The Contract to Sell a House is a fundamental legal document used in UAE real estate transactions to formalize the sale of residential property. This document is essential for any property sale in the UAE, whether in Dubai, Abu Dhabi, or other emirates, and must comply with both federal laws and emirate-specific regulations. The contract includes crucial elements such as party identification, property details, purchase price, payment terms, warranties, and transfer procedures. It's particularly important in the UAE context due to specific requirements for property registration, escrow accounts, and foreign ownership restrictions. The document serves as the primary agreement between parties and forms the basis for property registration with relevant land departments. Understanding and properly executing this contract is crucial for real estate professionals, legal practitioners, and parties involved in UAE property transactions.
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1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the sale, including brief property description and parties' intention to enter into the transaction
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Completion Date', 'Purchase Price', etc.
4. Property Details: Comprehensive description of the property including plot number, property ID, location, size, and any included fixtures and fittings
5. Purchase Price: Specified purchase price, payment structure, and payment methods in accordance with UAE regulations
6. Payment Terms: Detailed payment schedule, deposit requirements, and escrow arrangements as per UAE law
7. Completion and Transfer: Process and requirements for property transfer, including registration requirements and timeline
8. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances
9. Buyer's Obligations: Buyer's commitments including payment, due diligence, and registration requirements
10. Property Condition: Statement on property condition and any agreed repairs or modifications
11. Default and Termination: Consequences of default by either party and termination provisions
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant emirate's courts' jurisdiction
13. Execution: Signature blocks and execution requirements as per UAE law
1. Broker Arrangements: Include when a real estate broker is involved in the transaction, specifying commission arrangements
2. Mortgage Contingency: Include when the purchase is contingent on the buyer obtaining mortgage financing
3. Property Management Handover: Include for properties in managed communities to address service charge and management transfer
4. Furniture and Fittings: Include when specific furniture or fittings are included in the sale
5. Foreign Ownership Declaration: Include when buyer is a foreign national, addressing relevant ownership restrictions
6. Tenancy Provisions: Include when property is currently tenanted, addressing existing lease arrangements
7. Construction Completion: Include for off-plan properties or properties under construction
1. Property Title Deed: Copy of current title deed and property ownership documentation
2. Property Floor Plan: Detailed floor plan and property layout
3. Inventory List: List of included fixtures, fittings, and furniture (if applicable)
4. Payment Schedule: Detailed breakdown of payment installments and due dates
5. Property Photographs: Recent photographs documenting property condition
6. Service Charge Statement: Current service charge statement and payment status
7. NOC Template: Template for No Objection Certificate from developer/master developer
8. Due Diligence Documents: Compilation of required property documentation and certificates
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