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Real Estate Contract Form

Real Estate Contract Form Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Contract Form

"I need a Real Estate Contract Form for the purchase of an off-plan luxury apartment in Dubai Marina, with completion scheduled for March 2025, including specific provisions for staged payments and developer warranties."

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Document background
The Real Estate Contract Form is a standardized legal document used for property transactions in the United Arab Emirates. It serves as the primary agreement template for buying and selling real estate properties, whether residential or commercial, in compliance with UAE Federal Law No. 5 of 1985 (Civil Code) and relevant emirate-specific regulations. This document is essential for both local and foreign investors, incorporating necessary provisions for property registration with the relevant Land Department, RERA compliance, and specific requirements for different property types. The contract form includes comprehensive sections covering property details, payment terms, completion procedures, and regulatory compliance, making it suitable for various types of real estate transactions while ensuring adherence to UAE's property laws and regulations.
Suggested Sections

1. Parties: Detailed identification of buyer and seller, including Emirates ID/passport numbers as required by UAE law

2. Background: Context of the transaction and confirmation of seller's ownership rights

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

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

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

6. Payment Terms: Detailed payment structure including deposits and installments as per RERA guidelines

7. Completion: Process and requirements for transaction completion and property registration

8. Seller's Obligations: Seller's warranties and obligations under UAE law

9. Buyer's Obligations: Buyer's commitments and responsibilities

10. Registration: Requirements for property registration with relevant land department

11. Representations and Warranties: Standard and UAE-specific warranties from both parties

12. Termination: Circumstances and process for contract termination

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Off-Plan Provisions: Additional terms for off-plan properties including RERA requirements and developer obligations

2. Mortgage Provisions: Terms relating to property financing and mortgage registration if applicable

3. Handover Procedures: Detailed process for property handover, particularly relevant for new properties

4. Service Charges: Terms regarding community service charges and maintenance fees

5. Condition of Property: Detailed terms about property condition, particularly relevant for existing properties

6. Tenant Rights: Provisions regarding existing tenancy if property is sold with tenants

7. Foreign Ownership: Special provisions for foreign buyers in designated areas

8. Power of Attorney: Terms regarding use of power of attorney if applicable

Suggested Schedules

1. Property Details Schedule: Detailed technical description of property including plot number, area, and specifications

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

3. Title Deed Copy: Copy of current title deed or initial sale agreement

4. Property Floor Plan: Approved architectural plans and floor layouts

5. Facilities and Amenities: List of included facilities, parking, and amenities

6. Snag List: For existing properties, list of identified issues to be resolved

7. Developer Documentation: Relevant developer certificates and warranties for new properties

8. RERA Approvals: Copies of required RERA certificates and approvals

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Title Deed
Purchase Price
Deposit
Completion Date
Completion
Land Department
RERA
Business Day
Seller
Buyer
Broker
Developer
Common Areas
Service Charges
Escrow Account
Force Majeure
Handover Date
Initial Sale Agreement
Maintenance Fees
Master Community
Master Developer
Mortgage
NOC (No Objection Certificate)
Off-Plan
Oqood (Pre-registration)
Payment Schedule
Registration Fee
Relevant Authority
SPA (Sale and Purchase Agreement)
Snag List
Title Registration
Transfer Date
Unit
Warranties
Facilities
Defects Liability Period
Disclosure Statement
Down Payment
Due Diligence
Encumbrance
Freehold
Leasehold
Material Breach
Possession Date
Property Manager
Real Estate Register
Strata Title
Clauses
Property Description
Purchase Price
Payment Terms
Title and Ownership
Registration Requirements
Due Diligence
Warranties and Representations
Completion and Handover
Default and Remedies
Force Majeure
Termination
Dispute Resolution
Governing Law
Property Condition
Service Charges
Insurance
Assignment
Notices
Entire Agreement
Severability
Broker Provisions
Transfer of Risk
Maintenance Obligations
Property Access
Compliance with Laws
Anti-Money Laundering
Escrow Arrangements
Foreign Ownership
Developer Obligations
Community Rules
Property Registration
Defects Liability
Utilities Transfer
Taxes and Fees
Indemnification
Confidentiality
Further Assurance
Amendments
Time of Essence
Language
Successors and Assigns
Relevant Industries

Real Estate

Construction

Property Development

Banking and Finance

Legal Services

Property Management

Investment

Hospitality

Retail

Commercial Property

Residential Property

Infrastructure

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Property Management

Contracts Administration

Investment

Risk Management

Operations

Client Relations

Documentation

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Consultant

Investment Manager

Contract Manager

Real Estate Director

Property Valuation Specialist

Transaction Manager

Sales Manager

Business Development Manager

Real Estate Portfolio Manager

Property Management Officer

Industries
UAE Civil Code (Federal Law No. 5 of 1985): The foundational law governing all civil transactions, including property rights, contracts, and obligations between parties in real estate transactions
UAE Federal Decree-Law No. 33 of 2021: The updated law concerning the regulation of real estate sector, including provisions for real estate development, management, and registration
Dubai Law No. 7 of 2006: Law concerning real estate registration in Dubai, establishing the framework for property registration and ownership rights
Dubai Law No. 13 of 2008: Regulates the interim real estate register in Dubai, particularly important for off-plan properties and developer obligations
Abu Dhabi Law No. 3 of 2015: Regulates real estate sector in Abu Dhabi, including property registration, development, and broker activities
Real Estate Regulatory Agency (RERA) Regulations: Dubai-specific regulations governing real estate transactions, broker conduct, and property management
UAE Anti-Money Laundering Law (Federal Decree Law No. 20 of 2018): Relevant for real estate transactions in terms of payment verification and source of funds requirements
UAE Foreign Ownership Decree (2020): Recent amendments allowing increased foreign ownership of real estate in designated areas
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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