New rules just dropped for overseas property sellers in Dubai - and they’re a big deal.
📌 TL;DR:
— You must have a UAE bank account
— POAs are no longer enough for receiving funds
— Names on all documents must match exactly
— No more cheques made out to anyone except the title deed owner
Why?
Dubai is levelling up its anti-money laundering rules. Which means smoother, safer (and yes, more paperwork-heavy) transactions for everyone.
Selling from abroad and not sure what this means for you?
Tap in with gracehall_legal - Dubai’s only DFSA-regulated escrow company.
She’s a total pro when it comes to managing manager’s cheques and cross-border deals 👏
Got questions? Drop them below or DM me - I’ve got you.
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