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Real Estate Sales Agreement

Real Estate Sales Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Sales Agreement

"I need a Real Estate Sales Agreement for a luxury villa in Dubai Marina, with completion scheduled for March 2025, including provisions for staged payments and specific conditions about the existing tenant's rights until their lease expires in June 2025."

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Document background
The Real Estate Sales Agreement is a crucial document used in the United Arab Emirates for property transactions between buyers and sellers. It serves as the primary legal instrument for transferring real estate ownership and must comply with UAE federal laws, including the UAE Civil Code and specific emirate-level regulations. This agreement is essential for both residential and commercial property transactions, incorporating mandatory provisions for property registration with relevant authorities such as the Dubai Land Department. It includes detailed sections covering property specifications, payment terms, warranties, and completion procedures. The document must address specific UAE requirements such as property registration procedures, payment mechanisms, and ownership restrictions for different types of properties and zones. Used across the UAE's property market, this agreement type is particularly important given the country's significant real estate sector and its attraction to both local and international investors.
Suggested Sections

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

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

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

4. Sale and Purchase: Core agreement for the sale and purchase of the property, including the basic obligations of both parties

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

6. Completion: Requirements and procedures for completion of the sale, including timing and location

7. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances

8. Buyer's Warranties: Warranties regarding capacity to purchase and source of funds

9. Registration: Provisions for registration of the property transfer with relevant authorities

10. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes

11. Notices: Process for sending formal notices between parties

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

13. Execution: Signature blocks and execution formalities

Optional Sections

1. Condition Precedents: Used when completion is subject to specific conditions being met, such as mortgage approval or property inspection

2. Property Management: Required for properties within managed communities or with ongoing service charges

3. Tenant Rights: Needed when the property is sold with existing tenants

4. Mortgage Provisions: Required when the purchase is financed through a mortgage

5. Defect Liability: Important for new properties or those under warranty

6. Power of Attorney: When one party needs to delegate authority for completion procedures

7. Escrow Arrangements: When payment is handled through an escrow account

8. Development Obligations: For off-plan properties or those under construction

Suggested Schedules

1. Property Description Schedule: Detailed description of the property including location, size, and specifications

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

3. Title Documents: Copies of relevant title documents and ownership certificates

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

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

6. Permits and Certificates: Copies of relevant permits, certificates, and approvals

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

8. Due Diligence Documents: Results of property searches and inspections

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

Property Development

Legal Services

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Operations

Investment

Contract Administration

Business Development

Risk Management

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Real Estate Developer

Investment Manager

Compliance Officer

Real Estate Transaction Manager

Property Consultant

Sales Director

Chief Legal Officer

Real Estate Investment Advisor

Property Portfolio Manager

Real Estate Operations Manager

Contract 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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