Document background
The Property Buyer Seller Agreement is a fundamental legal document used in UAE real estate transactions to formalize the transfer of property ownership. This agreement is essential for both residential and commercial property transactions in the UAE, requiring compliance with federal laws and emirate-specific regulations. It serves as the primary contract between parties, documenting the terms of sale, payment conditions, and completion requirements. The document must align with UAE Civil Code requirements and local property laws, including specific provisions for property registration, transfer procedures, and ownership restrictions. This agreement is particularly important in the UAE context where real estate transactions are heavily regulated and require specific documentation for Land Department registration. The document includes mandatory elements such as party identification, property details, purchase price, payment terms, and completion requirements, while also addressing UAE-specific considerations such as NOC requirements and service charge obligations.
