The Unit Purchase Agreement is a fundamental document in UAE real estate transactions, used when transferring ownership of residential or commercial property units. This agreement must comply with UAE federal laws, including the UAE Civil Code and relevant emirate-specific regulations. It is essential for both off-plan and completed property purchases, detailing crucial elements such as party identification, property specifications, payment terms, and completion requirements. The document serves as the primary contract for property transfer and must be registered with relevant authorities like the Dubai Land Department (DLD) or Abu Dhabi's Department of Municipalities and Transport (DMT). The agreement includes specific provisions required under UAE law, such as escrow arrangements for off-plan purchases and property registration procedures.
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1. Parties: Identification of the Seller and Purchaser with full legal names, details, and addresses as per UAE requirements
2. Background: Context of the sale, property overview, and confirmation of Seller's right to sell
3. Definitions: Definitions of key terms used throughout the agreement, including specific UAE real estate terminology
4. Property Description: Detailed description of the unit including location, size, registration details, and TRAKHEESI number if applicable
5. Purchase Price: Agreed purchase price, currency, and payment structure including deposit requirements
6. Payment Terms: Detailed payment schedule, method of payment, and escrow arrangements if applicable
7. Completion: Conditions for completion, timeline, and process for transfer of ownership
8. Registration and Transfer: Process and requirements for property registration with relevant authorities (DLD/RERA)
9. Seller's Obligations: Seller's commitments including providing necessary documents and clear title
10. Purchaser's Obligations: Purchaser's commitments including timely payments and document submission
11. Representations and Warranties: Standard and specific warranties from both parties
12. Default and Termination: Consequences of default and termination rights for both parties
13. Notices: Process for formal communications between parties
14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
1. Condition of Property: Include for existing properties to detail current condition and any defects
2. Service Charge: Include for properties in managed communities to detail service charge obligations
3. Parking Allocation: Include where parking spaces are part of the sale
4. Handover Process: Include for new properties detailing the inspection and snagging process
5. Mortgage Provisions: Include if purchaser is obtaining mortgage financing
6. Construction Completion: Include for off-plan properties to detail completion timeline and standards
7. Force Majeure: Include for off-plan properties or long-term completion arrangements
8. Assignment Rights: Include if assignment of contract rights is to be permitted
9. Furnishing Package: Include if furniture or fixtures are included in the sale
1. Property Details Schedule: Detailed technical specifications of the unit including floor plans and area statement
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of relevant title documents and property ownership certificates
4. Specification Schedule: Detailed description of unit finishing and included fixtures
5. Building Rules and Regulations: Community rules and regulations applicable to the unit
6. Form of Transfer/Registration Documents: Templates of documents required for property transfer
7. Handover Protocol: Detailed procedure for unit inspection and acceptance
8. Service Charge Schedule: Breakdown of service charges and payment terms if applicable
Relevant legal definitions
Agreement
Applicable Laws
Building
Common Areas
Completion Date
Completion Notice
Defects Liability Period
Deposit
Developer
DLD
Down Payment
Escrow Account
Escrow Agent
Force Majeure
Handover Date
Land
Master Community
Master Developer
NOC
Off-Plan
Oqood Pre-registration
Parties
Payment Schedule
Permitted Use
Property
Purchase Price
Purchaser
RERA
Registration Fee
Relevant Authority
Seller
Service Charges
Snagging
Specification Schedule
Title Deed
Transfer Date
Unit
Unit Area
Unit Plan
Warranties
Applicable Laws
Building
Common Areas
Completion Date
Completion Notice
Defects Liability Period
Deposit
Developer
DLD
Down Payment
Escrow Account
Escrow Agent
Force Majeure
Handover Date
Land
Master Community
Master Developer
NOC
Off-Plan
Oqood Pre-registration
Parties
Payment Schedule
Permitted Use
Property
Purchase Price
Purchaser
RERA
Registration Fee
Relevant Authority
Seller
Service Charges
Snagging
Specification Schedule
Title Deed
Transfer Date
Unit
Unit Area
Unit Plan
Warranties
Clauses
Property Description
Purchase Price
Payment Terms
Deposit Protection
Title and Ownership
Property Registration
Completion
Warranties and Representations
Due Diligence
Condition of Property
Handover
Default
Termination
Force Majeure
Assignment
Service Charges
Insurance
Property Access
Notices
Entire Agreement
Amendments
Severability
Confidentiality
Dispute Resolution
Governing Law
Third Party Rights
Costs and Expenses
Further Assurance
Stamp Duty and Registration Fees
Escrow Arrangements
Construction Completion
Defects Liability
Property Management
Utilities and Services
Environmental Compliance
Inspection Rights
Purchase Price
Payment Terms
Deposit Protection
Title and Ownership
Property Registration
Completion
Warranties and Representations
Due Diligence
Condition of Property
Handover
Default
Termination
Force Majeure
Assignment
Service Charges
Insurance
Property Access
Notices
Entire Agreement
Amendments
Severability
Confidentiality
Dispute Resolution
Governing Law
Third Party Rights
Costs and Expenses
Further Assurance
Stamp Duty and Registration Fees
Escrow Arrangements
Construction Completion
Defects Liability
Property Management
Utilities and Services
Environmental Compliance
Inspection Rights
Relevant Industries
Real Estate
Property Development
Construction
Banking & Finance
Property Investment
Residential Property
Commercial Property
Real Estate Investment Trusts (REITs)
Property Management
Facilities Management
Relevant Teams
Legal
Real Estate
Sales
Compliance
Property Management
Business Development
Operations
Finance
Risk Management
Customer Relations
Relevant Roles
Real Estate Manager
Property Development Director
Legal Counsel
Contracts Manager
Sales Director
Property Sales Executive
Compliance Officer
Real Estate Agent
Property Consultant
Investment Manager
Asset Manager
Property Portfolio Manager
Transaction Manager
Real Estate Operations Manager
Development Manager
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