Simple Real Estate Sales Contract for United Arab Emirates

Simple Real Estate Sales Contract Template for United Arab Emirates

A comprehensive legal document governed by UAE law that facilitates the sale and purchase of real estate property within the United Arab Emirates. This contract outlines the essential terms and conditions of the property transaction, including property details, purchase price, payment terms, and completion requirements, while ensuring compliance with UAE federal laws and relevant emirate-specific regulations. The document incorporates necessary provisions for property registration, transfer of ownership, and adherence to local real estate authority requirements, making it suitable for both residential and commercial property transactions in the UAE market.

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What is a Simple Real Estate Sales Contract?

The Simple Real Estate Sales Contract is a fundamental legal instrument used in the United Arab Emirates for facilitating property transactions between buyers and sellers. This document is essential for any real estate transfer in the UAE, whether residential or commercial, and must comply with federal laws such as the UAE Civil Code and Property Registration Law, as well as specific emirate-level regulations. The contract typically includes crucial elements such as party identification, property details, payment terms, and completion requirements, while accommodating specific considerations for foreign ownership and mortgage arrangements where applicable. It serves as the primary agreement documenting the transfer of real estate ownership and is required for registration with relevant property authorities in the UAE.

What sections should be included in a Simple Real Estate Sales Contract?

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

2. Background: Brief context of the sale and confirmation of seller's ownership rights

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terms

4. Property Details: Comprehensive description of the property including plot number, unit number, size, location, and registration details as per UAE property registration requirements

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

6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and final payment arrangements

7. Completion Requirements: Conditions for completion, including required documentation and registration procedures with relevant authorities

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

9. Purchaser's Obligations: Purchaser's commitments including payment obligations and compliance with registration requirements

10. Warranties and Representations: Standard warranties from both parties regarding capacity to enter agreement and property condition

11. Completion Date and Possession: Specified completion date and arrangements for property handover

12. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts

What sections are optional to include in a Simple Real Estate Sales Contract?

1. Condition of Property: Detailed description of property condition and any agreed repairs - used when property is sold in non-standard condition

2. Mortgage Arrangements: Details of any mortgage requirements - included when purchaser is obtaining mortgage financing

3. Agent Details: Information about real estate agents involved - included when transaction involves brokers

4. Strata Title Provisions: Details of common area rights and obligations - used for apartments or units in managed communities

5. Furniture and Fixtures: List of items included/excluded from sale - used when property is sold furnished or with specific inclusions/exclusions

6. Post-Completion Obligations: Specific requirements after completion - used when there are continuing obligations

7. Foreign Ownership Compliance: Additional provisions for foreign buyers - included when purchaser is non-UAE national

What schedules should be included in a Simple Real Estate Sales Contract?

1. Property Plan: Official property layout and floor plans from developer or municipality

2. Title Documents: Copies of title deed and other ownership documents

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

4. Property Inventory: List of included fixtures, fittings, and furniture if applicable

5. Service Charge Statement: Details of any outstanding service charges and maintenance fees

6. Required Documentation List: Checklist of documents required from both parties for completion

7. RERA Documentation: Any required Real Estate Regulatory Agency forms and certificates

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 Agreement

Sector

Sales

Cost

Free to use
Clauses
Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Sales

Business Development

Risk Management

Operations

Contracts Administration

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Investment Manager

Asset Manager

Property Portfolio Manager

Real Estate Broker

Contract Manager

Legal Director

Real Estate Transaction Specialist

Property Acquisition Manager

Business Development Manager

Risk 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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