Document background
A Purchase Deed is essential for documenting and legally effectuating the transfer of real property ownership in Saudi Arabia. This document is used whenever there is a sale of real property, whether it involves residential, commercial, or industrial properties. The Purchase Deed must be drafted in compliance with Saudi Arabian law, including Sharia principles, and typically contains crucial information such as the parties' details, property description, purchase price, warranties, and transfer terms. It requires proper authentication and registration with relevant authorities and may need additional provisions depending on the property type, transaction structure, and whether foreign ownership is involved. The document serves as official evidence of the transfer and is required for property registration with the relevant municipality or land registry.
