Document background
The For Sale By Owner House Contract is designed for use in the United Arab Emirates when property owners wish to sell their property directly to buyers without engaging real estate agents. This approach can result in cost savings but requires careful attention to legal compliance and documentation. The contract must adhere to UAE federal laws and emirate-specific regulations governing property transactions, including requirements for property registration, transfer procedures, and payment terms. It includes comprehensive provisions for property description, purchase price, payment schedule, warranties, and completion requirements, ensuring both parties' interests are protected while meeting all legal obligations for property transfer in the UAE. This document is particularly relevant in the current UAE property market where direct sales are becoming increasingly common, especially in established communities where property values and requirements are well-understood.
