The Real Estate Sales Contract For Sale By Owner is a crucial legal instrument used in the UAE for direct property transactions where owners choose to sell their property without broker involvement. This document is designed to comply with UAE Federal Law No. 5 of 1985 (Civil Code) and various Emirates' property laws, particularly focusing on Dubai and Abu Dhabi regulations. It serves as a comprehensive agreement capturing all essential elements of the property sale, including detailed property description, payment terms, warranties, and transfer procedures. The contract is particularly relevant in cases where property owners wish to maintain direct control over the sales process while ensuring full legal compliance with UAE property registration requirements and transfer procedures. It includes specific provisions required by the UAE Land Department for property registration and provides a framework for both parties to understand their rights and obligations throughout the transaction process.
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1. Parties: Identification of seller and buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the sale, including property ownership history and current status
3. Definitions: Key terms used throughout the agreement, including property-specific terminology and legal terms
4. Property Details: Comprehensive description of the property including title deed number, property size, location, and registration details as per UAE Land Department requirements
5. Purchase Price: Agreed purchase price, payment terms, deposit requirements, and payment schedule in compliance with UAE regulations
6. Payment Terms: Detailed breakdown of payment structure, including deposit, installments, and final payment requirements
7. Completion: Procedures and requirements for completing the sale, including registration with relevant authorities
8. Seller's Warranties: Seller's representations regarding property ownership, absence of disputes, and compliance with regulations
9. Buyer's Warranties: Buyer's representations regarding financial capacity and compliance with UAE property ownership laws
10. Property Handover: Terms and conditions for physical handover of the property, including timing and inspection requirements
11. Registration and Transfer: Process and requirements for property registration with the UAE Land Department
12. Costs and Fees: Allocation of transaction costs, registration fees, and other associated expenses
13. Governing Law: Specification of UAE law as governing law and relevant jurisdiction
14. Notices: Process for formal communications between parties
15. Entire Agreement: Confirmation that the contract represents the complete agreement between parties
1. Condition of Property: Detailed description of property condition, used when selling property as-is or with specific condition notes
2. Mortgage Requirements: Include when buyer is obtaining mortgage financing, specifying conditions and requirements
3. Foreign Ownership: Required when buyer is a foreign national, addressing specific requirements and restrictions
4. Property Management: Include when property is part of a managed community, specifying service charges and obligations
5. Existing Tenancy: Used when property is sold with existing tenants, specifying treatment of lease agreements
6. Furniture and Fixtures: Include when sale includes furniture or specific fixtures, with detailed inventory
7. Development Completion: Required for off-plan properties or properties under construction
8. Defect Liability: Include when specific warranties about property condition are being provided
9. Power of Attorney: Include when any party is acting through a legal representative
1. Property Title Deed: Copy of official property title deed and registration details
2. Property Floor Plan: Detailed floor plan and property layout drawings
3. Payment Schedule: Detailed breakdown of payment installments and due dates
4. Property Photographs: Recent photographs documenting property condition
5. Inventory List: Detailed list of included furniture and fixtures (if applicable)
6. Service Charge Statement: Current statement of service charges and maintenance fees
7. NOC Documents: Relevant No Objection Certificates from authorities or developers
8. Property Inspection Report: Third-party property inspection findings and condition assessment
9. Building Permits: Copies of relevant building permits and completion certificates
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