Gifting of Property in the Emirate of Dubai
Property inheritance within UAE jurisdiction, can often prove to be challenging for investors who are conscience of the impacts of the same. In the Emirate of Dubai, for non-Muslims the option of creating a will to better protect these assets post-mortem (recently further upgraded through the creation of the Wills and Probate Register within the DIFC), is readily available, this option is unavailable for Muslim property owners under the current regulations. While alternative options are available to protect such assets, a common solution often being sought by Muslim property owners is the gifting or ‘Hiba’ of their properties to their appointed heirs. Click here to read the full article.