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Agreement To Sell Land
"I need an Agreement To Sell Land for a commercial plot in Dubai Silicon Oasis, where the buyer is a foreign technology company requiring specific development commitments and the completion date is set for March 15, 2025."
1. Parties: Identification of the seller and buyer with full legal names, addresses, and Emirates ID numbers
2. Background: Context of the transaction, including brief property history and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed legal description of the land including plot number, size, location, and boundaries
5. Purchase Price: Agreed purchase price and payment structure, including deposit arrangements
6. Payment Terms: Detailed payment schedule, method of payment, and consequences of default
7. Title and Registration: Confirmation of seller's ownership and process for title transfer at the Land Department
8. Completion: Process and requirements for completion of the sale, including timing and location
9. Seller's Warranties: Warranties regarding ownership, encumbrances, and property condition
10. Buyer's Warranties: Warranties regarding capacity to purchase and compliance with UAE ownership laws
11. Pre-Completion Obligations: Responsibilities of both parties before completion
12. Transfer of Ownership: Process and requirements for transferring ownership at the relevant Land Department
13. Costs and Taxes: Allocation of registration fees, transfer fees, and other transaction costs
14. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction
15. Notices: Process for serving formal notices between parties
16. General Provisions: Standard contractual provisions including severability and entire agreement clauses
1. Condition of Property: Detailed description of property condition, used when selling developed land
2. Development Obligations: Include when the land is subject to development requirements or restrictions
3. Mortgage Details: Required when the property has an existing mortgage to be discharged
4. Power of Attorney: Include when either party is acting through an attorney
5. Escrow Arrangements: Details of escrow account when required for the transaction
6. Due Diligence Period: Include when buyer requires time for additional property investigations
7. Foreign Ownership Compliance: Required for non-UAE national buyers
8. Service Charges: Include for properties within managed developments
9. Environmental Matters: Required for industrial or potentially contaminated land
1. Property Plan: Official survey plan and property boundaries
2. Title Documents: Copies of existing title deed and ownership documents
3. Payment Schedule: Detailed breakdown of payment installments and dates
4. Property Permits: Copies of relevant building permits and certificates
5. Land Department Requirements: List of documents required for transfer at Land Department
6. Encumbrances Schedule: Details of any existing encumbrances, easements or restrictions
7. Due Diligence Documents: List of documents provided for buyer's due diligence
8. Property Photographs: Recent photographs of the land and any structures
9. Completion Requirements: Checklist of items required for completion
Authors
Real Estate
Construction
Property Development
Banking & Finance
Agriculture
Industrial
Retail
Hospitality
Commercial Property
Residential Property
Infrastructure Development
Legal
Real Estate
Compliance
Finance
Property Management
Investment
Operations
Risk Management
Facilities
Business Development
Real Estate Director
Property Manager
Legal Counsel
Compliance Officer
Land Acquisition Manager
Development Manager
Investment Manager
Real Estate Broker
Property Lawyer
Chief Financial Officer
Facilities Manager
Asset Manager
Real Estate Consultant
Transaction Manager
Due Diligence Specialist
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