The Conveyance Agreement is a crucial legal instrument used in the United Arab Emirates for transferring ownership of real property from one party to another. This document is essential in the UAE's property market, where specific legal requirements and registration procedures must be strictly followed. The agreement is typically used when conducting property transactions in any emirate, though specific requirements may vary between Dubai, Abu Dhabi, and other emirates. It includes comprehensive details about the property, parties involved, purchase price, payment terms, and completion requirements. The document must comply with UAE Civil Code requirements, relevant emirate-specific property laws, and Land Department regulations. A properly drafted Conveyance Agreement is particularly important in the UAE context due to the need to address both federal and local legal requirements, foreign ownership restrictions, and specific registration procedures.
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1. Parties: Identification of the Seller and Purchaser with full legal names and details as required under UAE law
2. Background: Recitals establishing the ownership of the property and intention to transfer
3. Definitions: Key terms used throughout the agreement, including Property, Completion Date, Purchase Price, and other relevant definitions
4. Sale and Purchase: Core agreement to sell and purchase the property, including the exact description of what is being transferred
5. Purchase Price: Amount, currency, payment terms, and method of payment, including any escrow arrangements
6. Conditions Precedent: Essential conditions that must be satisfied before completion, including obtaining necessary approvals
7. Seller's Warranties: Warranties regarding ownership, authority to sell, property condition, and absence of encumbrances
8. Completion: Completion mechanics, timing, and requirements for transfer of title
9. Registration: Requirements and procedures for registering the transfer with relevant authorities
10. Costs and Taxes: Allocation of registration fees, transfer fees, and other transaction costs
11. Notices: Process for sending formal notices between parties
12. Governing Law and Jurisdiction: Confirmation of UAE law governance and jurisdiction of UAE courts
1. Existing Tenancies: Required if the property is subject to existing lease agreements
2. Service Charge Provisions: Needed for properties in managed communities or buildings
3. Construction Completion: Required for off-plan properties or properties under construction
4. Mortgage Release: Needed if the property has an existing mortgage to be discharged
5. Foreign Ownership Compliance: Required for transactions involving non-UAE nationals
6. Property Management Handover: Needed for properties with ongoing management arrangements
7. Defect Liability: Optional for new properties or recent constructions
8. Utilities Transfer: Optional section detailing the transfer of utility accounts and deposits
1. Property Description: Detailed legal description of the property including title deed details
2. Title Documents: Copies of relevant title documentation and registration certificates
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Property Plans: Floor plans, site plans, and other relevant property drawings
5. Inventory: List of fixtures, fittings, and other items included in the sale
6. Form of Transfer: Standard transfer forms required by the relevant land department
7. Due Diligence Documents: List of documents provided during due diligence
8. Completion Requirements: Checklist of documents and requirements for completion
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