Home Selling Contract for United Arab Emirates

Home Selling Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that facilitates the transfer of residential property ownership from seller to buyer. This document complies with UAE federal laws and emirate-specific regulations, incorporating all necessary elements required by the UAE Real Estate Regulatory Agency (RERA) and relevant Land Departments. It details the property specifications, purchase price, payment terms, conditions precedent, warranties, and the complete transfer process, while ensuring compliance with local property ownership laws and registration requirements. The contract includes provisions for both UAE nationals and foreign buyers, addressing specific regulatory requirements and restrictions applicable to each category.

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What is a Home Selling Contract?

The Home Selling Contract is a fundamental legal document used in the United Arab Emirates for residential property transactions. It serves as the primary agreement governing the sale and transfer of residential property ownership, ensuring compliance with UAE federal laws and emirate-specific regulations. This document is essential when transferring property ownership in the UAE, whether between UAE nationals or involving foreign buyers. The contract must incorporate specific requirements from the Real Estate Regulatory Agency (RERA), relevant Land Departments, and other regulatory authorities. It includes detailed provisions for property description, payment terms, warranties, and transfer procedures, while addressing unique aspects of UAE property law such as foreign ownership restrictions, registration requirements, and mandatory approvals. The agreement is structured to protect both parties' interests while ensuring smooth transaction completion within the UAE legal framework.

What sections should be included in a Home Selling Contract?

1. Parties: Identification of the seller and buyer with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context of the sale and confirmation of the seller's ownership rights

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, etc.

4. Property Details: Comprehensive description of the property including address, plot number, size, and registration details as per UAE land department records

5. Purchase Price and Payment Terms: Detailed breakdown of the purchase price, payment schedule, and method of payment including escrow arrangements

6. Conditions Precedent: Prerequisites that must be fulfilled before the sale can proceed

7. Seller's Representations and Warranties: Seller's confirmations regarding property ownership, absence of disputes, and compliance with laws

8. Buyer's Representations and Warranties: Buyer's confirmations regarding financial capacity and compliance with UAE property ownership laws

9. Completion Process: Step-by-step process for property transfer, including registration requirements and handover procedures

10. Property Condition and Inspection: Statement on property condition and buyer's acceptance

11. Title and Ownership Transfer: Process and requirements for transferring property title at the relevant land department

12. Fees and Expenses: Allocation of registration fees, transfer fees, and other transaction costs

13. Default and Termination: Consequences of breach and conditions for contract termination

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

15. Notices: Process for formal communications between parties

16. General Provisions: Standard legal provisions including entire agreement, amendments, and severability

What sections are optional to include in a Home Selling Contract?

1. Mortgage Provisions: Required if the property has an existing mortgage or if buyer is obtaining mortgage financing

2. Foreign Ownership Compliance: Required for non-UAE national buyers, detailing compliance with foreign ownership restrictions

3. Property Management Handover: Required for properties in managed communities, dealing with service charges and community rules

4. Furniture and Fixtures: Required if sale includes furniture or specific fixtures, with detailed inventory

5. Developer Approval: Required for off-plan properties or where developer approval is needed for transfer

6. Tenant Rights: Required if property is currently tenanted, addressing existing lease agreements

7. Condition Precedent for NOC: Required when No Objection Certificates are needed from various authorities

8. Broker Provisions: Required if real estate brokers are involved in the transaction

What schedules should be included in a Home Selling Contract?

1. Property Details Schedule: Detailed technical description of the property including floor plans and boundaries

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Title Documents: Copies of property ownership documents and title deed

4. Property Inspection Report: Technical report on property condition and any defects

5. Inventory List: If applicable, detailed list of included furniture and fixtures

6. Required Approvals: List of necessary NOCs and regulatory approvals

7. Service Charge Statement: Current status of service charges and maintenance fees

8. Property Photos: Documentary photographs of property condition at time of sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Legal Services

Banking & Finance

Property Development

Construction

Insurance

Property Management

Consulting Services

Government & Regulatory

Relevant Teams

Legal

Real Estate

Compliance

Sales

Property Management

Risk & Governance

Business Development

Customer Relations

Documentation

Finance

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Compliance Officer

Real Estate Director

Sales Manager

Contract Manager

Transaction Coordinator

Property Consultant

Mortgage Advisor

Real Estate Partner

Conveyancing Manager

Business Development Manager

Risk Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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