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The Residential Resale Contract is a fundamental legal document used in the United Arab Emirates for secondary market property transactions. This contract type is specifically designed to facilitate the transfer of residential property ownership from existing owners to new buyers, ensuring compliance with UAE property laws and regulations. It incorporates mandatory requirements from the UAE Civil Code, RERA guidelines, and local land department procedures. The document is essential for both UAE nationals and eligible foreign buyers, including comprehensive provisions for property transfer, payment mechanisms, and completion requirements. It addresses key aspects such as title transfer, payment terms, property condition, and handover procedures, while ensuring adherence to local real estate transaction requirements and consumer protection measures.

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 history and current ownership status

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to UAE property law

4. Property Details: Comprehensive description of the property including title deed number, location, size, and registration details as per RERA requirements

5. Purchase Price: Agreed purchase price, payment structure, and deposit requirements in compliance with UAE regulations

6. Payment Terms: Detailed payment schedule, method of payment, and escrow arrangements as required by UAE law

7. Completion Requirements: Conditions for completion, including documentation and registration requirements with the relevant land department

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

9. Buyer's Warranties: Warranties regarding ability to purchase and comply with UAE property ownership requirements

10. Handover Provisions: Terms for physical handover of the property, including condition requirements and timing

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

12. Costs and Fees: Allocation of transaction costs, registration fees, and other expenses

13. Default and Termination: Consequences of default and termination rights under UAE law

14. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction of UAE courts