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A Letter Of Intent To Purchase Residential Property serves as an important preliminary step in UAE real estate transactions, particularly in major markets like Dubai and Abu Dhabi. This document is typically used when a prospective buyer has identified a property of interest and wishes to formally communicate their intention to purchase, along with proposed terms, before proceeding with a full purchase agreement. While generally non-binding in nature, it helps establish the framework for subsequent negotiations and demonstrates the buyer's serious interest. The document must align with UAE federal property laws and specific emirate regulations, including those related to property registration, foreign ownership restrictions, and transaction procedures. It typically includes essential details such as property identification, proposed purchase price, payment terms, due diligence requirements, and anticipated closing timeline. This type of document is particularly valuable in high-value residential transactions or when dealing with complex property acquisitions in the UAE market.

1. Sender's Details: Full name, address, and contact information of the potential buyer

2. Date: Current date of the letter

3. Recipient's Details: Full name, address, and contact information of the property owner/seller

4. Subject Line: Clear indication that this is a Letter of Intent to Purchase Residential Property

5. Property Identification: Detailed description of the property including address, title deed number, and any relevant registration details

6. Purchase Price: Proposed purchase price and any relevant payment terms

7. Key Terms: Essential terms including proposed closing date, deposit amount, and any major conditions

8. Due Diligence Period: Proposed timeline for conducting property inspection and document review

9. Closing Timeline: Proposed timeline for completing the transaction

10. Signature Block: Space for signature, name, and date for both parties