Selling property in Dubai just got a key update – especially for overseas investors.
If you own property in Dubai but live abroad, there’s a new regulation from the Dubai Land Department (DLD) you need to know. Starting this week, cheques for property sales will only be accepted in the name of the property owner, as it appears on the title deed. Payments will no longer be allowed to be issued in the name of a Power of Attorney (PoA) holder.
Until now, many non-resident property owners used a PoA – often a trusted relative or friend – to handle the sale and receive payment on their behalf. This process involved getting documents attested and verified, especially when changes in address or identity occurred.
But not anymore.
Now, all payments must be made directly to the seller, and they must hold a UAE bank account to receive the funds.
No More Payment to PoA Holders
While the PoA can still handle the sales process (as long as it’s registered through Dubai courts), they can no longer receive payment. This move is part of a broader push for transparency in real estate transactions.
Why This Matters to You
If you’re selling: Make sure your UAE bank account is active and ready to receive the payment.
If you’re using a PoA: Ensure the PoA is registered through the Dubai Courts – this can now be done remotely via Zoom.
If you’re planning to sell soon: Take action early to comply with the new regulation and avoid transaction delays.
Dubai's Market Remains Hot
Despite this procedural change, Dubai’s real estate market continues to attract overseas investors at record levels. Sales to non-resident buyers are up from last year, showing strong global confidence in the city’s property sector.
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