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Real Estate Sales Contract Template
I need a Real Estate Sales Contract Template for a completed residential apartment in Dubai Marina, with a corporate seller and individual buyer, including provisions for furniture transfer and staged payments to be completed by March 2025.
1. Parties: Identification of seller and buyer with full legal names, Emirates ID/passport numbers, and addresses as required by UAE law
2. Background: Context of the sale, including property ownership history and development status
3. Definitions: Key terms used in the agreement, including specific UAE real estate terminology
4. Property Details: Comprehensive description of the property including location, size, registration details, and RERA property identification numbers
5. Purchase Price: Total purchase price, payment schedule, and method of payment in compliance with UAE regulations
6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and escrow arrangements if applicable
7. Transfer of Ownership: Process and conditions for transferring title through the relevant land department
8. Seller's Obligations: Obligations including property handover, documentation, and warranties
9. Buyer's Obligations: Obligations including payments, registration requirements, and compliance with regulations
10. Completion: Completion date, process, and requirements for title transfer
11. Default and Termination: Consequences of default and termination rights under UAE law
12. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate jurisdiction
13. Notices: Process for formal communications between parties
14. General Provisions: Standard contract clauses adapted to UAE requirements
1. Off-Plan Provisions: Additional terms for off-plan properties including construction milestones and developer obligations
2. Mortgage Provisions: Terms relating to property financing and mortgage arrangements
3. Condition of Property: Detailed description of property condition for existing properties
4. Service Charges: Terms relating to ongoing service charges and maintenance fees
5. Foreign Ownership: Special provisions for foreign buyers where applicable
6. Agent Provisions: Terms relating to real estate agents if involved in the transaction
7. Furniture and Fixtures: List and terms for any furniture or fixtures included in the sale
8. Defect Liability: Extended warranties or defect liability periods for new properties
1. Property Schedule: Detailed property specifications, floor plans, and title details
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Property Handover Schedule: Checklist and process for property handover
4. Due Diligence Documents: List of required documentation including title deed, NOCs, and permits
5. Property Condition Report: Detailed report on property condition with photographs
6. Furniture and Fixtures List: Inventory of items included in the sale if applicable
7. Service Charge Schedule: Details of service charges and management fees
8. Required Registrations: List of necessary registrations and procedures with relevant authorities
Authors
Real Estate
Construction
Legal Services
Banking and Finance
Property Development
Property Management
Construction Materials
Insurance
Investment and Asset Management
Facilities Management
Professional Services
Government and Public Sector
Legal
Real Estate
Sales
Compliance
Operations
Risk Management
Business Development
Property Management
Investment
Corporate Affairs
Document Management
Client Relations
Transaction Processing
Project Management
Real Estate Manager
Legal Counsel
Property Developer
Real Estate Agent
Contract Manager
Compliance Officer
Property Manager
Sales Manager
Investment Manager
Real Estate Director
Transaction Manager
Legal Director
Business Development Manager
Risk Manager
Corporate Lawyer
Real Estate Broker
Project Manager
Operations Manager
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