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Agreement For Sale Of Immovable Property Template for United Arab Emirates

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Key Requirements PROMPT example:

Agreement For Sale Of Immovable Property

"I need an Agreement For Sale Of Immovable Property for a residential villa in Dubai Marina, with a completion date of March 15, 2025, where the buyer is an individual UAE resident and the property is being sold free of any tenancies or encumbrances."

Document background
The Agreement For Sale Of Immovable Property is a crucial legal document used in the United Arab Emirates for property transactions. It is essential for any transfer of real estate ownership, whether residential or commercial, and must comply with the UAE Civil Code (Federal Law No. 5 of 1985) and relevant emirate-specific property laws. This agreement is required when transferring ownership of any immovable property in the UAE, including land, buildings, apartments, or commercial units. It contains all necessary elements required by UAE law, including detailed property descriptions, payment terms, warranties, and registration requirements. The document serves as the primary contract between seller and buyer, forming the basis for property registration with relevant authorities and subsequent transfer of ownership. It must be drafted in accordance with specific UAE legal requirements and often requires registration with the local Land Department.
Suggested Sections

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

2. Background: Context of the transaction including brief property description and parties' intention to enter into sale agreement

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

4. Sale and Purchase: Core agreement for sale and purchase of the property, including the seller's obligation to sell and buyer's obligation to purchase

5. Property Details: Comprehensive description of the property including location, size, registration details, and any included fixtures and fittings

6. Purchase Price: Detailed breakdown of the purchase price, payment schedule, and method of payment in compliance with UAE regulations

7. Completion: Process and requirements for completion of the sale, including documentation, registration, and handover procedures

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with local laws

9. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with payment obligations

10. Registration: Requirements and procedures for registering the property transfer with relevant authorities

11. Costs and Taxes: Allocation of transaction costs, registration fees, and applicable taxes between parties

12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts

Optional Sections

1. Condition of Property: Detailed description of property condition and any agreed repairs - used when property is being sold in 'as is' condition or requires specific work

2. Mortgage and Finance: Terms relating to mortgage arrangements - included when buyer is obtaining mortgage financing

3. Off-Plan Provisions: Specific provisions for off-plan properties including completion timelines and developer obligations - used for off-plan sales

4. Service Charge: Details of service charge obligations and handover of responsibility - used for properties in managed developments

5. Defect Liability: Provisions for dealing with defects discovered after completion - particularly important for new properties

6. Foreign Ownership: Additional provisions required for foreign buyers - used when purchaser is not a UAE national

7. Tenancy Provisions: Provisions dealing with existing tenancies - used when property is sold with sitting tenants

8. Property Management: Arrangements for property management during transition period - used for commercial properties or managed residential units

Suggested Schedules

1. Property Schedule: Detailed legal description of the property including title deed details, plot number, and area plan

2. Payment Schedule: Detailed breakdown of payment installments and due dates

3. Inventory: List of fixtures, fittings, and other items included in the sale

4. Property Documents: List of all documents relating to the property to be handed over on completion

5. Outstanding Matters: List of any matters to be resolved before or after completion

6. Completion Requirements: Checklist of documents and actions required for completion

7. Form of Transfer: Template transfer documents required by the relevant land department

Authors

Alex Denne

Head of Growth (Open Source Law) @ 抖阴短视频 | 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

Residential Property

Commercial Property

Property Development

Banking and Finance

Construction

Property Investment

Property Management

Legal Services

Real Estate Investment Trusts (REITs)

Relevant Teams

Legal

Real Estate

Property Management

Sales

Compliance

Corporate Services

Contract Management

Investment

Operations

Business Development

Risk Management

Finance

Relevant Roles

Real Estate Manager

Property Developer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Sales Manager

Contract Manager

Real Estate Investment Manager

Property Lawyer

Transaction Manager

Corporate Counsel

Chief Legal Officer

Real Estate Director

Development Manager

Sales Director

Property Portfolio Manager

Legal Operations Manager

Real Estate Finance 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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