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Deed Of Sale Property

Deed Of Sale Property Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Sale Template For Property

"I need a Deed of Sale Template For Property for a luxury villa in Dubai Marina, with completion scheduled for March 2025, including provisions for existing tenants and requirement for RERA approval."

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Document background
The Deed Of Sale Template For Property is an essential legal instrument used in the United Arab Emirates for documenting and executing property transactions. This template is designed to comply with UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and various emirate-specific property regulations. It is primarily used when transferring ownership of real estate property, whether residential or commercial, and must be registered with the relevant Land Department to be legally effective. The document includes crucial details such as property specifications, party information, payment terms, and warranties, while incorporating necessary provisions to protect both buyer and seller interests under UAE law. This template is particularly important given the UAE's strict requirements for property transactions and the need for clear documentation for both local and international investors.
Suggested Sections

1. Parties: Full legal names and details of the seller and purchaser, including Emirates ID/passport numbers and addresses

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Key terms used throughout the deed, including legal and technical terms specific to UAE property law

4. Property Details: Comprehensive description of the property including location, size, registration details, and title deed number

5. Consideration: Purchase price, payment terms, and method of payment in accordance with UAE regulations

6. Transfer of Ownership: Terms and conditions for the transfer of property ownership and registration with relevant authorities

7. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE laws

8. Completion Requirements: Steps required to complete the sale, including registration procedures and documentation

9. Costs and Fees: Allocation of transaction costs, registration fees, and other associated expenses

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

Optional Sections

1. Mortgage Details: Required if the property is subject to an existing mortgage or if the purchase is being financed through a mortgage

2. Property Management: Needed for properties in managed communities, detailing service charges and facilities management

3. Foreign Ownership Compliance: Required for non-UAE national purchasers, addressing specific requirements and restrictions

4. Condition of Property: Detailed section about property condition, particularly relevant for secondary market sales

5. Tenancy Status: Required if the property is currently tenanted or subject to existing lease agreements

6. Developer Obligations: Needed for off-plan properties or newly completed properties still under developer warranty

7. Handover Procedures: Detailed procedures for physical handover, particularly relevant for occupied properties

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property, including floor plans and boundaries

2. Title Documents: Copies of existing title deed and other ownership documentation

3. Payment Schedule: Detailed breakdown of payment terms, installments, and due dates

4. Property Fixtures and Fittings: Inventory of items included in the sale

5. Required Completion Documents: List of documents required from both parties for completion

6. Land Department Requirements: Specific documentation required by the Dubai Land Department or relevant authority

7. Property Photos and Plans: Visual documentation of the property condition and layout

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
Applicable Law
Business Day
Completion
Completion Date
Consideration
Deposit
Dubai Land Department
Effective Date
Encumbrances
Force Majeure
Land Department
Material Adverse Effect
Municipality
NOC
Parties
Permitted Use
Plot
Property
Purchase Price
Purchaser
RERA
Seller
Service Charges
Signing Date
Title Deed
Transfer Date
UAE
Unit
Utilities
Warranties
Common Areas
Building
Master Community
Master Developer
Registration Fees
Transfer Fees
Broker
Completion Documents
Down Payment
Escrow Account
Handover
Liability
Maintenance Fees
Payment Schedule
Property Manager
Real Estate Register
Strata Title
Termination Date
Working Hours
Clauses
Sale and Purchase
Property Description
Purchase Price
Payment Terms
Title Transfer
Registration
Warranties and Representations
Seller's Obligations
Buyer's Obligations
Completion
Handover
Property Condition
Due Diligence
Encumbrances
Default
Termination
Force Majeure
Assignment
Notices
Costs and Expenses
Tax Obligations
Entire Agreement
Severability
Governing Law
Jurisdiction
Language
Amendment
Waiver
Third Party Rights
Further Assurance
Counterparts
Time of Essence
Confidentiality
Dispute Resolution
Liability
Indemnification
Relevant Industries

Real Estate

Legal Services

Banking and Finance

Property Development

Construction

Hospitality

Retail

Commercial Property

Residential Property

Investment and Asset Management

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Investment

Operations

Corporate Affairs

Risk Management

Documentation

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Real Estate Developer

Investment Manager

Asset Manager

Property Consultant

Real Estate Transaction Manager

Corporate Lawyer

Conveyancing Manager

Legal Director

Chief Legal Officer

Real Estate Portfolio Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): The fundamental law governing contracts and property rights in the UAE, including provisions for sale contracts and property transfer
Property Law (Law No. 7 of 2006): Dubai-specific law regulating real estate registration, property rights, and ownership rules in the emirate of Dubai
Foreign Ownership Law (Law No. 7 of 2002): Regulates foreign ownership of real estate in specific designated areas within the UAE
Real Estate Registration Law (Law No. 13 of 2008): Governs the registration of real estate transactions and establishes the role of the Dubai Land Department
Escrow Law (Law No. 8 of 2007): Regulates escrow accounts for real estate transactions in Dubai and provides protection for buyers' payments
Federal Law No. 39 of 2006: Covers international judicial cooperation and regulation of property ownership by non-UAE nationals
UAE Registration Law (Law No. 9 of 2009): Establishes requirements for registering property transactions and maintaining official records
Strata Law (Law No. 27 of 2007): Regulates jointly owned property and common areas in multi-unit developments
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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