House Buying Contract for United Arab Emirates

House Buying Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that documents the transfer of residential property ownership from seller to buyer. The contract complies with both federal UAE real estate laws and specific emirate-level regulations, detailing all aspects of the property transaction including property specifications, purchase price, payment terms, completion requirements, and registration procedures. It incorporates necessary provisions for property transfer in accordance with UAE property laws, including specific requirements for foreign ownership if applicable, and ensures compliance with local land department regulations.

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What is a House Buying Contract?

The House Buying Contract is a crucial legal document used in the United Arab Emirates for documenting and executing the transfer of residential property ownership. It serves as the primary agreement between property sellers and buyers, ensuring compliance with UAE federal real estate laws and specific emirate-level regulations. This contract is essential for both new and resale property transactions, incorporating all necessary elements required by UAE authorities including property details, payment structures, completion requirements, and registration procedures. The document addresses specific UAE requirements such as property registration with relevant land departments, foreign ownership restrictions where applicable, and necessary approvals from local authorities. It's designed to protect both parties' interests while ensuring the transaction meets all legal and regulatory requirements in the UAE real estate market.

What sections should be included in a House Buying Contract?

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

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Key terms used throughout the agreement, including UAE-specific legal and real estate terminology

4. Property Details: Comprehensive description of the property including location, size, registration details, and title deed number

5. Purchase Price: Agreed purchase price, payment schedule, and method of payment in compliance with UAE regulations

6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and completion payment arrangements

7. Completion Requirements: Conditions for completion, including required documentation and registration procedures with relevant authorities

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE property laws

9. Buyer's Obligations: Responsibilities of the buyer including payment obligations and registration requirements

10. Property Registration: Process and requirements for transferring property ownership through the relevant land department

11. Handover: Terms and conditions for physical handover of the property and transfer of utilities

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of relevant emirate courts

What sections are optional to include in a House Buying Contract?

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

2. Mortgage Provisions: Include when the purchase involves mortgage financing, detailing lender requirements and obligations

3. Service Charge Provisions: For properties in managed communities, detailing service charge obligations and payments

4. Off-Plan Provisions: Required for off-plan properties, including construction milestones and developer obligations

5. Free Zone Provisions: Specific terms for properties located in UAE free zones

6. Condition Report: For existing properties, detailing the current condition and any agreed repairs

7. Tenancy Provisions: Required if the property is currently tenanted, addressing existing tenancy rights

8. Furniture and Fittings: When the sale includes furniture or fittings, listing included items

What schedules should be included in a House Buying Contract?

1. Property Floor Plan: Detailed floor plan and property layout drawings

2. Title Deed: Copy of current title deed and property ownership documentation

3. Property Photographs: Current photographs of the property and any included fixtures

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

5. Due Diligence Documents: Copies of necessary permits, certificates, and compliance documents

6. Service Charge Statement: Current service charge statement and payment history

7. Inventory List: If applicable, detailed inventory of included furniture and fittings

8. Property Maintenance Records: History of maintenance and repairs for the property

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

Insurance

Construction & Development

Property Management

Professional Services

Government & Public Sector

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Risk Management

Commercial

Finance

Operations

Customer Service

Documentation

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Conveyancing Manager

Property Manager

Mortgage Advisor

Real Estate Director

Compliance Officer

Real Estate Transaction Manager

Property Consultant

Legal Director

Bank Manager

Real Estate Investment Manager

Property Development Manager

Risk Assessment Officer

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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