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Apartment Purchase Agreement for United Arab Emirates

Apartment Purchase Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law, specifically designed for the purchase and sale of residential apartments within the United Arab Emirates. This document complies with federal UAE property laws and relevant emirate-specific regulations, incorporating RERA requirements and local property transaction procedures. It details the terms and conditions of the property transfer, including purchase price, payment terms, completion requirements, and the rights and obligations of both parties, while ensuring compliance with local registration and ownership transfer requirements.

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Apartment Purchase Agreement

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What is a Apartment Purchase Agreement?

The Apartment Purchase Agreement is a crucial legal document used in the United Arab Emirates for residential property transactions. It serves as the primary contract between a seller and purchaser for the transfer of apartment ownership, ensuring compliance with UAE federal property laws, RERA regulations, and emirate-specific requirements. This agreement is essential for both new property purchases from developers and secondary market transactions. It includes comprehensive details about the property, payment terms, completion procedures, and both parties' obligations. The document must conform to strict UAE legal requirements regarding property ownership, registration procedures, and foreign ownership restrictions where applicable. It provides legal protection for both parties and serves as the basis for property registration with relevant authorities.

What sections should be included in a Apartment Purchase Agreement?

1. Parties: Identification of the seller and purchaser with full legal names, Emirates ID/passport numbers, and contact details

2. Background: Context of the sale, including brief property description and intention to sell/purchase

3. Definitions: Key terms used throughout the agreement including Property, Common Areas, Service Charges, Completion Date, etc.

4. Property Description: Detailed description of the apartment including unit number, floor, building name, location, size, and registered property details

5. Purchase Price: Total purchase price, payment schedule, and payment methods

6. Payment Terms: Detailed breakdown of payment installments, due dates, and payment procedures

7. Completion and Transfer: Process and requirements for completion of sale and transfer of ownership

8. Seller's Obligations: All obligations of the seller including providing documentation, clearing utilities, and ensuring clean title

9. Purchaser's Obligations: All obligations of the purchaser including payments, documentation, and registration requirements

10. Property Condition: Statement on the condition of the property and any warranties or disclaimers

11. Registration and Transfer Costs: Allocation of costs related to property transfer and registration

12. Default and Termination: Consequences of default by either party and termination provisions

13. Notices: How formal communications between parties should be made and delivered

14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes

What sections are optional to include in a Apartment Purchase Agreement?

1. Condition Precedents: Specific conditions that must be met before completion, used when there are pending approvals or requirements

2. Mortgage Provisions: Include when the purchase involves mortgage financing, detailing lender requirements and conditions

3. Handover Procedures: For new properties or those requiring renovation before transfer, detailing the inspection and acceptance process

4. Defect Liability: For new properties, describing the developer's warranty period and obligations

5. Service Charge Provisions: Detailed terms about service charges when the building has significant common facilities

6. Foreign Ownership Provisions: Additional provisions required when the purchaser is a non-UAE national

7. Power of Attorney: When one party is acting through an attorney or representative

8. Furniture and Fixtures: When the sale includes furniture or specific fixtures, listing all included items

What schedules should be included in a Apartment Purchase Agreement?

1. Property Details Schedule: Detailed technical description of the property including floor plans and specifications

2. Payment Schedule: Detailed breakdown of all payments including amounts and due dates

3. Title Documents: Copies of ownership documents and title deed

4. Property Clearance Certificates: Copies of various clearance certificates including utility clearances

5. Inventory List: If furnished, detailed list of all furniture and fixtures included in the sale

6. Building Rules and Regulations: Copy of applicable building rules and regulations

7. Service Charge Schedule: Details of current and projected service charges

8. RERA Disclosure Statement: Mandatory disclosure statement as required by RERA

9. Due Diligence Documents: Copies of building permits, completion certificates, and other relevant documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Document Type

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions

















































Clauses



































Relevant Industries

Real Estate

Property Development

Construction

Banking and Finance

Legal Services

Property Management

Insurance

Interior Design and Furnishing

Facilities Management

Professional Services

Relevant Teams

Legal

Real Estate

Sales

Compliance

Property Management

Risk Management

Operations

Commercial

Customer Service

Document Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Sales Manager

Contract Manager

Property Management Manager

Facilities Manager

Real Estate Investment Manager

Transaction Manager

Due Diligence Officer

Risk Manager

Company Secretary

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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