Land Buying Agreement Template for United Arab Emirates

The Land Buying Agreement is a crucial legal document used in the United Arab Emirates for facilitating land ownership transfers. This agreement is essential when any party wishes to purchase land in the UAE, whether for personal use, development, or investment purposes. The document must comply with both federal UAE laws and specific emirate-level regulations governing property transactions. It includes detailed provisions covering property identification, ownership transfer procedures, payment terms, and regulatory compliance requirements. The agreement's structure accommodates various transaction types, from simple land transfers to complex development projects, while ensuring adherence to UAE property laws and registration requirements. When drafting a Land Buying Agreement, special consideration must be given to foreign ownership restrictions, Land Department registration procedures, and Islamic law principles that influence UAE property transactions.

1. Parties: Identification of buyer and seller with full legal names, addresses, and registration details if companies

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.

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

5. Purchase Price: Agreed purchase price and payment structure including deposit and completion payment details

6. Payment Terms: Timeline and method of payments, including escrow arrangements as per UAE law

7. Completion Requirements: Conditions to be met before completion, including documentation and regulatory requirements

8. Title and Registration: Provisions regarding property title transfer and registration with relevant Land Department

9. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and legal status

10. Buyer's Warranties: Warranties regarding financial capacity and compliance with foreign ownership laws if applicable

11. Regulatory Compliance: Compliance with UAE property laws, anti-money laundering regulations, and other applicable laws

12. Costs and Taxes: Allocation of transaction costs, registration fees, and any applicable taxes

13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts