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Marital Property Settlement Agreement for United Arab Emirates

Marital Property Settlement Agreement Template for United Arab Emirates

A comprehensive legal document governed by UAE law that outlines the agreed division of marital property between spouses during or after divorce proceedings. This agreement operates within the framework of UAE Personal Status Law (Federal Law No. 28 of 2005) and incorporates relevant Sharia law principles. The document details the distribution of real estate, personal property, financial assets, and liabilities while ensuring compliance with both UAE civil law and Islamic jurisprudence. It provides a legally binding framework for property settlement that can be enforced through UAE courts and includes provisions for both local and international assets where applicable.

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What is a Marital Property Settlement Agreement?

The Marital Property Settlement Agreement is a crucial document used in the UAE when spouses need to formally divide their marital assets during or after divorce proceedings. It must comply with UAE Personal Status Law (Federal Law No. 28 of 2005) and incorporate Sharia law principles where applicable. The agreement typically becomes necessary when couples decide to separate or divorce and need to document their mutual understanding regarding the division of property, assets, and liabilities. It covers all aspects of property division including real estate, personal property, financial assets, businesses, and debts. The document is particularly important in the UAE context as it must balance international best practices with local legal requirements and religious considerations. It serves as a legally binding document that can be enforced through UAE courts and provides clarity and certainty for both parties regarding their property rights and obligations.

What sections should be included in a Marital Property Settlement Agreement?

1. Parties: Identification of both spouses, including full legal names, Emirates ID numbers, and current addresses

2. Background: Brief history of the marriage, date of marriage, current status, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement, including 'Matrimonial Property', 'Separate Property', and other relevant terms

4. Effective Date and Jurisdiction: Specifies when the agreement takes effect and confirms UAE jurisdiction

5. Division of Real Property: Detailed arrangements for the division or transfer of real estate owned jointly or separately

6. Division of Personal Property: Distribution of personal belongings, vehicles, furniture, and other tangible assets

7. Financial Assets and Liabilities: Division of bank accounts, investments, debts, and other financial obligations

8. Mutual Releases: Statements releasing each party from future claims on divided property

9. Tax Provisions: Handling of tax liabilities and obligations related to property transfers

10. Implementation: Procedures and timeframes for implementing the property division

11. Governing Law: Confirmation of UAE law application and compliance with Sharia principles

12. Dispute Resolution: Process for resolving any disputes arising from the agreement

13. General Provisions: Standard clauses including severability, entire agreement, and amendments

What sections are optional to include in a Marital Property Settlement Agreement?

1. Business Interests: Division of business assets and shareholdings, used when parties own business interests

2. Intellectual Property Rights: Division of intellectual property, used when parties have created or own IP

3. International Assets: Provisions for assets located outside the UAE, used for international couples

4. Future Inheritance Rights: Waiver or preservation of inheritance rights, particularly relevant under Sharia law

5. Cryptocurrency and Digital Assets: Division of digital assets and cryptocurrencies, used when parties own such assets

6. Retirement Accounts: Division of pension and retirement accounts, used when applicable

7. Post-Settlement Obligations: Ongoing obligations regarding property maintenance or management

8. Religious Requirements: Additional provisions to ensure compliance with religious requirements, if requested

What schedules should be included in a Marital Property Settlement Agreement?

1. Schedule A - Real Property Inventory: Detailed list of all real estate properties with ownership details and agreed disposition

2. Schedule B - Personal Property Inventory: Comprehensive list of personal property items and their agreed distribution

3. Schedule C - Financial Assets: List of all bank accounts, investments, and other financial assets

4. Schedule D - Debts and Liabilities: Detailed list of all debts and payment responsibilities

5. Schedule E - Business Assets: Inventory of business interests and agreed division

6. Schedule F - Vehicle Details: List of vehicles and their disposition

7. Appendix 1 - Property Valuations: Professional valuations of significant assets

8. Appendix 2 - Supporting Documents: Copies of relevant certificates, title deeds, and other supporting documentation

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

Cost

Free to use
Relevant legal definitions
















































Clauses



































Relevant Industries

Legal Services

Financial Services

Real Estate

Family Services

Islamic Finance

Property Management

Wealth Management

Professional Services

Public Sector

Notary Services

Relevant Teams

Legal

Family Law

Property Law

Document Processing

Compliance

Real Estate

Client Relations

Wealth Management

Islamic Advisory

Notarial Services

Relevant Roles

Family Law Attorney

Legal Counsel

Divorce Lawyer

Islamic Law Consultant

Property Lawyer

Wealth Manager

Financial Advisor

Legal Document Specialist

Property Valuation Expert

Notary Public

Court Clerk

Legal Administrator

Compliance Officer

Real Estate Agent

Family Court Judge

Industries






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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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