Real Estate Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Contract

"I need a Real Estate Contract for purchasing a commercial office space in Dubai Business Bay, with completion scheduled for March 2025, including provisions for existing tenant agreements and service charge arrangements."

Document background

This Real Estate Contract template is specifically designed for property transactions in the United Arab Emirates, incorporating both federal legislation and emirate-specific requirements. It serves as the primary document for transferring property ownership, whether for residential, commercial, or mixed-use properties. The contract is structured to comply with UAE Civil Code requirements, Real Estate Regulatory Agency (RERA) regulations, and relevant emirate-specific property laws. It is essential for any property transaction in the UAE, containing mandatory provisions for property registration, payment terms, completion procedures, and necessary warranties. The document accommodates various transaction types, including off-plan purchases, completed properties, and properties under mortgage, while ensuring compliance with UAE foreign ownership restrictions and local market regulations.

Suggested Sections

1. Parties: Identification of buyer and seller with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Context of the transaction and confirmation of the seller's legal ownership and right to sell

3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology

4. Property Details: Comprehensive description of the property including title deed number, registration details, and exact specifications as per UAE property registration requirements

5. Purchase Price: Details of the purchase price, payment schedule, and method of payment in compliance with UAE regulations

6. Payment Terms: Specific payment obligations, installment schedule if applicable, and consequences of default

7. Completion: Process and requirements for completion of the sale, including registration requirements with relevant authorities

8. Seller's Obligations: Legal obligations of the seller including property handover and documentation requirements

9. Buyer's Obligations: Legal obligations of the buyer including payment and registration responsibilities

10. Warranties and Representations: Standard and UAE-specific warranties regarding property ownership, condition, and legal status

11. Default and Termination: Consequences of breach and termination rights under UAE law

12. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate's courts' jurisdiction

Optional Sections

1. Mortgage Provisions: Required when the purchase involves mortgage financing, including bank requirements and UAE Central Bank regulations

2. Off-Plan Provisions: Required for properties purchased before completion, including RERA requirements and developer obligations

3. Condition Precedents: Specific conditions that must be met before completion, such as NOCs or authority approvals

4. Service Charges: For properties in managed communities, detailing service charge obligations and payments

5. Tenancy Rights: Required when the property is sold with existing tenants, incorporating UAE tenancy laws

6. Property Management: For properties in managed developments, outlining management responsibilities and obligations

7. Defect Liability: For new properties, detailing the developer's liability period and obligations

8. Foreign Ownership Provisions: Required when the buyer is a non-UAE national, incorporating relevant ownership restrictions

Suggested Schedules

1. Property Specification Schedule: Detailed description of the property including floor plans, area calculations, and boundaries

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Title Deed: Copy of the current title deed and translation if required

4. Property Condition Report: Detailed assessment of property condition at time of sale

5. NOC Documents: Relevant No Objection Certificates from developer or authorities

6. Service Charge Statement: Current status of service charges and pending payments

7. Building Plans: Approved architectural plans and permits

8. Disclosure Statement: Required disclosures under UAE law regarding property status and restrictions

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Management

Investment & Asset Management

Development & Infrastructure

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Property Management

Asset Management

Risk & Governance

Operations

Commercial

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Compliance Officer

Property Manager

Real Estate Agent

Investment Manager

Asset Manager

Development Director

Sales Manager

Transaction Manager

Real Estate Consultant

Contract Administrator

Risk Manager

Corporate Lawyer

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Agreement Of Sale Of Immovable Property

UAE property sale agreement template compliant with UAE Civil Code and emirate-specific property laws, governing the transfer of immovable property.

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Authors

Alex Denne

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