A Letter Of Intent To Buy Land is a crucial preliminary document in UAE real estate transactions, serving as a formal expression of interest between parties before entering into a binding sale agreement. This document is typically used when serious negotiations are commencing but before detailed due diligence begins. It outlines key commercial terms including property details, proposed purchase price, timeline, and any exclusivity periods. While generally non-binding in nature, it may contain certain binding provisions such as confidentiality and exclusivity clauses. The document must comply with UAE property laws and regulations, including specific requirements for foreign ownership in designated areas and local registration requirements. It's particularly important in complex commercial transactions where parties need to document their preliminary understanding while maintaining flexibility for detailed negotiations.

1. Parties: Full legal names and details of the intended buyer and seller, including their registered addresses and any registration numbers

2. Date: The effective date of the Letter of Intent

3. Property Details: Clear identification of the subject property, including plot number, size, location, and any relevant title details

4. Purchase Price: Proposed purchase price and any relevant payment terms or conditions

5. Timeline: Proposed timeline for due diligence, negotiations, and completion of the transaction

6. Exclusivity Period: Period during which the seller agrees not to negotiate with other potential buyers

7. Due Diligence: Overview of the buyer's right to conduct due diligence and the seller's obligations to provide necessary documentation

8. Confidentiality: Terms regarding the confidential treatment of information exchanged

9. Non-Binding Nature: Clear statement that the LOI is non-binding except for specific clauses (such as confidentiality and exclusivity)

10. Governing Law: Specification that UAE law governs the Letter of Intent

11. Signature Block: Space for authorized signatures from both parties