The Real Estate Purchase Contract is a fundamental legal document used in the United Arab Emirates for property transactions, essential for both residential and commercial property transfers. It must comply with UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific property regulations, particularly in Dubai and Abu Dhabi. This contract type is required for any property purchase transaction in the UAE and must be registered with the relevant Land Department. It includes crucial elements such as property details, payment terms, conditions precedent, completion requirements, and specific provisions addressing UAE property ownership rules. The document serves as the primary agreement governing the rights and obligations of both parties in a property transaction, ensuring legal protection and regulatory compliance within the UAE's real estate framework.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
Alternatively...
1. Parties: Identification of seller and purchaser with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the transaction, including brief property description and parties' intentions
3. Definitions: Key terms used throughout the agreement, including UAE-specific legal and real estate terminology
4. Property Details: Comprehensive description of the property including title deed number, plot number, property size, location, and any registered encumbrances
5. Purchase Price: Total consideration, payment schedule, and method of payment in compliance with UAE regulations
6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and final payment conditions
7. Conditions Precedent: Conditions that must be satisfied before completion, including No Objection Certificates (NOC) and regulatory approvals
8. Completion: Process and requirements for transfer of ownership, including registration at the relevant Land Department
9. Seller's Obligations: Responsibilities of the seller including document provision and property maintenance until completion
10. Purchaser's Obligations: Responsibilities of the purchaser including payment obligations and due diligence requirements
11. Warranties and Representations: Standard and property-specific warranties from both parties
12. Default and Termination: Consequences of breach and termination rights under UAE law
13. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate's courts' jurisdiction
1. Mortgage Arrangements: Include when purchaser is obtaining mortgage financing, detailing bank requirements and conditions
2. Property Management: Include for properties within managed communities, detailing service charges and responsibilities
3. Tenancy Provisions: Include when property is currently tenanted, addressing existing lease agreements
4. Off-Plan Provisions: Include for off-plan properties, detailing construction completion, handover conditions, and developer obligations
5. Escrow Arrangements: Include when using escrow services for payment security
6. Foreign Ownership: Include when purchaser is non-UAE national, addressing specific requirements and restrictions
7. Power of Attorney: Include when any party is acting through an attorney, requiring POA documentation
1. Property Schedule: Detailed property specifications, floor plans, and boundary details
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of title deed and other ownership documents
4. Property Condition Report: Current condition of property and any included fixtures and fittings
5. Due Diligence Documents: List of required documents including NOCs, service charge statements, and maintenance records
6. Handover Protocol: Detailed procedure for physical handover of the property
7. Required Approvals: List of necessary governmental and regulatory approvals
Authors
Find the document you need
No items found.
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your data is private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
