The Preliminary Sale Contract is a fundamental document in UAE property transactions, used when parties have agreed in principle to a property sale but need to formalize the terms before proceeding to final completion. This document is particularly important in the UAE real estate market where property transactions are heavily regulated and require specific documentation at various stages. The contract typically precedes the final sale agreement and includes essential details such as property specifications, payment terms, conditions precedent, and completion timelines. It must comply with UAE Civil Code requirements and any additional regulations specific to the relevant emirate (such as Dubai Land Department requirements for Dubai properties). The document serves as a legally binding commitment while allowing time for due diligence, mortgage arrangements, and other necessary preparations before the final transfer of ownership.
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1. Parties: Identification of the seller and purchaser with full legal names, Emirates ID numbers, and contact details
2. Background: Context of the transaction and intention to enter into a preliminary sale agreement
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, and other relevant definitions
4. Property Details: Comprehensive description of the property including location, size, and registration details
5. Purchase Price: Agreed purchase price and payment structure including deposit requirements
6. Payment Terms: Detailed schedule of payments, payment methods, and consequences of default
7. Conditions Precedent: Conditions that must be satisfied before proceeding to final sale
8. Due Diligence Period: Timeframe and scope for buyer's due diligence investigations
9. Completion Timeline: Expected timeline for completion of the final sale agreement
10. Representations and Warranties: Standard representations by both parties regarding capacity and authority
11. Default and Termination: Consequences of breach and circumstances allowing termination
12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Property Management: Required for properties in managed communities or buildings with service charges
2. Mortgage Arrangements: Include when buyer requires mortgage financing
3. Developer Approval: Necessary for off-plan properties or when developer consent is required
4. Tenant Rights: Include if property is currently tenanted
5. Commission Structure: Include if real estate agents are involved
6. VAT Provisions: Required for commercial properties or when VAT is applicable
7. Force Majeure: Optional protection against unforeseen circumstances
8. Confidentiality: When parties require specific confidentiality provisions
1. Property Details Schedule: Detailed technical description of property including floor plans and specifications
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Due Diligence Requirements: List of documents and verifications required during due diligence
4. Form of Final Sale Agreement: Draft or key terms of the final sale agreement to be executed
5. Property Title Documents: Copies of relevant title documents and certificates
6. Required Approvals: List of necessary governmental and regulatory approvals
7. Condition Report: Current condition of the property if relevant to the sale
Relevant legal definitions
Agreement
Applicable Laws
Business Day
Completion
Completion Date
Conditions Precedent
Confidential Information
Deposit
Down Payment
Due Diligence Period
Effective Date
Encumbrance
Final Sale Agreement
Force Majeure Event
Governing Law
Land Department
Long Stop Date
Material Adverse Change
Mortgage
NOC
Party/Parties
Payment Schedule
Permits
Property
Property Documents
Purchase Price
RERA
Seller's Warranties
Service Charges
Term
Title Deed
Transaction Documents
Transfer Date
UAE
UAE Dirhams
Utility Services
Applicable Laws
Business Day
Completion
Completion Date
Conditions Precedent
Confidential Information
Deposit
Down Payment
Due Diligence Period
Effective Date
Encumbrance
Final Sale Agreement
Force Majeure Event
Governing Law
Land Department
Long Stop Date
Material Adverse Change
Mortgage
NOC
Party/Parties
Payment Schedule
Permits
Property
Property Documents
Purchase Price
RERA
Seller's Warranties
Service Charges
Term
Title Deed
Transaction Documents
Transfer Date
UAE
UAE Dirhams
Utility Services
Clauses
Property Description
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Deposit
Warranties and Representations
Title and Ownership
Property Inspection
Completion
Default
Termination
Force Majeure
Assignment
Confidentiality
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Further Assurance
Costs and Expenses
Property Registration
Regulatory Compliance
Service Charges
Utilities
Insurance
VAT and Taxation
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Deposit
Warranties and Representations
Title and Ownership
Property Inspection
Completion
Default
Termination
Force Majeure
Assignment
Confidentiality
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Further Assurance
Costs and Expenses
Property Registration
Regulatory Compliance
Service Charges
Utilities
Insurance
VAT and Taxation
Relevant Industries
Real Estate
Property Development
Construction
Banking & Finance
Legal Services
Hospitality
Retail
Industrial & Manufacturing
Commercial Property
Residential Property
Relevant Teams
Legal
Real Estate
Compliance
Sales
Property Management
Business Development
Risk Management
Operations
Finance
Documentation
Relevant Roles
Real Estate Manager
Property Lawyer
Legal Counsel
Contract Manager
Property Developer
Real Estate Agent
Compliance Officer
Property Sales Manager
Transaction Manager
Real Estate Director
Chief Legal Officer
Property Portfolio Manager
Sales Director
Business Development Manager
Real Estate Investment Manager
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