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Simple Real Estate Purchase Agreement Form for United Arab Emirates

Simple Real Estate Purchase Agreement Form Template for United Arab Emirates

A standardized legal document governed by UAE law that facilitates the purchase and sale of real estate property in the United Arab Emirates. This agreement outlines the essential terms and conditions of the property transaction, including detailed property specifications, purchase price, payment terms, and completion requirements. It incorporates relevant UAE federal laws and emirate-specific regulations, particularly focusing on property registration requirements and transfer procedures as mandated by the respective land departments. The document ensures compliance with local real estate laws while providing a clear framework for both parties to complete the transaction securely.

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What is a Simple Real Estate Purchase Agreement Form?

The Simple Real Estate Purchase Agreement Form is a fundamental legal document used in the United Arab Emirates for property transactions between buyers and sellers. This document is essential for any real estate purchase in the UAE, whether residential or commercial, and must comply with both federal laws and specific emirate regulations. The agreement captures all crucial aspects of the property transaction, including precise property details, payment terms, warranties, and completion requirements. It serves as the primary contract document for property transfers and is required for registration with the relevant land department. The agreement is designed to protect both parties' interests while ensuring compliance with UAE property laws, anti-money laundering regulations, and registration requirements. This standardized form is particularly useful for straightforward property transactions where no complex conditions or unusual terms are required.

What sections should be included in a Simple Real Estate Purchase Agreement Form?

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 transaction and confirmation of the Seller's right to sell the property

3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant terms

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

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

6. Payment Terms: Detailed payment schedule, method of payment, and any escrow requirements as per UAE regulations

7. Completion: Process and requirements for completion, including registration at the relevant land department

8. Seller's Obligations: Commitments and warranties from the seller, including providing clean title and necessary documentation

9. Buyer's Obligations: Commitments from the buyer, including payment obligations and registration requirements

10. Representations and Warranties: Standard warranties about property ownership, no encumbrances, and compliance with local laws

11. Default and Termination: Consequences of default by either party and termination provisions

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

13. Notices: Process for formal communications between parties

14. Execution: Signature blocks and execution requirements as per UAE law

What sections are optional to include in a Simple Real Estate Purchase Agreement Form?

1. Mortgage Provisions: Required if the buyer is obtaining mortgage financing, including specific requirements of UAE banks

2. Condition Precedents: Added when completion is subject to specific conditions such as regulatory approvals

3. Property Inspection: Detailed terms for property inspection if not conducted prior to signing

4. Service Charge Provisions: Required for properties in managed communities or buildings

5. Handover Provisions: Detailed procedures for physical handover if not occurring at completion

6. Foreign Ownership: Required provisions if the buyer is a non-UAE national, addressing relevant ownership restrictions

7. Agent Provisions: Required if real estate agents are involved in the transaction

8. VAT Provisions: Required for commercial properties or if VAT is applicable to the transaction

What schedules should be included in a Simple Real Estate Purchase Agreement Form?

1. Property Schedule: Detailed property information including floor plans, plot maps, and specifications

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

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

4. Property Certificates: Relevant certificates including building completion certificate and service charge statements

5. Inventory List: If property is sold furnished, detailed list of included items

6. Due Diligence Documents: Copies of necessary permits, approvals, and compliance certificates

7. Form of Transfer: Template transfer documents required by the relevant land department

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

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions







































Clauses





































Relevant Industries

Real Estate

Banking & Finance

Legal Services

Construction

Property Development

Property Management

Investment & Asset Management

Professional Services

Hospitality

Retail

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Operations

Investment

Asset Management

Risk Management

Contract Administration

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Investment Manager

Asset Manager

Property Valuation Specialist

Transaction Manager

Contract Administrator

Real Estate Partner

Property Portfolio Manager

Real Estate Consultant

Branch Manager - Real Estate

Chief Legal Officer

Real Estate Operations 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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