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The Purchase Agreement Residential is a fundamental legal document used in the United Arab Emirates for residential property transactions. It serves as the primary contract between a seller and buyer for the transfer of residential property ownership, whether for apartments, villas, or townhouses. This document is essential in the UAE real estate market, where property transactions must comply with both federal laws and emirate-specific regulations. The agreement covers crucial aspects including property details, payment terms, completion requirements, and warranties, while incorporating specific UAE legal requirements such as property registration procedures, ownership restrictions for certain areas, and mandatory disclosures. The Purchase Agreement Residential must align with UAE Civil Code requirements and relevant property laws, making it suitable for both freehold and leasehold property transactions, while accommodating various payment structures including cash purchases and mortgage-based acquisitions.

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

2. Background: Context of the transaction, including brief property description and intention to sell/purchase

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

4. Property Details: Comprehensive description of the property including title deed number, property size, location, and registration details as per UAE land department requirements

5. Purchase Price: Agreement on purchase price, payment schedule, and method of payment in compliance with UAE regulations

6. Payment Terms: Detailed payment structure including deposits, installments, and final payment arrangements

7. Title and Transfer: Provisions regarding clean title, transfer process, and registration requirements at the relevant land department

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE property laws

9. Buyer's Warranties: Warranties regarding financial capacity and eligibility to own property under UAE law

10. Completion: Process and requirements for completion of the sale, including documentation and registration requirements

11. Handover: Terms and conditions for property handover, including utilities transfer and key handover process

12. Default: Consequences of default by either party and remedies available under UAE law

13. Notices: Process for serving formal notices between parties

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