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The Promissory Purchase and Sale Agreement is a crucial document in UAE property transactions, used when parties wish to formalize their commitment to a property sale before the final transfer. This document type is particularly relevant in the UAE's dynamic real estate market, where property transactions often require detailed documentation and specific legal compliance. It serves as a preliminary binding agreement that protects both parties' interests by clearly defining the transaction terms, payment schedule, and completion requirements. The agreement must comply with UAE Civil Code, relevant emirate-specific property laws, and registration requirements. It's commonly used in both commercial and residential property transactions, particularly in situations where the completion of the sale is subject to certain conditions or scheduled for a future date.

1. Parties: Identification of the seller and purchaser with full legal names, addresses, and documentation details as required under UAE law

2. Background: Context of the transaction, including brief description of the property and parties' intentions

3. Definitions: Key terms used throughout the agreement, including specific UAE legal terminology

4. Sale and Purchase: Core agreement terms specifying the property being sold and purchased

5. Property Details: Comprehensive description of the property including title details, registration information, and physical characteristics

6. Purchase Price: Detailed breakdown of the purchase price and payment structure

7. Payment Terms: Schedule of payments, payment methods, and consequences of late payment

8. Completion: Process and requirements for completing the sale, including registration requirements

9. Seller's Warranties: Warranties regarding property ownership, condition, and absence of encumbrances

10. Purchaser's Warranties: Warranties regarding capacity to purchase and source of funds

11. Default and Remedies: Consequences of breach by either party and available remedies

12. Registration: Requirements and process for registering the sale with relevant authorities

13. Notices: Method and addresses for serving formal notices between parties

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

15. Execution: Formal execution blocks compliant with UAE requirements