Document background
The Gift Settlement Deed is a crucial document in UAE legal practice, used to formalize and document the voluntary transfer of assets or property without consideration. This document type is particularly important in the UAE context where gift transactions must comply with both civil law requirements and Islamic principles. The deed serves multiple purposes, from facilitating family wealth transfers to corporate gifting arrangements. When drafting a Gift Settlement Deed, special attention must be paid to UAE Civil Code requirements regarding immediate transfer of possession, capacity of parties, and the unconditional nature of the gift. The document becomes especially critical in high-value transfers, family settlements, and situations requiring clear documentation of ownership transfer for regulatory or tax purposes.
