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Property Development Contract

Property Development Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Development Contract

"I need a Property Development Contract for a luxury residential tower project in Dubai Marina, with construction starting in March 2025, that includes specific provisions for sustainable building practices and LEED certification requirements."

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Document background
The Property Development Contract is a crucial document used in the United Arab Emirates real estate sector when undertaking new development projects or major property renovations. It serves as the primary agreement between developers and property owners/employers, establishing their respective rights and obligations. This contract type is essential for projects ranging from residential and commercial developments to mixed-use properties, incorporating UAE federal and emirate-specific real estate laws. The document typically includes detailed construction specifications, project timelines, payment structures, quality standards, and compliance requirements with local building regulations. It becomes particularly important in major development hubs like Dubai and Abu Dhabi, where strict regulatory oversight requires comprehensive contractual documentation. The agreement must align with UAE Civil Code requirements and relevant property laws, while also addressing specific requirements from authorities such as RERA (Real Estate Regulatory Agency) where applicable.
Suggested Sections

1. Parties: Identification of the developer and property owner/employer, including full legal names and addresses

2. Background: Context of the development project, including property details and development objectives

3. Definitions and Interpretation: Detailed definitions of technical and legal terms used throughout the contract

4. Scope of Works: Detailed description of the development project, including nature and extent of works

5. Contract Price and Payment Terms: Payment structure, amounts, milestones, and payment procedures

6. Project Timeline: Development schedule, key milestones, completion dates, and handling of delays

7. Developer's Obligations: Comprehensive list of developer's responsibilities and commitments

8. Employer's Obligations: Rights and responsibilities of the property owner/employer

9. Quality and Standards: Required quality standards, materials specifications, and compliance requirements

10. Variations and Changes: Procedures for handling changes to scope, specifications, or timeline

11. Testing and Completion: Inspection procedures, acceptance criteria, and completion certificates

12. Defects Liability: Defects liability period, warranty terms, and remediation procedures

13. Insurance and Indemnities: Required insurance coverage and indemnification obligations

14. Force Majeure: Definition and handling of force majeure events

15. Termination: Grounds and procedures for contract termination

16. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

17. Notices: Communication procedures and contact details

18. General Provisions: Standard boilerplate clauses including assignment, waiver, and severability

Optional Sections

1. Environmental Compliance: Required for projects with significant environmental impact, detailing environmental protection measures

2. Community Impact: For projects in populated areas, addressing community relations and impact mitigation

3. Financing Arrangements: When project financing is involved, detailing funding conditions and requirements

4. Intellectual Property Rights: For projects involving unique designs or proprietary technology

5. Marketing and Branding: For commercial developments requiring specific marketing approaches

6. Phased Development: For large projects delivered in phases, detailing phase-specific requirements

7. Special Technical Requirements: For projects requiring specific technical expertise or methodologies

8. Government Approvals: When special government permits or approvals are required

9. Sustainability Requirements: For green buildings or sustainable development projects

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including title details and site plans

2. Schedule 2 - Scope of Works: Detailed technical specifications and drawings

3. Schedule 3 - Project Timeline: Detailed project schedule with milestones and critical dates

4. Schedule 4 - Payment Schedule: Detailed breakdown of payments, including milestone payments

5. Schedule 5 - Quality Standards: Specific quality requirements and applicable standards

6. Schedule 6 - Testing and Commissioning Procedures: Detailed procedures for testing and acceptance

7. Schedule 7 - Forms of Certificates: Templates for various certificates including completion certificates

8. Schedule 8 - Insurance Requirements: Detailed insurance specifications and coverage requirements

9. Schedule 9 - Permits and Approvals: List of required permits and responsibilities for obtaining them

10. Appendix A - Site Layout Plans: Detailed site plans and drawings

11. Appendix B - Technical Specifications: Detailed technical requirements and specifications

12. Appendix C - Material Specifications: Specifications for construction materials

13. Appendix D - Environmental Impact Assessment: Environmental impact studies and mitigation measures

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































































Clauses









































Relevant Industries

Real Estate

Construction

Property Development

Infrastructure

Commercial Property

Residential Property

Mixed-use Development

Hospitality

Retail

Industrial Development

Relevant Teams

Legal

Real Estate

Development

Construction

Project Management

Finance

Operations

Compliance

Risk Management

Technical Services

Relevant Roles

CEO

Managing Director

Development Director

Project Manager

Construction Manager

Legal Counsel

Contract Manager

Real Estate Director

Property Development Manager

Chief Operating Officer

Risk Manager

Finance Director

Technical Director

Compliance Officer

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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