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Property Sell Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Sell Agreement

"I need a Property Sale Agreement for a luxury villa in Dubai Marina, with completion scheduled for March 2025, including provisions for partial furnishing and existing tenant arrangements."

Document background
The Property Sale Agreement is a crucial legal document used in the United Arab Emirates for facilitating and documenting the transfer of property ownership. This agreement is essential for both residential and commercial property transactions in the UAE, requiring compliance with federal laws such as the UAE Civil Code and specific emirate-level property regulations. The document becomes necessary whenever there is a transfer of property ownership, whether for developed properties or off-plan sales. It must incorporate specific UAE requirements including property registration procedures, foreign ownership restrictions where applicable, and mandatory escrow arrangements. The agreement typically includes comprehensive details about the property, payment terms, warranties, and completion requirements, while ensuring compliance with UAE property laws and registration procedures.
Suggested Sections

1. Parties: Identification of the Seller and Buyer, including full legal names, Emirates ID numbers, and contact details

2. Background: Context of the sale, brief description of the property, and statement of intention to sell/purchase

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact description of the property and its registration details

5. Purchase Price: Detailed breakdown of the purchase price, payment schedule, and payment methods

6. Deposit: Terms relating to the initial deposit, including amount, payment timing, and conditions for retention or return

7. Conditions Precedent: Conditions that must be satisfied before completion, including necessary approvals and documentation

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and other property-specific assurances

9. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with UAE ownership laws

10. Completion Requirements: Detailed process for completion, including documentation, timing, and handover procedures

11. Registration: Requirements and procedures for registering the property transfer with relevant authorities

12. Termination: Circumstances under which the agreement can be terminated and consequences of termination

13. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and jurisdiction for disputes

Optional Sections

1. Property Condition: Detailed section about property condition, typically included for existing properties rather than off-plan sales

2. Fixtures and Fittings: List of items included/excluded in the sale, relevant for furnished or partially furnished properties

3. Service Charges: Details of ongoing service charges and handover of responsibility, relevant for properties in managed developments

4. Mortgage Requirements: Additional provisions where buyer is obtaining mortgage financing

5. Foreign Ownership: Additional provisions required for foreign buyers, including compliance with ownership restrictions

6. Developer Consent: Required for properties where developer approval is needed for transfer

7. Tenancy Provisions: Required when property is sold with existing tenants

8. Defect Liability: Relevant for new properties or those under warranty

9. Escrow Arrangements: Detailed escrow provisions where required by law or agreed between parties

Suggested Schedules

1. Property Details: Detailed description of the property including title deed number, plot number, and area details

2. Payment Schedule: Detailed breakdown of payment installments and timing

3. Property Plan: Official property plan and layout drawings

4. Inventory: List of fixtures, fittings, and furniture included in the sale (if applicable)

5. Title Documents: Copies of relevant title documents and certificates

6. Due Diligence Documents: List of documents provided for buyer's due diligence

7. Form of Transfer: Template transfer documents required by the relevant land department

8. Service Charge Statement: Current service charge statements and estimates (if applicable)

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

Construction

Property Development

Banking & Finance

Legal Services

Hospitality

Retail

Commercial Property

Residential Property

Investment & Asset Management

Property Management

Urban Development

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Property Management

Asset Management

Investment

Operations

Risk Management

Contract Administration

Corporate Services

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Manager

Investment Manager

Asset Manager

Development Director

Sales Manager

Contract Manager

Real Estate Partner

Property Lawyer

Transaction Manager

Real Estate Consultant

Business Development 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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