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Property Transfer Agreement

Property Transfer Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Transfer Agreement

I need a Property Transfer Agreement for a luxury apartment in Dubai Marina, where the buyer is a foreign national from the UK, with completion scheduled for March 2025 and including provisions for mortgage arrangements.

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Document background
The Property Transfer Agreement is a crucial legal instrument used in the United Arab Emirates for documenting and executing the transfer of real property ownership. This document is essential when selling or purchasing any type of real estate in the UAE, whether residential, commercial, or industrial property. It must comply with UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 13 of 2008 (Property Registration Law), as well as specific emirate-level regulations. The agreement typically includes comprehensive details about the property, parties involved, purchase price, payment terms, warranties, and completion requirements. It also addresses unique aspects of UAE property transactions such as registration with the relevant Land Department, foreign ownership considerations where applicable, and compliance with local property regulations.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and relevant registration details as per UAE requirements

2. Background: Context of the transaction and brief description of the property being transferred

3. Definitions: Definitions of key terms used throughout the agreement, including local real estate terminology

4. Property Details: Comprehensive description of the property including location, size, registration details, and any pertinent features

5. Purchase Price: Details of the purchase price, payment terms, and method of payment in accordance with UAE regulations

6. Transfer Terms: Specific terms and conditions of the property transfer, including timing and registration requirements

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

8. Buyer's Warranties: Warranties regarding financial capacity and eligibility to own property under UAE laws

9. Completion Requirements: Steps required for completion, including documentation and registration with relevant authorities

10. Registration and Transfer: Procedures for property registration and transfer at the relevant Land Department

11. Costs and Taxes: Allocation of transfer fees, registration costs, and applicable taxes

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

Optional Sections

1. Mortgage Arrangements: Include when the property is subject to existing mortgage or requires new mortgage arrangements

2. Tenant Rights: Include when the property is subject to existing tenancy

3. Foreign Ownership Compliance: Include when either party is a foreign national, addressing specific requirements

4. Property Management Handover: Include for properties in managed communities or buildings

5. Service Charge Arrangements: Include for properties subject to service charges or maintenance fees

6. Condition Precedents: Include when transfer is subject to specific conditions being met

7. Power of Attorney: Include when any party is acting through an authorized representative

8. Islamic Finance Compliance: Include when the transaction involves Islamic financing arrangements

Suggested Schedules

1. Property Schedule: Detailed property description, including floor plans, boundaries, and specifications

2. Title Documents: Copies of existing title deed and other ownership documents

3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

4. Due Diligence Documents: List of property inspection reports, certificates, and compliance documents

5. Required Registrations: List of necessary registrations and forms for various UAE authorities

6. Handover Schedule: Inventory of items included in the sale and handover procedures

7. Property Certificates: Copies of necessary certificates including NOCs and compliance certificates

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

Financial Services

Legal Services

Property Management

Investment

Banking

Real Estate Investment Trusts (REITs)

Property Technology

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Affairs

Investment

Operations

Risk Management

Documentation

Business Development

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Investment Manager

Real Estate Investment Advisor

Contract Manager

Legal Director

Property Registration Officer

Real Estate Transaction Specialist

Corporate Lawyer

Real Estate Portfolio 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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