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Registered Agreement For Sale Of Property Template for United Arab Emirates

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Key Requirements PROMPT example:

Registered Agreement For Sale Of Property

"I need a Registered Agreement for Sale of Property for a luxury villa in Dubai Marina, where the buyer is a foreign corporation requiring special permissions, with completion scheduled for March 2025 and including specific provisions for existing tenant rights."

Document background
The Registered Agreement For Sale Of Property is a mandatory legal instrument in the United Arab Emirates for documenting and executing property transactions. It serves as the primary contract between property sellers and buyers, whether individuals or corporate entities, and must be registered with the relevant Land Department to ensure legal validity. The agreement is structured to comply with UAE Federal Law No. 5 of 1985 (Civil Code) and various emirate-specific property regulations. It includes essential details such as property specifications, payment terms, warranties, and completion requirements, while also incorporating necessary provisions for property registration and transfer procedures. This document is particularly crucial in the UAE's dynamic real estate market, where property transactions must follow strict regulatory requirements to ensure legal protection for all parties involved.
Suggested Sections

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

2. Background: Context of the sale, confirmation of seller's ownership, and brief property description

3. Definitions: Key terms used throughout the agreement, including technical and legal terminology specific to UAE property law

4. Property Details: Comprehensive description of the property including title deed number, plot number, 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 monetary regulations

6. Payment Terms: Detailed payment structure, installment dates, and consequences of default

7. Completion: Process and requirements for transfer of ownership, including registration procedures with relevant land department

8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE property laws

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

10. Handover: Terms and conditions for physical possession transfer and property inspection

11. Registration: Procedures for property registration with the relevant land department and associated costs

12. Termination: Circumstances allowing contract termination and consequences thereof

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction of UAE courts

14. Notices: Communication procedures between parties as per UAE requirements

15. Execution: Signature requirements and authentication procedures as per UAE law

Optional Sections

1. Mortgage Arrangements: Required if buyer is obtaining mortgage financing, detailing bank involvement and requirements

2. Property Management: Needed for properties in managed communities, describing service charges and community rules

3. Condition of Property: Detailed when property requires repairs or modifications before completion

4. Broker Details: Required when real estate brokers are involved, including RERA registration details

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

6. Power of Attorney: Needed when any party is acting through an authorized representative

7. Escrow Arrangements: Required for off-plan properties or when using escrow services

8. Tenancy Rights: Required if property is currently tenanted, addressing existing lease agreements

Suggested Schedules

1. Property Schedule: Detailed property specifications, including floor plans and area calculations

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

3. Title Documents: Copies of title deed and other ownership documents

4. Property Disclosure Statement: Mandatory disclosure of property condition and known defects

5. Service Charge Statement: Details of ongoing service charges and maintenance fees

6. Due Diligence Documents: Relevant property documentation including NOCs and certificates

7. Handover Protocol: Detailed checklist for property inspection and handover process

8. Required Permits: Copies of relevant permits and approvals from authorities

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


















































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Relevant Industries

Real Estate

Property Development

Construction

Banking & Finance

Legal Services

Investment & Asset Management

Property Management

Urban Planning

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Business Development

Property Management

Asset Management

Investment

Finance

Operations

Corporate Affairs

Facilities Management

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Real Estate Broker

Property Developer

Investment Manager

Asset Manager

Property Valuation Specialist

Contract Administrator

Business Development Manager

Risk Manager

Property Portfolio Manager

Real Estate Consultant

Transaction Manager

Chief Legal Officer

Real Estate Finance Manager

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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