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Deed Of Ownership

Deed Of Ownership Template for United Arab Emirates

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Key Requirements PROMPT example:

Deed Of Ownership

"I need a Deed of Ownership for transferring a commercial warehouse property in Dubai Industrial City to my company from its current corporate owner, with completion scheduled for March 2025; the property has existing tenant leases that need to be acknowledged in the document."

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Document background
A Deed of Ownership is a crucial legal instrument in the UAE's property market, used to formally document and transfer real estate ownership rights. This document is essential when purchasing or transferring property ownership and must comply with UAE federal laws, emirate-specific regulations, and Sharia law principles. The deed must be registered with the relevant Land Department and includes comprehensive details about the property, parties involved, consideration, and various legal declarations and warranties. It's particularly important to note that in the UAE, property ownership rules can vary between emirates and may have specific requirements for foreign owners. The Deed of Ownership serves as the primary evidence of property rights and is a fundamental requirement for any property transaction in the UAE.
Suggested Sections

1. Parties: Details of the transferor (current owner) and transferee (new owner), including full legal names, Emirates ID numbers, and complete contact information

2. Background: Brief history of the property ownership and context for the transfer

3. Definitions: Key terms used throughout the deed, including legal and technical property terminology

4. Property Details: Comprehensive description of the property including plot number, location, size, boundaries, and any registered easements

5. Consideration: Details of the purchase price or value of the property transfer

6. Transfer of Ownership: Express declaration of transfer of ownership rights from transferor to transferee

7. Warranties and Representations: Confirmations regarding property title, absence of encumbrances, and authority to transfer

8. Registration Requirements: Details of the registration process and requirements with relevant land department

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

10. Execution: Formal execution block including witness requirements and attestation details

Optional Sections

1. Mortgage Details: Required if the property is subject to any existing mortgage or will be mortgaged as part of the transaction

2. Usage Restrictions: Required if there are specific restrictions on property usage or development

3. Service Charges: Required for properties in managed communities with ongoing service charge obligations

4. Foreign Ownership Declaration: Required when the transferee is a non-UAE national, confirming compliance with foreign ownership restrictions

5. Power of Attorney: Required if any party is acting through an attorney

6. Spouse Consent: Required in cases where matrimonial property rights may be affected

Suggested Schedules

1. Property Title Deed: Copy of the original title deed and translation if not in Arabic

2. Property Plans: Detailed architectural plans, plot maps, and location plans

3. Land Department NOC: No objection certificate from relevant land department

4. Property Photographs: Recent photographs of the property's interior and exterior

5. Previous Transfer Documents: Copies of previous transfer documentation if relevant

6. Identification Documents: Copies of parties' Emirates ID, passports, and other identification documents

7. Payment Evidence: Proof of payment or consideration for the transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

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Government Services

Investment & Asset Management

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Hospitality

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Relevant Teams

Legal

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Asset Management

Risk Management

Corporate Affairs

Operations

Investment

Documentation

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Real Estate Agent

Property Developer

Investment Manager

Asset Manager

Corporate Lawyer

Conveyancing Manager

Title Officer

Real Estate Transaction Specialist

Property Registration Officer

Legal Director

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

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