Q: Hi. I am going to buy a property in Dubai and entered an MOU. The owner is from Sudan living in Saudi. He is saying he will give a POA and I need to give the sale proceed cheque to the POA. However, the mortgage bank is not accepting to issue a cheque to POA and mentioning they will give cheque only to the owner's name. Please advise

Q: Hello, I have signed an MOU where the buyer failed to complete the transaction as per the date of transfer plus the extension. Thus, the MOU expired. I have requested from the agency the 10% deposit cheque signed by the buyer. They refused to give it to me and requested an extension without any penalties or price increase despite the market appreciation by 10%. What can I do to get the cheque legally from them? I am already in a big issue because I already bought a bigger unit having in mind that my unit is sold. They are asking for an MOU extension but the prices went up and I request the fair price as per the market and they are refusing to pay the increase. Appreciate it if somebody can provide me with feedback on these two points: 1- Can the agency hold the cheque and not give it to me? Aren't they violating the law here? 2- What can be done in this case and what would the next steps be? Thanks in advance, Regards,

Q: Could you kindly advise if it is correct to put in an MOU that I, as the seller will be penalized an amount equivalent to the deposit for not transferring on the expected date? The MOU states that I would need to pay this to the buyer- also it states that the deposit cheque is refundable on the date of transfer- what does this mean? Thanks

Q: Hi, I had signed MOU to pay for a property, but my bank does not approve the loan. The MOU got expired. Now the owner asks the agent to give him my deposit cheque. In the MOU, it is mentioned that the MOU is valid for 45 days and it is subject to bank approval. If there is any rejection from the bank, this MOU will be null and void. In this condition, can I get my deposit cheque back?

Q: Hi, What if the buyer backs out in the purchase of a property after the internal MOU drafted by the seller was signed? There was a clause stating the security deposit will be returned upon full payment. Form F from the DLD was not yet signed. In this case, can we still get the 10% security deposit or not?

Q: This is to report that I paid a 10% security cheque of the property value as agreed upon & accepted by the owner to sign the MOU/FORM F. But the real estate agent told us that there is some technical issue while generating the MOU document with land and need to update the title deed. As I have a pre-approved bank loan, the real estate agent informed me to proceed with property valuation and confirmed meanwhile the documents will also get updated with DLD. After waiting for almost 2 weeks when we asked to generate MOU, the agent told the seller to back out & wants to sell at a higher price. It was delayed by the broker & seller for not signing the MOU/Form F & backing out after almost a month should be considered unlawful. As agents, they should secure the rights of both parties, in this case, where I was not at fault as the buyer, and the agent took their own time to find a new buyer at a higher price. How can we take action against them?

Q: I entered into an MOU to sell my apartment but unfortunately, my agent didn’t collect the security cheque from the buyer’s agent at the time of signing the MOU. Two days later, the buyer changed his mind and wanted to cancel the deal. Now in this situation: How can I claim the security deposit amount from the buyer? Will it involve any legal process? If yes, then how long does it take and how much does this cost? Should I just cancel the deal with the buyer and move on with selling my apartment to another buyer?

With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.

The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.