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DIFC WPR set for Dubai property show debut

DUBAI, March 20, 2017

The DIFC Wills & Probate Registry (WPR), a public entity of the Dubai government, is set to take part for the first time in the International Property Show (IPS), which kicks off in Dubai, UAE, next month.

The WPR provides legislative certainty that a person’s assets based in Dubai and Ras Al Khaimah (UAE) will be distributed as set out in their registered wills.

The DIFC is the first jurisdiction in the Middle East and North Africa (Mena) region where one can register a will in English language under internationally-recognised common law.

A major property event in the region, IPS will be held from April 2 to 4 at the Dubai World Trade Centre.

The Dubai property market has been showing continuous growth year-on-year, yet only a small percentage of overseas investors and residents are choosing to protect their property assets through a DIFC Will, said the event organisers.

At the show, the Registry aims to educate property owners and investors, both locally and globally, on how to safeguard their assets in Dubai and Ras Al Khaimah with a property will, it added.  

Sean Hird, the director of DIFC Wills & Probate Registry, said: "We are delighted to be participating in this year’s International Property Show. The date of the show coincides perfectly with the launch of our online property will, whereby property owners from around the world can easily register their DIFC will via the website and protect up to five properties."

"We will be demonstrating this new online property will at the show, and will be on hand to answer any questions that property owners and investors may have," stated Hird.

"The Registry is committed to supporting Dubai’s continued growth and development, as well as to providing asset owners with a solution that provides certainty and security. The online property will can now be accessed at www.difcprobate.ae and can be completed via smartphones, tablets or desktops within 30 minutes," he added.

Registering a will with the WPR is one of the basic steps that eligible asset owners in Dubai or Ras Al Khaimah should take as part of their life planning.

According to Hird, since its launch in 2015, the Registry has delivered over 2,100 wills to international investors and residents looking to protect their future.

"To make the registration services simple and accessible to everyone, the Registry has recently partnered with Dubai’s largest Tas’heel Service Centre for “fast track” Will registrations, as well as with a number of leading national and international banks to offer zero per cent payment plans for registration," he added.-TradeArabia News Service




Tags: Dubai | DIFC | property show | Wills & Probate Registry |

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