Land Purchase Agreement for United Arab Emirates

Land Purchase Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the transfer of land ownership from a seller to a buyer. This agreement outlines the terms and conditions of the land sale, including property details, purchase price, payment terms, warranties, and completion requirements. It incorporates specific UAE regulatory requirements, particularly those from the relevant emirate's land department, and addresses crucial aspects such as title transfer procedures, registration requirements, and compliance with local property ownership laws. The agreement ensures both parties' interests are protected while meeting all UAE legal and regulatory obligations for property transactions.

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What is a Land Purchase Agreement?

The Land Purchase Agreement is a crucial legal document used in the United Arab Emirates for transferring land ownership from one party to another. It is essential for any land transaction in the UAE and must comply with both federal laws and specific emirate-level regulations. This document is particularly important given the UAE's unique property ownership rules, including restrictions on foreign ownership in certain areas and specific registration requirements with local land departments. The agreement typically includes comprehensive details about the property, parties involved, payment terms, warranties, and completion requirements. It serves as the primary document for land transactions and forms the basis for subsequent registration with the relevant land department. The agreement must be carefully drafted to ensure compliance with UAE Civil Code requirements and local property laws, making it a fundamental instrument in UAE real estate transactions.

What sections should be included in a Land Purchase Agreement?

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

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

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

4. Sale and Purchase: Core agreement to sell and purchase the property, including the basic terms

5. Purchase Price: Detailed breakdown of the purchase price and payment terms, including deposit arrangements

6. Property Details: Comprehensive description of the property, including all included fixtures and fittings

7. Conditions Precedent: Conditions that must be satisfied before completion can occur

8. Seller's Warranties: Warranties given by the seller regarding the property's title, condition, and other matters

9. Buyer's Warranties: Warranties given by the buyer, particularly regarding funding and authority to purchase

10. Completion: Process and requirements for completion of the sale

11. Post-Completion Obligations: Actions required after completion, including registration requirements

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

What sections are optional to include in a Land Purchase Agreement?

1. Mortgage Requirements: Required if the purchase is being financed through a mortgage

2. Property Management During Transition: Needed if there's a gap between contract signing and completion

3. Tenant Provisions: Required if the property is being sold with existing tenants

4. Development Obligations: Needed for off-plan properties or properties requiring specific development work

5. Foreign Ownership Compliance: Required for foreign buyers, addressing compliance with UAE foreign ownership laws

6. Service Charge Provisions: Needed for properties in managed communities or buildings

7. VAT Provisions: Required if the transaction is subject to VAT

What schedules should be included in a Land Purchase Agreement?

1. Property Schedule: Detailed legal description of the property, including title deed details and plot numbers

2. Plan Schedule: Property plans, layouts, and location maps

3. Fixtures and Fittings Schedule: Detailed list of included and excluded items

4. Payment Schedule: Detailed breakdown of payment installments and timing

5. Title Documents: Copies of relevant title documents and certificates

6. Due Diligence Documents: List of all due diligence documents provided by the seller

7. Form of Transfer: Template transfer documents required by the relevant land department

8. Handover Protocol: Detailed procedure for physical handover of 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

Construction

Property Development

Banking & Finance

Legal Services

Investment & Asset Management

Hospitality

Retail

Industrial & Manufacturing

Agriculture

Relevant Teams

Legal

Real Estate

Compliance

Finance

Investment

Property Management

Business Development

Risk Management

Operations

Documentation

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Valuation Specialist

Investment Manager

Development Director

Land Registration Officer

Transaction Manager

Real Estate Investment Analyst

Property Portfolio Manager

Chief Investment Officer

Real Estate Finance Manager

Business Development 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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