Property Contract for United Arab Emirates

Property Contract Template for United Arab Emirates

A comprehensive legal document governed by UAE law that facilitates the transfer of real estate property ownership between parties. This contract adheres to the requirements set forth in the UAE Civil Code and relevant emirate-specific property laws, particularly those of Dubai and Abu Dhabi. It includes detailed provisions for property description, purchase price, payment terms, warranties, and completion requirements, while ensuring compliance with local land department regulations and registration procedures. The document incorporates specific UAE legal requirements such as Emirates ID/passport details for identification and mandatory registration processes with relevant authorities.

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What is a Property Contract?

The Property Contract serves as the primary legal instrument for real estate transactions in the United Arab Emirates, designed to comply with both federal laws and emirate-specific regulations. This document is essential for any transfer of property ownership within the UAE, whether for residential, commercial, or mixed-use properties. It incorporates mandatory requirements from the UAE Civil Code, relevant property laws, and specific regulations from individual emirates' land departments. The contract must address key elements including proper party identification, property details, payment terms, and registration requirements. It is particularly important to note that all Property Contracts in the UAE must be registered with the relevant land department to be legally valid and enforceable. The document is structured to accommodate various transaction types, from straightforward property transfers to more complex developments involving multiple parties.

What sections should be included in a Property Contract?

1. Parties: Identification of all parties including full legal names, Emirates ID numbers for UAE residents, passport numbers for non-residents, and registered addresses

2. Background: Context of the transaction, brief description of the property, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including property-specific terminology

4. Property Details: Comprehensive description of the property including location, size, boundaries, and registration details as per UAE land department requirements

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

6. Payment Terms: Specific terms regarding payment installments, deposit requirements, and consequences of default

7. Completion: Requirements and process for completion of the sale, including registration with relevant authorities

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

9. Buyer's Obligations: Obligations including payment, due diligence, and compliance with registration requirements

10. Title and Registration: Provisions regarding transfer of title and registration with the relevant land department

11. Default and Termination: Consequences of default and circumstances under which the agreement may be terminated

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

13. Notices: Process for serving notices and communications between parties

What sections are optional to include in a Property Contract?

1. Condition of Property: Detailed provisions about the property's condition, to be included for existing properties rather than off-plan sales

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

3. Developer Obligations: Include for off-plan properties, detailing developer's commitments and construction timeline

4. Service Charges: Include for properties in managed communities or buildings, detailing service charge obligations

5. Handover Procedures: Include for newly constructed properties, detailing the process and requirements for handover

6. Property Management: Include when the agreement includes ongoing management services

7. Escrow Arrangements: Include when payment is handled through escrow, particularly for off-plan properties

8. Defect Liability: Include for new properties to specify warranty periods and defect remediation processes

What schedules should be included in a Property Contract?

1. Property Description Schedule: Detailed technical description of the property including floor plans, area calculations, and specifications

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

3. Title Documents: Copies of relevant title documents and certificates from the land department

4. Due Diligence Documents: List of documents provided for buyer's due diligence

5. Handover Checklist: Detailed list of items to be checked and confirmed during property handover

6. Service Charge Schedule: Breakdown of applicable service charges and payment terms

7. Property Photographs: Current photographs of the property (for existing properties)

8. Developer Specifications: Detailed specifications and finishing schedule (for new or off-plan properties)

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

Agreement Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Construction

Banking & Finance

Property Development

Hospitality

Retail

Commercial Property

Residential Property

Legal Services

Property Management

Investment & Asset Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Investment

Operations

Risk Management

Commercial

Contracts Administration

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Contract Manager

Real Estate Development Manager

Investment Manager

Asset Manager

Property Consultant

Real Estate Transaction Specialist

Legal Director

Chief Legal Officer

Real Estate Partner

Conveyancing Lawyer

Property Rights Specialist

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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