Document background
A Real Estate Purchase Letter of Intent is commonly used in the United Arab Emirates as an initial step in property transactions, serving as a formal expression of interest to purchase real estate. This document is particularly important in the UAE's sophisticated real estate market, where transactions often involve significant investments and multiple stakeholders. While primarily non-binding, it outlines key commercial terms, demonstrates serious intent, and provides a foundation for subsequent negotiations. The document must align with UAE federal laws and emirate-specific regulations, such as RERA in Dubai, and typically precedes the formal Sale and Purchase Agreement. It's especially useful in complex transactions involving commercial properties, development projects, or when foreign investors are involved, as it helps establish clear expectations while parties conduct due diligence and negotiate final terms.
