Commercial Real Estate Buyer Broker Agreement Template for United Arab Emirates

The Commercial Real Estate Buyer Broker Agreement is a crucial document used in the United Arab Emirates when engaging professional real estate brokerage services for commercial property acquisitions. This agreement is essential for businesses and investors seeking to purchase commercial real estate in the UAE market, providing a legally-binding framework that outlines the relationship between the broker and buyer. It ensures compliance with UAE Federal Laws, RERA regulations, and local emirate-specific requirements while protecting both parties' interests. The document typically includes detailed provisions for broker services, compensation structures, exclusivity terms, and specific obligations aligned with UAE real estate practices. It's particularly important given the complexity of UAE commercial real estate transactions and the need for clear documentation of broker-client relationships in accordance with local regulations.

1. Parties: Identification of the broker and the client, including full legal names, licenses, and contact details

2. Background: Context of the agreement, including the client's intention to purchase commercial real estate and the broker's qualifications

3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology

4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided

5. Term and Territory: Duration of the agreement and geographical area covered for property search

6. Broker's Rights and Obligations: Detailed responsibilities of the broker, including compliance with UAE real estate regulations

7. Client's Rights and Obligations: Client's responsibilities, including providing necessary information and cooperation

8. Compensation: Broker's fee structure, payment terms, and conditions for earning commission

9. Confidentiality: Obligations regarding confidential information and property details

10. Exclusivity: Terms of exclusive representation and consequences of breach

11. Termination: Conditions and procedures for ending the agreement

12. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes

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

14. General Provisions: Standard contractual clauses including amendments, severability, and entire agreement