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Real Estate Purchase Contract for United Arab Emirates

Real Estate Purchase Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE federal and emirate-specific laws, designed to facilitate the purchase and sale of real estate property within the United Arab Emirates. This document incorporates essential elements required by UAE property law, including detailed property specifications, payment terms, and completion requirements. It ensures compliance with local registration procedures, relevant emirate-specific regulations, and encompasses necessary provisions for both residential and commercial property transactions while adhering to UAE's property ownership and transfer regulations.

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What is a Real Estate Purchase Contract?

The Real Estate Purchase Contract is a fundamental legal document used in the United Arab Emirates for property transactions, essential for both residential and commercial property transfers. It must comply with UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific property regulations, particularly in Dubai and Abu Dhabi. This contract type is required for any property purchase transaction in the UAE and must be registered with the relevant Land Department. It includes crucial elements such as property details, payment terms, conditions precedent, completion requirements, and specific provisions addressing UAE property ownership rules. The document serves as the primary agreement governing the rights and obligations of both parties in a property transaction, ensuring legal protection and regulatory compliance within the UAE's real estate framework.

What sections should be included in a Real Estate Purchase Contract?

1. Parties: Identification of seller and purchaser with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the transaction, including brief property description and parties' intentions

3. Definitions: Key terms used throughout the agreement, including UAE-specific legal and real estate terminology

4. Property Details: Comprehensive description of the property including title deed number, plot number, property size, location, and any registered encumbrances

5. Purchase Price: Total consideration, payment schedule, and method of payment in compliance with UAE regulations

6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and final payment conditions

7. Conditions Precedent: Conditions that must be satisfied before completion, including No Objection Certificates (NOC) and regulatory approvals

8. Completion: Process and requirements for transfer of ownership, including registration at the relevant Land Department

9. Seller's Obligations: Responsibilities of the seller including document provision and property maintenance until completion

10. Purchaser's Obligations: Responsibilities of the purchaser including payment obligations and due diligence requirements

11. Warranties and Representations: Standard and property-specific warranties from both parties

12. Default and Termination: Consequences of breach and termination rights under UAE law

13. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate's courts' jurisdiction

What sections are optional to include in a Real Estate Purchase Contract?

1. Mortgage Arrangements: Include when purchaser is obtaining mortgage financing, detailing bank requirements and conditions

2. Property Management: Include for properties within managed communities, detailing service charges and responsibilities

3. Tenancy Provisions: Include when property is currently tenanted, addressing existing lease agreements

4. Off-Plan Provisions: Include for off-plan properties, detailing construction completion, handover conditions, and developer obligations

5. Escrow Arrangements: Include when using escrow services for payment security

6. Foreign Ownership: Include when purchaser is non-UAE national, addressing specific requirements and restrictions

7. Power of Attorney: Include when any party is acting through an attorney, requiring POA documentation

What schedules should be included in a Real Estate Purchase Contract?

1. Property Schedule: Detailed property specifications, floor plans, and boundary details

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

3. Title Documents: Copies of title deed and other ownership documents

4. Property Condition Report: Current condition of property and any included fixtures and fittings

5. Due Diligence Documents: List of required documents including NOCs, service charge statements, and maintenance records

6. Handover Protocol: Detailed procedure for physical handover of the property

7. Required Approvals: List of necessary governmental and regulatory approvals

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

Publisher

Ƶ

Document Type

Service Agreement

Cost

Free to use
Relevant legal definitions





























Clauses

































Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Investment

Operations

Finance

Risk Management

Business Development

Asset Management

Acquisitions

Relevant Roles

Real Estate Manager

Property Development Manager

Legal Counsel

Contract Manager

Real Estate Agent

Property Broker

Compliance Officer

Real Estate Investment Manager

Asset Manager

Property Portfolio Manager

Real Estate Finance Manager

Property Sales Manager

Real Estate Operations Director

Chief Investment Officer

Real Estate Partner (Law Firm)

Property Acquisition Manager

Real Estate Transaction Coordinator

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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