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Property Purchase Agreement

Property Purchase Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Property Purchase Agreement Template

"I need a Property Purchase Agreement Template for a luxury villa in Dubai Marina, involving an international corporate buyer with a planned completion date in March 2025, including provisions for furniture and fittings transfer and specific payment milestone requirements."

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Document background
The Property Purchase Agreement Template is a foundational document used in the United Arab Emirates for real estate transactions, designed to facilitate the legal transfer of property ownership while ensuring compliance with UAE federal laws and emirate-specific regulations. This template is essential for both residential and commercial property transactions, incorporating crucial elements such as property registration requirements, payment structures, and completion procedures specific to the UAE market. The document serves as a comprehensive framework for property transactions, addressing both local and international investor needs while maintaining alignment with UAE Land Department requirements and Islamic finance principles where applicable. It is particularly valuable in the UAE's dynamic real estate market, where clear documentation and legal compliance are paramount for successful property transfers.
Suggested Sections

1. Parties: Identification of seller and purchaser with full legal names, Emirates ID numbers, passport numbers, and contact details as required by UAE law

2. Background: Context of the transaction, including brief property description and parties' intention to enter into sale and purchase agreement

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

4. Property Details: Comprehensive description of the property including title deed number, property size, location, and registration details as per UAE land department requirements

5. Purchase Price: Agreed purchase price, payment schedule, and method of payment in compliance with UAE regulations

6. Payment Terms: Detailed payment structure including deposit, installments, and final payment, with specific reference to UAE escrow requirements where applicable

7. Completion: Conditions for completion, timing, and processes for property registration transfer at the relevant land department

8. Seller's Obligations: Seller's commitments including providing necessary documentation, clearing utilities, and ensuring property is free from encumbrances

9. Purchaser's Obligations: Purchaser's commitments including payment obligations, due diligence requirements, and registration responsibilities

10. Warranties and Representations: Standard warranties from both parties, including seller's authority to sell and property condition guarantees

11. Default and Termination: Consequences of default by either party and termination provisions in line with UAE property laws

12. Notices: Process for serving formal notices between parties

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

14. Execution: Signature blocks complying with UAE requirements for legal documentation

Optional Sections

1. Off-Plan Provisions: Additional terms for off-plan properties including construction timelines, developer obligations, and handover procedures

2. Mortgage Provisions: Terms relating to property financing and mortgage arrangements where applicable

3. Condition Precedents: Specific conditions that must be met before completion, such as obtaining No Objection Certificates

4. Service Charge Provisions: Terms regarding ongoing service charges and maintenance fees for properties in managed communities

5. Furniture and Fixtures: Details of any furniture or fixtures included in the sale

6. Defect Liability: Terms regarding responsibility for existing or future defects, particularly relevant for new properties

7. Property Management: Arrangements for property management during transition period

8. Assignment Rights: Terms regarding the right to assign the agreement to third parties

9. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

10. Dispute Resolution: Alternative dispute resolution procedures including arbitration options

Suggested Schedules

1. Property Floor Plan: Detailed floor plan and property layout as registered with relevant authorities

2. Title Deed Copy: Copy of current title deed showing ownership and property details

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

4. Property Inventory: List of included fixtures, fittings, and furniture if applicable

5. Property Certificates: Relevant certificates including building completion certificate, NOCs, and compliance certificates

6. Service Charge Statement: Current service charge statement and payment history

7. Due Diligence Documents: Copies of utility bills, maintenance records, and other relevant property documentation

8. Registration Requirements: List of documents required for property registration transfer

9. Property Photos: Current dated photographs of the property condition

10. Developer Documentation: Relevant developer certificates and warranties for new properties

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
Relevant legal definitions








































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Relevant Industries

Real Estate

Construction

Banking & Finance

Legal Services

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Property Management

Asset Management

Investment

Risk Management

Operations

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Compliance Officer

Real Estate Director

Property Developer

Investment Manager

Asset Manager

Transaction Manager

Real Estate Consultant

Legal Director

Contract Manager

Business Development Manager

Sales 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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