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A Letter Of Intent To Purchase Property is a crucial preliminary document in UAE real estate transactions, serving as a formal expression of interest and framework for negotiation between parties. It is typically used when a potential buyer has identified a property of interest but needs to conduct due diligence or secure financing before proceeding with a full purchase agreement. The document outlines key terms including property details, proposed purchase price, timeline, and any major contingencies. While generally non-binding, it demonstrates serious intent and can include binding provisions such as confidentiality and exclusivity clauses. In the UAE's dynamic real estate market, particularly in emirates like Dubai and Abu Dhabi, this document helps establish clear communication between parties and often serves as a precursor to the formal Sales and Purchase Agreement (SPA). It must be drafted in accordance with UAE federal laws and specific emirate-level real estate regulations.

1. Letter Header: Date, recipient's name and address, and subject line clearly stating 'Letter of Intent to Purchase Property'

2. Opening Paragraph: Introduction of the sender and clear statement of intent to purchase the specified property

3. Property Details: Precise identification of the property including address, plot number, and any relevant registration details

4. Purchase Price: Proposed purchase price and basic payment terms

5. Timeline: Proposed timeline for the transaction, including due diligence period and expected closing date

6. Basic Terms: Key conditions of the proposed purchase, including any major contingencies

7. Due Diligence: Brief outline of the due diligence requirements and process

8. Confidentiality: Statement regarding the confidential nature of the discussions and proposed transaction

9. Non-Binding Nature: Clear statement that this is a non-binding letter of intent except for specified binding provisions

10. Closing Paragraph: Statement of good faith and intention to proceed with the transaction

11. Signature Block: Space for signatures, dates, and contact information for both parties