tiktok³ÉÈË°æ

The Apartment Purchase Contract is a fundamental legal document used in the United Arab Emirates for residential property transactions. It serves as the primary agreement between a seller and purchaser for the transfer of apartment ownership, ensuring compliance with UAE property laws and regulations. This document is essential for both new sales from developers and secondary market transactions, incorporating mandatory provisions required by the Real Estate Regulatory Agency (RERA) and relevant Emirates' property departments. The contract must address specific UAE requirements including property registration procedures, payment mechanisms, and ownership transfer protocols. It's particularly important in Dubai and other Emirates where property transactions are strictly regulated and must follow prescribed formats and procedures. The document can be adapted for various scenarios including off-plan purchases, ready properties, or investment units, while maintaining compliance with UAE Civil Code requirements and local property laws.

1. Parties: Details of the Seller and Purchaser, including full legal names, Emirates ID numbers, and contact information

2. Background: Context of the sale, including brief property description and confirmation of Seller's right to sell

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant definitions

4. Sale and Purchase: Core agreement to sell and purchase the property, including the basic terms and consideration

5. Property Details: Comprehensive description of the apartment, including unit number, floor, building name, location, and area details

6. Purchase Price: Total purchase price, payment schedule, and payment methods in compliance with UAE regulations

7. Payment Terms: Detailed breakdown of payment installments, due dates, and consequences of default

8. Completion and Transfer: Process and requirements for completion, including registration at the Dubai Land Department

9. Seller's Obligations: All obligations of the seller including delivering clear title, maintenance until handover, and required documentation

10. Purchaser's Obligations: All obligations of the purchaser including payments, documentation, and registration requirements

11. Warranties and Representations: Standard warranties from both parties regarding capacity, authority, and property condition

12. Handover: Process for physical handover of the property, including inspection and snagging procedures

13. Default and Termination: Consequences of breach by either party and termination provisions

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