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Real Estate Sales Agreement Contract

Real Estate Sales Agreement Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Sales Agreement Contract

"I need a Real Estate Sales Agreement Contract for the purchase of a luxury villa in Dubai Marina, with completion scheduled for March 2025, including provisions for staged payments and specific renovation allowances agreed with the seller."

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Document background
The Real Estate Sales Agreement Contract is a fundamental legal document used in the United Arab Emirates for property transactions. It is essential for both residential and commercial property sales, ensuring compliance with UAE federal laws and emirate-specific regulations. This agreement is required whenever there is a transfer of real estate ownership, whether for developed properties or off-plan sales. The document must conform to strict UAE legal requirements, including proper party identification, property registration details, and specific clauses required by the Land Department. It should be drafted in both Arabic and English, with the Arabic version prevailing in case of disputes. The agreement typically includes comprehensive details about the property, payment terms, completion requirements, and the rights and obligations of both parties, while ensuring compliance with UAE's property ownership restrictions and registration procedures.
Suggested Sections

1. Parties: Identification of Seller and Buyer with full legal names, Emirates ID/passport numbers, and addresses as required by UAE law

2. Background: Context of the sale, brief description of the property, and intention of the parties to enter into the agreement

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact property details and registration information

5. Purchase Price: Total consideration, payment schedule, and method of payment in compliance with UAE regulations

6. Completion: Process and requirements for property transfer at the relevant Land Department

7. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition as per UAE law

8. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with payment obligations

9. Property Handover: Conditions and process for physical handover of the property

10. Registration and Transfer: Procedures for property registration at the Land Department and associated costs

11. Termination: Circumstances allowing termination and consequences thereof

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

Optional Sections

1. Condition of Property: Detailed section on property condition, used when selling existing (not off-plan) properties

2. Construction Completion: Used for off-plan properties to detail completion timelines and developer obligations

3. Mortgage Arrangements: Include when buyer is obtaining mortgage financing

4. Property Management: Required for properties in managed communities or with shared facilities

5. Foreign Ownership: Include when buyer is a foreign national, addressing relevant ownership restrictions

6. Agent Provisions: Include when real estate agents are involved in the transaction

7. Service Charges: Required for properties in managed developments with ongoing service charges

8. Escrow Arrangements: Include for off-plan properties requiring escrow accounts under UAE law

Suggested Schedules

1. Property Details: Detailed description of property including title deed number, plot details, and area specifications

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

3. Property Plans: Floor plans, location maps, and any relevant architectural drawings

4. Handover Specifications: Detailed list of fixtures, fittings, and condition requirements for handover

5. Due Diligence Documents: Copies of title deed, service charge statements, and other relevant property documents

6. Powers of Attorney: If applicable, powers of attorney for either party

7. Developer Approvals: Any required developer NOCs or approvals

8. Land Department Forms: Standard forms required by the relevant Land Department

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 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

Property Development

Banking & Finance

Legal Services

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Residential Property

Real Estate Investment Trusts (REITs)

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Risk Management

Property Management

Investment

Corporate Affairs

Operations

Finance

Document Management

Contract Administration

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Manager

Investment Manager

Real Estate Broker

Contract Manager

Corporate Lawyer

Transaction Manager

Sales Director

Business Development Manager

Risk Manager

Chief Legal Officer

Real Estate Partner

Property Investment Advisor

Asset 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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