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Apartment Sale Contract for United Arab Emirates

Apartment Sale Contract Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law for the sale and purchase of residential apartment property. This document outlines the terms and conditions of the property transfer, including purchase price, payment terms, completion requirements, and parties' obligations. It incorporates specific UAE real estate regulations, including requirements from the relevant emirate's land department, and addresses key aspects such as property registration, payment mechanisms, and handover procedures. The contract ensures compliance with UAE Civil Code and local property laws while protecting both buyer's and seller's interests throughout the transaction.

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Apartment Sale Contract

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What is a Apartment Sale Contract?

The Apartment Sale Contract is a legally binding document used in the United Arab Emirates for transferring ownership of residential apartment properties. It serves as the primary agreement between buyers and sellers, incorporating requirements from UAE Federal Laws and specific emirate-level regulations. This contract is essential for both new sales from developers and secondary market transactions, detailing crucial elements such as property specifications, payment terms, completion requirements, and handover conditions. The document must comply with local land department requirements and often interfaces with other agreements such as mortgage arrangements or developer terms. It's particularly important in major real estate markets like Dubai and Abu Dhabi, where property transactions are strictly regulated and require specific contractual provisions.

What sections should be included in a Apartment Sale Contract?

1. Parties: Identification of seller and buyer with full legal names, Emirates ID numbers, and contact details

2. Background: Brief context of the sale transaction and property ownership history

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

4. Property Details: Comprehensive description of the apartment including unit number, floor, building name, location, and registered area

5. Purchase Price: Agreed purchase price and payment terms including installment schedule if applicable

6. Payment Terms: Detailed breakdown of payment method, timing, and account details

7. Completion and Handover: Process and requirements for property transfer completion and key handover

8. Seller's Warranties: Warranties regarding ownership, no encumbrances, and property condition

9. Buyer's Obligations: Responsibilities including payment, registration, and compliance with regulations

10. Property Registration: Process and requirements for transferring title in the relevant land department

11. Fees and Expenses: Allocation of registration fees, transfer fees, and other transaction costs

12. Handover Condition: State of the property upon handover including fixtures and fittings

13. Default and Termination: Consequences of default and termination rights

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

What sections are optional to include in a Apartment Sale Contract?

1. Mortgage Arrangements: Include when buyer is obtaining mortgage financing, detailing bank requirements and conditions

2. Broker Involvement: Include when real estate brokers are involved, specifying commission arrangements

3. Maintenance Agreement: Include for properties within managed communities or with specific maintenance requirements

4. Furniture and Fittings: Include when sale includes furniture or specific fittings beyond standard fixtures

5. Parking Allocation: Include when parking spaces are assigned or purchased separately

6. Post-Handover Payment Plan: Include when payment terms extend beyond property handover

7. Defect Liability Period: Include for new properties with developer warranty periods

8. Power of Attorney: Include when either party is acting through an authorized representative

What schedules should be included in a Apartment Sale Contract?

1. Property Floor Plan: Detailed floor plan showing apartment layout and dimensions

2. Title Deed Copy: Copy of current title deed showing ownership and property details

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

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

5. Property Photos: Documentation of property condition at time of contract

6. Building Service Charge Schedule: Details of annual service charges and payment terms

7. NOC and Certificates: Relevant no-objection certificates and regulatory approvals

8. Building Rules and Regulations: Copy of community or building rules applicable to the property

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

Contract to Sell

Cost

Free to use
Relevant legal definitions








































Clauses






























Relevant Industries

Real Estate

Property Development

Banking & Finance

Legal Services

Property Management

Construction

Insurance

Facilities Management

Investment & Asset Management

Relevant Teams

Legal

Real Estate

Compliance

Sales

Property Management

Finance

Risk Management

Operations

Customer Relations

Document Management

Relevant Roles

Real Estate Agent

Property Manager

Legal Counsel

Compliance Officer

Sales Director

Property Developer

Mortgage Advisor

Real Estate Investment Manager

Contract Manager

Transaction Manager

Property Consultant

Real Estate Portfolio Manager

Asset Manager

Risk Manager

Due Diligence Officer

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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