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Joint Development Agreement Between Landowner And Builder Template for United Arab Emirates

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Key Requirements PROMPT example:

Joint Development Agreement Between Landowner And Builder

"I need a Joint Development Agreement Between Landowner And Builder for a luxury residential tower project in Dubai Marina, where the landowner will contribute the land valued at AED 50 million and receive 40% profit share, with construction expected to commence in March 2025."

Document background
A Joint Development Agreement Between Landowner And Builder is a crucial document in the UAE real estate sector, particularly utilized when a landowner wishes to develop their property but lacks construction expertise or resources. This agreement type is common in Dubai, Abu Dhabi, and other emirates, where rapid development and complex property projects require clear legal frameworks. The document addresses all aspects of the development process, from initial planning through to completion, including regulatory compliance, profit-sharing mechanisms, and risk allocation. It must comply with UAE Federal Laws, local emirate regulations, and RERA requirements where applicable. The agreement is particularly important given the UAE's unique legal framework combining civil law principles with local property regulations and Islamic law considerations.
Suggested Sections

1. Parties: Identification and details of the landowner and builder/developer

2. Background: Context of the development project, including property details and development objectives

3. Definitions and Interpretation: Defined terms and interpretation rules used throughout the agreement

4. Project Scope: Detailed description of the development project, including nature and extent of works

5. Land Contribution: Terms of land provision, title verification, and related obligations of the landowner

6. Development Obligations: Builder's obligations regarding construction, including quality standards and timelines

7. Regulatory Compliance: Obligations regarding permits, approvals, and compliance with UAE laws and regulations

8. Financial Terms: Financial structure, profit sharing, costs allocation, and payment terms

9. Project Timeline: Development milestones, completion dates, and extension provisions

10. Quality and Standards: Construction standards, materials specifications, and quality control processes

11. Representations and Warranties: Parties' representations regarding capacity, authority, and title

12. Risk Allocation: Distribution of risks between parties, including construction and market risks

13. Insurance: Required insurance coverage and related obligations

14. Default and Termination: Events of default, remedies, and termination provisions

15. Dispute Resolution: Procedures for resolving disputes, including UAE jurisdiction requirements

16. General Provisions: Standard boilerplate clauses adapted for UAE law

Optional Sections

1. Project Management: Structure and procedures for project management when a separate project manager is appointed

2. Marketing and Sales: Terms for marketing and selling units in developments intended for sale

3. Environmental Compliance: Additional environmental obligations for environmentally sensitive projects

4. Community Facilities: Provisions for development of shared facilities in larger community projects

5. Financing Arrangements: Specific provisions when external project financing is involved

6. Escrow Arrangements: Details of escrow account management where required by local law

7. Phasing Provisions: Specific provisions for phased developments

8. Islamic Finance Compliance: Additional provisions for Sharia-compliant financing structures

Suggested Schedules

1. Property Description: Detailed legal description of the development land, including title details and plans

2. Development Plans: Architectural drawings, plans, and specifications

3. Construction Timeline: Detailed construction schedule with milestones

4. Financial Model: Detailed financial projections and profit-sharing calculations

5. Technical Specifications: Detailed construction and material specifications

6. Required Approvals: List of required regulatory approvals and permits

7. Form of Warranties: Standard forms of construction warranties

8. Insurance Requirements: Detailed insurance specifications and requirements

9. Project Team: Key personnel and responsibilities

10. Quality Control Procedures: Detailed quality assurance and control procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Construction

Property Development

Infrastructure

Hospitality

Retail

Commercial Property

Residential Property

Mixed-use Development

Industrial Development

Relevant Teams

Legal

Real Estate

Development

Construction

Commercial

Operations

Risk Management

Property Management

Technical Services

Corporate Affairs

Relevant Roles

Real Estate Director

Development Manager

Construction Manager

Legal Counsel

Project Manager

Chief Development Officer

Property Director

Contract Manager

Commercial Director

Risk Manager

Investment Manager

Asset Manager

Corporate Lawyer

Technical Director

Operations Director

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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