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Apartment Sales Contract
"I need an Apartment Sales Contract for a completed 2-bedroom apartment in Dubai Marina, with completion scheduled for March 2025, including provisions for mortgage financing and foreign buyer requirements."
1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the sale, including brief property description and seller's ownership status
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant definitions
4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact price and basic terms
5. Property Details: Comprehensive description of the apartment including unit number, floor, building name, plot details, and registered area in square feet/meters
6. Purchase Price and Payment Terms: Detailed breakdown of the purchase price and payment schedule, including deposit and installment details
7. Completion and Registration: Process and requirements for completion of the sale and property registration with the relevant land department
8. Seller's Obligations: Seller's commitments including providing clear title, necessary documentation, and handling any existing mortgages
9. Buyer's Obligations: Buyer's commitments including payment obligations, registration requirements, and compliance with building rules
10. Warranties and Representations: Standard warranties from both parties regarding their capacity to enter into the agreement and property condition
11. Handover: Terms and process for physical handover of the property, including inspection and snagging procedures
12. Termination: Circumstances under which the agreement can be terminated and consequences of termination
13. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate's courts' jurisdiction
14. Notices: Process for formal communications between parties
15. Execution: Signature blocks and execution requirements
1. Mortgage Arrangements: Include when buyer is obtaining mortgage financing, detailing coordination with the bank and mortgage requirements
2. Condition of Property: Include for existing (not off-plan) properties, detailing the current state and any agreed repairs
3. Service Charges: Include for properties in managed communities, detailing service charge obligations and transfers
4. Parking Allocation: Include when parking spaces are included in the sale, specifying details and rights
5. Furniture and Fixtures: Include when sale includes furniture or specific fixtures, with detailed inventory
6. Development Rules: Include for properties within managed developments, incorporating community rules and regulations
7. Power of Attorney: Include when any party is acting through a power of attorney, including verification requirements
8. Escrow Arrangements: Include for off-plan properties or when using escrow services for the transaction
9. Foreign Ownership: Include when buyer is a foreign national, addressing specific requirements and restrictions
1. Schedule 1 - Property Details: Detailed technical description of property including floor plans and area certificate
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including due dates and payment methods
3. Schedule 3 - Property Title Documents: Copies of title deed and other ownership documents
4. Schedule 4 - Handover Protocol: Detailed procedure for property inspection and handover process
5. Schedule 5 - Inventory List: List of included fixtures, fittings, and furniture (if applicable)
6. Appendix A - Property Photos: Current photographs of the property and any notable features
7. Appendix B - Building Rules: Copy of building or community rules and regulations
8. Appendix C - Required Documents: List of documents required from each party for completion
Authors
Property
Apartment
Purchase Price
Deposit
Completion Date
Completion
Building
Common Areas
Service Charges
Title Deed
Land Department
RERA
Seller
Buyer
Broker
Effective Date
Handover Date
Handover Protocol
Defects Liability Period
Force Majeure
Business Day
Escrow Account
Mortgage
Registration Fees
Transfer Date
Due Diligence Period
Maintenance Charges
Building Management
Owners Association
Permitted Use
Property Manager
Unit Number
Floor Plan
Plot
Master Community
Signing Date
Payment Schedule
Warranties
Encumbrances
Fixtures and Fittings
Inspection Period
Notice
Parking Space
Registration
Termination Date
Utility Services
Working Hours
Default
Governing Law
Jurisdiction
Property Description
Purchase Price
Payment Terms
Completion
Property Registration
Title Transfer
Warranties and Representations
Seller Obligations
Buyer Obligations
Condition of Property
Handover
Service Charges
Insurance
Default and Remedies
Termination
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Costs and Expenses
Amendments
Governing Law
Dispute Resolution
Confidentiality
Further Assurance
Waiver
Escrow
Property Management
Common Areas
Utilities
Parking Rights
Building Rules
Foreign Ownership
Mortgage
Due Diligence
Inspection Rights
Defects Liability
Survival
Real Estate
Property Development
Legal Services
Banking and Finance
Construction
Property Management
Professional Services
Urban Development
Residential Property
Legal
Real Estate
Sales
Compliance
Property Management
Business Development
Contract Administration
Risk Management
Operations
Customer Relations
Real Estate Agent
Property Lawyer
Legal Counsel
Property Manager
Sales Director
Contract Manager
Real Estate Developer
Compliance Officer
Property Consultant
Transaction Manager
Real Estate Investment Manager
Property Registration Officer
Sales Manager
Legal Director
Business Development Manager
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