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Real Estate Purchase Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Purchase Form

"I need a Real Estate Purchase Form for buying a commercial warehouse in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for existing tenant rights and industrial licensing requirements."

Document background
The Real Estate Purchase Form is a standardized document used for property transactions in the United Arab Emirates, designed to comply with both federal and emirate-specific property laws. This document is essential for any real estate purchase transaction, whether residential or commercial, and includes comprehensive details about the property, parties involved, payment terms, and completion requirements. It incorporates necessary provisions from UAE Civil Code, relevant property registration laws, and where applicable, foreign ownership regulations. The form is structured to protect both buyer and seller interests while ensuring smooth property transfer through the relevant land departments. It is particularly important in major real estate markets like Dubai and Abu Dhabi, where specific regulatory requirements must be met for property transfers.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context of the transaction and property overview

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Purchase Price: Statement of the agreed purchase price and payment structure

6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and payment methods

7. Completion: Requirements and process for completion of the sale, including timing and documentation

8. Title and Ownership: Confirmation of seller's right to sell and transfer of ownership process

9. Registration: Requirements for property registration with relevant authorities

10. Seller's Warranties: Warranties regarding property ownership, condition, and legal status

11. Buyer's Obligations: Specific responsibilities and commitments of the buyer

12. Default and Termination: Consequences of default and conditions for agreement termination

13. Notices: Process for formal communications between parties

14. Governing Law: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Mortgage Contingency: Include when buyer's purchase is contingent on obtaining mortgage financing

2. Property Inspection: Include when there's a condition for professional property inspection

3. Furniture and Fixtures: Include when sale includes specific furniture or fixtures

4. Tenant Rights: Include when property is currently tenanted

5. Developer Approval: Include for properties requiring developer's approval for transfer

6. Service Charge Settlement: Include for properties with outstanding service charges

7. Power of Attorney: Include when any party is acting through a power of attorney

8. Foreign Ownership: Include when buyer is a foreign national, addressing specific requirements

Suggested Schedules

1. Property Plan: Detailed floor plan and property layout

2. Title Deed: Copy of current title deed

3. Payment Schedule: Detailed breakdown of payment installments and dates

4. Property Inventory: List of included fixtures, fittings, and furniture if applicable

5. Due Diligence Documents: Copies of relevant certificates, permits, and approvals

6. Service Charge Statement: Current status of service charges and maintenance fees

7. NOC Template: Template for No Objection Certificate from developer or relevant authorities

8. Property Photographs: Recent photographs of the property

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

Banking & Finance

Legal Services

Construction

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Operations

Finance

Risk Management

Documentation

Client Relations

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Real Estate Development Manager

Investment Manager

Compliance Officer

Real Estate Transaction Coordinator

Property Valuation Specialist

Mortgage Advisor

Real Estate Portfolio Manager

Asset Manager

Property Sales Director

Real Estate Operations Manager

Legal Documentation Specialist

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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