Document background
A Letter of Intent to Purchase Land is a crucial preliminary step in UAE real estate transactions, particularly for significant land acquisitions. This document is typically used when a potential buyer wishes to formally express their interest in purchasing land while reserving the right to conduct due diligence and negotiate final terms. The letter outlines key aspects such as the proposed purchase price, property details, and timeline for the transaction, while usually maintaining a non-binding nature except for specific provisions like confidentiality. In the UAE context, these letters must consider various jurisdictional requirements, including emirate-specific property laws, foreign ownership restrictions, and Land Department regulations. The document serves as a foundation for negotiations and helps parties align their expectations before proceeding to a formal Sale and Purchase Agreement.
