Joined
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4 Posts
Hello,
I am thinking of purchasing an apartment in Dubai and I have viewed a few but all of them have some issues I would like to clarify with your help.
One seller has few units for sale who is selling them through POA. The owners in title deeds are in the name of Builders Company in Dubai. Seller claims that he is an investor and use this POA method to save on 2 per cent fees. They have also said that I could buy from the company on title deeds and make MOU with them directly but again I am not sure what will happen to POA this seller has got from the building company? Does the seller need to withdraw POA? Can rera registered agent sing MOU on behalf of owner because most of the owners are out of country and will be available on transfer day. Any help would be greatly appreciated
I am thinking of purchasing an apartment in Dubai and I have viewed a few but all of them have some issues I would like to clarify with your help.
One seller has few units for sale who is selling them through POA. The owners in title deeds are in the name of Builders Company in Dubai. Seller claims that he is an investor and use this POA method to save on 2 per cent fees. They have also said that I could buy from the company on title deeds and make MOU with them directly but again I am not sure what will happen to POA this seller has got from the building company? Does the seller need to withdraw POA? Can rera registered agent sing MOU on behalf of owner because most of the owners are out of country and will be available on transfer day. Any help would be greatly appreciated
