorney’s authority to solely “manage” the property. By doing so, the owner maintains control while entrusting the attorney with specific responsibilities.
- Power of Attorney (POA) can be granted for both unlimited and limited terms. When it comes to property selling, the maximum validity period is two (2) years. However, for property management, there are no such restrictions in place.
How Online Power of Attorney Process Works in the Dubai?
Dubai Courts Notary has developed an efficient online system to streamline the execution of Power of Attorney. The procedure is simple and involves phone calls or video calls using BOTIM or Zoom, or a video recording where the Principal reads a summary of their POA. Here is the notarization process:
- To start with, you can place an order through our website directly or get in touch with us to help you with the order.
- Once you place an order, we will collect the required information from you by email. Please refer to the below requirements.
- Passport copy of the Principal (person giving the POA)
- Emirates ID copy of the Principal (if UAE resident)
- Contact/Mobile number of the Principal
- Email address of the Principal
- Passport copy of the Attorney (person receiving the POA)
- Emirates ID copy of the Attorney (if UAE resident)
- Mobile number of the Attorney
- Email address of the Attorney
- Other documents such as title deed, marriage certificate, company documents -if applicable
- After receiving the requirements, we will prepare a POA and send it via email to the principal (i.e. a person giving the POA) for review and approval.
Creating your Power of Attorney is the first and most crucial step. It must be written clearly and professionally to accurately represent your situation. This ensures that it won’t be rejected by third parties or government agencies later on, saving you valuable time and money. With PRO Consultancy POA, you can conveniently order your POA online from the comfort of your home while benefiting from their expert drafting services.
- After the principal approves the POA, we will arrange a video call between the principal and Dubai Notary using BOTIM or Zoom as part of the verification process. Alternatively, the principal may choose to record a video where they read or explain the content of the POA while displaying their passport on the screen.
- As part of the process, the principal will receive a unique one-time password (OTP Code) either via email or their UAE Mobile number. This OTP Code must be shared with the notary, as it will serve as the principal’s electronic signature.
- Once the e-notarization process is complete, the principal will promptly receive an electronic power of attorney (POA) or a digitalized copy delivered directly to their email address.
Benefits of a Power of Attorney
A power of attorney can address a diverse range of matters based on your specific needs. It offers several notable benefits:
- It offers the utmost convenience in managing designated tasks, eliminating the need for personal presence in Dubai.
- It offers significant savings in terms of time, money, and discomfort.
- In matters concerning real estate, where one or both parties are not available, a POA can be used to represent them and finalize the transaction on their behalf.
Summary
Amidst the current pandemic and its impact on the economy, it is imperative to select a firm that offers both affordability and efficiency without compromising on service quality. At PRO Consultancy POA, we ensure that your Power of Attorney (POA) is meticulously drafted, meeting the requirements of UAE government agencies and third parties. Our comprehensive services encompass POA drafting and electronic notarization, catering to the needs of both UAE residents and non-UAE residents.
Please note that the information provided on this page is intended for general informational purposes only and should not be construed as legal advice or relied upon for making any particular decisions. The content on this page does not create a lawyer-client relationship nor does it substitute for obtaining specific legal advice tailored to your individual circumstances. We recommend that users of this website consult with their own lawyer or legal counsel to obtain advice on any specific legal matters they may be facing.