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Deed Of Absolute Sale

Deed Of Absolute Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Absolute Sale

"I need a Deed of Absolute Sale for a commercial warehouse property in Dubai Industrial City, with installment payments over 6 months starting March 2025, including specific conditions about existing tenant arrangements and machinery fixtures included in the sale."

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Document background
The Deed of Absolute Sale is a fundamental legal instrument in UAE property transactions, essential for documenting and effecting the transfer of real estate ownership. This document is required whenever there is a complete transfer of property rights in the UAE, whether for residential, commercial, or industrial properties. It must conform to the UAE Civil Code and relevant emirate-specific property laws, particularly in Dubai and Abu Dhabi. The deed includes crucial details such as property specifications, party information, consideration amount, and transfer terms. It serves as the primary evidence of ownership transfer and must be registered with the relevant land department or municipality. The document's format and content are specifically designed to meet UAE legal requirements and protect both buyers' and sellers' interests in property transactions.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete details including Emirates ID numbers, passport numbers, and addresses as required by UAE law

2. Background: Brief context of the sale, including property ownership history and intention to transfer

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

4. Property Details: Comprehensive description of the property including plot number, property ID, location, size, and boundaries as per title deed

5. Consideration: Purchase price, payment terms, and confirmation of receipt or payment schedule

6. Transfer of Title: Express provisions for absolute transfer of ownership and rights to the property

7. Seller's Representations and Warranties: Warranties regarding ownership, absence of encumbrances, and authority to sell

8. Registration and Transfer Procedures: Process for registering the transfer with relevant authorities (e.g., Dubai Land Department)

9. Possession and Risk: Terms for property handover and transfer of risk

10. Costs and Taxes: Allocation of registration fees, transfer fees, and other transaction costs

11. Governing Law and Jurisdiction: Specification of UAE law application and relevant emirate's courts' jurisdiction

Optional Sections

1. Condition of Property: Used when specific property conditions need to be documented or when selling as-is

2. Existing Tenancies: Required when the property is sold with sitting tenants

3. Payment Schedule: Used when payment is not made in full at completion

4. Post-Completion Obligations: Include when there are outstanding matters to be handled after transfer

5. Service Charges: Required for properties in managed communities with service charge obligations

6. Mortgage Details: Include when there is an existing mortgage to be discharged

7. Power of Attorney: Used when either party is acting through an attorney

8. Vacant Possession: Include specific terms when immediate vacant possession is part of the agreement

Suggested Schedules

1. Property Schedule: Detailed property specifications, including floor plans and boundaries

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

3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

4. Inventory: List of fixtures, fittings, and contents included in the sale

5. Property Certificates: Relevant certificates, permits, and approvals

6. Plans and Drawings: Official property plans and architectural drawings

7. Powers of Attorney: Copies of any relevant powers of attorney

8. Due Diligence Documents: Property inspection reports, certificates, and other due diligence materials

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Construction

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Banking & Finance

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Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Corporate Affairs

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Finance

Investment

Documentation

Customer Relations

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Real Estate Agent

Property Developer

Compliance Officer

Conveyancing Manager

Real Estate Director

Property Investment Manager

Legal Director

Corporate Lawyer

Real Estate Administrator

Title Officer

Property Operations Manager

Risk Manager

Transaction 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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