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Simple Real Estate Sales Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Simple Real Estate Sales Agreement

"I need a Simple Real Estate Sales Agreement for a 2-bedroom apartment in Dubai Marina, with completion scheduled for March 2025, including provisions for a 10% deposit and mortgage financing arrangements."

Document background
The Simple Real Estate Sales Agreement is a fundamental legal document used in the United Arab Emirates for property transactions between buyers and sellers. It is designed to comply with UAE federal laws, including the UAE Civil Code and specific emirate-level real estate regulations. This document is typically used for straightforward property sales transactions where parties need a clear, legally compliant agreement that covers essential elements such as property details, purchase price, payment terms, and transfer procedures. The agreement is particularly relevant in Dubai and Abu Dhabi's active real estate markets, where it helps ensure compliance with local registration requirements and property transfer regulations. It serves as both a binding contract and a necessary document for property registration with relevant Land Departments.
Suggested Sections

1. Parties: Full legal names and details of the seller and purchaser, including Emirates ID/passport numbers for individuals or trade license details for companies

2. Background: Context of the transaction and brief description of the property being sold

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

4. Property Details: Comprehensive description of the property including title deed number, property size, location, and any registered easements or encumbrances

5. Purchase Price: The agreed purchase price, payment schedule, and method of payment in accordance with UAE regulations

6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and completion payment arrangements

7. Completion: Conditions for completion, timing, and process for transfer of ownership at the relevant Land Department

8. Seller's Obligations: Responsibilities of the seller including providing necessary documentation and ensuring clean title

9. Purchaser's Obligations: Responsibilities of the purchaser including payment obligations and obtaining necessary approvals

10. Warranties: Standard warranties from both parties regarding capacity to enter into the agreement and property condition

11. Registration: Process and requirements for registering the sale with relevant authorities

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

Optional Sections

1. Condition of Property: Detailed description of property condition and any agreed repairs - used when selling existing properties

2. Mortgage: Terms relating to existing or new mortgage arrangements - included when property is or will be mortgaged

3. Property Management: Arrangements for property management during transition - relevant for income-producing properties

4. Tenancy: Details of existing tenancy if property is sold with sitting tenants

5. Foreign Ownership: Additional provisions required for foreign buyers - included when purchaser is not a UAE/GCC national

6. Service Charge: Provisions regarding outstanding and future service charges - relevant for properties in managed developments

7. Broker Provisions: Terms relating to real estate brokers' involvement and commission - included when brokers are involved

Suggested Schedules

1. Property Schedule: Detailed technical description of the property including floor plans and specifications

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

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

4. Property Condition Report: Detailed report on property condition with photographs

5. Existing Tenancy Documents: Copies of current tenancy contracts and related documents if applicable

6. Service Charge Statement: Statement of current and outstanding service charges

7. Required Permits: Copies of relevant permits and certificates required for the sale

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

Construction

Banking & Finance

Legal Services

Property Development

Property Management

Investment & Asset Management

Hospitality

Retail

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Sales

Business Development

Property Management

Asset Management

Investment

Contract Administration

Risk Management

Relevant Roles

Real Estate Agent

Property Manager

Legal Counsel

Compliance Officer

Real Estate Director

Investment Manager

Property Developer

Sales Manager

Contract Administrator

Real Estate Transaction Coordinator

Business Development Manager

Asset Manager

Property Consultant

Real Estate Portfolio Manager

Chief Investment Officer

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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