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Real Estate Transfer Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Real Estate Transfer Agreement

I need a Real Estate Transfer Agreement for a commercial office property in Dubai Business Bay, transferring from a UAE-based corporate seller to a foreign corporate buyer, with completion scheduled for March 2025 and including specific foreign ownership compliance clauses.

Document background
The Real Estate Transfer Agreement is a crucial document used in the United Arab Emirates for property transactions between sellers and buyers, whether individuals or corporate entities. It serves as the primary instrument for documenting property transfers in compliance with UAE federal laws and emirate-specific regulations. The agreement is particularly important given the UAE's complex property ownership rules, including foreign ownership restrictions in certain areas and specific registration requirements. This document is essential for both residential and commercial property transfers, incorporating all necessary elements required by the UAE Land Departments, such as property details, payment terms, warranties, and completion procedures. The agreement must align with recent UAE property laws, including Federal Decree-Law No. 24 of 2023, and relevant emirate-specific property regulations.
Suggested Sections

1. Parties: Detailed identification of the Seller and Buyer, including Emirates ID numbers for UAE nationals/residents, passport details for foreign buyers, and trade license details for corporate entities

2. Background: Context of the transaction, including brief property history and current ownership status

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

4. Property Details: Comprehensive description of the property including title deed number, property size, location, and registration details with the relevant land department

5. Purchase Price and Payment Terms: Detailed breakdown of the purchase price, payment schedule, and method of payment in compliance with UAE regulations

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

7. Seller's Warranties: Seller's representations regarding property ownership, absence of disputes, and compliance with local laws

8. Buyer's Warranties: Buyer's representations regarding financial capacity and compliance with UAE property ownership laws

9. Completion: Details of the completion process, including registration requirements and handover procedures

10. Costs and Fees: Allocation of transaction costs, including registration fees, transfer fees, and agent commission

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant emirate's courts' jurisdiction

Optional Sections

1. Mortgage Details: Required if the property is currently mortgaged or if the purchase involves new mortgage financing

2. Foreign Ownership Declaration: Required for non-UAE/GCC buyers, confirming compliance with foreign ownership restrictions

3. Property Management Handover: Required for properties in managed communities or buildings

4. Tenant Rights: Required if the property is currently leased to tenants

5. Condition Precedents: Required when completion is subject to specific conditions such as regulatory approvals

6. NOC Requirements: Required when No Objection Certificates are needed from developers or authorities

7. Escrow Arrangements: Required when payment is to be held in escrow pending conditions

8. Service Charge Settlement: Required for properties in managed communities to address outstanding service charges

Suggested Schedules

1. Schedule 1 - Property Details: Detailed technical description of the property, including floor plans and area calculations

2. Schedule 2 - Title Documents: Copies of title deed and other ownership documents

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

4. Schedule 4 - Property Condition Report: Current condition of the property and any agreed repairs or modifications

5. Schedule 5 - Inventory: List of included fixtures, fittings, and furniture if applicable

6. Appendix A - Required Documents: List of documents required from both parties for completion

7. Appendix B - Registration Procedures: Step-by-step process for property registration with relevant authorities

8. Appendix C - Power of Attorney: If applicable, POA documents for representation in the transaction

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Property Development

Banking & Finance

Legal Services

Construction

Property Management

Investment & Asset Management

Professional Services

Real Estate Investment Trusts (REITs)

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Asset Management

Investment

Operations

Risk Management

Corporate Affairs

Business Development

Documentation

Transaction Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Investment Manager

Asset Manager

Property Portfolio Manager

Real Estate Director

Transaction Manager

Contracts Manager

Legal Director

Chief Legal Officer

Real Estate Partner

Property Consultant

Development Manager

Real Estate Investment Analyst

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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