Deed Of Sale Of Property Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Sale Of Property

I need a Deed of Sale of Property for a furnished residential apartment in Dubai Marina, where the sale includes all existing furniture and appliances, with completion scheduled for March 15, 2025, and payment to be made in three installments.

Document background
The Deed of Sale of Property is a crucial legal instrument used in the United Arab Emirates for executing property ownership transfers. This document is essential for any real estate transaction in the UAE, whether involving residential, commercial, or industrial properties. It must comply with Federal Law No. 5 of 1985 (Civil Code) and various emirate-specific property laws. The deed serves as the primary document for property registration with the relevant Land Department and forms the basis for updating the real estate register. It includes comprehensive details about the property, parties involved, transaction terms, and necessary warranties, while ensuring compliance with UAE property ownership and transfer regulations. The document is particularly important as it forms the basis for the official transfer of title and must meet specific formatting and content requirements as prescribed by UAE law.
Suggested Sections

1. Parties: Detailed identification of the Seller and Buyer, including full legal names, Emirates ID numbers, passport numbers, and addresses

2. Background: Context of the sale, brief description of the property, and confirmation of the Seller's ownership and authority to sell

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

4. Property Details: Comprehensive description of the property including exact location, size, boundaries, and registration details as per title deed

5. Consideration: Details of the purchase price, payment terms, and method of payment

6. Completion: Specifics about the completion date, transfer of ownership, and registration procedures

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

8. Transfer of Title: Process and obligations for transferring legal title to the Buyer

9. Costs and Registration: Allocation of costs, fees, and responsibilities for registration

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

Optional Sections

1. Condition of Property: Detailed description of property condition and any known defects - used when selling existing properties

2. Tenant Rights: Details of existing tenancy if the property is currently leased - included only for tenanted properties

3. Service Charges: Details of service charges and management fees - required for apartments or properties in managed communities

4. Mortgage Details: Information about existing or new mortgages - included if property is mortgaged or buyer requires financing

5. Foreign Ownership: Additional provisions related to foreign ownership restrictions - required when buyer is non-UAE national

6. Power of Attorney: Details of any power of attorney arrangements - included if either party is acting through an attorney

7. Furniture and Fixtures: List of included/excluded items - relevant for furnished property sales

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including plot number, municipality details, and exact measurements

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

3. Payment Schedule: Detailed breakdown of payment installments and dates if payment is not made in full at completion

4. Property Plan: Official property/floor plan from relevant authorities

5. Inventory List: Detailed list of furniture and fixtures included in the sale (if applicable)

6. Due Diligence Documents: Copies of relevant certificates, permits, and clearances

7. DEWA and Service Connections: Details of utility connections and account information

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

Relevant legal definitions
Clauses
Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Insurance

Investment & Asset Management

Facilities Management

Urban Development

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Property Management

Asset Management

Investment

Finance

Operations

Corporate Affairs

Facilities Management

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Property Developer

Asset Manager

Investment Manager

Real Estate Portfolio Manager

Title Officer

Property Valuation Specialist

Real Estate Transaction Manager

Facilities Manager

Risk Manager

Corporate Lawyer

Conveyancing 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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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