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Real Estate Partnership Agreement for United Arab Emirates

Real Estate Partnership Agreement Template for United Arab Emirates

A comprehensive legal agreement governed by UAE law that establishes and regulates a partnership structure for real estate investment, development, or management activities within the United Arab Emirates. This document outlines the rights, responsibilities, and obligations of all partners, including capital contributions, profit-sharing arrangements, management rights, and operational procedures, while ensuring compliance with UAE federal laws and emirate-specific regulations regarding property ownership and business partnerships. It incorporates specific provisions for real estate transactions, ownership transfer, and partnership governance under UAE jurisdiction.

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What is a Real Estate Partnership Agreement?

The Real Estate Partnership Agreement is essential for parties seeking to establish a formal partnership structure for real estate ventures in the UAE. This document is particularly relevant when two or more parties wish to combine their resources, expertise, and capital for real estate investment, development, or management projects. It must comply with UAE federal laws, including Federal Law No. 5 of 1985 (Civil Code) and Federal Law No. 2 of 2015 (Commercial Companies Law), as well as emirate-specific real estate regulations. The agreement addresses crucial aspects such as ownership structures, capital contributions, profit-sharing mechanisms, management rights, and operational procedures, while considering UAE's specific requirements for foreign ownership and real estate transactions. It's particularly important for structuring joint ventures, investment partnerships, and development projects in the UAE's dynamic real estate market.

What sections should be included in a Real Estate Partnership Agreement?

1. Parties: Identification of all partners with full legal names, addresses, and registration details for corporate entities

2. Background: Context of the partnership formation, including the purpose and objectives of the real estate venture

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Partnership Structure: Legal form of partnership, ownership percentages, and capital contributions

5. Property Details: Specific information about the real estate assets involved in the partnership

6. Capital Contributions: Detailed breakdown of initial and ongoing capital contributions from each partner

7. Profit and Loss Distribution: Formula and mechanisms for sharing profits and losses

8. Management and Control: Decision-making processes, voting rights, and management responsibilities

9. Operations: Day-to-day management procedures and operational guidelines

10. Banking and Finance: Financial management procedures, including banking arrangements and accounting principles

11. Transfer Restrictions: Limitations on transfer of partnership interests and property ownership

12. Term and Termination: Duration of partnership and conditions for termination

13. Dispute Resolution: Procedures for resolving conflicts, including jurisdiction and applicable law

14. Notices: Communication procedures and contact details for official notices

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

What sections are optional to include in a Real Estate Partnership Agreement?

1. Development Rights: Used when the partnership involves property development activities

2. Property Management: Include when the partnership will manage rental properties

3. Islamic Finance Compliance: Required when partners wish to ensure Sharia compliance

4. Exit Strategy: Detailed procedures for partner exit, including buy-out provisions

5. Foreign Ownership Provisions: Required when any partner is a foreign entity or individual

6. Intellectual Property: Include when the partnership involves branding or proprietary systems

7. Employee Matters: Required when the partnership will directly employ staff

8. Insurance: Detailed insurance requirements beyond standard coverage

9. Environmental Compliance: Include for properties requiring specific environmental considerations

10. Marketing Rights: Used when specific marketing arrangements need to be defined

What schedules should be included in a Real Estate Partnership Agreement?

1. Schedule 1 - Property Details: Detailed description of all properties, including title deeds and registration details

2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contributions, including valuations

3. Schedule 3 - Management Structure: Organizational chart and detailed management responsibilities

4. Schedule 4 - Business Plan: Initial business plan and financial projections

5. Schedule 5 - Required Licenses: List of required permits and licenses for operation

6. Schedule 6 - Bank Accounts: Details of partnership bank accounts and authorized signatories

7. Appendix A - Property Plans: Floor plans, site maps, and technical specifications

8. Appendix B - Valuation Reports: Independent valuation reports for properties

9. Appendix C - Due Diligence Reports: Legal and technical due diligence findings

10. Appendix D - Power of Attorney: Standard format for powers of attorney if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
















































Clauses
















































Relevant Industries

Real Estate

Property Development

Construction

Hospitality

Retail

Commercial Property

Residential Property

Mixed-use Development

Property Investment

Facilities Management

Real Estate Technology

Property Services

Relevant Teams

Legal

Real Estate

Investment

Finance

Operations

Compliance

Risk Management

Business Development

Asset Management

Property Management

Project Development

Corporate Affairs

Relevant Roles

Real Estate Director

Property Development Manager

Investment Manager

Legal Counsel

Chief Financial Officer

Asset Manager

Business Development Director

Partnership Manager

Operations Director

Compliance Officer

Property Portfolio Manager

Managing Partner

Real Estate Investment Analyst

Development Director

Project Manager

Risk 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

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