The Real Property Purchase Agreement serves as the primary legal instrument for property transactions in the United Arab Emirates, essential for both residential and commercial property transfers. This document is specifically structured to comply with UAE federal laws, including the UAE Civil Code and Property Registration Law, as well as emirate-specific regulations in areas like Dubai and Abu Dhabi. It becomes necessary when transferring property ownership and must include mandatory elements such as proper party identification, detailed property description, payment terms, and registration requirements. The agreement is crucial for ensuring the transaction's legality and enforceability within the UAE legal framework, protecting both seller and purchaser interests while facilitating proper registration with relevant Land Departments.
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1. Parties: Identification of seller and purchaser with full legal names, Emirates ID numbers, and contact details as required by UAE law
2. Background: Context of the transaction and brief description of the property being sold
3. Definitions: Key terms used throughout the agreement, including specific UAE real estate terminology
4. Property Details: Comprehensive description of the property including title deed number, registration details, and exact location as per UAE property registration requirements
5. Purchase Price: Agreed purchase price, payment schedule, and method of payment in compliance with UAE regulations
6. Payment Terms: Detailed breakdown of payment installments, deposit requirements, and final payment arrangements
7. Completion: Process and requirements for completion of the sale, including registration at the relevant Land Department
8. Seller's Warranties: Warranties regarding property ownership, absence of encumbrances, and compliance with UAE property laws
9. Purchaser's Warranties: Warranties regarding capacity to purchase and compliance with UAE property ownership restrictions
10. Registration and Transfer: Procedures for property registration and transfer at the relevant Land Department
11. Costs and Fees: Allocation of registration fees, transfer fees, and other associated costs
12. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction of UAE courts
1. Mortgage Arrangements: Include when the purchase involves mortgage financing, detailing the mortgage provider and conditions
2. Property Management: Include for properties within managed communities, detailing service charges and management obligations
3. Condition of Property: Include when specific property conditions need to be documented or when renovations are agreed upon
4. Tenancy Status: Include when the property is subject to existing tenancy, detailing the handling of tenant rights
5. Foreign Ownership: Include when the purchaser is a non-UAE national, addressing specific foreign ownership requirements
6. Developer Obligations: Include for off-plan properties, detailing developer warranties and completion timelines
7. Escrow Arrangements: Include when using an escrow account for the transaction
8. Force Majeure: Include when specific provisions for unforeseen circumstances are required
1. Property Details Schedule: Detailed technical description of the property, including floor plans and area calculations
2. Payment Schedule: Detailed breakdown of payment installments and due dates
3. Title Documents: Copies of title deed and other ownership documents
4. Property Inspection Report: Detailed report on property condition and any identified defects
5. Inventory List: List of fixtures, fittings, and furnishings included in the sale
6. Service Charge Schedule: Details of applicable service charges and management fees
7. Required Documents Checklist: List of documents required for property transfer and registration
8. Property Photographs: Recent photographs documenting the property's condition
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Relevant Teams
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Compliance
Risk Management
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Property Lawyer
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