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Legal Real Estate Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Legal Real Estate Contract

"I need a Legal Real Estate Contract for purchasing a 2-bedroom apartment in Dubai Marina from an individual seller, with completion scheduled for March 2025, including provisions for existing tenant rights and mortgage financing arrangements."

Document background
The Legal Real Estate Contract is a fundamental document used in the United Arab Emirates for property transactions, essential for both residential and commercial property transfers. It serves as the primary legal instrument for documenting property sales in compliance with UAE federal laws, emirate-specific regulations, and RERA requirements. This contract type is mandatory for all property transfers in the UAE and must be registered with the relevant Land Department. It includes crucial elements such as party identification, property details, payment terms, and completion requirements, while addressing specific UAE considerations such as foreign ownership restrictions, property registration procedures, and compliance with Islamic law principles. The document is particularly important given the UAE's strict property regulations and the need for clear documentation in real estate transactions.
Suggested Sections

1. Parties: Detailed identification of buyer and seller, including Emirates ID numbers, passport details, and company information if applicable

2. Background: Context of the transaction, including property market status and any relevant pre-contractual arrangements

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to UAE real estate

4. Property Details: Comprehensive description of the property, including title deed number, location, size, and any registered encumbrances

5. Purchase Price: Detailed breakdown of the purchase price, payment schedule, and payment methods acceptable under UAE law

6. Payment Terms: Specific conditions for payment, including installment details, deposit requirements, and escrow arrangements

7. Completion: Requirements and process for completing the transaction, including registration with relevant authorities

8. Seller's Obligations: Responsibilities of the seller including property handover and document provision

9. Buyer's Obligations: Responsibilities of the buyer including payment and compliance with registration requirements

10. Warranties and Representations: Legal guarantees from both parties regarding their capacity to enter the agreement and property status

11. Default and Termination: Consequences of breach and conditions for contract termination

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

13. Notices: Process for formal communications between parties

14. Entire Agreement: Confirmation that the contract represents the complete understanding between parties

Optional Sections

1. Condition Precedents: Used when completion depends on specific conditions being met first, such as mortgage approval or NOC acquisition

2. Property Management: Required for properties in managed communities or with shared facilities

3. Tenant Rights: Included when the property is sold with existing tenants

4. Development Completion: Necessary for off-plan properties, including construction milestones and developer obligations

5. Financing Arrangements: Required when purchase involves mortgage or Islamic financing

6. Service Charges: Included for properties in managed communities with ongoing service fees

7. Car Parking: Required when dealing with allocated parking spaces in apartment buildings

8. Foreign Ownership: Necessary when buyer is non-UAE national, addressing specific ownership restrictions

Suggested Schedules

1. Property Plan: Detailed floor plans, plot maps, and property boundaries

2. Title Deed: Copy of current title deed and translation if required

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

4. Property Inventory: List of fixtures, fittings, and items included in the sale

5. Due Diligence Report: Results of property inspection and legal status verification

6. Service Charge Statement: Current and projected service charges for the property

7. NOC Documents: Required No Objection Certificates from relevant authorities

8. Power of Attorney: If applicable, properly authenticated power of attorney documents

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

Relevant legal definitions












































Clauses











































Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Residential Property

Islamic Finance

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Investment

Operations

Asset Management

Contract Administration

Due Diligence

Risk Management

Transaction Advisory

Property Development

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Property Developer

Investment Manager

Asset Manager

Real Estate Transaction Manager

Contract Administrator

Property Valuation Specialist

Land Registration Officer

Real Estate Investment Advisor

Property Portfolio Manager

Legal Director

Real Estate Operations 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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