Purchase Agreement For House for United Arab Emirates

Purchase Agreement For House Template for United Arab Emirates

A comprehensive legal document governed by UAE law that facilitates the transfer of residential property ownership from seller to buyer. This agreement outlines all essential aspects of the property transaction including purchase price, payment terms, property details, and conditions for completion, while ensuring compliance with UAE federal and emirate-specific real estate regulations. It incorporates necessary provisions for property registration with relevant land departments, addresses foreign ownership considerations where applicable, and includes specific requirements for property transfer in UAE's designated freehold areas.

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What is a Purchase Agreement For House?

The Purchase Agreement For House Template is a standardized legal document designed for use in the United Arab Emirates real estate market. It serves as a comprehensive framework for residential property transactions, ensuring compliance with UAE federal laws and emirate-specific regulations. This template is particularly valuable for property transactions in freehold areas where both UAE nationals and expatriates can purchase property. The agreement incorporates essential elements required by UAE land departments, including detailed property descriptions, payment terms, completion requirements, and necessary approvals. It addresses specific UAE market considerations such as property registration procedures, foreign ownership restrictions, and anti-money laundering requirements. The template is structured to accommodate various transaction scenarios, including off-plan purchases, ready properties, and mortgaged properties, while maintaining alignment with UAE Civil Code requirements and real estate regulations.

What sections should be included in a Purchase Agreement For House?

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the sale, confirmation of Seller's ownership, and property market status

3. Definitions: Definitions of key terms used throughout the agreement, including specific UAE real estate terminology

4. Property Description: Detailed description of the property including title deed number, plot number, property size, location, and registration details as per UAE land registry requirements

5. Purchase Price: Specified purchase price in AED, payment schedule, and method of payment in compliance with UAE anti-money laundering regulations

6. Deposit: Amount, payment timing, and holding arrangements for the deposit

7. Completion Requirements: Conditions for completion, including necessary approvals from relevant authorities and registration requirements

8. Seller's Obligations: Seller's commitments including providing clear title, necessary documentation, and property handover requirements

9. Buyer's Obligations: Buyer's commitments including payment obligations, registration requirements, and due diligence responsibilities

10. Property Condition: Statement on property condition, inspection rights, and any agreed repairs or modifications

11. Title and Ownership Transfer: Process and requirements for transferring ownership through the relevant land department

12. Warranties: Seller's warranties regarding property ownership, absence of disputes, and compliance with laws

13. Default and Termination: Consequences of default by either party and termination rights

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

What sections are optional to include in a Purchase Agreement For House?

1. Mortgage Arrangements: Required when buyer is obtaining mortgage financing, detailing lender requirements and conditions

2. Property Management Handover: Needed for properties in managed communities, detailing service charge arrangements and community rules

3. Off-Plan Provisions: Required for properties purchased before completion, including construction milestones and developer obligations

4. Furniture and Fittings: Used when sale includes specific furniture or fittings, with detailed inventory

5. Tenancy Provisions: Required when property is sold with existing tenants, detailing lease terms and transition arrangements

6. Developer Approval: Needed in certain developments requiring developer approval for property transfer

7. Foreign Ownership Provisions: Required when buyer is non-UAE national, confirming eligibility and compliance with ownership restrictions

8. Agent Provisions: Required when real estate agents are involved, detailing commission arrangements

What schedules should be included in a Purchase Agreement For House?

1. Schedule 1 - Property Details: Detailed property specifications, including floor plans, plot maps, and amenities

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

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

4. Schedule 4 - Inventory List: Detailed list of included furniture, fixtures, and fittings if applicable

5. Schedule 5 - Property Inspection Report: Results of property inspection and agreed repairs if applicable

6. Schedule 6 - Service Charge Statement: Current service charge details and payment status

7. Appendix A - Required Documents Checklist: List of documents required from both parties for completion

8. Appendix B - Completion Procedure: Step-by-step process for completion and registration 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 Industries

Real Estate

Banking & Finance

Legal Services

Construction & Development

Property Management

Insurance

Professional Services

Public Sector & Government

Investment & Asset Management

Hospitality & Tourism

Relevant Teams

Legal

Real Estate

Sales

Compliance

Risk Management

Customer Relations

Property Management

Contract Administration

Business Development

Operations

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Sales Manager

Compliance Officer

Real Estate Investment Manager

Property Valuation Specialist

Mortgage Advisor

Contract Manager

Real Estate Transaction Coordinator

Property Development Manager

Risk Management Officer

Real Estate Portfolio Manager

Customer Relations 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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