Real Estate Development Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Development Contract

"I need a Real Estate Development Contract for a luxury residential tower project in Dubai Marina, with construction starting March 2025 and including specific provisions for LEED Gold certification and smart home technology integration."

Document background
The Real Estate Development Contract is a crucial document used in the United Arab Emirates for establishing the legal and operational framework of property development projects. This contract type is essential when undertaking any significant real estate development in the UAE, whether commercial, residential, or mixed-use. It must comply with federal UAE laws, including UAE Federal Law No. 5 of 1985 (Civil Code) and specific emirate-level regulations such as Dubai's RERA requirements or Abu Dhabi's real estate laws. The contract covers all aspects of the development process, from initial planning and permissions through to completion and handover, including detailed specifications, quality standards, timeline commitments, and payment structures. It's particularly important in the UAE market where real estate development is heavily regulated and requires strict compliance with local building codes, environmental regulations, and safety standards.
Suggested Sections

1. Parties: Identification of the Developer and Contractor, including licensing and registration details as per UAE requirements

2. Background: Project context, site details, and relevant property ownership/development rights

3. Definitions and Interpretation: Comprehensive definitions including UAE-specific regulatory terms and FIDIC terms if applicable

4. Scope of Works: Detailed description of development works, including compliance with UAE building codes

5. Contract Price and Payment Terms: Payment structure, milestones, and escrow requirements as per UAE law

6. Project Timeline: Construction schedule, milestone dates, and completion requirements

7. Developer's Obligations: Developer's responsibilities including permits, approvals, and RERA compliance

8. Contractor's Obligations: Contractor's duties, construction responsibilities, and quality standards

9. Quality and Standards: UAE building standards, quality control requirements, and inspection processes

10. Variations and Changes: Procedures for managing changes to scope, price, or timeline

11. Testing and Completion: Completion certificates, testing requirements, and handover procedures

12. Defects Liability: Defects period, remediation process, and warranties

13. Insurance and Bonds: Required insurance coverage and performance bonds as per UAE law

14. Force Majeure: Force majeure events and consequences under UAE law

15. Termination: Termination rights and procedures aligned with UAE legal requirements

16. Dispute Resolution: UAE-specific dispute resolution procedures, including local courts or arbitration

17. Governing Law: UAE law provisions and jurisdiction clauses

Optional Sections

1. Design Obligations: Used when the contract includes design responsibilities

2. Phasing Requirements: Include for projects with multiple development phases

3. Sustainability Requirements: For projects requiring specific green building certifications

4. Retail/Commercial Components: Specific provisions for mixed-use developments

5. Value Engineering: When cost optimization processes are part of the scope

6. Technology Integration: For smart building or specific technology requirements

7. Community Impact: When development affects existing communities or infrastructure

8. Marketing and Sales: If developer requires contractor support for show units or marketing facilities

Suggested Schedules

1. Schedule 1 - Site Plans and Drawings: Detailed plans, drawings, and site boundaries

2. Schedule 2 - Technical Specifications: Detailed construction and material specifications

3. Schedule 3 - Bill of Quantities: Detailed breakdown of quantities and rates

4. Schedule 4 - Payment Schedule: Milestone-based payment schedule and escrow arrangements

5. Schedule 5 - Project Timeline: Detailed construction program and milestone dates

6. Schedule 6 - Quality Assurance Plan: Quality control procedures and requirements

7. Schedule 7 - Forms and Certificates: Template forms for approvals, certificates, and notices

8. Schedule 8 - Permits and Approvals: List of required regulatory approvals and permits

9. Schedule 9 - Environmental Management Plan: Environmental compliance and management procedures

10. Schedule 10 - Health and Safety Requirements: Safety standards and procedures

11. Appendix A - Key Personnel: List of key personnel and their responsibilities

12. Appendix B - Insurance Requirements: Detailed insurance coverage requirements

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

Architecture and Design

Engineering

Property Development

Infrastructure

Commercial Property

Residential Property

Mixed-use Development

Hospitality

Retail

Industrial Development

Relevant Teams

Legal

Real Estate

Construction

Project Management

Finance

Commercial

Operations

Procurement

Risk and Compliance

Quality Assurance

Technical

Environmental

Health and Safety

Design

Planning

Relevant Roles

Chief Executive Officer

Managing Director

Development Director

Project Manager

Construction Manager

Contract Manager

Legal Counsel

Real Estate Director

Commercial Director

Finance Director

Technical Director

Operations Manager

Procurement Manager

Risk Manager

Compliance Officer

Quality Assurance Manager

Site Manager

Cost Controller

Planning Manager

Environmental 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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