Installment Land Sale Contract for United Arab Emirates

Installment Land Sale Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that facilitates the sale and purchase of real estate property through structured installment payments. The document outlines the terms and conditions of the sale, including payment schedule, property specifications, and transfer conditions, while ensuring compliance with UAE federal laws and relevant emirate-specific regulations. It includes provisions for property registration, default scenarios, and completion requirements, incorporating specific requirements from UAE Civil Code and local property laws.

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What is a Installment Land Sale Contract?

The Installment Land Sale Contract is a specialized agreement used in the United Arab Emirates for property transactions where the purchase price is paid in multiple installments over time, rather than as a single payment. This document is particularly relevant in the UAE's dynamic real estate market, where structured payment plans are common for both commercial and residential properties. It must comply with UAE federal laws, including the Civil Code and Property Law, as well as specific emirate-level regulations. The contract typically includes detailed provisions for payment schedules, property registration, default remedies, and completion requirements, while protecting both buyer and seller interests throughout the installment period. It's commonly used by developers, property investors, and individual buyers, particularly in Dubai and Abu Dhabi's real estate markets.

What sections should be included in a Installment Land Sale Contract?

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

2. Background: Context of the transaction, brief description of the property, and intention to sell/purchase through installments

3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation

4. Sale and Purchase: Core agreement to sell and purchase the property, including precise property details and consideration

5. Purchase Price and Payment Terms: Total purchase price, installment schedule, payment methods, and consequences of default

6. Property Details and Condition: Detailed description of the property, its current condition, and any included/excluded items

7. Title and Registration: Seller's warranty of title, registration requirements, and process for title transfer

8. Completion and Handover: Conditions for completion, handover process, and documentation requirements

9. Seller's Obligations: Comprehensive list of seller's commitments and responsibilities

10. Buyer's Obligations: Comprehensive list of buyer's commitments and responsibilities

11. Default and Remedies: Consequences of default by either party and available remedies

12. Risk and Insurance: Allocation of risk and insurance requirements during the installment period

13. Representations and Warranties: Standard and specific warranties from both parties

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

15. Notices: Process and requirements for formal communications between parties

16. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

What sections are optional to include in a Installment Land Sale Contract?

1. Property Management During Installment Period: Used when specific arrangements are needed for property management before final payment

2. Third-Party Rights: Include when there are existing tenants or other third-party interests in the property

3. Development Obligations: Required for properties under construction or requiring development

4. Mortgage and Financing: Include when buyer is obtaining mortgage financing for installments

5. Environmental Matters: Necessary for industrial or potentially contaminated properties

6. Property Service Charges: Include for properties in managed communities or buildings

7. Early Payment Provisions: Optional terms for early payment of installments and any applicable discounts

What schedules should be included in a Installment Land Sale Contract?

1. Schedule 1 - Property Description: Detailed technical description of the property including plot number, size, location coordinates

2. Schedule 2 - Payment Schedule: Detailed breakdown of installment amounts and due dates

3. Schedule 3 - Property Title Documents: Copies of title deed and other ownership documents

4. Schedule 4 - Property Plans: Floor plans, site plans, and other relevant drawings

5. Schedule 5 - Handover Specifications: Detailed list of conditions for property handover

6. Schedule 6 - Permitted Use: Specifications of allowed property usage under local regulations

7. Appendix A - Form of Transfer Deed: Template for the final transfer deed to be used upon completion

8. Appendix B - Required Registrations: List of necessary registrations and procedures with relevant authorities

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 Contract

Sector

Sales

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Construction

Property Development

Banking & Finance

Investment

Hospitality

Retail

Industrial

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Finance

Sales

Business Development

Property Management

Project Management

Risk Management

Operations

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Contracts Manager

Real Estate Agent

Property Manager

Investment Manager

Compliance Officer

Business Development Manager

Chief Financial Officer

Real Estate Director

Sales Manager

Land Registration Officer

Project 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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