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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."
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
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
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
Applicable Laws
Approved Drawings
Authority
Authority Approvals
Bill of Quantities
Building Permit
Certificate of Completion
Change Order
Commencement Date
Completion Date
Construction Documents
Construction Schedule
Contract Price
Contractor
Contractor's Equipment
Day
Defects
Defects Liability Period
Delay Damages
Design Documents
Developer
Development
Development Site
Disputes
Effective Date
Environmental Requirements
Escrow Account
Extension of Time
Final Completion Certificate
Force Majeure Event
Good Industry Practice
Governing Law
Handover
Insurance Requirements
Intellectual Property Rights
Interest Rate
Interim Payment Certificate
Key Personnel
Letter of Award
Master Plan
Material Adverse Effect
Milestone
Municipality
Notice
Off-Plan Sales
Payment Schedule
Performance Bond
Permits
Phase
Plans and Specifications
Project
Project Manager
Property
Quality Standards
RERA
Retention Money
Site
Specifications
Subcontractor
Substantial Completion
Taking-Over Certificate
Technical Specifications
Termination Date
Time for Completion
UAE
Unit
Variations
Works
Contract Documents
Developer's Obligations
Contractor's Obligations
Project Timeline
Design Obligations
Construction Requirements
Quality Control
Health and Safety
Environmental Compliance
Payment Terms
Variations
Extensions of Time
Force Majeure
Insurance
Performance Security
Warranties
Defects Liability
Testing and Commissioning
Completion and Handover
Intellectual Property
Confidentiality
Assignment and Subcontracting
Termination
Liability and Indemnification
Dispute Resolution
Governing Law
Notices
Regulatory Compliance
Site Access and Security
Materials and Workmanship
Progress Reporting
Documentation Requirements
Risk Allocation
Performance Guarantees
Labor Requirements
Equipment and Facilities
Permits and Approvals
Change Management
Default and Remedies
Project Management
Cost Control
Quality Assurance
Escrow Requirements
Property Registration
Real Estate
Construction
Architecture and Design
Engineering
Property Development
Infrastructure
Commercial Property
Residential Property
Mixed-use Development
Hospitality
Retail
Industrial Development
Legal
Real Estate
Construction
Project Management
Finance
Commercial
Operations
Procurement
Risk and Compliance
Quality Assurance
Technical
Environmental
Health and Safety
Design
Planning
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
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