A Partnership Deed For Real Estate Business is essential when two or more parties wish to establish a formal partnership for conducting real estate business activities in the United Arab Emirates. This document is particularly crucial in the UAE market where real estate partnerships must comply with specific regulatory requirements and ownership structures. The deed serves as the foundational document defining the partnership's scope, partners' rights and obligations, capital contributions, profit-sharing arrangements, and operational procedures. It must align with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and relevant real estate regulations, including RERA requirements where applicable. The document is typically used when establishing new real estate ventures, formalizing existing partnerships, or restructuring real estate business operations in the UAE.
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1. Parties: Details of all partners including full legal names, addresses, and nationality (important for UAE compliance)
2. Background: Context of the partnership formation and intended real estate business activities
3. Definitions: Definitions of key terms used throughout the deed, including specific real estate and partnership terminology
4. Partnership Structure: Legal form of partnership, registration details, and compliance with UAE partnership laws
5. Business Scope: Detailed description of permitted real estate activities and geographical scope of operations
6. Capital Contribution: Details of initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Ratio and mechanism for distributing profits and losses among partners
8. Management and Control: Partnership management structure, decision-making processes, and voting rights
9. Banking and Financial Arrangements: Banking operations, signature authorities, and financial control mechanisms
10. Partner Rights and Obligations: Detailed rights and responsibilities of each partner
11. Regulatory Compliance: Compliance requirements with UAE real estate laws and regulations
12. Duration and Renewal: Term of partnership and renewal conditions
13. Dispute Resolution: Procedures for resolving disputes, including UAE court jurisdiction
14. Termination: Conditions and procedures for partnership termination
15. Governing Law: Specification of UAE law as governing law and relevant jurisdictions
1. Non-Compete Provisions: Restrictions on partners engaging in competing real estate businesses
2. Intellectual Property Rights: For partnerships developing proprietary real estate solutions or branding
3. International Operations: For partnerships planning to operate beyond UAE
4. Islamic Finance Compliance: For partnerships operating under Sharia principles
5. Employee Management: For partnerships planning to hire staff directly
6. Insurance: Specific insurance requirements beyond standard coverage
7. Environmental Compliance: For partnerships involved in development projects
8. Marketing and Branding: For partnerships with significant marketing activities
1. Schedule 1 - Partner Details: Detailed information about partners including ID documents and contact details
2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contribution including valuation of non-cash assets
3. Schedule 3 - Business Plan: Detailed business plan including market analysis and financial projections
4. Schedule 4 - Property Portfolio: List of properties owned or managed by the partnership
5. Schedule 5 - Operating Procedures: Detailed operational procedures and policies
6. Schedule 6 - Regulatory Licenses: Copies of all required licenses and permits
7. Appendix A - Power of Attorney: Standard format for powers of attorney for partnership operations
8. Appendix B - Banking Resolutions: Standard banking resolutions and authorized signatory lists
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Property Management
Real Estate Investment
Commercial Property
Residential Property
Real Estate Advisory
Property Technology
Real Estate Finance
Architecture and Design
Urban Planning
Facilities Management
Relevant Teams
Legal
Real Estate Operations
Business Development
Investment
Compliance
Finance
Property Management
Strategy
Project Management
Risk Management
Corporate Development
Business Affairs
Relevant Roles
Real Estate Partner
Managing Partner
Property Development Manager
Real Estate Investment Director
Legal Counsel
Business Development Manager
Operations Director
Chief Executive Officer
Chief Financial Officer
Property Portfolio Manager
Compliance Officer
Real Estate Strategy Director
Investment Manager
Project Director
Managing Director
Real Estate Operations Manager
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