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Property Joint Venture Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Joint Venture Agreement

"I need a Property Joint Venture Agreement for a partnership between our Dubai-based development company and an international investor to develop a mixed-use commercial complex in Dubai Marina, with construction starting March 2025 and including specific provisions for sustainable development standards."

Document background
The Property Joint Venture Agreement is a crucial document used in the United Arab Emirates when two or more parties wish to collaborate on property development projects. This agreement is particularly relevant in the UAE market where local ownership requirements and specific property development regulations must be carefully considered. The document addresses key aspects including capital contributions (both monetary and in-kind), profit sharing mechanisms, management structure, development obligations, and compliance with UAE property laws. It is especially important in cases where international developers are partnering with local UAE entities, requiring careful attention to foreign ownership restrictions and local regulatory requirements. The agreement typically includes detailed provisions for property development phases, risk allocation, dispute resolution, and exit mechanisms, all structured within the UAE legal framework.
Suggested Sections

1. Parties: Identification of the joint venture partners, including full legal names, registration details, and addresses

2. Background: Context of the joint venture, including the purpose, property details, and partners' expertise

3. Definitions: Key terms used throughout the agreement, including property-specific and joint venture terminology

4. Joint Venture Structure: Legal structure, ownership percentages, and capital contributions of each party

5. Property Details: Specific information about the property, including legal description, title details, and current status

6. Objectives and Scope: Detailed description of the joint venture's purposes and intended property development activities

7. Capital Contributions: Detailed breakdown of initial and ongoing capital contributions, including property valuation

8. Management and Control: Governance structure, decision-making processes, and management responsibilities

9. Profit and Loss Sharing: Distribution of profits, losses, and other financial arrangements

10. Development obligations: Parties' responsibilities regarding property development, including timelines and standards

11. Term and Termination: Duration of the joint venture and circumstances for termination

12. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

13. General Provisions: Standard clauses including notices, amendments, and governing law

Optional Sections

1. Development Phases: Detailed phases of property development, used when the project involves multiple stages

2. Financing Arrangements: Specific provisions for external financing, required when bank or third-party funding is involved

3. Marketing and Sales: Procedures for marketing and selling developed properties, needed for residential or commercial developments

4. Environmental Compliance: Environmental obligations and standards, important for large-scale developments

5. Insurance: Specific insurance requirements beyond standard coverage

6. Property Management: Post-development management arrangements, relevant for income-generating properties

7. Exit Mechanisms: Detailed exit provisions, important for complex joint ventures or those with multiple partners

8. Intellectual Property: IP rights and branding provisions, relevant when the development involves unique designs or branding

Suggested Schedules

1. Property Documentation: Title deeds, property plans, and relevant legal documentation

2. Development Plans: Architectural plans, drawings, and technical specifications

3. Financial Model: Detailed financial projections, costs, and revenue expectations

4. Capital Contributions Schedule: Detailed breakdown of each party's contributions, including timing

5. Management Structure: Organizational chart and key personnel responsibilities

6. Construction Timeline: Detailed construction and development milestones

7. Required Approvals: List of necessary permits, licenses, and regulatory approvals

8. Service Providers: List of key contractors, consultants, and service providers

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















































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Relevant Industries

Real Estate Development

Commercial Property

Residential Property

Mixed-use Development

Hospitality

Retail Development

Industrial Development

Infrastructure Development

Luxury Real Estate

Tourism Development

Relevant Teams

Legal

Real Estate

Business Development

Commercial

Finance

Project Management

Operations

Investment

Construction

Compliance

Relevant Roles

Chief Executive Officer

Real Estate Development Director

Legal Counsel

Property Development Manager

Investment Director

Construction Manager

Business Development Director

Project Manager

Real Estate Investment Manager

Joint Venture Manager

Commercial Director

Legal Director

Finance Director

Development Director

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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