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Property Sales Agreement for United Arab Emirates

Property Sales Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that formalizes the transfer of real estate property ownership from seller to buyer. The agreement complies with Federal and emirate-specific regulations, including requirements from the UAE Civil Code and relevant Land Department guidelines. It details the property specifications, purchase price, payment terms, completion requirements, and obligations of both parties. The document incorporates necessary provisions for property registration, transfer procedures, and applicable fees as required under UAE property laws.

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Property Sales Agreement

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What is a Property Sales Agreement?

The Property Sales Agreement is a crucial document used in UAE real estate transactions to legally transfer property ownership between parties. It must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific regulations, particularly in Dubai and Abu Dhabi where distinct property laws apply. This document is essential for both residential and commercial property transactions, incorporating mandatory requirements for property registration, payment terms, and completion procedures. The agreement serves multiple purposes: it protects both parties' interests, satisfies Land Department requirements, facilitates property registration, and ensures compliance with local real estate regulations. It's particularly important in the UAE context where property transactions must adhere to specific documentary requirements and registration procedures.

What sections should be included in a Property Sales Agreement?

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the sale and confirmation of the Seller's ownership rights and authority to sell

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

4. Property Details: Comprehensive description of the property including emirate, area, plot number, unit details, and registration details as per Land Department requirements

5. Purchase Price: The agreed purchase price, currency, and payment structure including deposit requirements

6. Payment Terms: Detailed payment schedule, method of payment, and account details complying with UAE banking regulations

7. Completion: Process and requirements for completion of the sale, including registration requirements with relevant authorities

8. Seller's Obligations: Seller's commitments including providing valid title deed, clearing utilities, and ensuring property is free from encumbrances

9. Buyer's Obligations: Buyer's commitments including payment obligations, registration requirements, and due diligence responsibilities

10. Warranties and Representations: Standard and UAE-specific warranties from both parties regarding capacity, authority, and property condition

11. Registration and Transfer: Process for property registration with the relevant Land Department and transfer procedures

12. Costs and Fees: Allocation of transaction costs, registration fees, and agent commissions as per local practice

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

14. Notices: Communication procedures between parties including acceptable methods under UAE law

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

What sections are optional to include in a Property Sales Agreement?

1. Mortgage Arrangements: Required when the purchase involves mortgage financing, including bank requirements and procedures

2. Off-Plan Provisions: Needed for off-plan properties, including developer obligations and completion timelines

3. Condition Precedents: Used when completion is subject to specific conditions such as obtaining No Objection Certificates

4. Escrow Arrangements: Required for transactions using escrow services, particularly common in Dubai

5. Handover Procedures: Detailed when the property is currently occupied or includes furnishings

6. Property Management: Needed for properties within managed communities or with ongoing service charges

7. Force Majeure: Optional clause addressing unforeseen circumstances affecting completion

8. Joint Ownership: Required when multiple buyers are involved, specifying ownership shares

9. Dispute Resolution: Alternative dispute resolution procedures if parties wish to specify mediation before court proceedings

What schedules should be included in a Property Sales Agreement?

1. Property Specification: Detailed technical description of the property including floor plans and area calculations

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

3. Payment Schedule: Detailed breakdown of payment installments and due dates

4. Property Condition Report: Current condition of the property and any agreed repairs or modifications

5. Inventory List: List of furnishings or fixtures included in the sale if applicable

6. Required Certificates: Copies of No Objection Certificates and other required clearances

7. Service Charge Statement: Details of any ongoing service charges or community fees

8. Land Department Requirements: Checklist of documents required for registration

9. Due Diligence Documents: Copies of utility bills, maintenance records, and other relevant documentation

Authors

Alex Denne

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

Document Type

Purchase Agreement

Cost

Free to use
Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Operations

Finance

Investment

Asset Management

Property Management

Risk Management

Contract Administration

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Sales Director

Investment Manager

Real Estate Development Manager

Compliance Officer

Contract Manager

Real Estate Transaction Specialist

Property Consultant

Asset Manager

Real Estate Portfolio Manager

Real Estate Finance Manager

Chief Legal Officer

Business Development Manager

Real Estate Operations 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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