All Countries
Legal Services
Reservation Deposit Agreement

Reservation Deposit Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Reservation Deposit Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Reservation Deposit Agreement

"I need a Reservation Deposit Agreement for a luxury apartment development in Dubai Marina, with specific provisions for international buyers and a three-month reservation period starting March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Reservation Deposit Agreement serves as a preliminary contract in UAE property transactions, typically used when a prospective buyer expresses serious interest in purchasing a property but needs time to arrange financing or conduct due diligence. This document is particularly relevant in Dubai's dynamic real estate market and is structured to comply with UAE Federal laws and RERA regulations. It provides security to both the seller/developer and the buyer by clearly defining the reservation terms, deposit handling, and conditions for proceeding to final sale. The agreement is commonly used for both off-plan and completed properties, requiring careful consideration of UAE real estate laws and anti-money laundering regulations in its preparation and execution.
Suggested Sections

1. Parties: Identification of the parties entering into the agreement - typically the property developer/seller and the prospective buyer

2. Background: Context of the agreement, including brief description of the property and purpose of the reservation

3. Definitions: Key terms used throughout the agreement including 'Deposit', 'Property', 'Reservation Period', etc.

4. Deposit Amount and Payment: Specifies the deposit amount, payment method, and deadline for payment

5. Reservation Terms: Details of what is being reserved and for how long

6. Refund Conditions: Circumstances under which the deposit will be refunded or forfeited

7. Conversion to Sale: Process and conditions for converting the reservation into a full sale agreement

8. Representations and Warranties: Basic warranties from both parties regarding their capacity to enter into the agreement

9. Notices: How formal communications between parties should be made

10. Governing Law and Jurisdiction: Confirms UAE law governance and jurisdiction for disputes

Optional Sections

1. Developer's Obligations: Used when the property is under construction, specifying developer's commitments regarding construction timeline and quality

2. Property Description: Detailed section used when the property specifications are finalized and can be precisely described

3. Broker Provisions: Required when a real estate broker is involved in the transaction

4. Force Majeure: Optional clause for handling unexpected events, particularly relevant for off-plan properties

5. Anti-Money Laundering Compliance: Detailed AML provisions when dealing with significant deposit amounts or high-risk transactions

6. Confidentiality: Used in high-value or sensitive transactions where confidentiality is particularly important

Suggested Schedules

1. Property Details Schedule: Detailed description of the property including unit number, size, location, and specifications

2. Payment Schedule: Breakdown of the deposit amount if paid in installments

3. Form of Sale Agreement: Draft or key terms of the final sale agreement to be entered into

4. Required Documents: List of documents required from both parties for completing the reservation

5. Property Plans/Drawings: Relevant floor plans or property drawings, particularly important for off-plan properties

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 Industries

Real Estate

Property Development

Construction

Real Estate Investment

Property Management

Real Estate Brokerage

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Sales

Compliance

Business Development

Operations

Property Management

Contracts Administration

Transaction Management

Relevant Roles

Real Estate Manager

Property Development Manager

Legal Counsel

Compliance Officer

Sales Director

Property Sales Executive

Real Estate Broker

Contract Manager

Business Development Manager

Property Investment Manager

Transaction Manager

Real Estate Operations Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): Governs general contractual principles, obligations, formation of contracts, and deposit agreements in the UAE
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Regulates commercial transactions and potential commercial aspects of reservation deposits
Law No. 13 of 2008 (Dubai): Regulates the Interim Real Estate Register in Dubai, including provisions for off-plan property sales and reservation deposits
RERA (Real Estate Regulatory Agency) Regulations: Provides specific guidelines for real estate transactions, including reservation agreements and deposit handling in Dubai
UAE Consumer Protection Law (Federal Law No. 24 of 2006): Protects consumer rights in transactions and may apply if the reservation deposit is from an individual buyer
UAE Anti-Money Laundering Law (Federal Decree Law No. 20 of 2018): Relevant for compliance requirements in handling deposits and financial transactions
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

Find the exact document you need

Break Fee Agreement

A UAE-governed agreement establishing terms for payment of a break fee if a transaction fails to complete under specified circumstances.

find out more

Retainers Agreement

UAE-governed agreement establishing terms for ongoing professional services between a service provider and client, including service scope and payment terms.

find out more

Mandate And Fee Agreement

UAE-governed agreement establishing service provider/agent authority, scope of services, and fee arrangements between parties.

find out more

Introducer Fee Agreement

UAE-governed agreement establishing terms for business introduction services and related fee arrangements, including compliance and payment terms.

find out more

Intercompany Management Fees Agreement

UAE-governed agreement establishing management service arrangements and fee structures between related companies, ensuring compliance with local regulations and transfer pricing requirements.

find out more

Cost And Fee Contract

A UAE law-governed Cost And Fee Contract outlining cost recovery mechanisms and fee structures between parties, compliant with local commercial regulations and Sharia principles.

find out more

Contingency Fee Agreement

UAE-governed agreement establishing success-based fee arrangements for legal consulting services, with specific compliance measures for UAE legal requirements.

find out more

Consulting Fee Contract

UAE-governed agreement establishing terms and conditions for professional consulting services, including scope, fees, and obligations between client and consultant.

find out more

Service Fee Agreement

A UAE law-governed agreement establishing terms, conditions, and fees for service provision between a provider and client.

find out more

Fixed Fee Agreement

UAE-compliant Fixed Fee Agreement template for establishing service arrangements with predetermined fee structures.

find out more

Commission Fee Agreement

A UAE-governed agreement establishing commission payment terms and conditions between a principal and their sales representative or agent.

find out more

Client Fee Agreement

A UAE-law governed agreement establishing professional service terms and fee arrangements between service providers and their clients.

find out more

Finders Fee Agreement For Raising Capital

UAE-governed agreement defining terms for intermediary services in capital raising, including compensation and compliance with local financial regulations.

find out more

Design Fee Contract

UAE-governed agreement establishing terms and conditions for professional design services, including scope, fees, and deliverables.

find out more

Transaction Fee Agreement

UAE-governed agreement establishing transaction fee arrangements between parties, including fee structure, payment terms, and compliance requirements.

find out more

Non Refundable Fee Agreement

UAE-governed agreement establishing terms for non-refundable payments in exchange for specified services or rights, compliant with UAE Civil Code requirements.

find out more

Monthly Retainer Fee Agreement

UAE-governed agreement establishing monthly retainer arrangements for professional services with defined scope and payment terms.

find out more

Professional Fee Agreement

UAE-governed agreement establishing terms and fees for professional services provision, compliant with UAE Federal Laws and commercial regulations.

find out more

Flat Fee Retainer Agreement

UAE-governed agreement establishing fixed-fee legal services arrangement between a law firm and client, defining scope and payment terms.

find out more

Reservation Deposit Agreement

UAE-governed agreement securing property reservation through deposit payment, outlining terms between seller/developer and prospective buyer.

find out more

Non Refundable Retainer Agreement

UAE-governed agreement establishing non-refundable retainer terms between legal service providers and clients, outlining service scope and payment conditions.

find out more

Referral Contract Agreement

UAE-governed agreement establishing terms for business referrals between parties, including referral process, compensation, and obligations under UAE law.

find out more

Finder's Fee Consulting Agreement

UAE-governed agreement establishing terms for business introduction services and related success fees, compliant with UAE Federal Laws and commercial regulations.

find out more

Referral Agent Agreement

UAE-governed agreement establishing terms for business referral arrangements between a principal and referral agent, including compensation and compliance requirements.

find out more

Sourcing Fee Agreement

UAE-governed agreement establishing terms and fee structure for sourcing services, including procurement support and supplier identification.

find out more

Intermediary Fee Agreement

UAE-governed agreement establishing terms, conditions, and fee structure for intermediary services, ensuring compliance with local commercial agency laws and regulations.

find out more

Facilitation Fee Agreement

UAE-governed agreement establishing terms for legitimate facilitation services, including scope, payment terms, and compliance requirements for UAE business operations.

find out more

Guaranty Fee Agreement

A UAE law-governed agreement establishing terms for guarantee provision and associated fees, compliant with UAE Federal Laws and Islamic finance principles.

find out more

Monthly Retainer Agreement

UAE-governed agreement establishing ongoing professional services provision for a fixed monthly fee, detailing service scope and mutual obligations.

find out more

Marketing Fee Agreement

UAE-governed agreement defining marketing services terms, fee structures, and performance metrics between service providers and clients.

find out more

Lead Referral Agreement

UAE-governed agreement establishing terms for business lead referrals between parties, including compensation and compliance requirements.

find out more

Website Maintenance Contract

UAE-governed agreement outlining terms and conditions for professional website maintenance services, including service levels, technical specifications, and compliance with local digital regulations.

find out more

Guarantee Fee Agreement

UAE-governed agreement setting out terms for payment of fees in exchange for providing a guarantee, compliant with UAE banking and civil laws.

find out more

Split Fee Agreement

A UAE law-governed agreement establishing terms for fee sharing between parties, including payment terms and compliance requirements.

find out more

Reservation Fee Agreement

A UAE-compliant agreement establishing terms for property reservation and payment of reservation fees, governed by UAE real estate laws and RERA regulations.

find out more

Rental Fee Agreement

UAE-governed agreement establishing rental payment terms and conditions between landlord and tenant, compliant with UAE Federal Law and local regulations.

find out more

Early Termination Agreement

UAE-governed agreement for the mutually agreed early termination of an existing contract, including settlement terms and releases.

find out more

Flat Fee Agreement

UAE-governed agreement establishing fixed-price terms between service provider and client, with defined scope and payment terms.

find out more

Mutual Referral Agreement

UAE-governed agreement establishing terms for mutual business referrals between parties, including referral processes and compensation structures.

find out more

Consulting Fee Agreement

UAE-governed agreement setting out terms and conditions for consulting services, including scope, fees, and deliverables.

find out more

Success Fee Agreement

A UAE-law governed agreement establishing contingent payment terms based on achievement of specific success criteria, structured to comply with UAE federal laws and commercial practices.

find out more

Success Fee Consulting Agreement

UAE-governed consulting agreement linking consultant compensation to specific achieved outcomes, with payment structures and terms compliant with UAE law.

find out more

Introduction Fee Agreement

UAE-governed agreement establishing terms for business introductions and related fee arrangements between an introducer and client.

find out more

Fee Share Agreement

A UAE-governed agreement establishing terms for sharing fees or revenues between parties, compliant with UAE Federal Laws.

find out more

Royalty Fee Agreement

UAE-governed agreement establishing terms for royalty payments in exchange for intellectual property usage rights, compliant with UAE federal laws.

find out more

Management Fee Agreement

UAE-governed agreement establishing terms for management services provision and associated fee arrangements between corporate entities.

find out more

Finders Fee Agreement

UAE-governed agreement setting terms for compensating intermediaries for successful business introductions, aligned with UAE commercial laws and regulations.

find out more

Contingency Agreement

UAE-governed agreement establishing conditional arrangements between parties, defining triggering events and resulting obligations under UAE Federal Laws.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.