The Offer to Purchase (Real Estate) is a crucial document in Saudi Arabian real estate transactions, serving as the initial formal step in property acquisition. It is used when a potential buyer wishes to formally express their interest in purchasing a property and outline the terms of their offer. This document must be drafted in compliance with Saudi Arabian law, including Shariah principles, the Real Estate Registration Law, and where applicable, the Foreign Real Estate Ownership Law. The document typically includes comprehensive property details, purchase price, payment terms, due diligence requirements, and conditions precedent. It's particularly important in Saudi Arabia due to the specific legal requirements for property transfers, including the need for proper documentation for registration with the relevant authorities and compliance with local municipality regulations. The document forms the basis for subsequent negotiations and, if accepted, leads to the final sale agreement.

1. Parties: Identification of the potential buyer (offeror) and seller (offeree), including full legal names, national ID/Iqama numbers, and contact details

2. Background: Brief context of the offer and acknowledgment of Shariah compliance

3. Definitions: Key terms used throughout the document including Property, Purchase Price, Deposit, Completion Date

4. Property Details: Complete legal description of the property, including title deed number, location, boundaries, and total area

5. Purchase Price: The offered purchase amount, currency, payment terms, and deposit requirements

6. Payment Terms: Detailed breakdown of payment schedule, deposit amount, and method of payment

7. Due Diligence Period: Timeframe and conditions for property inspection, title verification, and other investigations

8. Conditions Precedent: Essential conditions that must be met before the sale can proceed

9. Completion Process: Steps for closing the transaction, including registration requirements and transfer procedures

10. Property Handover: Terms and conditions for the physical handover of the property

11. Representations and Warranties: Standard declarations by both parties regarding their capacity to enter into the agreement and property condition

12. Termination: Circumstances under which either party may withdraw from the transaction

13. Governing Law: Confirmation of Saudi law and Shariah principles as governing law

14. Signatures: Execution block for all parties including witnesses as required under Saudi law