Ƶ

All Countries
Real Estate
Real Property Sales Contract

Real Property Sales Contract Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Real Property Sales Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Real Property Sales Contract

"I need a Real Property Sales Contract for the sale of a commercial warehouse in Riyadh's Industrial City to a foreign corporate buyer, with completion scheduled for March 2025, including specific provisions for industrial zoning compliance and foreign ownership requirements."

Celebrated by
Collaborations with
Investors
Document background
The Real Property Sales Contract is a fundamental legal instrument used in Saudi Arabia for documenting and executing the transfer of real estate ownership. This document is essential for any real property transaction in the Kingdom, whether involving residential, commercial, or industrial properties. It must comply with Saudi Arabian law, including Shariah principles, the Real Estate Registration Law, and various municipal regulations. The contract is typically used when there is a definitive agreement to transfer property ownership, requiring detailed documentation of the property specifications, parties' obligations, payment terms, and transfer procedures. It serves as the primary evidence of the transaction and is required for official property registration with relevant authorities. The document's structure and content are specifically designed to meet Saudi legal requirements while protecting both buyer's and seller's interests in the transaction.
Suggested Sections

1. Parties: Identification of seller and buyer with full legal names and details as required by Saudi law

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Key terms used throughout the agreement, including property-specific terminology

4. Sale and Purchase: Core agreement to sell and purchase the property, including the basic terms

5. Property Description: Detailed description of the property including boundaries, deed number, and location

6. Purchase Price: Amount, currency, and payment terms including deposit requirements

7. Payment Terms: Detailed payment schedule, method of payment, and any installment arrangements

8. Completion: Process and requirements for completing the transfer of ownership

9. Seller's Warranties: Warranties regarding ownership, absence of encumbrances, and property condition

10. Buyer's Warranties: Warranties regarding ability to purchase and comply with payment terms

11. Registration and Transfer: Process for official registration and transfer of title

12. Taxes and Fees: Allocation of responsibility for various taxes, fees, and charges

13. Notices: How formal communications between parties should be made

14. Governing Law: Confirmation of Saudi law application and Shariah compliance

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Condition Precedents: Specific conditions that must be met before completion, used when there are preliminary requirements

2. Mortgage Arrangements: Details of any mortgage or financing arrangements, included when property is being financed

3. Property Management: Interim management arrangements between contract and completion, used for commercial properties

4. Tenant Rights: Existing tenant arrangements and their handling, included when property is currently leased

5. Development Rights: Any ongoing or planned development rights, used for properties with development potential

6. Foreign Ownership: Special provisions for foreign buyers, included when buyer is non-Saudi

7. Off-Plan Provisions: Special provisions for properties sold before completion, used in off-plan sales

8. Defect Liability: Extended warranties for new properties, included for new construction

9. Broker Provisions: Terms related to broker involvement, included when brokers are involved

Suggested Schedules

1. Property Details: Detailed technical description, including maps, plans, and photographs

2. Title Documents: Copies of existing title deeds and registration documents

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

4. Property Inventory: List of included fixtures, fittings, and contents

5. Due Diligence Results: Summary of property investigations and findings

6. Existing Tenancies: Details of any existing lease agreements

7. Property Certificates: Copies of relevant certificates and permits

8. Municipality Approvals: Copies of relevant municipal approvals and permits

9. Service Contracts: Details of ongoing service contracts affecting the property

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

alex.den.21@genieai.co
Relevant legal definitions


















































Clauses














































Relevant Industries

Real Estate

Construction

Banking & Finance

Property Development

Hospitality

Retail

Industrial

Commercial Property

Residential Property

Agriculture

Manufacturing

Healthcare

Education

Religious Institutions

Government & Public Sector

Relevant Teams

Legal

Real Estate

Property Management

Finance

Compliance

Operations

Risk Management

Business Development

Asset Management

Investment

Facilities Management

Corporate Services

Acquisitions

Relevant Roles

Real Estate Manager

Property Development Director

Legal Counsel

Compliance Officer

Chief Financial Officer

Investment Manager

Facilities Manager

Asset Manager

Property Manager

Real Estate Broker

Business Development Manager

Contract Manager

Risk Manager

Corporate Counsel

Operations Director

Chief Executive Officer

Real Estate Investment Analyst

Property Acquisition Manager

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

Find the exact document you need

Commercial Sales Contract

A Sharia-compliant commercial sales agreement under Saudi Arabian law governing the sale of goods between businesses, detailing terms of sale, delivery, and payment.

find out more

Agreement For Sale And Sale Deed

A Saudi Arabian legal document combining a sale agreement and property transfer deed, compliant with Sharia law and local regulations.

find out more

Real Property Sales Contract

A Saudi Arabian law-governed contract for the sale and transfer of real property ownership, complying with Shariah principles and local real estate regulations.

find out more

Agreement Of Sale Contract

A Saudi Arabian law-governed agreement documenting the sale of goods or property between parties, outlining terms and conditions while ensuring compliance with local regulations and Sharia principles.

find out more

Sale And Buy Back Agreement

A Sharia-compliant Saudi Arabian agreement for the sale of an asset with a concurrent agreement to repurchase it at a future date.

find out more

Business Purchase And Sale Agreement

A Saudi law-governed agreement documenting the terms and conditions for the purchase and sale of a business, ensuring compliance with both Saudi regulations and Shariah principles.

find out more

Sale Of Shares Agreement

A Saudi law-governed agreement documenting the sale and transfer of shares between parties, including terms, conditions, and regulatory compliance requirements.

find out more

Buy And Sell Contract

A Saudi Arabian law-compliant agreement governing the sale and purchase of goods or assets, aligned with Sharia principles and local commercial regulations.

find out more

Buy And Sell Agreement

A Sharia-compliant contract under Saudi Arabian law documenting the sale and purchase of goods or assets between parties, detailing terms of transfer, payment, and delivery.

find out more

Sales And Purchase Agreement Of Goods

A Saudi Arabian law-governed agreement establishing terms and conditions for the sale and purchase of goods, incorporating local commercial law requirements and Sharia principles.

find out more

Purchase Sale Agreement

A Saudi Arabian law-compliant agreement documenting the sale and purchase of goods or assets, incorporating both commercial and Sharia law requirements.

find out more

Partnership Buyout Agreement

A Saudi Arabian law-governed agreement facilitating the purchase of partnership interests, incorporating local regulatory and Sharia compliance requirements.

find out more

Land Sale Contract

A Saudi Arabian law-compliant contract for the sale and transfer of land property, incorporating all necessary legal requirements and Sharia principles.

find out more

Asset Purchase And Sale Agreement

A Saudi law-governed agreement for the transfer of assets between parties, detailing sale terms and conditions in compliance with local regulations and Sharia principles.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.