Land Exchange Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Land Exchange Agreement

"Need a Land Exchange Agreement for swapping a 5,000 square meter industrial plot in Dubai Industrial City with a similarly-sized commercial plot in JAFZA, with completion planned for March 2025 and including provisions for existing tenant transfers."

Document background
The Land Exchange Agreement is a specialized legal instrument used in the United Arab Emirates when two or more parties wish to exchange ownership of land or property assets. This document is particularly relevant in situations involving strategic land consolidation, development planning, or optimization of property portfolios. It must comply with UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and specific emirate-level property regulations. The agreement typically includes detailed property descriptions, valuation mechanisms, completion requirements, and registration procedures with the relevant Land Department. It's commonly used by government entities, developers, and private landowners for both commercial and residential property exchanges, requiring careful consideration of local zoning laws, development regulations, and property registration requirements.
Suggested Sections

1. Parties: Identification of all parties involved in the exchange, including full legal names, addresses, and registration details

2. Background: Context of the exchange, including brief description of properties and parties' ownership status

3. Definitions: Key terms used throughout the agreement, including property-specific terminology

4. Properties Description: Detailed description of both properties being exchanged, including exact locations, dimensions, and current usage

5. Exchange Terms: Core terms of the exchange, including any monetary considerations or equalizing payments

6. Completion Requirements: Conditions precedent and subsequent, including registration requirements and documentation

7. Representations and Warranties: Parties' declarations regarding ownership, authority to exchange, and property condition

8. Registration and Transfer: Process and requirements for registering the exchange with relevant authorities

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

10. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes

Optional Sections

1. Valuation Mechanism: Used when properties have different values and compensation calculations are needed

2. Due Diligence: Include when parties require specific investigation periods or conditions

3. Environmental Matters: Required when properties have environmental considerations or compliance requirements

4. Existing Tenancies: Include when properties have current tenants or occupancy agreements

5. Development Obligations: Used when future development requirements or restrictions apply to either property

6. Mortgages and Encumbrances: Include when dealing with properties subject to existing charges or restrictions

7. Third Party Rights: Required when properties have easements or other third-party interests

8. Post-Completion Obligations: Include when parties have ongoing responsibilities after the exchange

Suggested Schedules

1. Property Plans: Detailed plans and surveys of both properties being exchanged

2. Title Documents: Copies of current title deeds and ownership certificates

3. Property Specifications: Detailed technical specifications of both properties

4. Encumbrances Schedule: List of all registered charges, easements, or restrictions on both properties

5. Completion Requirements Checklist: List of documents and actions required for completion

6. Form of Transfer Instruments: Templates of necessary transfer documents for local land department

7. Environmental Reports: If applicable, environmental assessment reports for both properties

8. Valuation Reports: Independent valuation reports for both properties

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

Construction

Property Development

Government and Public Sector

Infrastructure

Commercial Property

Industrial

Agriculture

Hospitality

Urban Development

Relevant Teams

Legal

Real Estate

Property Management

Development

Compliance

Government Relations

Asset Management

Investment

Facilities

Urban Planning

Relevant Roles

Real Estate Director

Property Manager

Legal Counsel

Development Manager

Land Surveyor

Property Valuer

Compliance Officer

Real Estate Transaction Manager

Urban Planning Director

Asset Manager

Chief Investment Officer

Real Estate Portfolio Manager

Development Director

General Counsel

Government Relations 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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