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Property Sales Contract Between Seller And Buyer Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Sales Contract Between Seller And Buyer Form

"I need a Property Sales Contract Between Seller And Buyer Form for a luxury villa in Dubai Marina, including provisions for furniture transfer and staged payments, with completion scheduled for March 2025."

What is a Property Sales Contract Between Seller And Buyer Form?

The Property Sales Contract Between Seller And Buyer Form is a fundamental legal document used in the United Arab Emirates for real estate transactions. This contract is essential for any transfer of property ownership in the UAE, whether residential or commercial, and must comply with both federal laws and specific emirate regulations. The document is designed to capture all crucial aspects of the property sale, including detailed party information, property specifications, financial terms, and completion requirements. It incorporates mandatory provisions required by UAE Civil Code and real estate laws, while allowing for customization based on specific transaction requirements. This contract type is particularly important in the UAE market where property transactions are strictly regulated and must follow specific procedural requirements for registration and transfer at the relevant land department. The document serves as both a legally binding agreement and a necessary instrument for property registration.

What sections should be included in a Property Sales Contract Between Seller And Buyer Form?

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID/passport numbers, and contact details

2. Background: Context of the sale and confirmation of Seller's ownership and authority to sell

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including location, size, type, and registration details

5. Purchase Price: Agreed purchase price and payment structure including deposit and completion payment terms

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Completion: Process and requirements for completion of the sale, including registration and transfer procedures

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with laws

9. Buyer's Warranties: Warranties regarding capacity to purchase and source of funds

10. Handover: Terms and process for physical handover of the property

11. Registration and Transfer: Procedures for property registration and transfer at the relevant land department

12. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes

13. Default and Termination: Consequences of default and termination rights

14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

What sections are optional to include in a Property Sales Contract Between Seller And Buyer Form?

1. Mortgage Arrangements: Required if the property is being purchased with mortgage financing

2. Foreign Ownership: Required for non-UAE national buyers, addressing specific requirements and restrictions

3. Condition of Property: Detailed description of property condition if being sold as-is or with specific issues

4. Tenancy: Required if property is currently tenanted, addressing existing lease agreements

5. Furniture and Fixtures: Required if sale includes furniture or specific fixtures

6. Development Rules: Required for properties within managed communities or developments

7. Escrow Arrangements: Required if using escrow services for the transaction

8. Power of Attorney: Required if any party is acting through an authorized representative

What schedules should be included in a Property Sales Contract Between Seller And Buyer Form?

1. Property Title Deed: Copy of current title deed and property ownership documentation

2. Property Plans: Floor plans, location maps, and technical drawings of the property

3. Payment Schedule: Detailed breakdown of payment installments and due dates

4. Property Inspection Report: Technical inspection report detailing property condition

5. Inventory List: List of included furniture and fixtures if applicable

6. NOC Documents: Required No Objection Certificates from relevant authorities

7. Service Charge Statement: Statement of current and outstanding service charges

8. Existing Tenancy Documents: Copies of current lease agreements if property is tenanted

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





































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Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Property Management

Insurance

Investment

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Business Development

Investment

Operations

Finance

Risk Management

Document Control

Client Relations

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Sales Director

Investment Manager

Real Estate Developer

Compliance Officer

Contract Manager

Property Consultant

Real Estate Broker

Transaction Manager

Legal Director

Business Development Manager

Real Estate Investment Advisor

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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