Deed Of Sale With Right To Repurchase Template for United Arab Emirates

The Deed of Sale with Right to Repurchase is a sophisticated legal instrument used in the United Arab Emirates when a property owner needs to sell their property while maintaining the option to reclaim it in the future. This document type is particularly useful in financial arrangements where the seller requires immediate capital but anticipates having the means to repurchase the property later. The deed must be structured in compliance with UAE Civil Code (Federal Law No. 5 of 1985) and relevant property laws, requiring careful attention to registration requirements and formal execution procedures. It includes comprehensive details about the property, sale terms, repurchase conditions, timeframes, and price calculations, making it suitable for both commercial and residential property transactions. The document finds particular application in Islamic finance structures and must be carefully drafted to ensure compliance with both civil law and Sharia principles where applicable.

1. Parties: Identification of the Seller (with repurchase rights) and Buyer, including full legal names, addresses, and any registration numbers

2. Background: Context of the transaction, relationship between parties, and purpose of the deed

3. Definitions: Definitions of key terms used throughout the deed, including Property, Repurchase Period, Repurchase Price

4. Sale and Purchase: Details of the initial sale, including property description, purchase price, and payment terms

5. Transfer of Title: Provisions regarding the transfer of legal ownership and registration requirements

6. Right of Repurchase: Terms and conditions of the repurchase right, including duration and exercise procedure

7. Repurchase Price: Specification of the repurchase price and any adjustments

8. Property Condition and Maintenance: Obligations regarding property maintenance during the repurchase period

9. Representations and Warranties: Standard representations about property ownership, condition, and authority to sell

10. Registration and Formalities: Requirements for registering the sale and repurchase right with relevant authorities

11. Notices: Process for giving formal notices, particularly regarding exercise of repurchase right

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

13. Execution: Formal execution block meeting UAE requirements for deeds