Simple Real Estate Purchase Agreement Form Template for United Arab Emirates

The Simple Real Estate Purchase Agreement Form is a fundamental legal document used in the United Arab Emirates for property transactions between buyers and sellers. This document is essential for any real estate purchase in the UAE, whether residential or commercial, and must comply with both federal laws and specific emirate regulations. The agreement captures all crucial aspects of the property transaction, including precise property details, payment terms, warranties, and completion requirements. It serves as the primary contract document for property transfers and is required for registration with the relevant land department. The agreement is designed to protect both parties' interests while ensuring compliance with UAE property laws, anti-money laundering regulations, and registration requirements. This standardized form is particularly useful for straightforward property transactions where no complex conditions or unusual terms are required.

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Brief context of the transaction and confirmation of the Seller's right to sell the property

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terms

4. Property Details: Comprehensive description of the property including address, size, plot number, and registration details as per UAE land department requirements

5. Purchase Price: Agreed purchase price in AED and payment structure, including deposit and completion payment details

6. Payment Terms: Detailed payment schedule, method of payment, and any escrow requirements as per UAE regulations

7. Completion: Process and requirements for completion, including registration at the relevant land department

8. Seller's Obligations: Commitments and warranties from the seller, including providing clean title and necessary documentation

9. Buyer's Obligations: Commitments from the buyer, including payment obligations and registration requirements

10. Representations and Warranties: Standard warranties about property ownership, no encumbrances, and compliance with local laws

11. Default and Termination: Consequences of default by either party and termination provisions

12. Governing Law and Jurisdiction: Confirmation of UAE law application and relevant emirate's courts' jurisdiction

13. Notices: Process for formal communications between parties

14. Execution: Signature blocks and execution requirements as per UAE law