The Commercial Property Sale Agreement is a vital legal instrument used in the United Arab Emirates for transferring ownership of commercial real estate assets. This document is essential for any business entity or individual engaging in commercial property transactions within the UAE, whether for investment, business operations, or development purposes. The agreement must comply with UAE federal laws, including the Civil Code and Commercial Transactions Law, as well as specific emirate-level property regulations. It encompasses crucial elements such as property details, payment terms, warranties, and completion requirements, while addressing unique aspects of UAE property law such as registration procedures and required governmental approvals. The document is particularly important given the UAE's dynamic real estate market and its specific legal requirements for property ownership and transfer.

1. Parties: Identification of the Seller and Buyer, including full legal names, registration details for companies, and address details

2. Background: Context of the sale, brief description of the property, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Details: Comprehensive description of the property including location, size, registration details, and any included fixtures and fittings

5. Purchase Price: The agreed purchase price and payment structure, including deposit arrangements

6. Payment Terms: Detailed payment schedule, method of payment, and consequences of payment default

7. Completion: Requirements and procedures for completion, including timing and location

8. Title and Registration: Provisions regarding transfer of title and registration requirements as per UAE law

9. Seller's Warranties: Warranties regarding ownership, authority to sell, and property condition

10. Buyer's Warranties: Warranties regarding authority to purchase and financial capacity

11. Condition of Property: State of the property at transfer and any agreed repairs or modifications

12. Pre-Completion Obligations: Obligations of both parties before completion, including obtaining necessary approvals

13. Post-Completion Obligations: Obligations after completion, including registration requirements and handover procedures

14. Default and Termination: Consequences of default and circumstances allowing termination

15. Notices: Process for serving notices between parties

16. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes