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As Is Real Estate Contract Form for United Arab Emirates

As Is Real Estate Contract Form Template for United Arab Emirates

This document is a standardized "As Is" Real Estate Contract Form compliant with UAE law, specifically designed for property transactions where the buyer agrees to purchase the property in its current condition without warranties about its state. The contract incorporates UAE-specific requirements including RERA regulations, local property registration requirements, and necessary disclosures under UAE property law. It includes comprehensive provisions for property transfer, payment terms, and explicit acknowledgments regarding the property's condition, while adhering to UAE Civil Code requirements for real estate transactions. The document is structured to protect both parties' interests while clearly establishing the "as is" nature of the sale.

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What is a As Is Real Estate Contract Form?

The As Is Real Estate Contract Form is a specialized agreement used in the United Arab Emirates for property transactions where the buyer explicitly agrees to purchase the property in its existing condition. This document is particularly relevant when selling properties that may require renovation, have known issues, or where the seller wishes to limit post-sale liability for property condition. The contract complies with UAE Federal Laws, RERA regulations, and local emirate-specific requirements, incorporating necessary provisions for property registration, transfer procedures, and mandatory disclosures. It's commonly used in both residential and commercial transactions, providing a clear framework for "as is" property sales while protecting both parties' interests under UAE law. The document includes specific sections addressing property condition, buyer acknowledgments, and limited seller representations, making it suitable for various types of real estate transactions where standard warranties are not provided.

What sections should be included in a As Is Real Estate Contract Form?

1. Parties: Identification of the Seller and Buyer with full legal names, Emirates ID numbers, and contact details

2. Background: Context of the transaction, including brief property description and acknowledgment of 'As Is' nature of sale

3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, and As Is condition

4. Property Details: Comprehensive legal description of the property including title deed number, plot number, and registration details

5. Purchase Price and Payment: Purchase price, payment schedule, and method of payment including escrow arrangements

6. As Is Condition and Disclaimers: Explicit statements regarding the as-is condition and buyer's acceptance of the property's current state

7. Seller's Representations: Limited representations regarding ownership, authority to sell, and absence of legal impediments to transfer

8. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of condition

9. Completion and Transfer: Process and requirements for completing the sale and transferring ownership

10. Costs and Fees: Allocation of transaction costs, registration fees, and other expenses

11. Governing Law and Jurisdiction: Specification of UAE law governance and jurisdiction for disputes

12. Execution: Signature blocks and execution requirements

What sections are optional to include in a As Is Real Estate Contract Form?

1. Condition Precedents: Used when there are specific conditions that must be met before completion, such as mortgage approval or NOC obtainment

2. Property Management: Required when the property is part of a managed community with specific obligations

3. Tenant Rights: Included when the property is sold with existing tenants

4. Mortgage Details: Required when the property has an existing mortgage to be cleared or when buyer is obtaining mortgage financing

5. Defect Disclosure: While property is sold 'As Is', some jurisdictions may require disclosure of known major defects

6. Service Charges: Needed for properties in managed communities to address outstanding and future service charges

7. Furniture and Fixtures: Used when the sale includes specific furniture or fixtures with the property

8. Escrow Arrangements: Detailed escrow terms when required by the transaction structure or value

What schedules should be included in a As Is Real Estate Contract Form?

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

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

3. Payment Schedule: Detailed breakdown of payment installments and timing

4. Property Inspection Report: Report documenting current condition of property (if available)

5. Inventory List: List of included furniture and fixtures (if applicable)

6. Service Charge Statement: Current statement of service charges and payment status

7. RERA Disclosure Form: Standard regulatory disclosure form as required by RERA

8. Property Photographs: Documentation of property condition at time of contract

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

Purchase Agreement

Cost

Free to use
Relevant legal definitions








































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Relevant Industries

Real Estate

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Relevant Teams

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Property Acquisitions

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Relevant Roles

Real Estate Agent

Property Lawyer

Legal Counsel

Real Estate Broker

Property Manager

Asset Manager

Investment Manager

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Contract Manager

Real Estate Investment Advisor

Property Acquisition Manager

Real Estate Transaction Coordinator

Legal Director

Risk Manager

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