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Real Estate Contract Of Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Contract Of Sale

"I need a Real Estate Contract of Sale for a residential villa in Dubai Marina, with a completion date of March 15, 2025, including provisions for existing tenant rights and a payment schedule split into three installments."

Document background
The Real Estate Contract of Sale is a fundamental legal document used in the United Arab Emirates for property transactions. It serves as the primary agreement for transferring real estate ownership between parties, whether for residential, commercial, or mixed-use properties. The contract must comply with UAE federal laws, including the Civil Code and specific emirate-level property regulations, particularly in Dubai and Abu Dhabi. This document is essential for property registration with relevant land departments and typically includes detailed property specifications, payment terms, warranties, and completion requirements. It accommodates various transaction types, from straightforward residential sales to complex commercial property transfers, and can be adapted for both local and foreign buyers, considering UAE foreign ownership restrictions and regulations.
Suggested Sections

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

2. Background: Context of the sale and confirmation of the seller's legal ownership and right to sell

3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology

4. Property Details: Comprehensive description of the property including plot number, municipality number, and emirate location

5. Purchase Price: Total consideration and payment structure, including deposit requirements

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default

7. Completion: Conditions for completion, transfer process, and registration requirements with relevant authorities

8. Seller's Obligations: Pre-completion obligations, document provision, and property maintenance commitments

9. Purchaser's Obligations: Payment obligations, due diligence requirements, and completion responsibilities

10. Property Condition: Status of the property, any defects, and 'as is' provisions

11. Registration and Transfer: Process for property registration with the relevant land department

12. Representations and Warranties: Standard warranties about property ownership, encumbrances, and capacity to sell

13. Default and Termination: Consequences of breach and termination rights

14. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate's courts' jurisdiction

Optional Sections

1. Islamic Finance Provisions: Required when the purchase involves Islamic financing or Sharia-compliant terms

2. Strata Title: Needed for apartments or units in multi-owner buildings

3. Service Charges: Required for properties in managed communities or buildings

4. Tenant Rights: Include if the property is sold with existing tenants

5. Development Obligations: Required for off-plan properties or properties under construction

6. Foreign Ownership: Include specific provisions when purchaser is a foreign national

7. Commercial Terms: Additional provisions for commercial property sales

8. VAT Provisions: Required for commercial properties or new residential properties subject to VAT

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including boundaries, area, and specifications

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Title Documents: Copies of ownership documents and title deed

4. Property Plans: Floor plans, location maps, and approved drawings

5. Inventory Schedule: List of fixtures, fittings, and furniture included in the sale

6. Due Diligence Documents: Copies of permits, certificates, and compliance documents

7. Service Charge Schedule: Details of ongoing maintenance and service charges

8. Required Registrations: List of necessary registrations and approvals required for transfer

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






































Clauses


































Relevant Industries

Real Estate

Property Development

Construction

Legal Services

Banking and Finance

Islamic Finance

Property Management

Hospitality

Retail

Commercial Property

Residential Property

Investment and Asset Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Contracts Administration

Business Development

Investment

Asset Management

Risk Management

Operations

Finance

Corporate Services

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Real Estate Director

Property Developer

Investment Manager

Asset Manager

Contract Manager

Real Estate Broker

Title Officer

Property Consultant

Legal Director

Chief Legal Officer

Real Estate Partner

Transaction Manager

Development Director

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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