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Deed Of Sale Agreement

Deed Of Sale Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Sale Agreement

"I need a Deed of Sale Agreement for transferring ownership of a commercial warehouse in Dubai Industrial City, with completion scheduled for March 2025 and including specific provisions for existing tenant arrangements and equipment transfer."

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Document background
The Deed of Sale Agreement is a crucial legal instrument used in the United Arab Emirates for documenting and executing property transfers. This document is essential when transferring ownership of real estate properties, whether residential, commercial, or industrial, and must comply with both federal UAE laws and specific emirate regulations. The deed serves as definitive evidence of the property transfer and typically includes comprehensive details about the property, parties involved, purchase price, payment terms, and warranties. Used primarily in final stage transactions, the Deed of Sale Agreement must be properly executed and registered with relevant authorities such as the Dubai Land Department or Abu Dhabi Municipality, depending on the property's location. The document's format and content are influenced by UAE Civil Code requirements and must often be executed in both Arabic and English to ensure legal validity.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and any registration details for corporate entities

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

3. Definitions: Key terms used throughout the deed, 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

5. Purchase Price: Detailed breakdown of the purchase price, payment terms, and method of payment

6. Completion: Requirements and process for completion, including timing and location

7. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition

8. Property Title: Confirmation of clean title and process of title transfer

9. Registration: Requirements and process for registering the transfer with relevant authorities

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

11. Notices: Process and requirements for serving notices between parties

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

Optional Sections

1. Conditions Precedent: Used when completion is subject to certain conditions being met, such as obtaining regulatory approvals

2. Property Management: Required when there are interim arrangements between signing and completion

3. Existing Tenancies: Needed when the property is subject to ongoing lease agreements

4. Mortgage Details: Include when the property is subject to existing mortgages or financing arrangements

5. Post-Completion Obligations: Required when parties have ongoing obligations after completion

6. Force Majeure: Optional clause dealing with unforeseen circumstances affecting completion

7. Dispute Resolution: Alternative dispute resolution mechanisms, if preferred over court proceedings

Suggested Schedules

1. Property Description: Detailed description of the property including location, boundaries, and registration details

2. Title Documents: List of title documents and ownership certificates

3. Property Plans: Official plans, drawings, and surveys of the property

4. Inventory: List of fixtures, fittings, and contents included in the sale

5. Outstanding Liabilities: Details of any existing mortgages, charges, or encumbrances

6. Required Consents: Copies of necessary regulatory or third-party consents

7. Payment Schedule: Detailed breakdown of payment installments if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries

Real Estate

Commercial Property

Residential Property

Industrial Property

Retail

Hospitality

Manufacturing

Logistics

Healthcare

Education

Banking and Finance

Construction

Relevant Teams

Legal

Real Estate

Compliance

Operations

Property Management

Facilities Management

Business Development

Investment

Asset Management

Risk Management

Corporate Services

Finance

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Corporate Lawyer

Compliance Officer

Real Estate Agent

Property Developer

Facilities Manager

Business Development Manager

Investment Manager

Asset Manager

Contract Manager

Transaction Manager

Chief Legal Officer

Company Secretary

Operations Director

Real Estate Director

Portfolio Manager

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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