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Deed Of Absolute Sale For Land

Deed Of Absolute Sale For Land Template for United Arab Emirates

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Deed Of Absolute Sale For Land

"I need a Deed of Absolute Sale for Land for a commercial plot in Dubai Investment Park, with completion scheduled for March 2025 and payment to be made in two installments."

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Document background
The Deed of Absolute Sale for Land is a crucial legal instrument in UAE property transactions, used when transferring complete and unrestricted ownership of land from one party to another. This document is essential in the UAE's real estate market, where property transactions must comply with both federal laws and emirate-specific regulations. It serves as definitive evidence of the transfer of ownership and must be registered with the relevant Land Department to be legally effective. The deed includes comprehensive details about the property, parties involved, consideration, and various warranties and representations required under UAE law. It's particularly important in ensuring compliance with local ownership restrictions, municipality regulations, and Sharia principles where applicable. The document is typically used in both commercial and residential property transactions and requires careful consideration of zoning laws, development restrictions, and foreign ownership regulations.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete details as per UAE requirements, including Emirates ID numbers for UAE residents

2. Background: Brief recital of the ownership history and intention to sell

3. Definitions: Key terms used throughout the deed, including Property, Purchase Price, Completion Date, and other relevant terms

4. Property Details: Comprehensive description of the land including plot number, municipality number, area, dimensions, and location

5. Consideration: Purchase price, payment terms, and confirmation of receipt of funds

6. Seller's Representations and Warranties: Declarations regarding ownership, absence of encumbrances, and authority to sell

7. Transfer of Title: Express provisions for transferring absolute ownership to the buyer

8. Registration and Transfer Procedures: Steps for completing the transfer at the relevant land department

9. Costs and Taxes: Allocation of registration fees, transfer fees, and other associated costs

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

11. Execution: Formal execution block meeting UAE requirements for deed registration

Optional Sections

1. Power of Attorney: Required when either party is acting through an authorized representative

2. Mortgage Release: Included when the property has an existing mortgage that needs to be discharged

3. Foreign Ownership Compliance: Required for non-UAE national buyers, confirming compliance with foreign ownership restrictions

4. Development Obligations: Included when the land has specific development requirements or restrictions

5. Escrow Arrangements: When payment is being made through an escrow account

6. Sharia Compliance Declaration: Required for Islamic financing or when specifically requested by parties

7. Condition Precedents: When completion is subject to specific conditions being met

8. Service Charges: For properties within master communities with ongoing service charge obligations

Suggested Schedules

1. Property Title Deed: Copy of the original title deed showing current ownership

2. Property Plan: Official survey plan showing boundaries and dimensions

3. Payment Schedule: If payment is to be made in installments

4. Due Diligence Documents: List of documents reviewed and confirmed by buyer

5. Municipality Approvals: Copies of relevant permits and approvals

6. Land Department NOC: No objection certificate from relevant land department

7. Property Photographs: Recent photographs of the land and any existing structures

8. Utility Clearances: Confirmation of paid utilities and no outstanding dues

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 Industries

Real Estate

Construction

Property Development

Banking and Finance

Hospitality

Retail

Industrial

Agriculture

Infrastructure Development

Commercial Property

Residential Property

Mixed-use Development

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Investment

Development

Facilities Management

Finance

Risk Management

Corporate Services

Operations

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Compliance Officer

Land Registration Officer

Real Estate Transaction Manager

Property Acquisition Manager

Asset Manager

Investment Director

Development Project Manager

Real Estate Broker

Property Portfolio Manager

Facilities Manager

Corporate Real Estate Manager

Chief Investment Officer

Real Estate Finance Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Provides the fundamental legal framework for property transactions and contracts, including requirements for valid sales and transfer of ownership
UAE Federal Law No. 8 of 2004: Regulates foreign ownership of land and real estate in the UAE, establishing restrictions and permitted areas for foreign ownership
Law No. 7 of 2006 (Dubai): Concerning Real Property Registration in the Emirate of Dubai, detailing the procedures and requirements for registering property transactions
Law No. 13 of 2008 (Dubai): Regulates the Interim Real Estate Register in Dubai, governing the registration of off-plan properties and initial sale contracts
UAE Federal Law No. 4 of 2020: Securing Rights in Movable Property, which may be relevant if the land includes any movable assets
Law No. 3 of 2015 (Dubai): Regulating the real estate sector in Dubai, including requirements for real estate transactions and broker involvement
UAE Federal Law No. 39 of 2006: International Judicial Cooperation in Criminal Matters, relevant for anti-money laundering compliance in property transactions
Local Municipality Regulations: Specific regulations regarding land use, zoning, and development restrictions that may affect the property transfer
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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