The Offer to Purchase Contract serves as a critical document in UAE property transactions, initiating the formal process of property acquisition. It is primarily used when a potential buyer wishes to formalize their intention to purchase property, whether commercial, residential, or industrial. The document must comply with UAE federal laws, including the Civil Code and Commercial Transactions Law, as well as specific emirate-level property regulations. This contract typically includes detailed property specifications, purchase price, payment terms, due diligence provisions, and conditions precedent. It forms the foundation for the subsequent sale and purchase agreement, incorporating necessary provisions for property registration with relevant authorities such as the Dubai Land Department or equivalent authorities in other emirates. The document should be prepared in both Arabic and English, with clear specification of the prevailing language version.
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1. Parties: Identification of the Offeror and Property Owner/Seller, including full legal names, addresses, and registration details if companies
2. Background: Brief context of the transaction and purpose of the offer
3. Definitions: Key terms used throughout the document, including Property, Purchase Price, Deposit, Completion Date
4. Property Details: Comprehensive description of the property including title deed number, location, size, and any inclusions/exclusions
5. Purchase Price: Statement of the offered purchase price and payment structure
6. Payment Terms: Detailed breakdown of payment schedule, deposit requirements, and payment methods
7. Due Diligence: Period and scope of due diligence investigations permitted
8. Conditions Precedent: Conditions that must be satisfied before the contract becomes binding
9. Completion: Process and requirements for completion of the purchase
10. Seller's Warranties: Warranties regarding property ownership, condition, and encumbrances
11. Default and Termination: Consequences of default by either party and termination rights
12. Governing Law and Jurisdiction: Specification of UAE law and relevant emirate's courts
13. Execution: Signature blocks and execution requirements
1. Broker/Agent Details: Include if a real estate broker or agent is involved in the transaction
2. Financing Contingency: Include if the purchase is contingent on the buyer obtaining financing
3. Property Management: Include if there are interim property management arrangements
4. Tenant Rights: Include if the property is currently leased to tenants
5. Escrow Arrangements: Include if an escrow agent will be used for the transaction
6. Force Majeure: Include specific force majeure provisions if required beyond standard UAE law provisions
7. Language Precedence: Include if the contract is bilingual to specify which language version prevails
1. Property Schedule: Detailed property description, including plans, drawings, and specifications
2. Payment Schedule: Detailed breakdown of payment installments and timing
3. Due Diligence Documents: List of required due diligence documents to be provided by the seller
4. Property Condition Report: Current condition of the property and any known defects
5. Title Documents: Copies of title deed and other relevant property ownership documents
6. Inventory: List of any furnishings or equipment included in the sale
7. Required Approvals: List of necessary governmental or regulatory approvals
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Commercial Property
Residential Property
Industrial Property
Retail
Hospitality
Office Space
Manufacturing
Logistics
Healthcare
Education
Relevant Teams
Legal
Real Estate
Property Management
Acquisitions
Finance
Compliance
Corporate Development
Investment
Operations
Risk Management
Business Development
Relevant Roles
Real Estate Manager
Property Acquisition Manager
Legal Counsel
Corporate Lawyer
Real Estate Agent
Property Developer
Investment Manager
Facilities Manager
Contract Manager
Compliance Officer
Chief Financial Officer
Real Estate Director
Asset Manager
Business Development Manager
Property Portfolio Manager
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