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The Property Partnership Agreement serves as a foundational document for parties entering into joint property ownership or development ventures in the United Arab Emirates. This agreement is essential when two or more parties wish to pool their resources for real estate investment, development, or management purposes while clearly defining their rights, responsibilities, and profit-sharing arrangements. It must comply with UAE federal laws, including the UAE Civil Code and Commercial Companies Law, as well as specific emirate-level property regulations. The document addresses crucial elements such as capital contributions, management structure, profit distribution, exit mechanisms, and dispute resolution procedures, while ensuring compliance with UAE foreign ownership restrictions and local property regulations. It's particularly important for structuring both domestic and foreign investment in UAE real estate, whether for commercial, residential, or mixed-use properties.

1. Parties: Identification of all partnership parties, including full legal names, addresses, and registration details if companies

2. Background: Context of the partnership formation, property details, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Partnership Structure: Legal structure of the partnership, ownership percentages, and capital contributions

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

6. Capital Contributions: Details of initial and ongoing capital contributions, including property value allocation

7. Management and Control: Decision-making processes, management rights, and operational control

8. Profit and Loss Distribution: Formula and mechanisms for sharing profits and losses

9. Operating Expenses: Allocation and payment of property-related expenses and maintenance costs

10. Bank Accounts: Management of partnership funds and banking arrangements

11. Transfer Restrictions: Limitations on transfer of partnership interests and property rights

12. Term and Termination: Duration of partnership and conditions for termination

13. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

14. Notices: Communication procedures between partners

15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments