The As Is Residential Contract For Sale And Purchase is specifically designed for UAE real estate transactions where the buyer agrees to purchase a residential property in its existing condition, without warranties from the seller regarding the property's state. This document is particularly useful in situations involving resale properties, distressed sales, or where the seller wishes to limit their liability regarding the property's condition. The agreement complies with UAE federal laws and emirate-specific regulations, including those of the Real Estate Regulatory Agency (RERA) where applicable. It contains essential provisions for property transfer, payment terms, and completion procedures, while explicitly documenting the buyer's acknowledgment of the property's condition. This type of contract is commonly used in the UAE real estate market, especially in Dubai and Abu Dhabi, where property transactions must adhere to strict regulatory requirements and registration procedures.
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1. Parties: Identification of the Seller and Buyer with full legal names and details
2. Background: Context of the transaction and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Details: Comprehensive description of the property including address, title deed number, and registration details
5. Purchase Price: Agreed purchase price and payment terms
6. As Is Condition: Express acknowledgment that the property is sold in its current condition with all faults and defects
7. Seller's Representations: Limited representations regarding ownership and authority to sell
8. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of condition
9. Completion: Completion date, requirements, and process
10. Transfer of Ownership: Process and requirements for property registration transfer
11. Costs and Fees: Allocation of transaction costs, registration fees, and broker commissions
12. Default and Remedies: Consequences of default by either party
13. Notices: Method and addresses for official communications
14. Governing Law and Jurisdiction: UAE law application and courts' jurisdiction
15. Entire Agreement: Integration clause confirming complete agreement between parties
1. Mortgage Contingency: Include if buyer's purchase is contingent on obtaining mortgage financing
2. Property Management Handover: Include if property is currently tenanted or managed by third party
3. Service Charge Settlement: Include for properties in managed communities with service charges
4. Foreign Ownership Compliance: Include if buyer is non-UAE national to ensure compliance with ownership restrictions
5. Broker Arrangements: Include if real estate brokers are involved in the transaction
6. Furniture and Fixtures: Include if specific items are included/excluded from sale
7. Post-Completion Obligations: Include if there are specific requirements after completion
8. DEWA/Utility Transfer: Include specific provisions for utility transfer procedures
1. Property Details Schedule: Detailed property specifications, plot number, size, etc.
2. Title Deed Copy: Copy of current title deed
3. Payment Schedule: Detailed breakdown of payment terms and dates
4. Property Inspection Report: Report documenting current condition of property
5. Inventory List: List of included furniture/fixtures if applicable
6. Service Charge Statement: Current statement of service charges and payment status
7. RERA Approvals: Required regulatory approvals and permits
8. Property Plans: Floor plans and location maps
Relevant legal definitions
Agreement
Applicable Laws
As Is Condition
Building
Business Day
Buyer
Completion
Completion Date
Defects
Deposit
DEWA
Disclosure Statement
Down Payment
Effective Date
Encumbrances
Escrow Account
Existing Condition
Force Majeure
Land Department
Maintenance Charges
Material Adverse Change
NOC
Parties
Payment Schedule
Permitted Use
Property
Purchase Price
RERA
Registration Fees
Sale and Purchase
Seller
Service Charges
Title Deed
Transfer Date
Unit
Utilities
Applicable Laws
As Is Condition
Building
Business Day
Buyer
Completion
Completion Date
Defects
Deposit
DEWA
Disclosure Statement
Down Payment
Effective Date
Encumbrances
Escrow Account
Existing Condition
Force Majeure
Land Department
Maintenance Charges
Material Adverse Change
NOC
Parties
Payment Schedule
Permitted Use
Property
Purchase Price
RERA
Registration Fees
Sale and Purchase
Seller
Service Charges
Title Deed
Transfer Date
Unit
Utilities
Clauses
Property Description
Purchase Price
Payment Terms
As Is Condition
Property Inspection
Seller Representations
Buyer Acknowledgments
Title Transfer
Registration Requirements
Deposit
Due Diligence
Completion
Default
Risk and Insurance
Property Handover
Warranties and Representations
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Costs and Fees
Service Charges
Utilities Transfer
Foreign Ownership
Regulatory Compliance
Broker Commission
Termination
Purchase Price
Payment Terms
As Is Condition
Property Inspection
Seller Representations
Buyer Acknowledgments
Title Transfer
Registration Requirements
Deposit
Due Diligence
Completion
Default
Risk and Insurance
Property Handover
Warranties and Representations
Force Majeure
Notices
Assignment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Costs and Fees
Service Charges
Utilities Transfer
Foreign Ownership
Regulatory Compliance
Broker Commission
Termination
Relevant Industries
Real Estate
Legal Services
Banking & Finance
Property Development
Property Management
Construction
Insurance
Professional Services
Property Investment
Residential Housing
Relevant Teams
Legal
Real Estate
Compliance
Sales
Property Management
Contract Administration
Risk Management
Operations
Finance
Customer Relations
Relevant Roles
Real Estate Lawyer
Property Manager
Real Estate Agent
Legal Counsel
Compliance Officer
Property Developer
Sales Manager
Contract Manager
Real Estate Investment Manager
Property Valuation Specialist
Transaction Manager
Mortgage Advisor
Real Estate Operations Director
Property Registration Officer
Real Estate Portfolio Manager
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