gifting property to a minor in Dubai

gifting property to a minor in Dubai

Can Property be Gifted to a Minor?

Under the UAE civil Law No.5 of 1985, a minor is said to be anyone under the age of 21, which is specified as the age of majority. However, individuals above the age of 21 lacking mental capabilities would also be considered as minors. The debate of whether minors are allowed to be property owners often emerges with families considering succession planning or wealth transfers. For an overview of how...