Real Estate Buyers Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Buyers Contract

"I need a Real Estate Buyers Contract for a 3-bedroom apartment in Dubai Marina, with completion scheduled for March 2025, including mortgage financing provisions and developer warranty clauses as it's a new property."

Document background

The Real Estate Buyers Contract is a fundamental legal document used in the United Arab Emirates for property purchase transactions. This contract type is essential for documenting the sale and purchase of real estate properties, whether residential, commercial, or mixed-use, in compliance with UAE federal laws and local emirate regulations. It includes mandatory provisions required by the UAE Civil Code and specific requirements from regulatory bodies such as the Dubai Land Department (for Dubai properties). The document covers crucial elements including property details, payment terms, registration requirements, and completion procedures, while ensuring adherence to local property ownership laws and foreign ownership restrictions where applicable. This contract is typically required for property registration and transfer of ownership in the UAE's real estate market.

Suggested Sections

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, brief description of the property, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including technical and legal terms specific to UAE real estate

4. Property Details: Comprehensive description of the property including location, size, registration details, and RERA property identification number

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

6. Payment Terms: Detailed breakdown of payment installments, due dates, and acceptable payment methods

7. Registration and Transfer: Process and requirements for property registration with the Dubai Land Department or relevant authority

8. Seller's Obligations: Responsibilities of the seller including property transfer, documentation, and warranties

9. Buyer's Obligations: Responsibilities of the buyer including payments, due diligence, and compliance with regulations

10. Completion and Handover: Conditions for completion, handover process, and transfer of possession

11. Default and Remedies: Consequences of default by either party and available remedies under UAE law

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

Optional Sections

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

2. Property Management: Include for properties within managed communities, detailing service charges and management obligations

3. Defect Liability: Include for new properties, specifying warranty period and defect remedy process

4. Tenant Rights: Include if property is currently tenanted, addressing existing lease agreements

5. Furniture and Fixtures: Include if sale includes furniture or specific fixtures, with detailed inventory

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

7. Force Majeure: Include specific force majeure provisions relevant to UAE real estate market

8. Escrow Arrangements: Include when using escrow services for payment protection

Suggested Schedules

1. Schedule 1 - Property Details: Detailed technical description, floor plans, and area calculations

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 - Property Condition Report: Current condition assessment and photographs

5. Schedule 5 - Service Charge Schedule: Details of applicable service charges and management fees

6. Appendix A - Required Documents: List of documents required for transfer from both parties

7. Appendix B - Handover Protocol: Detailed procedure for property inspection and handover

8. Appendix C - Developer Specifications: For new properties, detailed specifications and finishing schedule

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Construction

Legal Services

Banking & Finance

Property Development

Property Management

Construction & Development

Professional Services

Investment & Asset Management

Relevant Teams

Legal

Real Estate Operations

Sales

Compliance

Property Management

Transaction Management

Documentation

Due Diligence

Investment

Client Relations

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Contract Manager

Property Manager

Real Estate Development Manager

Compliance Officer

Real Estate Investment Manager

Sales Director

Property Consultant

Transaction Manager

Real Estate Operations Manager

Due Diligence Officer

Documentation Specialist

Real Estate Portfolio Manager

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Agreement Of Sale Of Immovable Property

UAE property sale agreement template compliant with UAE Civil Code and emirate-specific property laws, governing the transfer of immovable property.

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Let's create your Real Estate Buyers Contract

Authors

Alex Denne

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