Building Loan Agreement Template for United Arab Emirates

1. Sharia Compliance: Required if the loan needs to be Sharia-compliant, detailing Islamic finance structure

2. Insurance: Detailed insurance requirements if not covered in covenants

3. Project Monitoring: Specific provisions for monitoring construction progress if required

4. Environmental Compliance: Environmental requirements and warranties if project has significant environmental impact

5. Force Majeure: Provisions for unforeseen circumstances affecting construction

6. Assignment and Transfer: Rights to assign or transfer the loan if permitted

7. Cost Overrun Provisions: Specific provisions for handling construction cost overruns

1. Schedule 1 - Property Details: Legal description of the construction property

2. Schedule 2 - Construction Plans: Approved construction plans and specifications

3. Schedule 3 - Disbursement Schedule: Detailed schedule of loan disbursements tied to construction milestones

4. Schedule 4 - Form of Drawdown Notice: Template for requesting loan disbursements

5. Schedule 5 - Security Documents: List and copies of all security documents

6. Schedule 6 - Construction Timeline: Detailed construction schedule and milestones

7. Schedule 7 - Required Permits: List of required construction and development permits

8. Appendix A - Interest Calculation Examples: Examples showing interest calculation methodology

9. Appendix B - Construction Quality Standards: Detailed construction quality requirements and standards