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Partnership Deed For Real Estate Business

Partnership Deed For Real Estate Business Template for United Arab Emirates

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Key Requirements PROMPT example:

Partnership Deed For Real Estate Business

"I need a Partnership Deed For Real Estate Business for a joint venture between a UAE-based property development company and an international investment firm, focusing on luxury residential developments in Dubai, with operations starting March 2025 and including specific provisions for Shariah-compliant financing."

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Document background
A Partnership Deed For Real Estate Business is essential when two or more parties wish to establish a formal partnership for conducting real estate business activities in the United Arab Emirates. This document is particularly crucial in the UAE market where real estate partnerships must comply with specific regulatory requirements and ownership structures. The deed serves as the foundational document defining the partnership's scope, partners' rights and obligations, capital contributions, profit-sharing arrangements, and operational procedures. It must align with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and relevant real estate regulations, including RERA requirements where applicable. The document is typically used when establishing new real estate ventures, formalizing existing partnerships, or restructuring real estate business operations in the UAE.
Suggested Sections

1. Parties: Details of all partners including full legal names, addresses, and nationality (important for UAE compliance)

2. Background: Context of the partnership formation and intended real estate business activities

3. Definitions: Definitions of key terms used throughout the deed, including specific real estate and partnership terminology

4. Partnership Structure: Legal form of partnership, registration details, and compliance with UAE partnership laws

5. Business Scope: Detailed description of permitted real estate activities and geographical scope of operations

6. Capital Contribution: Details of initial and ongoing capital contributions from each partner

7. Profit and Loss Sharing: Ratio and mechanism for distributing profits and losses among partners

8. Management and Control: Partnership management structure, decision-making processes, and voting rights

9. Banking and Financial Arrangements: Banking operations, signature authorities, and financial control mechanisms

10. Partner Rights and Obligations: Detailed rights and responsibilities of each partner

11. Regulatory Compliance: Compliance requirements with UAE real estate laws and regulations

12. Duration and Renewal: Term of partnership and renewal conditions

13. Dispute Resolution: Procedures for resolving disputes, including UAE court jurisdiction

14. Termination: Conditions and procedures for partnership termination

15. Governing Law: Specification of UAE law as governing law and relevant jurisdictions

Optional Sections

1. Non-Compete Provisions: Restrictions on partners engaging in competing real estate businesses

2. Intellectual Property Rights: For partnerships developing proprietary real estate solutions or branding

3. International Operations: For partnerships planning to operate beyond UAE

4. Islamic Finance Compliance: For partnerships operating under Sharia principles

5. Employee Management: For partnerships planning to hire staff directly

6. Insurance: Specific insurance requirements beyond standard coverage

7. Environmental Compliance: For partnerships involved in development projects

8. Marketing and Branding: For partnerships with significant marketing activities

Suggested Schedules

1. Schedule 1 - Partner Details: Detailed information about partners including ID documents and contact details

2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contribution including valuation of non-cash assets

3. Schedule 3 - Business Plan: Detailed business plan including market analysis and financial projections

4. Schedule 4 - Property Portfolio: List of properties owned or managed by the partnership

5. Schedule 5 - Operating Procedures: Detailed operational procedures and policies

6. Schedule 6 - Regulatory Licenses: Copies of all required licenses and permits

7. Appendix A - Power of Attorney: Standard format for powers of attorney for partnership operations

8. Appendix B - Banking Resolutions: Standard banking resolutions and authorized signatory lists

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

Construction

Property Management

Real Estate Investment

Commercial Property

Residential Property

Real Estate Advisory

Property Technology

Real Estate Finance

Architecture and Design

Urban Planning

Facilities Management

Relevant Teams

Legal

Real Estate Operations

Business Development

Investment

Compliance

Finance

Property Management

Strategy

Project Management

Risk Management

Corporate Development

Business Affairs

Relevant Roles

Real Estate Partner

Managing Partner

Property Development Manager

Real Estate Investment Director

Legal Counsel

Business Development Manager

Operations Director

Chief Executive Officer

Chief Financial Officer

Property Portfolio Manager

Compliance Officer

Real Estate Strategy Director

Investment Manager

Project Director

Managing Director

Real Estate Operations 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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