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Standard Real Estate Purchase Agreement for United Arab Emirates

Standard Real Estate Purchase Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that facilitates the transfer of real estate property ownership from seller to buyer. This agreement outlines all essential terms and conditions of the property sale, including property details, purchase price, payment terms, and completion requirements, while ensuring compliance with UAE federal laws and emirate-specific regulations. The document incorporates necessary provisions for property registration with relevant authorities and addresses specific requirements for both residential and commercial properties in the UAE market.

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Standard Real Estate Purchase Agreement

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What is a Standard Real Estate Purchase Agreement?

The Standard Real Estate Purchase Agreement is a fundamental legal instrument used in the United Arab Emirates for documenting and executing property transactions. This document is essential for any real estate purchase in the UAE, whether residential or commercial, and must comply with both federal laws and specific emirate regulations. It serves as the primary contract between buyers and sellers, detailing all aspects of the property transfer including price, payment terms, warranties, and completion requirements. The agreement is structured to accommodate various property types and transaction scenarios while ensuring adherence to UAE property registration requirements, anti-money laundering regulations, and foreign ownership restrictions where applicable. Used across all emirates but particularly common in major real estate markets like Dubai and Abu Dhabi, this agreement provides a comprehensive framework for protecting the interests of all parties involved in the property transaction.

What sections should be included in a Standard Real Estate Purchase Agreement?

1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and relevant identification numbers as per UAE requirements

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement, including technical and legal terminology

4. Property Details: Comprehensive description of the property including location, size, registration details, and title deed information

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

6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and completion payment arrangements

7. Completion: Conditions for completion, timing, and process for transfer of ownership

8. Seller's Obligations: Obligations of the seller including property transfer, documentation, and warranties

9. Buyer's Obligations: Obligations of the buyer including payment, due diligence, and compliance requirements

10. Property Condition: Statement on the condition of the property and any agreed repairs or modifications

11. Registration and Transfer: Process and requirements for property registration with relevant authorities

12. Warranties and Representations: Legal warranties provided by both parties regarding their capacity and the property

13. Default and Termination: Consequences of default and circumstances allowing termination

14. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

15. Notices: Process and requirements for formal communications between parties

16. General Provisions: Standard legal provisions including severability, entire agreement, and amendments

What sections are optional to include in a Standard Real Estate Purchase Agreement?

1. Condition Precedents: Used when completion is subject to specific conditions being met, such as mortgage approval or regulatory clearances

2. Mortgage Details: Required when the purchase involves mortgage financing, detailing the mortgage arrangements and requirements

3. Property Management: Included for properties within managed communities, detailing service charges and management arrangements

4. Tenant Rights: Required when the property is sold with existing tenants, detailing their rights and existing lease arrangements

5. Defect Liability: Used for new properties, specifying the developer's liability period for defects

6. Escrow Arrangements: Required when using an escrow account for the transaction

7. Foreign Ownership: Required when the buyer is a foreign national, addressing specific requirements and restrictions

8. Power of Attorney: Included when either party is acting through a representative

What schedules should be included in a Standard Real Estate Purchase Agreement?

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

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

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

4. Property Inventory: List of fixtures, fittings, and other items included in the sale

5. Due Diligence Reports: Technical and legal reports on the property condition and status

6. Service Charge Schedule: Details of ongoing service charges and maintenance fees

7. Required Permits: Copies of relevant permits and certificates

8. Property Photos: Recent photographs of the property documenting its condition

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

Sales Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions























































Clauses










































Relevant Industries

Real Estate

Banking & Finance

Construction

Property Development

Legal Services

Property Management

Investment

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Business Development

Operations

Finance

Investment

Risk Management

Facilities Management

Document Control

Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Property Manager

Real Estate Developer

Investment Manager

Compliance Officer

Contract Manager

Real Estate Broker

Property Consultant

Transaction Manager

Business Development Manager

Asset Manager

Facilities Manager

Real Estate Investment Analyst

Property Portfolio 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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