The Acknowledgement Receipt For Real Property Sales is a fundamental document in UAE real estate transactions, required under various federal and emirate-level property laws. This document serves as official evidence of payment and forms part of the mandatory documentation for property transfers in the UAE. It must be prepared in accordance with UAE Civil Code requirements and specific emirate regulations, particularly in major real estate markets like Dubai and Abu Dhabi. The receipt should be issued immediately upon payment and typically precedes the final transfer of property ownership in the relevant land department registry. It includes critical information such as party details, property specifications, transaction value, and payment confirmation, making it an essential document for both legal compliance and audit purposes. The document is particularly important for proving the financial aspect of property transactions and may be required for various purposes including property registration, tax compliance, and dispute resolution.
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1. Receipt Header: Document title, date, receipt number, and emirate location of the transaction
2. Parties: Full legal names, Emirates ID/passport numbers, and contact details of both seller and buyer
3. Property Details: Comprehensive property identification including title deed number, property size, location, and any unique identifiers
4. Transaction Details: Purchase price, payment method, and date of payment
5. Payment Confirmation: Explicit acknowledgment of receipt of funds by the seller
6. Property Handover Status: Confirmation of whether property possession has been transferred
7. Signatures: Space for parties' signatures, witness signatures if required, and official stamps
1. Broker Details: Include when a licensed real estate broker is involved in the transaction, stating broker's details and registration number
2. Installment Schedule Reference: Include when payment is made in installments, referencing the payment schedule
3. Power of Attorney Details: Include when either party is represented by a power of attorney
4. VAT Declaration: Include when the transaction is subject to VAT, stating the VAT amount and registration details
5. Foreign Ownership Declaration: Include when the buyer is a foreign national, confirming compliance with foreign ownership regulations
6. Outstanding Payments: Include when there are remaining payments to be made, detailing the outstanding amount
1. Property Description Schedule: Detailed description of the property including floor plans, boundaries, and included fixtures/fittings
2. Payment Details Schedule: Breakdown of payment including any deposits, main payment, and other fees
3. Documents List: List of all supporting documents provided during the transaction
4. Terms and Conditions: Any specific conditions or terms related to the payment or property transfer
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Construction
Banking and Finance
Legal Services
Property Management
Investment and Asset Management
Hospitality
Retail
Commercial Property
Relevant Teams
Legal
Real Estate Operations
Finance
Compliance
Property Management
Sales
Documentation
Risk Management
Investment
Customer Service
Relevant Roles
Real Estate Agent
Property Manager
Legal Counsel
Compliance Officer
Finance Manager
Property Developer
Real Estate Investment Manager
Transaction Coordinator
Documentation Specialist
Real Estate Operations Manager
Property Sales Executive
Contract Administrator
Risk Management Officer
Real Estate Portfolio Manager
Property Registration Officer
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