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Real Estate Contract Buyers Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Contract Buyers

"I need a Real Estate Contract Buyers agreement for purchasing a 2-bedroom apartment in Dubai Marina, UAE, with completion scheduled for March 2025, including standard payment terms and transfer procedures."

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Document background
The Real Estate Contract Buyers agreement is a crucial legal document used in the United Arab Emirates for property acquisition transactions. It serves as the primary instrument for documenting the terms and conditions of real estate purchases, ensuring compliance with UAE federal laws and emirate-specific regulations. This document is essential when purchasing any type of real estate property in the UAE, whether residential, commercial, or investment properties. It includes comprehensive details about the property, parties involved, financial terms, completion requirements, and registration procedures with relevant authorities. The agreement is structured to accommodate UAE's unique real estate landscape, including considerations for foreign ownership restrictions, property registration requirements, and Land Department procedures. It provides legal protection for both parties while ensuring the transaction meets all local regulatory requirements.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the transaction including property overview and intention of the parties

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

4. Sale and Purchase: Core transaction terms including the agreement to sell and purchase the property

5. Purchase Price: Detailed breakdown of the purchase price, payment schedule, and method of payment in compliance with UAE regulations

6. Deposit: Terms regarding the initial deposit, its payment, and circumstances for refund or forfeiture

7. Conditions Precedent: Prerequisites that must be satisfied before completion, including No Objection Certificates and regulatory approvals

8. Seller's Obligations: Responsibilities of the seller including providing necessary documentation and maintaining the property

9. Buyer's Obligations: Responsibilities of the buyer including payment obligations and obtaining necessary approvals

10. Completion: Process and requirements for completion of the sale, including registration with relevant authorities

11. Title and Registration: Provisions regarding transfer of title and registration requirements with the Land Department

12. Warranties and Representations: Standard warranties from both parties regarding their capacity and the property's status

13. Default and Termination: Consequences of breach and circumstances allowing termination

14. Notices: Process for formal communications between parties

15. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts

Optional Sections

1. Mortgage Provisions: Required when the purchase is financed through a mortgage, including bank requirements and approvals

2. Off-Plan Provisions: Necessary for properties purchased before completion, including construction milestones and developer obligations

3. Handover Provisions: Detailed procedures for property handover, particularly relevant for new properties

4. Defect Liability: Particularly important for new properties, detailing the developer's obligations regarding defects

5. Service Charge Provisions: Required for properties in managed communities or buildings

6. Tenant Provisions: Required when the property is sold with existing tenants

7. Furniture and Fittings: Required when the sale includes furniture or specific fittings

8. Property Management: Required for properties requiring specific management arrangements post-sale

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 due dates

3. Property Plans: Official floor plans and location maps as registered with the Land Department

4. Inventory List: If applicable, list of included furniture, fixtures, and fittings

5. Required Documents: List of documents required for completion from both parties

6. Form of Transfer: Standard transfer forms required by the Land Department

7. Due Diligence Documents: Copies of title deed, service charge statements, and other relevant documentation

8. Handover Protocol: Detailed checklist and procedure for property handover

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

Banking & Finance

Legal Services

Property Development

Property Management

Investment

Insurance

Consulting

Property Technology

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Operations

Acquisitions

Due Diligence

Contract Administration

Risk Management

Investment

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Real Estate Investment Manager

Property Developer

Contract Manager

Real Estate Transaction Specialist

Acquisitions Manager

Legal Director

Real Estate Portfolio Manager

Property Consultant

Due Diligence Specialist

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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