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Residential Sale Contract

Residential Sale Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Residential Sale Contract

"I need a Residential Sale Contract for a 3-bedroom villa in Dubai Marina, with completion scheduled for March 2025, including specific provisions for an existing tenant and the transfer of developer maintenance contracts."

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Document background
The Residential Sale Contract is a fundamental legal document used in the United Arab Emirates for transferring ownership of residential property from seller to buyer. It is designed to comply with UAE Federal Laws, including UAE Civil Code and Property Law, as well as specific emirate-level real estate regulations. This document is essential for any residential property transaction in the UAE, whether involving apartments, villas, or townhouses. It includes crucial elements such as property details, payment terms, warranties, and transfer procedures, while incorporating specific UAE requirements like Emirates ID details and Land Department registration processes. The contract ensures proper documentation of the transaction while protecting both parties' rights under UAE law.
Suggested Sections

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

2. Background: Recitals establishing seller's ownership, property details, and parties' intention to enter into the transaction

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

4. Sale and Purchase: Core transaction terms including property description, purchase price, and basic obligations

5. Purchase Price and Payment Terms: Detailed payment structure, installment schedule if applicable, and payment methods

6. Property Details and Condition: Comprehensive description of the property, its condition, and any included/excluded items

7. Completion and Transfer: Process and requirements for property transfer at the relevant land department

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

9. Buyer's Warranties: Warranties regarding financial capacity and compliance with UAE property ownership laws

10. Registration and Transfer Costs: Allocation of registration fees, transfer fees, and other transaction costs

11. Title and Ownership Transfer: Process and requirements for legal transfer of title under UAE law

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

13. Governing Law and Jurisdiction: Specification of UAE law governance and jurisdiction of UAE courts

Optional Sections

1. Condition Precedents: Used when completion is subject to specific conditions such as mortgage approval or NOC from developer

2. Mortgage Requirements: Include when buyer is obtaining mortgage financing, detailing bank requirements and conditions

3. Service Charge Provisions: Required for properties in managed communities to address service charge obligations

4. Tenancy Provisions: Include when property is sold with existing tenants, addressing handover of tenancy contracts

5. Developer Approval: Required for properties where developer approval is needed for transfer

6. Islamic Finance Compliance: Include when transaction must comply with Islamic finance principles

7. Property Management Handover: Used for properties with facility management contracts or maintenance agreements

Suggested Schedules

1. Property Details Schedule: Detailed property specifications, floor plans, and included fixtures/fittings

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

3. Title Documents: Copies of ownership documents, affection plan, and site plan

4. Property Condition Report: Detailed report on property condition with photographs

5. Service Charge Statement: Current and historical service charge statements

6. Due Diligence Documents: Copies of utility bills, maintenance records, and building approvals

7. Form of Transfer/Registration Documents: Templates of required land department transfer forms

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

Property Development

Banking and Finance

Legal Services

Construction

Insurance

Property Management

Facilities Management

Real Estate Investment

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Due Diligence

Documentation

Investment

Risk Management

Client Relations

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Contract Manager

Real Estate Transaction Manager

Property Developer

Sales Manager

Real Estate Investment Manager

Mortgage Officer

Due Diligence Officer

Property Consultant

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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