The Pre-Sale Agreement Template is designed for use in the United Arab Emirates real estate market, specifically for transactions involving the sale of properties before construction completion. This document type is essential for developers and buyers engaging in off-plan property sales, ensuring compliance with UAE Federal Law No. 13 of 2008, RERA regulations, and other relevant local property laws. The agreement covers crucial aspects including payment terms, construction timelines, property specifications, and developer obligations, while incorporating mandatory escrow requirements and buyer protections. It serves as a foundational document for securing both developer and purchaser interests in off-plan property transactions, with specific provisions adapted to UAE market practices and regulatory requirements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
Alternatively...
1. Parties: Identification of the Developer/Seller and the Purchaser with full legal names and details
2. Background: Context of the agreement, project overview, and developer's authority to sell
3. Definitions: Key terms used throughout the agreement including Property, Project, Completion Date, etc.
4. Property Description: Detailed description of the property including unit number, size, location, and specifications
5. Purchase Price: Total purchase price, payment schedule, and payment methods in compliance with UAE regulations
6. Payment Terms: Detailed payment structure, installment dates, and consequences of default
7. Developer Obligations: Developer's commitments regarding construction, quality, timeline, and handover
8. Purchaser Obligations: Purchaser's commitments including payments, documentation, and cooperation requirements
9. Construction and Completion: Construction timeline, completion date, and handover procedures
10. Title and Registration: Process for property registration and title transfer in accordance with UAE law
11. Warranties: Developer's warranties regarding property quality, title, and defect liability
12. Default and Termination: Consequences of breach, termination rights, and remedies for both parties
13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction for disputes
14. Notices: Communication procedures between parties
15. General Provisions: Standard contractual provisions including entire agreement, amendments, and severability
1. Mortgage Provisions: Include when purchaser requires mortgage financing, detailing bank requirements and conditions
2. Assignment Rights: Include when transfer of rights is permitted before completion, specifying conditions and procedures
3. Parking Allocation: Include when parking spaces are sold separately or specifically allocated
4. Common Areas: Include when there are specific rights or restrictions regarding common area usage
5. Facilities Management: Include when pre-agreeing to specific facility management terms post-completion
6. Investment Package: Include when the sale includes rental guarantee or investment program
7. Force Majeure Extended Provisions: Include when specific force majeure events need detailed treatment
8. Escrow Arrangements: Include when specific escrow terms beyond standard UAE requirements are needed
1. Schedule 1 - Property Specifications: Detailed technical specifications, floor plans, and finishing schedule
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments with triggers and dates
3. Schedule 3 - Project Master Plan: Overall project layout, facilities, and common areas
4. Schedule 4 - Construction Timeline: Detailed construction milestones and completion schedule
5. Schedule 5 - Developer Licenses: Copies of developer's licenses and project approvals
6. Schedule 6 - Service Charge Estimate: Projected service charges and maintenance fees
7. Appendix A - Property Title Documents: Land registration documents and title deed information
8. Appendix B - RERA Approvals: Relevant RERA permits and approvals for the project
Authors
Find the document you need
No items found.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your data is private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
