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Agreement For Sale And Sale Deed

Agreement For Sale And Sale Deed Template for United Arab Emirates

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Key Requirements PROMPT example:

Agreement For Sale And Sale Deed

"I need an Agreement for Sale and Sale Deed for a commercial warehouse property in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for existing tenant arrangements and industrial licensing requirements."

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Document background
The Agreement For Sale And Sale Deed is a crucial document in UAE property transactions, combining both the contractual agreement and the formal transfer deed in one comprehensive instrument. This document is essential when conducting property sales in the UAE, whether for residential, commercial, or industrial properties. It must strictly comply with UAE Federal Laws, including the UAE Civil Code, as well as specific emirate-level property regulations. The document is structured to include all necessary elements required by UAE law for valid property transfers, including detailed property descriptions, payment terms, warranties, and registration requirements. It serves as both the binding contract between parties and the official instrument for transferring legal title, making it particularly important in the UAE's developing real estate market where clear documentation of property rights is essential.
Suggested Sections

1. Parties: Detailed identification of the seller and purchaser, including full legal names, addresses, and registration details for corporate entities

2. Background: Context of the sale, brief description of the property/asset, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core terms of the sale including the subject matter and confirmation of the transfer

5. Purchase Price: Details of the purchase price, payment terms, and payment schedule

6. Completion: Completion date, process, and requirements for transfer of ownership

7. Seller's Warranties: Warranties regarding ownership, authority to sell, and condition of the property/asset

8. Purchaser's Warranties: Warranties regarding authority to purchase and financial capability

9. Title and Registration: Provisions regarding transfer of title and registration requirements

10. Costs and Taxes: Allocation of transaction costs, fees, and applicable taxes

11. Notices: Process and requirements for serving notices between parties

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

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Conditions Precedent: Used when completion is subject to specific conditions being met

2. Property Inspection: Include when specific inspection requirements or findings need to be documented

3. Mortgage Details: Required when the property is subject to existing mortgage or new financing

4. Broker Provisions: Include when real estate brokers are involved in the transaction

5. Post-Completion Obligations: Used when there are specific obligations after completion

6. Dispute Resolution: Alternative dispute resolution mechanisms if different from standard court proceedings

7. Force Majeure: Include when specific force majeure provisions are needed beyond standard law

8. Assignment Rights: Used when transfer rights need to be specifically addressed

9. Maintenance Charges: Include for properties with ongoing maintenance or service charges

Suggested Schedules

1. Property Description Schedule: Detailed description of the property including boundaries, area, and specifications

2. Payment Schedule: Detailed breakdown of payment installments and timing

3. Title Documents: Copies of relevant title documents and ownership certificates

4. Property Plans: Floor plans, maps, or technical drawings of the property

5. Inventory List: For sales including furniture or fixtures, detailed inventory

6. Due Diligence Documents: Relevant permits, certificates, and compliance documents

7. Handover Protocol: Detailed procedure for physical handover of the property

8. Registration Requirements: List of documents required for property registration

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrance
Land Department
Municipality
Payment Schedule
Premises
Property
Purchase Price
Purchaser
Registration Fee
Sale Deed
Seller
Service Charge
Title Deed
Transfer Date
Transfer Fee
Warranties
Handover Date
Maintenance Charges
Registration Authority
Relevant Authority
Selling Price
Signature Date
Terms and Conditions
Unit
Utility Services
VAT
Broker
Building
Common Areas
Developer
Development
Escrow Account
Force Majeure
Legal Representative
Master Community
NOC
Property Law
Registration
Relevant Industries

Real Estate

Construction

Property Development

Banking and Finance

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Legal Services

Relevant Teams

Legal

Real Estate

Compliance

Sales

Property Management

Corporate Affairs

Risk Management

Operations

Business Development

Finance

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Real Estate Broker

Property Developer

Contract Manager

Transaction Manager

Corporate Counsel

Property Administrator

Real Estate Director

Legal Director

Sales Manager

Development Manager

Risk Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): The fundamental law governing all civil transactions, including contracts and property matters. It sets out basic principles for contract formation, validity, and enforcement.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Regulates commercial transactions and business dealings, including sales agreements between merchants.
Law No. 13 of 2008 (Dubai): Regulates the Interim Real Estate Register in Dubai, covering off-plan property sales and registration requirements.
Federal Law No. 4 of 2020: Securing Rights in Movable Property, relevant for sales involving movable assets as security.
UAE Property Law (Various Emirates): Each emirate has its own property laws governing real estate transactions, registration requirements, and transfer procedures.
Federal Law No. 39 of 2006: International Cooperation in Criminal Matters, relevant for anti-money laundering provisions in high-value sales.
VAT Federal Decree-Law No. 8 of 2017: Governs Value Added Tax implications on sale transactions and property transfers.
Local Municipality Regulations: Specific regulations from each emirate's municipality regarding property transfers and registration procedures.
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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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