Deed Of Sale With Transfer Of Rights Template for the United Arab Emirates
Generate a bespoke document
What is a Deed Of Sale With Transfer Of Rights?
The Deed Of Sale With Transfer Of Rights is a crucial legal instrument in the United Arab Emirates used to document and execute the sale of assets or property along with the transfer of associated rights. This document is essential when conducting property transactions, business asset sales, or rights transfers that require formal documentation under UAE law. It combines elements of a traditional sale deed with specific provisions for the transfer of ancillary rights, making it particularly valuable for complex transactions. The document must comply with UAE Civil Code (Federal Law No. 5 of 1985) and relevant emirate-specific regulations, particularly regarding property registration and transfer procedures. It is commonly used in both commercial and private transactions, requiring notarization and registration with appropriate authorities to ensure legal validity and enforceability within the UAE jurisdiction.
About the Deed Of Sale With Transfer Of Rights
A Deed Of Sale With Transfer Of Rights is a comprehensive legal document that facilitates the sale of property or assets in the United Arab Emirates while simultaneously transferring all associated legal rights from the seller to the buyer. This specialized instrument goes beyond a standard sale agreement by explicitly addressing the transfer of ancillary rights, licenses, permits, or other legal entitlements connected to the property or asset being sold.
When do you need this document?
You need this deed when selling commercial properties that include business licenses, transferring rental properties with existing tenant agreements, or selling businesses with associated intellectual property rights. It's particularly important for transactions involving properties with development rights, mining concessions, or agricultural land with water rights. Real estate investors often use this document when selling properties that come with management agreements, maintenance contracts, or exclusive usage rights that must be transferred to maintain the property's value and operational continuity.
Key legal considerations
The deed must clearly identify all rights being transferred, including any limitations or restrictions on those rights. You should ensure that the seller has legal authority to transfer all specified rights and that no third-party consents are required for the transfer. The consideration clause should reflect the total value of both the property and rights being transferred, as this affects registration fees and tax obligations. Include specific warranties from the seller regarding the validity and enforceability of the rights being transferred, and establish clear procedures for handling any disputes over rights ownership that may arise after completion.
Legal requirements in United Arab Emirates
Under UAE Civil Code (Federal Law No. 5 of 1985), the deed must be executed before a notary public and registered with the relevant property registration authority in the applicable emirate. Dubai transactions require compliance with Law No. 7 of 2006 concerning land registration, while other emirates have specific registration procedures. The document must include precise descriptions of the property and all rights being transferred, with supporting documentation such as title deeds, license certificates, and rights registrations. Both parties must provide valid Emirates ID or passport identification, and corporate entities must submit current trade license copies and board resolutions authorizing the transaction. Registration fees typically range from 2-4% of the transaction value, and the deed must be translated into Arabic if originally drafted in another language.
GOVERNING LAW
Applicable law
This Deed Of Sale With Transfer Of Rights is drafted to comply with United Arab Emirates law. Key legislation includes:
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Governs commercial sales and business transactions, including transfer of commercial rights and obligations.
Property Registration Law: Regulates the registration of property transfers and rights in the UAE, including procedures for documenting ownership changes.
UAE Federal Law No. 17 of 2004: Addresses commercial concealment and ownership regulations, particularly relevant for property rights transfer.
Law No. 7 of 2006 (Dubai): Concerning land registration in Dubai, detailing requirements for property sale registration and transfer of rights.
Federal Law No. 4 of 2020: Securing Rights in Movable Property, relevant when the sale involves movable assets with associated rights.
Electronic Transactions and Commerce Law (Federal Law No. 1 of 2006): Relevant if any part of the transaction or documentation is conducted electronically.
Explore 208,390+ legal templates
Explore 208,390+ legal templates
Genie's Security Promise
Genie is the safest place to draft. Here's how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie's AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it