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Home Sale Contract

Home Sale Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Home Sale Contract Template

"I need a UAE Home Sale Contract Template for selling a luxury villa in Dubai Marina to a foreign buyer, with completion scheduled for March 2025, including provisions for furniture transfer and multiple payment installments."

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Document background
The Home Sale Contract Template is a standardized legal instrument designed for property transactions in the United Arab Emirates' residential real estate market. This template is essential for documenting the sale and purchase of residential properties, ensuring compliance with UAE federal laws, emirate-specific regulations, and Sharia principles. It is particularly relevant for transactions involving both UAE nationals and foreign buyers, incorporating necessary provisions for property registration, transfer of ownership, payment arrangements, and regulatory compliance. The template addresses specific UAE market requirements such as escrow arrangements, title deed registration with the relevant land department, and municipality approvals. It can be customized for different emirates while maintaining core legal requirements and provides comprehensive coverage of essential terms, conditions, and warranties required for valid property transfers in the UAE.
Suggested Sections

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

2. Background: Context of the sale including brief property description and parties' intention to enter into the sale transaction

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

4. Property Details: Comprehensive description of the property including location, size, type, and registration details as per UAE land department requirements

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

6. Payment Terms: Detailed breakdown of payment structure, installments, and method of payment including escrow requirements if applicable

7. Completion and Registration: Process and requirements for completion of sale, transfer of ownership, and registration with relevant authorities

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

9. Buyer's Obligations: Responsibilities of the buyer including payment obligations and documentation requirements

10. Property Handover: Terms and conditions for physical handover of the property and transfer of utilities

11. Default and Termination: Consequences of default by either party and circumstances for contract termination

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts

Optional Sections

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

2. Foreign Ownership: Required when buyer is a non-UAE national, specifying compliance with foreign ownership restrictions

3. Property Management: Include for properties within managed communities, detailing service charges and community rules

4. Tenancy Status: Include if property is currently tenanted, detailing existing lease terms and handover conditions

5. Condition Report: Optional section detailing the current condition of the property and any agreed repairs

6. Furniture and Fixtures: Include if sale includes furniture or specific fixtures, with detailed inventory

7. Development Completion: Required for off-plan properties, detailing completion expectations and developer obligations

8. Agent Commission: Include if real estate agents are involved, detailing commission arrangements

Suggested Schedules

1. Property Title Deed: Copy of official title deed and property registration details

2. Property Floor Plan: Detailed floor plan and property measurements

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

4. Property Photographs: Recent photographs documenting property condition

5. Inventory List: If applicable, detailed list of included furniture and fixtures

6. Service Charge Statement: Current status of service charges and maintenance fees

7. NOC Documents: Relevant No Objection Certificates from developer or authorities

8. Due Diligence Documents: Compilation of property verification and compliance documents

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

Property Development

Banking and Finance

Legal Services

Construction

Property Management

Insurance

Facilities Management

Property Investment

Real Estate Technology

Urban Planning

Architecture and Design

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Documentation

Contract Administration

Risk Management

Customer Relations

Transaction Processing

Investment

Property Development

Relevant Roles

Real Estate Lawyer

Property Sales Manager

Real Estate Broker

Compliance Officer

Legal Counsel

Property Developer

Real Estate Investment Manager

Mortgage Officer

Property Valuation Expert

Real Estate Transaction Manager

Contract Administrator

Real Estate Portfolio Manager

Property Documentation Specialist

Legal Document Controller

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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