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Real Estate Investment Partnership Agreement for United Arab Emirates

Real Estate Investment Partnership Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes and regulates a partnership structure for real estate investment purposes. The document incorporates requirements from UAE Federal Laws, including the Commercial Companies Law and relevant real estate regulations, while addressing specific emirate-level requirements. It covers capital contributions, profit sharing, management rights, investment criteria, and regulatory compliance, with particular attention to UAE-specific requirements such as foreign ownership restrictions and RERA regulations. The agreement provides a framework for multiple parties to pool resources and expertise for real estate investment ventures while managing risks and responsibilities in accordance with UAE legal standards.

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Real Estate Investment Partnership Agreement

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What is a Real Estate Investment Partnership Agreement?

The Real Estate Investment Partnership Agreement is a crucial document for parties seeking to collaborate on real estate investments in the United Arab Emirates. It is particularly relevant in the context of the UAE's dynamic real estate market, where both local and international investors frequently form partnerships to pursue property investment opportunities. The agreement must comply with UAE Federal Law No. 32 of 2021 (Commercial Companies Law), relevant real estate regulations, and specific emirate-level requirements such as those imposed by RERA in Dubai. This document is essential when two or more parties wish to pool their resources, expertise, and capital for real estate investment purposes while clearly defining their rights, obligations, and profit-sharing arrangements. It includes provisions for capital contributions, management structure, investment criteria, regulatory compliance, and exit mechanisms, all tailored to the UAE legal framework and market practices.

What sections should be included in a Real Estate Investment Partnership Agreement?

1. Parties: Identification of all partners, including full legal names, addresses, and registration details for corporate entities

2. Background: Context of the partnership formation, purpose of the investment, and brief description of the target real estate assets

3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and rules of interpretation

4. Partnership Structure and Purpose: Legal structure of the partnership, its objectives, and scope of activities

5. Capital Contributions: Details of initial and subsequent capital contributions from each partner, including valuation methods for non-cash contributions

6. Ownership and Profit Sharing: Partnership interests, profit-sharing ratios, and distribution mechanisms

7. Management and Control: Governance structure, decision-making processes, and partner voting rights

8. Real Estate Investment Parameters: Investment criteria, property selection process, and investment restrictions

9. Operating Procedures: Day-to-day management procedures, including property management and maintenance

10. Financial Management: Banking arrangements, accounting procedures, and financial reporting requirements

11. Regulatory Compliance: Compliance with UAE real estate laws, RERA regulations, and other applicable laws

12. Partner Rights and Obligations: Detailed rights and responsibilities of each partner

13. Transfer Restrictions: Limitations on transfer of partnership interests and right of first refusal provisions

14. Term and Termination: Duration of the partnership and circumstances for termination

15. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

What sections are optional to include in a Real Estate Investment Partnership Agreement?

1. Shariah Compliance: Required if the partnership needs to operate according to Islamic finance principles

2. Development Rights: Include when the partnership involves property development activities

3. Property Management Services: Required if the partnership will provide property management services

4. Foreign Ownership Provisions: Include when any partners are non-UAE nationals or entities

5. Financing Arrangements: Include when the partnership will seek external financing

6. Exit Strategy: Detailed procedures for partner exit, including buy-out mechanisms

7. Insurance Requirements: Specific insurance obligations beyond standard coverage

8. Environmental Compliance: Include for properties requiring specific environmental considerations

9. Employee Matters: Required if the partnership will have direct employees

What schedules should be included in a Real Estate Investment Partnership Agreement?

1. Schedule 1 - Property Details: Detailed description of initial or target properties, including title details and encumbrances

2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contributions and valuation methods

3. Schedule 3 - Business Plan: Initial business plan including investment strategy and financial projections

4. Schedule 4 - Management Structure: Organizational chart and detailed management procedures

5. Schedule 5 - Fee Structure: Details of management fees, performance fees, and other charges

6. Schedule 6 - Reserved Matters: List of decisions requiring special approval or unanimous consent

7. Appendix A - Power of Attorney: Standard form of power of attorney for partnership operations

8. Appendix B - Compliance Checklist: Regulatory compliance requirements and procedures

9. Appendix C - Transfer Forms: Standard forms for transfer of partnership interests

10. Appendix D - Property Management Agreement: Template agreement for property management services

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

Cost

Free to use
Relevant legal definitions



















































Clauses









































Relevant Industries

Real Estate

Property Development

Construction

Investment Management

Asset Management

Financial Services

Property Management

Professional Services

Banking

Islamic Finance

Relevant Teams

Legal

Investment

Real Estate

Compliance

Finance

Risk Management

Business Development

Asset Management

Corporate Development

Operations

Relevant Roles

Chief Executive Officer

Chief Investment Officer

Real Estate Investment Manager

Legal Counsel

Property Development Director

Investment Analyst

Asset Manager

Compliance Officer

Financial Controller

Business Development Manager

Partnership Manager

Real Estate Portfolio Manager

Risk Manager

Managing Director

Board Member

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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