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Power of Attorney to Buy Property

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Power of Attorney to Buy Property

Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000629
  • Version V 1.0
  • Last Updated 11-01-2023
  • Reviews 0
Document Summary

This P.O.A delegates powers to an attorney to buy properties, register such properties, and conduct all necessary acts pertaining to the property on behalf of the principal.

Description

A power of attorney is an instrument whereby a principal puts another person in the place of himself to perform a licit and known act as described in article 924 of Federal Law No. 5 of 1985 on the Civil Transaction Law (as amended).

This P.O.A grants the attorney the right to:

  • Buy properties for the principal, register them, register mortgages over them, and lease them.
  • Perform all and every act which would be necessary and required for finalizing these dispositions.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

  • The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
  • Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
  • Please remove the square brackets and all highlighting prior to signature.

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