Real Estate Bill Of Sale

Real Estate Bill Of Sale Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Real Estate Bill of Sale for a commercial warehouse property in Dubai Industrial City, with completion scheduled for March 2025, including specific provisions for existing tenant arrangements and equipment transfer."

Document background

The Real Estate Bill of Sale is a fundamental document in UAE property transactions, used to formally document and execute the transfer of real estate ownership. It is essential for both residential and commercial property transfers in the UAE, requiring compliance with federal laws such as the UAE Civil Code and specific emirate-level property regulations. This document must be prepared when any real estate property is being sold and transferred in the UAE, containing crucial information such as party details, property specifications, purchase price, and transfer terms. The document plays a vital role in the property registration process with the relevant Land Department and serves as official evidence of the transaction. A properly executed Real Estate Bill of Sale is required for the legal transfer of property ownership and must meet specific formatting and content requirements set by UAE authorities.

Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details as required by UAE law

2. Background: Brief context of the sale and confirmation of the Seller's ownership rights

3. Definitions: Key terms used throughout the document including Property, Purchase Price, Completion Date, and relevant UAE legal terms

4. Property Details: Comprehensive description of the property including plot number, municipality number, and registration details as per UAE land department requirements

5. Purchase Price: Agreed purchase price in AED and payment terms including deposit and completion payment structure

6. Transfer of Ownership: Process and obligations for transferring property ownership through the relevant land department

7. Seller's Warranties: Legal warranties about property ownership, absence of encumbrances, and compliance with UAE property laws

8. Completion Requirements: Documentation and procedures required for completion as per UAE land department regulations

9. Costs and Fees: Allocation of registration fees, transfer fees, and other costs as per UAE requirements

10. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction of UAE courts

Optional Sections

1. Mortgage Status: Required if the property has an existing mortgage that needs to be discharged

2. Foreign Ownership: Required for non-UAE national buyers, including specific requirements and restrictions

3. Property Management Handover: Required for properties in managed communities with service charges

4. Condition of Property: Optional detailed description of property condition and any agreed repairs

5. NOC Requirements: Required if the property is in a development requiring developer NOC for transfer

6. Power of Attorney: Required if either party is acting through an authorized representative

Suggested Schedules

1. Property Title Deed: Copy of current title deed and property ownership documentation

2. Property Plans: Official floor plans and location maps as registered with land department

3. Inventory List: List of fixtures, fittings, and furnishings included in the sale

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Due Diligence Documents: Copies of service charge statements, maintenance records, and relevant permits

6. Identity Documents: Copies of required identification documents for all parties as per UAE requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Clauses

Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Property Management

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Sales

Property Management

Documentation

Contracts Administration

Business Development

Investment

Risk Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Real Estate Agent

Property Developer

Compliance Officer

Contract Manager

Real Estate Transaction Specialist

Property Acquisition Manager

Sales Director

Real Estate Investment Manager

Legal Director

Property Portfolio Manager

Real Estate Administrator

Documentation Specialist

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Authors

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