--}}
{{-- SALE AND PURCHASE AGREEMENT
EMPIRE ESTATES
ARJAN, DUBAI, UAE
PARTICULARS
SELLER’S DETAILS
تفاصيل البائع
Empire Real Estate Developments LLC, a company incorporated in the Emirate of Dubai under Department of Economic Development bearing License number 1271154 and having its registered office at P.O.Box 125131, Dubai, United Arab Emirates.
امبير للتطوير العقاري ذ.م.م ، وهي شركة مسجلة في إمارة دبي تحت دائرة التنمية الاقتصادية تحمل ترخيص رقم 1271154 ولها مكتب مسجل في صندوق بريد 125131 ، دبي ، الإمارات العربية المتحدة.ة
SELLER
Empire Developments, a company incorporated in the Emirate of Dubai under Department of Economic Development bearing License number 731000 and having its registered office at P.O.Box 125131, Dubai, United Arab Emirates.
البائع
امباير للتطوير، وهي شركة مسجلة في إمارة دبي تحت دائرة التنمية الاقتصادية تحمل ترخيص رقم 731000 و له مكتب مسجل في صندوق بريد رقم 125131 ، دبي ، الإمارات العربية المتحدة
Project Details
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Building / Project: |
EMPIRE ESTATES Plot #: 6731247 ARJAN, Dubai, United Arab Emirates |
المبنى / المشروع |
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Unit No. |
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رقم الوحدة |
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Parking |
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عدد مواقف السيارات: |
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Area (Sq. ft.): |
{{ $model->unitname ? $model->unitname : '-' }}Sq. ft. |
المساحة (قدم. مربع): |
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Unit Type: |
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نوع الوحدة |
PLOT
Plot JVC17TCP002B, Jumeirah Village Circle, Dubai, United Arab Emirates.
الإمارات العربية المتحدة JVC17TCP002B قطعة قطعة أرض
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DEVELOPMENT
امباير ريزدنس تطوير
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FLOOR
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الطابق
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UNIT
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وحده رقم
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NUMBER OF CAR PARKING SPACE(S) ALLOCATED TO UNIT
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موقف السيارات
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{{--
TOTAL PURCHASE PRICE:
اجمالى سعر الشراء
TOTAL PURCHASE PRICE:
اجمالى سعر الشراء
Total: (AED)
{{ $model->net_price ? $model->net_price : '-' }} AED.
الأجمالى :( الدرهم)
IN WORDS:
AED.
لاجمالى بالحروف:
{{--
TOTAL PURCHASE PRICE:
اجمالى سعر الشراء
| Total: (AED) |
AED. |
الأجمالى :( الدرهم) |
| In Words: |
AED. |
الاجمالى بالحروف: |
PURCHASE PRICE
{{$model->net_price ? $model->net_price : '-' }}
سعر الشرا
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PAYMENT TERMS:
As Per Attached Payment Schedule
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{{-- Particulars --}}Percentage |
Description |
Amount |
|---|---|---|
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10% |
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| 100% | Total | {{ number_format($model->net_price, 2) }} |
TRUST ACCOUNT DETAILS
يجب تسديد جميع المدفوعات فى الحساب التالى
Bank Name
سم البنك
Account Name
اسم صاحب الحساب
Account No.
رقم الحساب
IBAN No
رقم الحساب ايبان
TRUST ACCOUNT DETAILS
Account Name: Empire
Account No: 001-1324343242 AE00000000000000000000000
Name of Bank: Bank
Branch: Dubai
Swift Code:
{{--
تفاصيل حساب الضمان
رقم الحساب
إسم الحساب أمينة ريزيدنس
فرع
إسم البنك
--}}
- The Seller has agreed to sell and the purchaser has agreed to purchase the Property as set out above
- IN WITNEES HEREOF, the parties have executed this Agreement, with full knowledge of its content and significance and intend to be legally bound by the terms hereof the day of signature and execution.
- Purchaser hereby acknowledges and agreed that this agreement is irrevocable and that by
signing this sale and Purchase Agreement, Purchaser is entering into a binding contract with
the Seller for the purchase of the above-mentioned Unit.
- The Purchaser hereby consent that the unit offered for sale by the Seller may have caused the Seller to pay an agency fee to the Brokerage Company against the deal, and in the event where the Sale Purchase Agreement, Oqood, Initial Tittle Deed terminated or cancelled for whatsoever reason, the Seller hereby reserves the right to deduct and/or Claim the Agency Fee from the Purchaser. Purchaser hereby giving his consent to deduct that fee, only in the event of cancellation or termination of deal.
PERMITTED USE
Residential Apartments
الإستخدام المسموح به
ANTICIPATED COMPLETION DATE:
Quarter 4 / 2026
تاريخ الإنجاز المتوقع:
PERMITTED USE
الإستخدام المسموح به : استخدام عائلي فقط
--}}
ANTICIPATED COMPLETION DATE:
فيما يتوقع من تاريخ الإنتها
These Particulars are signed on the date specified in Item 1 of these Particulars. The Parties acknowledge that these Particulars form part of the attached Unit Sale and Purchase Agreement.
وقعت هذه التفاصيل في التاريخ المحدد في البند 1 من هذه التفاصيل . ويقر الطرفان بأن هذه التفاصيل تشكل جزءا من بيع الوحدة المرفقة واتفاقية البيع والشراء
{{--و قعت هذه التفاصيل في التاريخ المحدد في البند 1 من هذه الخصوصيات . ويقر الطرفان بأن هذه الخصوصيات تشكل جزءا من بيع الوحدة المرفقة و اتفاقية البيع و الشراء
--}}Seller
Empire Development
البائع امباير للتطوير
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Purchaser
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المشتري الأول {{ $client->client->person1 ? $client->client->person1 : '-' }}
Joint Purchaser
{{ $client->client->person ? $client->client->person : '-' }}
@if ($client->client->person1 !== null)المشتري المشترك {{ $client->client->person1 ? $client->client->person1 : '-' }}
@elseالمشتري المشترك
@endifTHIS AGREEMENT is executed on the date the last Party signs this Agreement as specified on page 31
BETWEEN
1. The Seller as listed in the Particulars; and
2. The Purchaser as listed in the Particulars
(Referred to individually as a “Party” and jointly as the “Parties”).
INTRODUCTION
A.The Seller is developing a development known as EMPIRE ESTATES on the Plot.
B.Pursuant to the terms and conditions contained in this Agreement, the Seller agrees to sell the Unit and the Purchaser agrees to accept the Freehold Interest in the Unit in consideration of the payment of the Full Purchase Price.
NOW THE PARTIES AGREE AS FOLLOWS:
1. Definitions and Interpretation
In this Agreement defined words used shall have the meanings given below:
“Adjoining Property”
means any other Unit, land or building in the Development adjoining or neighbouring the Unit;
“Administration Expenses”
means the amount of five thousand Dirham (AED5,000)or such other maximum fee permitted by law payable by the Purchaser to the Seller for the administration expenses associated with the issuance of any no objection certificates sought by the Purchaser from the Seller, registration/transfer of the Unit in accordance with Clause 8 and/or for other requested alterations in respect of the purchase contained herein;
“AED”
means the United Arab Emirates Dirham;
“Agreement”
means this Sale and Purchase Agreement and any document which is supplemental to it, whether or not it is expressly stated to be so, and this includes the Introduction, the Particulars and the following Schedules which shall have effect as though they have been set out in full:
Schedule 1 – Part A Unit Plan;
Part B
Schedule 2 – The Rules of Use of Owners;
“Anticipated Completion Date”
means the date anticipated to be when the Unit is expected to be completed which date may be extended in accordance with Clause 3.1 and the terms herein;
“Association”
means the Owners ‘association established in accordance with the JOP Law;
“Car Parking Areas”
means the areas designated from time to time for the parking of vehicles at the Development including Car Parking Spaces;
“Car Parking Spaces”
means the car parking spaces allocated to the Unit as set out in the Particulars (if any);
“Car Park Owner”
means the Seller and its successors and assigns;
“Claim”
means any cost, claim, demand, obligation, remedy, damage, loss, action, proceeding, claim for compensation, requisition arising out of or related to this Agreement or the refusal or failure to comply, object to or attempt to avoid this Agreement, whichever is applicable;
“Clearance Certificate”
means a certificate issued by the Seller or Association in terms of the Master Community Declaration, or the Constitution, as applicable, confirming that an owner of a Unit has paid all charges and fees, and has satisfied all other obligations, in connection therewith and as a pre-condition to any permitted alienation, transfer, sale or assignment of the Unit or any part thereof;
“Common Areas”
means the common areas of the Development (as designated or adjusted by the Seller from time to time at its sole discretion) not otherwise forming part of a Unit and intended for the mutual use and benefit of all Unit Owners, which may be described on a common area site plan, including without limitation:
a) the roofs, basements, foundations, load bearing walls, columns, structure slabs of ceilings and floors and extended structural parts, plate glass (excluding glass on the balcony of a Unit) and cladding of the Unit Building;
b) stairwells, corridors, foyers, entrances, landings, lobbies, other public areas and Car Parking Areas (excluding the Car Parking Spaces);
c) all Conduits within the Development exclusively serving the same (except those belonging to any Utilities company);
d) all telecommunication, satellite, television, internet installations, lifts, mechanical, electrical and plumbing installations, fire systems, ducting, plant, machinery, apparatus, shafts, surveillance systems, service media management systems and equipment at any time in or on the Unit Building; and any additions, alterations and improvements to the above items;
“Common Use Facilities”
has the meaning given to it in the Constitutional Documents or Master Community Declaration and/or any common use facilities for the Master Community as determined by the Master Developer from time to time;
“Common Use Facilities”
has the meaning given to it in the Constitutional Documents or Master Community Declaration and/or any common use facilities for the Master Community as determined by the Master Developer from time to time;
“Completion Date”
means the date that the Seller receives its certificate from the relevant governmental authority in relation to the completion of the construction of the Development;
“Conduits”
means all drains, pipes, gullies, gutters, sewers, ducts, mains, channels, subways, wires, cables, conduits, flues and any other conducting media of whatsoever nature;
“Constitution”
means the constitution of the Association as described in the Direction for Owners Association Constitution issued by the Dubai Land Department or any substitution, replacement or re-enactment thereof;
“Constitutional Documents”
means such documents as determined by the Seller in its sole discretion as being required to establish a JOP Scheme under the JOP Law for the Development, including but not limited to the Constitution and JOP Declaration;
“Contract”
means the form/reservation contract signed by the Purchaser (if any) on or before the date of this Agreement reserving the Unit in its name subject to the terms and conditions of this Agreement;
“Development”
means all that land and building known as Empire Residence to be constructed on the Plot and forming part of the Master Community and includes the Unit, Unit Building and the Common Areas;
"Disclosure Statement"
means a statement containing information relating to any JOP Scheme to be established by the Seller pursuant to the JOP Law and/or the Direction for General Regulation Concerning Jointly Owned Properties or any substitutions, replacements and/or amendments or re-enactments thereof, a copy of which is attached as Schedule 3, and which statement may be amended from time to time by the Seller;
“DLD”
means the Dubai Land Department;
“Extended Completion Date”
means the extended anticipated completion date after all allowed extensions in accordance with this Agreement;
“Facilities Management Agreement”
means an agreement to be negotiated and agreed by the Seller (in its sole discretion) on behalf of the Association and/or in accordance with the Constitutional Documents and/or the JOP Declaration with any third party (and which in the Seller’s sole discretion may be an associated entity of the Seller) for the repair, maintenance, administration and operation of the Development or any part thereof the term for which agreement shall not exceed three (3) years or the maximum period provided under law;
“Force Majeure”
means and includes any war, revolution, invasion, insurrection, riots, mob, tribal or ethnic violence or unrest, sabotage or other civil disorders, acts of God, terrorism, storms, floods, tsunami, earthquakes, strikes or other labour disputes, any event entitling the construction contractor to an extension of time, delays in provision of utilities to the Plot by the local and/or governmental authorities, delays caused by the Master Developer in allowing the Seller full access to the Plot to commence or continue construction, delays by the Master Developer and/or Relevant Authority in issuing any approvals or consents and/or any other circumstances beyond the control of the Seller;
“Freehold Interest”
means the right to absolute real property ownership without any restrictions as to time as described in Article 4 of the Law No.7 for the Year 2006 on the Matter of Real Property Registration in the Emirate of Dubai or any substitution, amendment, replacement or re-enactment thereof;
“Insurance”
means the cost to the Association from time to time of:
a) insuring the Development or part thereof including without limitation insurance required in accordance with the Association’s obligations contained in the Constitution;
a) insuring in such amount and on such terms as the Association (or such other person authorised in accordance with the Constitutional Documents) shall reasonably consider appropriate against all liability to third parties arising out of or in connection with any matter relating to the Development;
a) periodic valuations of the Development for insurance purposes carried out not more than once every three years; and
such other insurances as the Seller and/or the Association (or such other person authorised in accordance with the Constitutional Documents) may acting reasonably from time to time deem necessary to effect for the benefit of the Units and the Development;
“JOP Declaration”
means a jointly owned property declaration governing the Development prepared in accordance with the JOP Law (and amended from time to time by the Seller at its sole discretion);
“JOP Law”
means Law No.27 of 2007 concerning Jointly Owned Property in the Emirate of Dubai together with any rules or regulations issued under it or any replacement, substitution or re-enactment thereof;
"JOP Scheme”"
means a titling and management scheme established for the Development pursuant to the JOP Law;
“Manager”
means the property management company appointed by the Seller or by such person(s) authorised by the Constitutional Documents (as appropriate) to manage, operate, repair and maintain the Development pursuant to the Facilities Management Agreement;
"Lengthy Payment Plan"
Means a Schedule of Payments where the Purchaser obligation to pay the purchase price will be extended beyond the Completion Date to such dates as agreed between the Parties and specifically mentioned in the Schedule A of this Agreement.
“Master Community”
means the entire development at Nakheel, Dubai, United Arab Emirates developed or to be developed by the Master Developer and other public and private investors into a mixed use, commercial, residential, leisure and retail real estate community;
“Master Community Declaration”
means the declaration for the Master Community (as issued and/or amended from time to time by the Master Developer);
“Master Community Service Charge”
means the amount payable by the Purchaser for the expenses incurred by the Master Developer or its Affiliates in connection with the provision and financing of all facilities, management, operation, administration, repair, maintenance, servicing and control of the Master Community as may be set out in the Master Community Declaration;
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“Master Community Common Use Facilities”
means all open areas, services, facilities, roads, pavements, gardens, utility and administrative buildings or areas, installations, improvements, the building management system, the fire/life system, the security system and other common assets of the Master Community that do not form part of the Development and which are intended for use by all owners of property in the Master Community;
“Master Developer”
means Nakheel, having its registered office at P.O. Box ___, Dubai, United Arab Emirates, its nominees, assigns, transferees, successors and successors-in-title;
“Master Developer’s Affiliate”
means an entity which controls, is controlled by or is under common control (through management agreement or shareholding) with the Master Developer and/or any entity to whom the various rights, powers and duties of the Master Developer are assigned from time to time for the purpose of owning, developing, managing or transacting in respect of the Master Community.
“Master Sale Agreement”
means the sale and purchase agreement between the Master Developer and the Seller in respect of the Plot;
“Member”
means a member of the Association established in respect of the Development;
“Owner”
means the person registered or recorded in the records of the Seller, the Association, the Master Developer or the DLD (as applicable) as the legal owner of the Unit and such persons’ successors, heirs and assigns;
“Particulars”
means the particulars relating to the variables of this Agreement including and without limitation to the details of the Unit, Payment Terms and the Car Parking Spaces as contained in page 2 of this Agreement;
“Payment Terms”
means the terms set out in the Particulars;
“Permitted Use”
means the use set out in the Particulars;
“Plot”
means as defined in the Particulars;
“Project Architect”
means the architect appointed by the Seller ;
“Purchase Price”
means the amount set out in the Particulars payable in cleared funds by the Purchaser;
“Registration Fee”
means such non-refundable fees charged and calculated by the DLD and/or RERA for transfer of Title into the name of the Purchaser which for the avoidance of doubt includes any such amounts levied against the Purchaser and/or the Seller;
“Regulations and By-Laws”
means the Master Community by-laws and Jumeirah Village Circle control regulations published by the Master Developer (or its authorized agents) from time to time;
“Relevant Authority”
means the applicable governmental and/or municipal authorities including (without limitation) the Dubai Municipality, the DLD, RERA, the UAE Ministry of Interior Department of Residency and Naturalization;
“RERA”
means the Real Estate Regulatory Agency of Dubai;
“Rules of Use of Owners”
means the rules and regulations of the Development including those attached at Schedule 2 of this Agreement which may be amended and/or supplemented from time to time in accordance with the JOP Law or pursuant to any Constitutional Documents which the Seller thinks appropriate (in its sole discretion) for the management of the Development;
“Schedule of Defects”
means the schedule of defects that is to be prepared by the Parties in accordance with Clause 3.2 of this Agreement;
“Service Charges”
means the Purchaser’s proportion of the charges payable in respect of the management administration and maintenance of the Development, Common Areas, Sinking Fund and associated facilities calculated in accordance with the Constitutional Documents and to the extent the Constitutional Documents are not filed then such shall be a fair proportion of such costs and expenses as determined by the Seller in its sole discretion;
“Sinking Fund”
means a fund established for the costs (including capital costs) of repairing or replacing the Development or any part thereof (excluding any Units);
“Subsequent Contracts”
means any contracts, agreements or understandings through which Third Party Purchasers’ sell or transfer the Unit;
“Subsequent Purchasers”
means any persons or entities buying or accepting transfer from Third Party Purchasers;
“Third Party Purchasers”
means any persons or entities buying or accepting transfer of the Unit from the Purchaser or the Purchaser’s heirs, permitted assigns or successors;
“Third Party Contracts”
means any contracts, agreements or understandings through which Third Party Purchasers buy or accept the transfer of the Unit;
“Title”
means the registration of the Freehold Interest in the register of title maintained by the DLD in accordance with Law No.7 for the Year 2006 on the Matter of Real Property Registration in the Emirate of Dubai;
“Trust Account”
means the bank account established relating to the Development pursuant to an agreement between the Seller and the Trustee in accordance with Law No: 8 for the Year 2007 on the Matter of Escrow Accounts for Real Estate Development in the Emirate of Dubai;
“Trustee”
means the financial or monetary institution accredited by the DLD and appointed by the Seller to manage the Trust Account;
“Unit”
means the Unit specified in the Particulars and as shown edged red on the Unit Plan, and for the avoidance of doubt includes;
a) all space between and including the ceiling finishes (underside or slab to slab and floor finishes, the external structures and the balconies serving the Unit exclusively;
b) all interior non structural parts and finishes, lights, light fittings, doors, window frames; and
all mechanical, electrical and plumbing systems and air-conditioning units (including the internal fan units) serving the Unit exclusively, all internal fixtures and fittings, but excludes the fire fighting systems and the whole or any other part of the Unit Building, other Units and the Common Areas;
“Units”
means all the Units located in the Unit Building;
“Unit Net Area”
means the total square footage of the Unit as set out in the Unit Plan including Balcony (if it is part of Unit)
“Unit Building”
means the building to be erected on the Plot to be known as Empire Residence (as such name may be changed to by the Seller from time to time) comprising ground level plus four podiums and fifteen (15)levels plus roof;
“Unit Handover Date”
means the date notified to the Purchaser by the Seller pursuant to Clause 3.3.1 (as applicable) as the date when the Purchaser has to take possession of the Unit keys and owners manuals from the Seller;
“Unit Management Agreement”
means an agreement the Purchaser may execute with the Seller and/or an affiliate of the Seller for the management and administration of the Unit after the Completion Date;
“Unit Plan”
means the plan of the Unit as set out in Part A of Schedule 1;
“Utilities”
means water, gas, district cooled water, soil, air, electricity, sewerage, radio, television, cabling, internet, telephone, telecommunications and other services and supplies of whatsoever nature;
“Working Day”
means any day which is not a Friday, Saturday or public holiday in the UAE; and
“UAE”
means the United Arab Emirates.
1.1 In this Agreement:
- 1.1.1Wherever the context requires, words in the singular include the plural and vice versa and words importing one gender include all genders.
- 1.1.2Headings are for convenience only and are not to be taken in consideration in interpreting the Agreement.
- 1.1.3All dates and periods are in accordance with the Gregorian calendar.
- 1.1.4Any reference to any Clause is a reference to a Clause within this Agreement unless indicated otherwise.
- 1.1.5Any reference to laws includes the laws as amended from time to time.
1.2 This Agreement becomes effective as at the date the last party executes this Agreement.
2. SALE AND PURCHASE OF UNIT
-
2.1 Agreement:
The Seller agrees to sell to the Purchaser and the Purchaser agrees to purchase the Unit on the terms and conditions contained in this Agreement. -
2.2 Unit Size (as
indicated in Schedule 1) :
Net Area: ( Sq.ft) (subject to clause 5 of this agreement)
2.3 Payments:
2.3.1
The Purchaser covenants to pay the Purchase Price into the Trust Account, in cleared funds at the times and in the manner specified in the Payment Terms with time being of the essence and free from all deductions, bank charges and set-off. If the date of this Agreement falls after one or more of the instalment dates identified in the Payment Terms, the amounts due on such instalment date(s) shall become due and payable on the date of this Agreement.
2.3.2
Notwithstanding anything to the contrary, the sum of all the payments payable under the Payments Terms must result in the net aggregate (after deducting all other fees and expenses to be paid by the Purchaser under this Agreement) of all sums paid totalling the Purchase Price. Any shortfall, error, miscalculation, currency variation or discrepancy in the calculation of the amounts in the Payment Terms on the part of the Seller will be remedied by the Purchaser in the Final Payment under the Payment Terms.
2.3.3
Without prejudice to the Seller’s other rights pursuant to this Agreement, in the event of the non-payment of any amounts payable by the Purchaser pursuant to the Payment Schedule under this Agreement, the Purchaser agrees to pay the seller a compensation of AED 5,000.00 (Late Penalty) on each non-payment, immediately upon the occurrence of the default for non-payment. In the event that the purchaser fails to pay outstanding dues within 30 days calculated from the date of default as mentioned herein, the Purchaser shall be liable to pay a compensation of AED 1,500.00 per month on each non-payment till all the arrears are duly paid including any and all outstanding payment per the payment schedule or compensation or service charges. The Purchaser hereby acknowledges that the compensation payable is a true and reasonable pre-estimate of the damages that will be suffered by the Seller as a result of the Purchaser’s default.
2.3.4
Each payment made by the Purchaser shall be allocated first to the discharge of any penalties or compensation and then to the payment of any other amounts due in terms hereof and thereafter to the reduction of the Purchase Price.
2.3.5
The Purchaser will withhold any payments which are to be paid to the developer as per the payment terms agreed within the Sales Purchase Agreement or in any other document mutually agreed by the seller and purchaser, and will make payments on time, regardless of any reason including but not limited to project delay, construction progress, or overall project readiness.
2.3.6
In the case the purchaser fails to make 3 or more payments on time, (they have 3 or more late payments) the developer holds the right to reposes the unit and resale the unit to any 3rd party, without prior notification. The developer in this case will not refund any amount or owe any amount to the purchaser as it will be treated like a forfeit of the unit. The purchaser has had no right to object to this, and waives any right to any claims.
2.3.7
The Purchaser agrees that credit adjusted shall not, in any manner whatsoever, be accounted as a cash refund/redeemable credit note from the Seller. The Purchaser also agrees that credit adjusted is, under all circumstances, non-refundable and non-transferrable.
2.3.8
That simultaneously with the signing of the Agreement, the Purchaser on a lengthy payment plan shall issue and handover the original post-dated cheque(s) (PDC) ,of any bank regulated by the Central Bank of the UAE, as mentioned in the payment Schedule A of the Agreement and in addition to this the Purchaser shall also issue and handover an undated guarantee cheque in favour of the Seller equivalent to the balance amount payable to the Purchaser as mentioned in the payment Schedule A of the Agreement (“Guarantee Cheque”). That in an event any post-dated cheque(s) is not honoured on the due date as mentioned in the Schedule A of the Agreement and/or on the due date Seller does not receive the due amount in clear funds the Purchaser hereby authorizes the Seller to deposit the Guarantee Cheque in the bank for encashment pursuant to the clearance of the Guarantee Cheque and as per the terms and condition stipulated in the Clause 2.3.1 of the Agreement the Purchaser shall transfer the clear and unencumbered title of the Unit in favour of the Seller.
2.3.9
The Purchaser agrees that to maintain compliance of Applicable Laws including any anti-money laundering laws, the Seller may request the Purchaser to provide proof of the source of the funds being utilized to make payments under this Agreement. The Purchaser shall, upon receipt of a written request from the Seller, submit necessary documentary proof of the source of the funds, to the satisfaction of the Seller.
2.3.10
The Seller may disclose the adjustments at the time of final payments prior to handover. In the event where the Purchaser fails to pay the pending payable balances at the time of final settlement, the Seller in its sole and absolute discretion may not handover the unit until the payment of the outstanding balances paid in the final settlement.
2.3.11
In the event where the Seller may initiate a legal action against the Purchaser, upon settlement of the dispute and/or upon conclusion of the dispute, the Seller may oblige the Purchaser to pay an amount of up to AED 50,000 (Fifty Thousand Dirhams Only) on top of the actual awarded amount by the Competent Authority i.e., Court of Law and/or Arbitrator etc, to the Seller on account of the lawyer’s fee and other legal expenses.
2.3.12
All payments made by the Purchaser to the Seller under this Agreement shall be made in full, without any set-off or counter claim whatsoever and free and clear of any deductions or with holdings on the due date as mentioned in the Payment Schedule set out in the Particulars;
2.3.13
Whenever any instalment and / or service charge is not fully and duly paid by the Purchaser when due, this failure to pay will be considered as a default.
2.3.14
No indulgence granted by the Seller to the Purchaser, and no delay of the Seller in taking action herein, shall be deemed a waiver of any rights of the Seller.
2.4Transfer of Title:
2.4.1
The Seller shall, subject to consent from the Relevant Authority, transfer to the Purchaser the Freehold Interest in the Unit at the DLD as soon as reasonably practicable following the Completion Date and receipt by the Seller of the Purchase Price in full and in cleared funds, subject to:
2.4.2
The payment in full by the Purchaser of the Administration Expenses, Registration Fees, Service Charges, Late Penalties (if any) Master Community Service Charges and all other payments as required in accordance with the terms of this Agreement by the Purchaser;
2.4.3
The compliance of the Purchaser with all of the terms and conditions contained in this Agreement; and
2.4.4
Prior to registration of Title in the Unit at the DLD, the Seller may (subject to any law to the contrary) maintain an internal record of interests and payments in respect of all Units within the Development and the Purchaser shall pay all fees and charges (if any) of the Seller (to the extent permitted by law) in relation to any amendments requested by the Purchaser in respect of the details maintained in the internal records.
2.4.5
In case of resale, NOC charges shall will be charged as per prevailing authorities’ permission.
2.4.6
The Purchaser shall be responsible for all Registration Fees in respect of transfer of Title in the Unit to the Purchaser and shall reimburse the Seller for any such fees it may be required to pay. All payments required by this clause and clause 2.3.3 shall be made by the Purchaser to the Seller in cleared funds, upon demand from the Seller. It is anticipated that Registration Fees will comprise a minimum of four percent (4%) of the Purchase Price plus any other applicable fees (including but not limited to the Seller’s Administrative Expenses as they may be amended by the Seller from time to time in its sole discretion), but the Purchaser acknowledges that such fees may increase from time to time. These charges apply to all purchasers unless stated clearly by the developer in writing. At the time of signing this agreement, these charges are Aed-5,500/=.
2.4.7
The Purchaser acknowledges and accepts that it will not receive final registered Freehold Interest in the Unit until such time as the total Purchase Price and/or all other payments due from the Purchaser under the Agreement have been paid in full.
2.4.8
The Purchaser shall supply any information and sign any document as may be required by the DLD, the Seller or any other Relevant Authority at any time to enable the transition of the Registration into freehold transfer of title to the Property to the Purchaser and to enable registration of the Residential apartment Lease and/or the Operator’s Agreement.
2.4.9
The Purchaser shall accept transfer of Title to the Unit subject to such easements and restrictions benefiting or burdening the Unit specified in this Agreement or as imposed by any Relevant Authority.
2.4.10
The Purchaser is aware of the fact that on the Completion Date and for some time thereafter, the Common Property, other units in the Building and the Master Community as a whole may be incomplete and that inconvenience may be suffered as a result of the building activities which shall be in progress. The Purchaser shall have no claim against the Seller for such inconvenience; the Seller however shall use its best endeavours to keep such inconvenience to a minimum.
2.4.11
Once the Tittle Deed is issued, Seller is relieved from all responsibilities mentioned in this agreement. Purchaser confirm this and is relieving Seller against receiving The Tittle Deed.
3COMPLETION DATE
3.1Anticipated Completion Date
3.1.1
Subject to the Purchaser paying all such instalments of the Purchase Price due on or prior to the Completion Date and not being in default under this Agreement, the Seller shall use all reasonable endeavours to complete the construction of the Development by the Anticipated Completion Date.
3.1.2
The Purchaser is not allowed to sell the unit to any 3rd party prior to completion and handover of the project or without prior written consent of the developer.
3.1.3
The Anticipated Completion Date may be extended by the Seller at its sole discretion at any time for any period or periods up to a maximum of twenty-four (24) calendar months for convenience and/or as may otherwise be extended by Force Majeure in order to complete the construction of the Unit and the Development.
3.1.4
The Seller shall not be liable to compensate the Purchaser for any losses, costs, expenses or damages including any consequential, economic or indirect losses resulting from any delay in the Anticipated Completion Date and/or the Completion Date other than the remedies specifically set out in clause 3.1.3 above and the Purchaser expressly waives any rights to claim any additional or alternative compensation or remedies.
3.1.5
In addition to the above, and without prejudice to the Seller’s other rights contained herein, the Seller may extend the Anticipated Completion Date to the extent the Purchaser delays any payments required hereunder.
3.1.6
The Seller however shall not be responsible if the delay in handing over the possession of the Unit is due to delay in supply of various facilities like water, electricity, occupancy certificates, Empower connection, gas connection, no objection certificates, by the Competent Authorities, Etc.
3.1.7
The Seller may by giving the Purchaser not less than twenty (20) Working Days’ notice in writing require the Completion Date to be brought forward up to a maximum period of Twelve (12) months earlier than the Anticipated Completion Date (“Early Completion Notice”) and the Purchaser will be obliged to accept such Completion Date. Upon the issuance of the Early Completion Notice by the Seller to the Purchaser, the Purchaser will be bound to complete on the Completion Date stipulated in the Early Completion Notice and will be required to make any of the payment outstanding on the Completion Date as per the pursuant payment plan under this Agreement. (Of the balance of the entire Purchase Price outstanding regardless of the amounts due on the instalment date(s) under the Payment Term.)
4 Inspection
4.1
The Purchaser will be entitled to One-Time Inspection of the Unit and will be accompanied by
a representative of the Seller at any reasonable time determined by the seller notified by
the Seller to the Purchaser. At such time, the Parties will prepare and sign a Schedule of
Defects.
In the event that the Purchaser fails to attend the Unit Inspection to prepare the
Schedule of Defects at the date and time specified, then the Seller may prepare the Schedule
of Defects on behalf of the Purchaser and the Purchaser shall not raise any objection and
waives all rights of objection to this.
4.2
The Seller will as soon as reasonably practicably use all reasonable endeavours to procure the relevant construction contractor to remedy those items listed in the Schedule of Defects provided always that the Purchaser shall not be entitled to retain any portion of the Purchase Price in respect of the Schedule of Defects and the Unit Handover Date shall not be delayed due to the existence of any items in the Schedule of Defects.
4.3
In the event of any dispute in respect of the Schedule of Defects or the rectification of items as listed therein, a decision by the Project Architect will be final and binding on the Parties. In all other respects, the Purchaser shall be deemed to have accepted the physical condition of the Unit on the Completion Date.
4.4
In all other respects the Purchaser will be deemed to have accepted the physical condition of the Unit. The Purchaser acknowledges that except for this one inspection, the Purchaser shall not be allowed access to the Unit or the Development prior to the Unit Handover Date.
4.5
It is understood by the Parties that the Purchaser shall not be obliged to obtain the Building Completion Certificate from the Concerned Authorities in order to invite the Purchaser for the Snagging Checks and the Seller shall be authorized to invite the Purchaser for the Snagging checks upon certification of 100% works by the consultant towards the contractor and Seller.
4.6
The Purchaser hereby fully understands and accepts that in the event where the Payment due to be paid towards the Unit are not fully paid by the Purchaser for whatsoever cause, the Seller in its sole and absolute discretion may not elect to invite to the Purchaser for the checking of the Snagging works and where the outstanding amounts due to be paid towards the unit are not paid by the Seller within 7 days from the date of the building completion notification by the Seller, the Seller shall be excused from the obligation of the snagging thereafter and the Purchaser fully covenants that the right for the snagging checks and fixture shall be completely lost by the Purchaser.
4.7
The Parties hereby collectively covenant and legally oblige that in the event where the Purchaser may discover any deficiencies and/or defects in the Structure of the Property, the Purchaser shall hold the Seller harmless from any such defects and the Liabilities shall stand with the Contractor of the Property, and in the event where the Purchaser may seek to claim any remedies for structural defects, the Purchaser shall raise a specific request to the Contractor. It is further agreed by the Purchaser that Structural Defects discovered by the Purchaser shall be accompanied and recognized and validated by a registered engineer and/or consultant and shall be supported by a professional report in order to request the remedy from Contractor.
4.8
At such inspection, the Purchaser may notify the Seller of any defects or deficiencies in the building works or the Unit and the Parties shall sign a schedule of Defects (“Schedule of Defects”). In the event that the Purchaser fails to attend the scheduled inspection of the Unit, then the Seller may inspect the Unit and prepare the Schedule of Defects on behalf of the Purchaser and the Purchaser shall not raise any objection and waives all rights of objection to this.
4.9
The Seller shall deliver the Schedule of Defects to the appropriate building contractor and thereafter shall take reasonable steps that the Schedule of Defects is remedied. If the Purchaser does not produce the Schedule of Defect at the time of inspection, it shall be deemed to have accepted and been satisfied with the condition and standard of the Unit.
4.10 Unit Handover Date
4.10.1
The Seller shall notify the Purchaser thirty (30) days prior to the date that the Seller expects the Completion Date to fall on and the Purchaser shall settle all outstanding sums under this Agreement (including without limitation the payment due on completion under the Payment Terms) prior to the date specified in that notice. The Purchaser acknowledges and accepts that the Units may be handed over in batches for administrative purposes and therefore to the extent the date the Unit will be handed over differs from the date previously notified, then the Seller may also notify the Purchaser of the expected Unit Handover Date by seven (7) days prior written notice, and such date may vary from the expected Completion Date. The Purchaser shall, at the time and date for the handover of the Unit specified by the Seller, take possession of the Unit keys and owner’s manuals and if necessary, attend to the inspection under clause 3.2.
4.10.2
At the time of handing over the unit the purchaser agree to pay the Seller AED 9,999/- as a administration charges for snagging and handing over. Purchaser agree that these are reasonable charges for such services provided by the seller.
4.10.3
The Purchaser may, from the Unit Handover Date subject to complying with all its covenants and obligations contained in this Agreement and the Master Community Declaration, peacefully hold and occupy the Unit. Notwithstanding the Completion Date being achieved, the Purchaser shall not be entitled to occupy the Unit all such instalments of the Purchase Price due on or prior to the Completion Date ,12 months service charges and all other payments as required by this Agreement have been paid to the Seller in full.
4.10.4
At the time of Handover, Unit will be given Fully by Seller. The furnishing will be done as per Residential apartment standards.
4.10.5
The Seller has an option to the upgrade the Purchasers inventory by switching the Purchaser in any other project for equivalent value, as and when it will be appropriate without any objections from Purchaser.
4.10.6
The Seller shall handover and grants possession to the Purchaser on the Unit Handover Date and all risks and obligations in the Unit shall transfer to the Purchaser on and from such date. Any failure by any Owner to take handover and/or possession on the Unit Handover Date does not affect or alter the transfer of risk in the Unit to the Purchaser and, unless otherwise agreed, the Purchaser shall insure the Unit itself on and from such date, and shall be responsible for all obligations including the payment of Master Community Service Charges in respect of the Unit. The Seller shall be entitled to (but not obligated to) decline to hand over possession and occupation to the Purchaser if the Purchaser has failed to make all of the payments required herein until handover Date or has failed to sign any required documentation (including but not limited to a Declaration of Adherence) or comply with any other provision of this Agreement or Provide PDCs for the remaining payment plan as mentioned within this agreement.
4.10.7
In the event that Purchaser has bought the unit on post-handover payment plan, the Purchaser is required to provide PDC of bank regulated by Central Bank of UAE for the entire post hand over period in his personal capacity. In absence of PDC handover will not be given till the completion of payment. This rule is equally applicable to both local and overseas Purchasers.
4.10.8
Residential apartment Management charges will be charged by Residential Apartments operator or Manager who is managing Apartment, and those charges on pro-rata basis, charged on square footage of tittle deed will be payable by Purchaser at the time of occupying property and this charge will be Invoiced on quarterly basis.
4.10.9
Service charges will be calculated and due by the Purchaser from the date of issuance of the Building Completion Certificate by Trakhees authority.
5RENTING /USAGE OF RESIDENTIAL APPARTMENT:
5.1
The Purchaser can rent this unit out to any 3rd party, after acquiring a NOC from the developer
5.2
The Service charges and Residential apartment Maintenance charges will be the sole responsibility of the Purchaser of the unit.
5.3
The Purchaser is not allowed to rent the property out for commercial use without prior approval / NOC from the Developer.
5.4
The Purchaser may opt to enter into a rental pool or assured rental agreement with the seller. If such offer is made by the seller this offer will be valid for 30 days from date of notification and will be deemed null and void if the buyer has not responded in writing to the offer by the seller. The Purchaser if opt for rental pool offer, then will issue a rental Power of Attorney duly notarized by Dubai Notary Public for the management of assured rental property including the collection of rents in its own name.
6VARIATIONS
6.1
The Seller shall be able to vary any of the following and the Purchaser shall not have any Claim in respect of such variations and Purchaser is giving Pre-consent on following variations and changes if they occur. The Purchaser hereby understands and acknowledges that the Seller reserves the right to alter, change, amend, and/or otherwise:
6.1.1
Fixtures, fittings and equipment in the Common Areas;
6.1.2
Elements in the Unit specifications provided that the Seller shall substitute such materials with other materials that are of equivalent or superior standard and which are readily available in the market place;
6.1.3
The Purchaser acknowledges and agrees that the Seller may from time to time, in its discretion or as required by any competent authority, change, vary or modify the plans, colours, materials, finishes, equipment, fixtures and specifications pertaining to the Project and the Apartment (including architectural, structural, landscaping, grading, mechanical or other plans) from the plans, colours, materials, finishes, equipment, fixtures and specifications existing at the time. The Purchaser hereby consents to any such changes, modifications and / or substitutions and agrees to complete this transaction notwithstanding modifications in accordance with the foregoing;
6.1.4
The Purchaser acknowledges and agrees that the Unit Area as listed in the Particulars is only an approximate and the Purchaser acknowledges that the actual Unit Area may vary from the Unit Area (“Actual Unit Area”).
6.1.5
If the Actual Unit Area, differs from the Unit Area by less than 5% then the Purchaser shall have no claim against the Seller for any deficiency in the size of the Unit. However, if the difference in the Actual Unit Area is more than 5% of the Unit Area, an appropriate proportional adjustment shall be made to the Purchase Price in accordance with the rate per sq. ft.
6.1.6
If the Actual unit area is more than the Unit area as mentioned herein, the Purchaser shall be liable to pay for the excess differential area to the Seller. Any increased amount will be due and payable upon the Completion Date, as notified to the Purchaser in writing.
6.1.7
The internal and exterior finishes of the Unit;
6.1.8
The location of the Unit;
6.1.9
The number of or the numbering of the Unit and/or Car Parking Spaces within the Development;
6.1.10
The size and location of the Common Areas and/or Car Parking Spaces;
6.1.11
Rights of way, easements in favour of the Master Developer and/or any relevant authority;
6.1.12
The name of the Development and/or any part of the Development, Name of the Development company, Name of the Building;
6.1.13
any variations required to comply with applicable provisions, covenants or approval from the Master Developer or any Relevant Authority; and
6.1.13.1 any other elements in this Agreement that are specified to be subject to any condition precedent where that condition is not satisfied or as are expressed herein to be able to be varied by the Seller pursuant to the terms of this Agreement.
7SELLER’S COVENANTS
7.1
Seller will make the project as Residential Apartments.
7.2
Kitchen appliances and Furniture as per Residential apartment Standards will be given by Seller.
7.3
The Seller shall procure the construction of the Unit in compliance with all building codes, rules, regulations and laws in force in the Emirate of Dubai.
7.4
The Seller shall have no further liability whatsoever to the Purchaser concerning defects in the Unit or the manner or standard of construction or design of the Unit following the handover of the unit after snagging.
7.5
The Seller shall (where possible) assign to the Purchaser all benefits it holds in any warranties from the manufacturers of all appliances, fittings or fixtures that are installed in the Unit.
8MORTGAGE LOANS AND FINANCING FROM THIRD PARTIES
8.1
The purchaser acknowledges and confirms, once this Sales and Purchase Agreement has been signed, this is a legally binding document. This agreement will stay binding on the purchaser irrespective of if the purchaser is able to or unable to procure a mortgage loan or finance from third party for their unit. The ability or inability to procure a loan will not have any effect on this agreement and the purchaser’s obligations under this agreement.
8.2
Subject to transfer of Title, the Seller shall reasonably assist the Purchaser with the registration of any mortgage over the Title to the extent such assistance is required by law. The Purchaser agree reimburse the Seller Minimum of AED 10,000/- and reasonable costs incurred in assisting the Purchaser including but not limited to legal costs, administration costs and costs incurred in liaising with the DLD, a financier or any relevant third party.
9 PURCHASER’S COVENANTS AND ACKNOWLEDGEMENTS
9.1
General Covenants
The Purchaser acknowledges, agrees and undertakes that:
9.1.2
The Unit is being purchased on its own behalf and the Unit will be beneficially owned by the Purchaser;
9.1.3
The Purchaser will repair and keep the Unit in a good and substantial state of repair and condition and keep the Unit clean, well maintained and in a tidy condition and at least once in every calendar month properly clean the windows or window frames and all other glass in the Unit;
9.1.4
The Unit will only be used for the Permitted Use and will comply with all applicable laws, decrees, regulations and by-laws including the Constitutional Documents;
9.1.5
It shall comply in all respects with the provisions of all laws, decrees, regulations, approvals, consents, licenses and rules now or from time to time in force and the requirements of any competent authority in relation to the Unit or anything done in the Unit;
9.1.6
All brochures, drawings, show Unit constructions, models, advertisements or other sales, marketing and publicity materials utilised by the Seller in connection with the sale of the Unit are by way of illustration only and the area and/or specification of the Unit may vary from that stated, and the Purchaser confirms that it has not acted or relied upon any representations made by or on behalf of the Seller except those contained in this Agreement;
9.1.7
The Unit forms part of the Master Community and accepts that building works in the Master Community will be continuing after the Unit Handover Date. The Purchaser has no right of claim or compensation against the Seller, Master Developer or anyone else arising from the continuation of the building works that do not form part of the Unit or from the Master Developer amending or varying the master plan or development plan.
9.1.8
The Master Developer is the developer of the Master Community in terms of which the Unit being purchased and land within the Master Community may be developed into a homogeneous residential, commercial, leisure and retail area, where certain facilities and amenities will be shared.
9.1.9
The Master Developer will remain the owner of the Common Use Facilities and the residual land in the Master Community. The Purchaser further acknowledges that for the proper and convenient management, administration, maintenance and control of the Master Community mutually beneficial restrictions are imposed on all the properties in the Master Community and on the Seller and Purchaser under the Master Community Declaration or Constitutional Documents (as appropriate) which establishes a mutually beneficial scheme for the management, administration, maintenance and control of the Master Community.
The PURCHASER SHALL
- Pay the Master Community Service Charges and the Service Charges (and applicable security deposits) and all charges (including connection and consumption charges to the Unit) for hot and cold water, AMC for common swimming pools, AMC for private swimming pool (Plunge Balcony Pool) , electricity, sewerage ,gas (if applicable), telecommunications and information technology applications, and other services provided to the Unit, in addition to all property taxes, Dubai Municipality fees and other similar levies that may be imposed or levied with respect to the Unit and, to the extent that it will be contracting directly for any such services or utilities, shall agree to utilize the Master Developer’s approved service providers;
- Connect and acquire chilled water for the purposes of air conditioning the Unit from any district cooling plant which may be (but is not required to be) approved by the Master Developer for the part of the Master Community in which the Unit Building is located, which shall require that the Purchaser contracts with the relevant district cooling service provider and paying both fixed annual capacity and usage charges (and applicable security deposits) for those cooling services. This clause also applies with respect to desalinated water and any other utility services provided by the Master Developer or an entity nominated or approved by the Master Developer;
- Comply and procure that all occupants and visitors to the Unit comply in all respects with the provisions of the Master Community Declaration, the Constitution and to the extent applicable the terms of this Agreement, and all rules issued pursuant thereto as may be amended from time to time and all laws, decrees, regulations of Dubai and the UAE and the requirements of any competent authority in relation to the Unit and without limiting the generality of the foregoing that it shall not commit any act which shall be or result in a nuisance, annoyance, disturbance, inconvenience or damage to the Unit Building, its occupants, the Association or the Association to any other residents of the Master Community;
- Insure its Unit for all risks and not covered by the Insurance, including liability arising from loss or damage to other Units, Common Areas and/or the Master Community;
- In the event where the Unit Sold in this Agreement has a private pool, the Purchaser hereby fully understands and accepts to maintain the standards set by the Owners’ Association from time to time which shall include without limitation to engagement of a third-party pool management company, maintain cleanliness, keep the pool filled with water, maintain safety guidelines. In the event where the Seller, Owner Associations may require to inspect the Private Pool premises, the Purchaser shall allow such inspection. In the event where any incident may occur for any cause, the Purchaser hereby understands that the Purchaser shall be fully responsible for any damage which may be caused due to negligence in adoption of the guidelines.
- Procure and maintain property insurance in respect of the Unit and the contents of the Unit from the Completion Date and pay all insurance premiums in respect of such insurance policy(ies); Seller will not be responsible for any damage, loss or accident and Unit owner’s insurance will cover all claims.
- The Purchaser hereby covenant and promises that upon execution of this Agreement the Purchaser shall not be able to withdraw or terminate this contract for whatsoever cause and it shall become the obligation of the Purchaser to complete the commitments given in this Agreement. Furthermore, the Purchaser allow the Seller to claim the complete amount of the property along with the surcharge, delay penalties and other fees which the Seller may apply or deem necessary for claiming in the event of default of the instalment by the Purchaser and/or any other conflict between the parties or otherwise.
- The Purchaser shall pay the Master Community Service Charge and the Service Charges calculated and payable in accordance with the provisions of the Master Community Declaration or Constitutional Documents (as appropriate), without any deduction, withholding or set-off annually in advance with the first payment to be made on or prior to (as determined by the Seller in its discretion) the Completion Date.
- Purchaser shall, on the Completion Date, pay to the Seller a deposit of an amount equivalent to twelve (12) months Service Charges or any other amount as per the Seller’s demand as a security for the Purchaser’s obligations, and this sum shall be held by the Seller as a continuing coverage security (the "Deposit"). The Seller may apply the Deposit, in whole or in part, either towards payment obligations or, upon the request of the Association, towards payment obligations pursuant to the Constitution and the Jointly Owned Property Declaration. If the whole Deposit, or any portion of it, is so applied, the Seller shall notify the Purchaser in writing and the Purchaser shall immediately reinstate the Deposit to the original amount.
- If the Purchaser fails to pay the Master Community Service Charges, Service Charges, or any other amounts payable under this Agreement or in respect of the Unit, the Purchaser shall be liable to pay compensation on payment in arrears in accordance with the provisions of the Master Community Declaration and/or Constitutional Documents (as appropriate) and services may be withdrawn and the relevant administrative and judicial authorities may be requested to disconnect the Utilities to the Unit until the relevant costs are paid. In addition, the Seller, Master Developer, Manager and/or Association may exercise any other rights to which they are entitled under law as a result of non-payment of those charges including the right to register a lien against the Unit and sell it by way of public auction;
-
For the proper maintenance, administration and management of the Development, the
Seller may be required to prepare and submit under the JOP Law, Constitutional
Documents and may also to adopt a constitution as well as to establish an
Association. The Association may be responsible for the collection of Master
Community Service Charges and/or Service Charges, proper maintenance, repair,
management and administration of the Development including the Common Areas as a
whole or may be responsible for the proper maintenance, repair, management and
administration of part or parts of the Development only;
- Subject to applicable law, the Association shall come into immediate effect upon registration of Title to the first Unit at the DLD and the Purchaser shall become a Member of the Association upon registration of Title to its Unit at the DLD and shall be bound by the terms and conditions set out in the Constitution. The Purchaser further covenants that it shall perform all obligations and observe all restrictions on Members as specified in the Constitution, and perform all acts necessary to ensure the Constitution is registered as a restriction on the Title;
- The Seller may (at its sole discretion) appoint the Manager to repair, maintain, administer and operate the Common Areas in the Development pursuant to the Facilities Management Agreement.
- The seller may at its sole discretion appoint a swimming pool maintenance company to conduct the AMC of the swimming pools in all the units and this is pre-approved by the purchaser, all costs of such AMC will be paid by the purchaser and the purchaser has no right to object to such AMC or appointment of company;
- The Development is unique in its requirements and the Development’s structure and management requires the Manager to have particular expertise and qualifications which the Seller shall determine in its sole discretion and which will be reflected in the Facilities Management Agreement. The Purchaser shall not be entitled to object to any part of the Facilities Management Agreement including but not limited to the term and the payment of fees and charges by the Purchaser to the Manager pursuant the Facilities Management Agreement. The Purchaser further acknowledges that an application may be made to the Relevant Authorities with respect to the term of the Facilities Management Agreement (as determined in the Seller’s sole discretion) and the Purchaser shall do all things necessary to assist in such application and shall make no objection to such application;
- The Purchaser shall not be entitled to undertake any decorating, fitting out works or to make any alterations to the Unit prior to the Completion Date and shall not be permitted to occupy the whole or any part of the Unit prior to the Completion Date and payment of all such instalments of the Purchase Price due on or prior to the Completion Date;
- The Purchaser will comply with the Rules of Use of Owners as amended from time to time;
- This Agreement is a personal contract between the Purchaser and the Seller and the Master Developer assumes no liability and gives no warranty to the Purchaser for the proper performance of the Seller’s obligations under this Agreement;
- The Seller is the owner of all residual area in the Development (if any) which are not Common Areas or Units and may (if so, determined by the Seller in its sole discretion) retain ownership of the Common Areas and sell, transfer or assign such ownership subject to the requirements of the Constitutional Documents;
- The Purchaser shall not be entitled to make any claim with respect to any terms and conditions contained in the Constitutional Documents and any other documents or management programs or initiatives referred to in this Agreement. The Purchaser acknowledges and agrees that these documents and programs shall be issued and managed on terms and conditions determined in the Seller’s sole discretion and are subject to change and amendment from time to time;
- The Purchaser acknowledges that pursuant to the Master Sale Agreement and/or the Master Community Declaration, the Master Developer may require the Purchaser and/or the Association to obtain certain infrastructure and/or communication services from suppliers approved by the Master Developer and the Purchaser shall be required to enter into agreements for the supply of the same and to pay for the costs of connection and consumption in respect thereto.
- All agreements between the Purchaser and third party purchasers (“Third Party Purchasers”) for the sale of the Unit or part thereof (“Third Party Contracts”) and all future agreements between Third Party Purchasers and subsequent purchasers (“Subsequent Purchasers”) for the sale of the Unit or part thereof (“Subsequent Contracts”) must incorporate appropriate provisions so that such Third Party Purchasers and Subsequent Purchasers are and continue to be bound to comply with the requirements of this Agreement;
- The Purchaser acknowledges and shall procure acknowledgement from Third Party Purchasers and/or Subsequent Purchasers that on the Completion Date other properties in the Project and in the Master, Community may be incomplete and that inconvenience may be suffered as a result of the building activities which shall be in progress. The Purchaser, Third Party Purchasers and/or Subsequent Purchasers shall have no claim whatsoever against the Master Developer, the Seller or any of their respective affiliates in this regard;
- Once title to the Unit has passed to the Purchaser, Third Party Purchasers and/or Subsequent Purchasers; the Purchaser, Third Party Purchasers and/or Subsequent Purchasers may exercise all the rights of a property owner, including the right to mortgage his Unit or, upon issuance of Clearance Certificates in terms of the Constitution and Master Community Declaration, to sell, transfer or grant his Unit to third parties. Until the Clearance Certificates have been issued, the Purchaser, Third Party Purchasers and/or Subsequent Purchasers shall continue to be jointly and severally liable with his successor/transferee of the Unit, for the due performance of obligations pursuant to the Constitution and the Master Community Declaration; and
- The Purchaser acknowledges receipt of a Disclosure Statement and acknowledges it will have no claim or raise any objection against the Seller in relation to any scheme for jointly owned property promulgated by the Seller pursuant to that Disclosure Statement or the JOP Law, whether before or after the Completion Date.
8.2
Subject to transfer of Title, the Seller shall reasonably assist the Purchaser with the registration of any mortgage over the Title to the extent such assistance is required by law. The Purchaser agree reimburse the Seller Minimum of AED 10,000/- and reasonable costs incurred in assisting the Purchaser including but not limited to legal costs, administration costs and costs incurred in liaising with the DLD, a financier or any relevant third party.
10
Service Charges and Other Payments
The Purchaser covenants to pay, indemnify and hold harmless the Seller, the Master Developer, the Manager and the Association (as appropriate) against the following:
-
All Service Charges and Master Community Service Charges which shall be paid in
accordance with the timings and requirements of the Constitutional Documents and the
Master Community Declaration (as appropriate);
- All existing and future rates, taxes, duties, charges, assessments, impositions and other outgoings, Utilities charges (whether usage, account opening or other charges) maintenance fees, Dubai Municipality fees, Master Community Service Charges, Registration Fees and Administration Expenses which are now or may at any time be charged, levied, assessed or imposed upon, or payable in respect of, the Unit or upon the Owner or occupier of them and, in the absence of a direct assessment on the Unit, shall pay to the Association, the Seller or such other person authorised to collect such sums pursuant to the Constitutional Documents a fair proportion (to be reasonably determined by such person) of any such outgoings; and
- Deposits in advance for Service Charges and Master Community Service Charges if required by the Manager, the Seller or the Master Developer.
- The Purchaser or any subsequent (Third party) purchaser of the property must clear all service charges, Master Charges, and any other outstanding charges to obtain a transfer NOC from the seller (Developer).
11
No right of Set-Off
Subject to any contrary statutory right, the Purchaser shall not exercise any rights of set-off, deduction, abatement or counterclaim that it may have to reduce its liability for payment of the Master Community Service Charges, Service Charges or any other payments due under this Agreement.
12
Method of Payment
The Service Charges, Master Community Service Charges and all other payments to be made by the Purchaser under this Agreement, the Constitutional Documents or the Master Community Declaration shall be paid in such manner so that the person entitled to them shall receive full value in cleared funds on the dates when such payments are due.
13
Compensation on Late Payments
Without prejudice to any other right, remedy or power contained in this Agreement or otherwise available in Law to the Seller, the Master Developer or the Association (as appropriate), if any of the Service Charges (whether formally demanded or not) or any other sum of money payable to the Seller, the Master Developer, the Manager, the Association or to any other person entitled to such sums pursuant to the Constitutional Documents shall not be paid by the Purchaser (other than the Purchase Price) so that full value in cleared funds are received by the relevant Party within seven (7) Working Days of the date when payment is due, then the Purchaser shall pay agreed compensation on such sums at the Prescribed Rate on a pro rata basis from and including the date when payment was due to the date that the payment is received by the relevant persons entitled to such payments.
14
Law Changes and Amendments
The Purchaser acknowledges and agrees:
- That the laws of Dubai may change in respect of ownership in land and further regulations may be imposed in respect of jointly-owned property, the establishment of the Association and various other aspects of property sale and purchase in Dubai and the United Arab Emirates.
- That it is anticipated that the Constitutional Documents will be required by the DLD in respect of the establishment of a JOP scheme under the JOP Law.
- To accept and abide by the Constitutional Documents as will be prepared by the Seller, and further agrees that should such laws change thereby conflicting with this Agreement or the Constitutional Documents, then this Agreement and/or the Constitutional Documents or relevant part thereof shall be amended so as to make them compliant with the current and applicable law.
- That the Seller is entitled to amend this Agreement at its sole discretion prior to the transfer of Title in order to make it compliant with applicable laws as enacted and amended from time to time.
15
Constitutional Documentation
The Purchaser acknowledges that the terms and conditions provided in the Constitutional Documents issued by the Seller shall be determined in the sole discretion of the Seller (subject to any applicable laws) and the Seller is entitled to amend, vary or reissue such documents from time to time. The Purchaser acknowledges that the following conditions may be included in the Constitutional Documents:
- there shall be rules and regulations relating to the furnishings and fixtures (both interior and exterior) of the Units; and
- there may be separate funds for the maintenance, repair, future expansion and upkeep of various parts of the Development including (but not limited to) the Units and the Common Areas and such funds will be contributed to by the Purchasers in a manner calculated in the Seller’s sole discretion and/or as otherwise specified in the Constitutional Documents.
In addition to any other document required to be signed by the Purchaser, whether pursuant to
this Agreement, the Constitutional Documents, the Master Community Declaration or any other
document to which the Purchaser is bound, the Purchaser will on or prior to the Handover
Date, or sooner if required by the Master Developer, sign and deliver to the Seller the
Declaration of Adherence as evidence of his assumption of the obligations described in the
Constitutional Documents and the Rules of Use of Owners.
16 DISPOSITIONS, SALES AND ASSIGNMENT
6.1
It is specifically agreed by the Purchaser that it shall not without the prior written consent of the Seller (such consent which may be not be unreasonably withheld):
- 16.1.1 sell or otherwise transfer the Unit or any part thereof to any other person; or
- 16.1.2 convert the Unit sold under this Agreement to more than a single property for on sale or subsequent transfer; or
- 16.1.3 assign or transfer the Purchaser’s rights and obligations under this Agreement, it being understood that the Seller will not grant approval until payment of all amounts due under the Payment Terms are received by the Seller, including the PDCs for the Post – Handover Payment Plan; and
- 16.1.4 subject always to the Purchaser not being in default under the terms of this Agreement.
16.2
Any sale, transfer or assignment of the Purchaser’s interest in the Unit or its rights and obligations under this Agreement shall be subject to payment by the Purchaser to the Seller of the Administration Expenses and to the DLD of any fees (including not limited to transfer fees, Registration Fees and/or release of mortgage fees).
16.3
Once Title to the Freehold Interest in the Unit has been registered at the DLD in favour of the Purchaser, the Purchaser may (subject to any approvals required from the Seller) exercise all the rights of an Owner, including the right to mortgage or sell the Unit.
16.4
The Purchaser shall indemnify and hold the Seller harmless against all Claims suffered or incurred in respect of any claims made by a third party in respect of the transfer or alienation or purported transfer or alienation of any interest in the Unit or this Agreement to any other person.
16.5
If the Purchaser is a company, any change in the shareholding of the company shall be deemed to be a transfer or assignment of the Unit for the purposes of payment of the Administration Expenses and/or Registration Fees.
16.6
An assignment, transfer, sale or other disposition of the Unit and/or this Agreement, other than in accordance with this Clause 8, shall constitute a material breach entitling the Seller to terminate the Agreement in accordance with Clause 12.
16.7
No transfer or other disposition (other than by way of mortgage) of the interest in the Unit in accordance with Clause 8.1 will be of any legal effect until the party intending to acquire the interest has entered into an agreement acknowledging that such party will be bound by the terms of this Agreement including the Master Community Declaration, and/or the Constitutional Documents and acknowledges the Master Developer’s, Association’s, Seller’s and Manager’s power to enforce the Master Community Declaration, and/or the Constitutional Documents respectively.
17UNIT MANAGEMENT AGREEMENTOPTION
17.1
The Purchaser may elect to place the Unit under the management and administration of the Seller and/or an affiliate of the Seller pursuant to a Unit Management Agreement.
17MASTER COMMUNITY DECLARATION
17.1
Requirement for a Master Community Declaration
17.1.1. The Purchaser acknowledges and agrees that the Master Community Declaration and JOP Declaration is required for the proper and convenient management, administration, maintenance, and control of the Development and the entire Master Community (as applicable), and as such, mutually enforced and beneficial restrictions and limitations shall be imposed upon all the purchasers of Units and the properties in the Master Community.
17.2
Recorded on Title
Every Unit sold is to be subject to the terms of the adopted Master Community Declaration and the Constitutional Documents. If permissible under the effective laws, rules, and regulations of the Emirate of Dubai, registration of the Unit in favour of the Purchaser shall be made with the DLD in accordance with Clause 2.3, subject to the terms and conditions of the Master Community Declaration and the Constitutional Documents, which shall be restrictions on Title. If the effective laws, rules, and regulations of the Emirate of Dubai do not permit such registration, the Seller and the Purchaser (on its behalf and that of his successors-in-title, successors-in-interest, and permitted assigns) hereby consent, acknowledge and agree that the Master Community Declaration, this Agreement and the Constitutional Documents shall serve as a clear, unequivocal and legal restriction on the Purchaser’s Title in the Unit in perpetuity and shall procure consent, acknowledgment and agreement to the same from any transferee.
18 CAR PARKING
18.1
Car Parking
If the Purchaser is allocated Car Parking Spaces (the “Space”), the Seller shall allocate or transfer to the Purchaser the number of Spaces as specified in the Particulars and the Purchaser shall be entitled to use such Space commencing on the Unit Handover Date. The Purchaser acknowledges that the right to use the Space is an exclusive use right and the right to use such Space shall pass to any subsequent holder of the Freehold Interest in the Unit. The Seller and/or Association shall be entitled to suspend or terminate such exclusive use right in the event that the Service Charges are not paid in compliance with the terms set out in this Agreement or the relevant Owner is otherwise in breach of the terms if the Constitutional Documents or the rights of use set out in this Agreement. The Seller and/or Association may from time to time reallocate Spaces as it thinks fit and the right of exclusive use shall apply in respect of such re-allocated Spaces.
18.2
Use of Space
Only one private motor vehicle is allowed for each Car Parking Space. The Purchaser shall
not carry out any maintenance, storage, nor wash any vehicle, nor spill oil or other
damaging substances anywhere in the Car Parking Areas or its surrounds, nor do anything
which may be or become a nuisance, annoyance or inconvenience to any other tenants or
occupiers of the Development and/or the Community. The Purchaser shall at its sole cost
keep and maintain the Car Parking Space in a clean and tidy condition. In the event the
Purchaser fails to maintain the Car Parking Space, the Manager shall be entitled to
clean and maintain the Car Parking Space and charge the Purchaser accordingly. The
Purchaser acknowledges the Seller has the exclusive right (but shall not be obliged) to
operate or appoint a contractor to establish and/or operate a car washing business
within the Car Parking Areas and the Purchaser shall have no claim against the Seller in
respect of the exercise by the Seller of its rights under this Clause 7.
19 Liability for Damage to Car Parking Spaces
19.1
The Purchaser shall indemnify the Seller, the Car Park Owner and the Association against all damage, loss or claims of any kind sustained or received by the Seller, the Car Park Owner or the Association arising from the use of the Car Parking Areas and/or the Space by the Purchaser or its agents or visitors.
19.2
Contribution to loss:
The indemnities in clause 11.4 do not apply in respect of the Association or the Seller (as the case may be) where such claims, demands, losses, injury, death, loss or damage is caused by the negligent or wilful act or omission of the Association or the Seller or both of them (as the case may be) or their employees, agents, contractors or other persons under the control or direction of both or either of them
19.3
Disclosure of Information:
The Purchaser shall disclose to the Seller such information as the Seller may reasonably require without any omissions.
20 No transfer or assignment of Car Park right
20.1
The right to use and enjoy the Space is personal to the Purchaser and cannot be sold, leased, assigned or otherwise transferred to any other person except in accordance with the transfer of the Freehold Interest in the Unit.
21 DEFAULT BY THE PURCHASER / TERMINATION
21.1
In addition to the Seller’s rights under clause 7, if the Purchaser fails to pay any part of the Purchase Price as set out in this Agreement, the following shall apply:
21.2
upon failure to deposit any instalment or part of the Purchase Price or any payments by the due dates (as specified in the Payment Terms), the Purchaser shall pay to the Seller agreed compensation on any outstanding sum pro rata calculated at the Prescribed Rate and the late penalty; and
21.3
each payment made by the Purchaser shall be allocated first to discharge compensation payable under clause 2.3 (or otherwise pursuant to this Agreement) for delay in payment and thereafter applied to the part payment of the Purchase Price.
21.4
21.4 The Seller shall have a first and paramount lien on the Unit and Car Parking Spaces in respect of any unpaid Service Charges and/or Master Community Service Charges or other costs due under this Agreement and the Seller can exercise any rights in accordance with any law or procedure laid down by the judicial authorities of the Emirate of Dubai in order to enforce collection of such sums, including but not limited to a reduction in the services provided in the Development
21.5
In the event that the Purchaser:
- 21.5.1 Fails to make any payment due on the due date as set out in this Agreement, regardless of whether or not notice of such failure is given; or
- 21.5.2 fails to fulfil any of the terms and conditions of this Agreement after thirty (30) days written notice of such default or ;breach being sent by the Seller to the Purchaser; or
-
21.5.3 assigns this Agreement contrary to the provisions of Clause 8;
then the Seller shall be entitled, without notice and without prejudice to any other rights available in law, to:
- Terminate this Agreement; and/or
- Re-sell the Unit and Car Parking Spaces; and/or
- Forfeit 50% of the Purchase price; and/or
-
Retain all payments made by the Purchaser, subject to any maximum amount
permissible at law, as pre-estimated liquidated damages, which the Parties
agree is a true and reasonable pre-estimate of the Seller’s loss and damage
suffered or incurred as a result of the default of the Purchaser. In
addition, the Seller also reserves
the right to recover costs and losses, if any, that the Seller may suffer in the process of termination of this Agreement in terms of this Clause 12 and the resale of the Unit. The Purchaser agrees not to challenge the retention by the Seller of such sums except in relation to a valid breach by the Seller of the terms of this Agreement; and/or - Recover any further Loss/Compensation, if any, that the Seller may suffer in the process of any action taken under this clause 12 or otherwise arising out of a breach by the Purchaser to Article 15 of Executive Council Resolution No. (6) Of 2010, approving the executive regulation of Law No. (13) Of 2008, concerning regulation of the Interim Real Estate Register in the Emirate of Dubai.; and/or
- Hold the Purchaser to the Agreement and charge him compensation on any sum outstanding under this Agreement at the Prescribed Rate from and including the date when payment was due to the date of payment is received by the Seller in full.
21.6
The Purchaser expressly agrees to indemnify the Seller against all Claims and all Loss (including all legal fees) arising out of any act or omission of the Purchaser constituting a breach of the terms and conditions of this Agreement including without limitation, any arising out of or pursuant to clause 2.3.9 above. The Purchaser permits and gives consent to the Seller to set-off any amount of the Purchase Price in the Seller's possession against such Claim or Loss.
21.7
Without prejudice to the rights and remedies set out above, the Purchaser expressly authorises the Seller to rent the Unit to third parties in order to recover all or part of any amounts due under this Agreement, the Constitutional Documents and/or the Master Community Declaration. The rental of the Unit to any third party shall not affect the Seller’s right to elect to terminate this Agreement and/or pursue any other remedies available to the Seller at any time.
21.8
The Purchaser expressly acknowledges and agrees that it consents to the Seller’s entitlement to terminate this Agreement pursuant this Clause 15.1, in accordance with the meaning of consent and mutual consent contemplated under Article 218, 267 of the UAE Federal Law no. 5 of 1985.
21.9
The Purchaser agrees that the Seller shall be entitled to exercise such right without the need to obtain a court order in accordance with Article 271 of the UAE Federal Law no. 5 of 1985.
21.10
The Purchaser expressly acknowledges and agrees that in the event of completion of building or handover, the Seller has absolute right to forfeit whole paid amount upon failure of any term listed above. The purchaser agrees that it consents to forfeit the whole amount in accordance with the meaning of consent and mutual consent contemplated under Article 218, 267 of the UAE Federal Law no. 5 of 1985.
21.11
In case of cancellation/termination of the Sale & Purchase Agreement and/or OQOOD for the unit, the Purchaser shall not be entitled for the refund of the Broker payment made by the Seller from the Escrow Account, to the Brokerage Agency/Agent, when concluding the Sale & Purchase Agreement for the unit.
22 FORCE MAJEURE
22.1
If the completion of the Project and/or the handover of the Unit is delayed due to any act beyond the control of the Seller including market conditions, the Seller shall notify the Purchaser of such delay as soon as practicable. The Force Majeure shall include without limitation to fire, flood, earthquake or alike acts of God, wars, revolution, civil commotion, explosion, acts of public enemy, embargo, acts of the government in its sovereign capacity, labor difficulties, including without limitation, strikes, lockdowns i.e. COVID-19 Pandemic, slowdowns, picketing, or boycotts, unavailability of equipment from vendor, changes requested by Customer, or any other circumstances beyond the reasonable control and without the fault or negligence of the Party affected, the Party affected, upon giving prompt notice to the other Party, shall be excused from such performance on a day-to-day basis to the extent of such prevention, restriction, or interference. In case where the Force Majeure has effected the Seller, the anticipated completion date of the Project may be adjourned as per the notice of applicability of the Force Majeure and such adjournment shall be on top of the grace period allowed to the Seller for delay in Completion of the Project. Notwithstanding anything mentioned in this clause Purchaser’s payment obligations coming due during the event of Force Majeure shall not be suspended and shall not be affected by force majeure event
23 MISCELLANEOUS
23.1
Disclosure of Information:
The Purchaser shall disclose to the Seller such information as the Seller may reasonably require without any omissions.
23.2
Indemnity:
The Purchaser shall keep the Seller fully indemnified from and against all actions, proceedings, claims, demands, losses, costs, expenses, damages and liability arising in any way directly or indirectly arising out of:
- any act, omission, neglect or default of the Purchaser or any persons in the Unit expressly or impliedly with the Purchaser’s authority; or
- any breach of any covenant by the Purchaser contained in this Agreement.
23.3
Notices:
Any notice given under this Agreement shall be in writing and shall be served by delivering it personally or sending it by courier or fax to the address or fax number as set out in this Agreement. To the extent that the Purchaser is not contactable by any of the means listed above the Seller may serve notice by public notice in any UAE newspaper. Any such notice shall be deemed to have been received:
- if delivered personally, at the time of delivery;
- in the case of courier, on the date of delivery as evidenced by the records of the courier;
- in the case of a fax, at the time of transmission as evidenced by the transmission report; and
- in the case of public notice in any UAE newspaper the day after publication.
23.4
No Waiver:
Failure by either Party on any occasion to insist upon observance or performance by the other Party of any covenant or obligation herein contained shall not amount to a waiver of such breach or acceptance or such variation by such Party. Furthermore, no waiver by either Party of any breach of any covenant, obligation or provision in this Agreement express or implied shall operate as a waiver of another breach of the same or of any other covenant, obligation or provision of this Agreement, whether express or implied.
23.5
Confidentiality:
All information concerning the commercial or legal terms and conditions of this Agreement shall be kept confidential by the Parties and shall not be disclosed by either Seller or Purchaser to any third party except as may be required by law, court order or government process and except on a need to know basis of each Party’s consultants, auditors, lenders, legal counsel, investors and prospective purchasers of the Unit. This clause shall survive the termination of the Agreement.
23.6
Binding Effect:
The Agreement shall be to the benefit of and be binding upon the Parties hereof and their respective personal representatives, heirs, successors and permitted assigns.
23.7
Counterparts:
This Agreement may be executed in any number of counterparts each of which when executed and delivered shall be an original, but all the counterparts together shall be an original, but all the counterparts together shall constitute one and the same instrument.
23.8
Further Assurances:
Each Party shall execute such other documents and perform such other acts as may be necessary to fulfil the provisions of and to give to each Party the full benefit of this Agreement.
23.9
Assignment:
The Seller may assign its interest in this Agreement without the consent of the Purchaser or its successors in title at any time.
23.10
Joint Liability:
If there is more that one Purchaser named in this Agreement, all Purchaser obligations shall be joint and several.
23.11
Severability:
Where any term, provision or clause in this Agreement or part of it is termed as void, illegal or unenforceable, such term, provision, or clause or part thereof shall be stricken off this Agreement and this shall not affect the legality, validity or enforceability of the remainder of this Agreement.
23.12
Relationship of the Parties:
The relationship of the Parties in this Agreement shall be restricted to Seller and Purchaser only as stated earlier in this Agreement.
23.13
Language:
In the event that any translation is prepared of this Agreement, the English text will prevail and shall be conclusive to resolve questions of meaning or interpretation.
23.14
Amendment:
Other then any amendment required by Clause 7.6 of this Agreement, no amendment to this Agreement shall be valid unless it is made in writing and executed by each Party's authorised representative.
23.15
Entire Agreement:
This Agreement constitutes the entire agreement between the Parties relating to the Unit and supersedes any previous agreements or understandings (including the Contract), whether verbal or written.
23.16
Force Majeure:
Neither Party shall be held responsible for any delay in performance of any of its obligations under this Agreement (except payment obligations) where such delay in performance is as a result of an event of Force Majeure.
23.17
Governing Law and Jurisdiction:
This Agreement shall be governed by and construed in accordance with the laws of the Emirate of Dubai and the applicable Federal laws of the United Arab Emirates.
23.18
Dispute Resolution:
In the event of any dispute or difference (“Dispute”) arising between the Parties out of or relating to this Agreement or to the breach thereof, the Parties shall use their best endeavours to settle such Dispute. To this effect they shall consult and negotiate with each other, in good faith and understanding of their mutual interests to reach a just and equitable solution satisfactory to both Parties. If they do not reach such resolution within a period of thirty (30) days, then:
- if the Dispute between the Parties arises out of or is related to Clause 3 (Completion Date), Clause 4 (Variations) or Clause 6.3 (Defects), then the matter shall be determined by the Project Architect (acting as an expert) whose decision shall be final and binding on the Parties, save in the case of manifest error or mistake of law; and
- any other Dispute shall be referred to arbitration by a single arbitrator in Dubai in the English language under the arbitration rules of the Dubai International Arbitration Centre (“DIAC”). Failing agreement by the Parties on the appointment of the arbitrator within fourteen (14) days of notice to arbitrate given by either Party to the other, the arbitrator shall be chosen and appointed by the President of the DIAC. The arbitration award shall be final and binding upon the Parties and not subject to any appeal in any court. It shall deal with the question of costs of arbitration and all matters related thereto. The award of the arbitration shall be the sole and exclusive remedy between the Parties regarding any and all claims and counterclaims presented to the arbitrators.
24
Effective Date:
Unless terminated earlier pursuant to the provisions of this Agreement, this Agreement shall survive the Completion Date insofar as any rights and obligations contained herein are of continuing effect.
IN WITNESS WHEREOF this Agreement has been executed by the duly authorized signatories of the Parties and is executed by the Parties on the date the last Party signs below:
وإثباتا لذلك تم تنفيذ هذه الاتفاقية من قبل المفوضين بالتوقيع حسب الأصول من الأطراف ويتم تنفيذه من قبل الأطراف من تاريخ اخر طرف وقع
Seller
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البائع
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المفوض بالتوقيع
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المشتري المشترك
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SCHEDULE 1
Part A Unit Plan
PART B
Notes
- Please note that all materials shall be selected as per Consultant’s approval
- All color combination shall be selected by the appointed Interior Designer and Consultant of the project.
- The above specifications and colors are subject to change based on recommendation of Consultant and/or Interior Designer.
- The Developer shall deploy the most cost effective and low maintenance products in the project as per market trends and regulations.
- The Developer shall not be held liable in case of any change or deviation from the above specifications in the actual apartment upon handover.
- The Developer will furnish the unit with furnishing such as, Bed, appliances, and other furniture.
SCHEDULE 2
DISCLOSURE STATEMENT
THE RULES OF USE OF THE OWNERS
1. RULES RELATING TO USE OF UNIT
1.1
1.1. Permitted Use of Unit: Residential Apartments
- Personal Use: The owner is allowed to use this apartment for their personal use, but is not allowed to use it for commercial or business activities, without prior written consent of the developer or management which shall be appointed by the developer at the time of completion.
- 3rd Party Rental: The owner is allowed to at their Discretion rent this unit out to any third party for the use of Single-family use with no sub-divisions of the unit. The 3rd party is not allowed to run any commercial activities within the unit.
- Pool Rental:The owner can additionally give the unit to the management within the building to rent and manage the unit. This can be done either at the time of handover or later at any point in time. The Management will add this unit to the rental pool of units and will rent it on a short-term basis such as any other lodging, accommodation. This will be governed by a separate agreement between the owner and the Management.
2
Inside Unit Swimming Pools:
The Owner of the unit is responsible to rectify and clear any issues or problems with the swimming pool within their unit. The owner will have 3 days to rectify the issue otherwise the owner’s association will rectify / fix the issue and bill it back to the client.
- Service Charges of Pool: The owners association holds the right to add the swimming pool AMC to the service charges in which case the owner pre-approves such a decision, and has accepted such a situation. The owner of the unit cannot reject or object to such a decision by the owner’s association.
3
Use Restrictions: Owners shall not use the Unit for any trade, business, profession or commercial use and shall perform and observe the following use restrictions:
4
Discharges into Conduits: Owners shall not discharge into any Conduit any oil or grease or any noxious or deleterious effluent or substance that may cause an obstruction;
5
Disposal of refuse: Owners shall not deposit in the Common Areas any refuse, rubbish or trade empties of any kind other than in proper receptacles and as may be designated by the Manager, and shall not burn any refuse or rubbish on any part of EMPIRE ESTATES grounds and shall comply with the rules for rubbish disposal set by the Manager from time to time;
6
Obstruction of Common Areas:Owners shall not do anything as a result of which the Common Areas (or other area over which Owners may have rights of access or use) may be damaged, or use may be obstructed in any way;
7
Prohibited usesOwners shall not use the Unit for any dangerous, noisy, noxious or offensive business, occupation or trade; or for any illegal or immoral purpose;
8
NuisanceOwners shall not do anything in the Unit or the Development which may be or become a nuisance, or which may cause annoyance, damage, disturbance or inconvenience to any other tenant or occupier of the Development or any Adjoining Property, or which may be injurious to the amenity, character, tone or value of the Development;
9
Satellite and TV aerials:No television aerials or satellite dishes may be attached to the exterior of the Unit without the Manager’s prior written consent (which may be withheld, delayed or given on terms as the Manager deems fit in its absolute discretion) and then only upon the terms and conditions contained in such consent;
10
Hanging of laundry:Owners shall not place or hang any washing or laundry or any other items on any part of the Unit where it is visible from outside the Unit;
11
Car parkingOwners shall not use the Car Parking Spaces and Additional Car Parking Spaces allotted to the Owner other than for the parking of cars and light commercial vehicles only and such cars shall be tagged appropriately and / or have authorized passes. No heavy vehicles, boats or trailers may be parked. One vehicle may not occupy two parking spaces. Vehicles shall be parked in such a way that the flow of traffic is not disturbed. Owners shall not wash cars in the Car Parking Areas. The Manager may from time to time approve on a case-by-case basis storage devices to be left in the Car Parking Space(s) however, such devices must comply with the specifications set out by the Manager;
12
Pets: Owners shall not allow animals of any kind to be kept in the Unit unless with the prior authorisation by the Manager. Where such authorisation has been provided by the Manger, Unit Owners shall ensure that their pets do not cause any nuisance in the Development.
13
Compliance with Rules of Use: Owners shall comply with the Rules of Use in place from time to time and shall notify the Manager immediately if there is a change of occupants with respect of the Unit and shall ensure that all occupants of the Unit comply with the Rules of Use and any general notifications that the Association, Manager or Master Developer may issue from time to time;
14
Explosives and Hazardous Materials: Owners shall not permit explosives, flammable substances, hazardous chemicals or firearms to be stored in the Unit, in any part of the Development, in its annexes adjacent to the Development except with the prior written approval of the Manager and then only in accordance with the terms and conditions imposed by the Manager from time to time;
15
Pest Treatment: Owners shall not allow the Unit to fall into disrepair, become infected with insects or in any way become a health hazard to the others Owners and shall have it regularly treated to prevent such pests at its cost. The Owner shall notify the Manager as soon as it becomes aware of any infestation;
16
Regulations and By-Laws: Owners shall comply with all the Regulations and By-Laws and those made by any Zoning Authority which apply to EMPIRE ESTATES so far as they restrict or limit the use of the Unit;
17
Signs and Advertisements:Owners shall not erect or display on the exterior of the Unit or in the windows of them so as to be visible from the exterior, any advertisement, poster, notice, pole, flag, aerial, dish or any other sign or thing without the prior written consent of the Manager;
18
Supervision of children:Owners acknowledge that all children below the age of 16 attending the health and fitness club, swimming pools and at other amenities at the Development or in the Common Areas shall be supervised by an adult at all times;
19
Utilities: Owners acknowledge that all utilities, electricity and water at EMPIRE ESTATES for the Unit will be provided by Dubai Electricity and Water Authority (‘DEWA’) or other applicable utility service providers and these costs will be paid for separately by the Owners. The Owners further acknowledge that the provision of other Utilities may be subject to the Master Community Declaration and/or may be supplied by the Association through the bulk purchasing contracts which will be separately charged to the Owners;
20
Communication: Owners acknowledge that all communications, television and internet services at EMPIRE ESTATES smay be provided by the Master Developer (and/or its appointed agents, suppliers or concessionaires) exclusively and these costs will be paid for separately by the Owners;
21
Usage of Swimming Pool and Recreational Areas: The swimming pool and other recreational areas shall be used by the Owners during normal attendance hours only. The normal attendance hours shall be decided by the Manager from time to time and in the absence of any such decision shall be determined by the Custodian;
22
Insurance policy: Owners and their guests shall not do or permit anything to be done which may render void or voidable any policy of insurance of EMPIRE ESTATES or may operate to increase the premium payable in respect thereof. In the event that an Owner commits an act or omission that causes an increase in the insurance premiums payable in respect of the Development then the Manager or such other person entitled pursuant to the Constitutional_Documents shall be entitled to recover such increase in premiums from the Owner;
23
Noise pollution: Not to play or use or permit to be played or used any musical instrument or sound reproduction, equipment or television loudspeaker or mechanical instrument of any kind between the hours of 12 midnight and 8 am so as to cause damage, nuisance or annoyance to the other Owners or any occupier of any neighboring or adjoining property;
24
Owner Guests: Owners shall be responsible for the actions of their guests’ / visitors’ compliance with the Constitution, and all Constitutional Documents and Rules of Use of Owners whilst at EMPIRE ESTATES. All visitors and guests are permitted into EMPIRE ESTATES with the permission of an Owner, such permission to be communicated to the Manager in advance;
25
Drivers, Maids and Other Employees: Drivers, maids and other employees of the Owner are not allowed to bring any guests to or to use the facilities of EMPIRE ESTATES. In case of misconduct of any employee, the Owner will be notified by the Manager;
26
Furniture Movements: The hours in which furniture movements are allowed will be decided by the Association from time to time and in the absence of any such decision shall be determined by the Manager.
27
Alcohol:The Common Areas are for the peaceful and quite enjoyment of all Owners in common and therefore shall not be used for parties or entertaining and no alcohol or banned substance may be used or consumed in the Common Areas;
28
Maintenance: Each Unit Owner shall be responsible for the proper maintenance and decoration of his Unit. The standard of maintenance and decoration will be maintained at a standard befitting the standard of EMPIRE ESTATES ;
29
Units to be kept Clean: All Units shall be kept clean and all practical steps shall be taken to prevent infestation by vermin and/or insects. If a Unit is unoccupied for a continuous period of two (2) months, the Manager, upon reasonable notice and at reasonable times, may enter the nit to inspect the Unit;
30
Lighting and Heating of Units: The Unit Owner or occupier of an Unit shall not use any chemicals, burning fluids, acetylene gas or alcohol in lighting or heating his Unit nor in any other way cause or increase a risk of fire or explosion in his Unit;
31
Windows: Windows and window frames shall be kept clean and promptly replaced with fresh glass or other material of the same kind, colour and weight as at present if broken or cracked;
32
Interior Window Covers:No window shall be covered with aluminium foil or similar reflective material or tinted and no shutters, awnings or other window cover shall be affixed externally to the Unit Building unless written consent has been first obtained from the Manager.
33
No Hanging Washing: An Owner or occupier of a Unit shall not hang washing, towels, bedding, clothing or other articles or display any sign, advertisement, placard, banner, pamphlet or like matter on the Unit Building or on any part of his Unit (including the windows) in such a way as to be visible from outside the Unit.
34
No Furniture:An Owner or occupier of a Unit shall not place on any balcony of his Unit or on the Common Areas any furniture or other structures without the prior consent of the Manager PROVIDED THAT such consent shall not be required where such furniture was installed in the Common Areas by the Seller.
35
No Altering Exterior Lighting:An Owner or occupier of a Unit shall not alter the lighting (including the colour) on the exterior of the Building or the Unit (including the balconies) and shall not place any plants, pot plants, barbecues or other structures on any part of the Unit (including the balconies) or on the Common Areas.
36
Association to be Notified of Accidents etc:An Unit Owner or occupier of an Unit shall give to the Manager prompt notice of any accident to or defect in any water pipes, gas pipes, electric installations or fixtures which comes to his knowledge and the Manager shall have authority by its servants or agents in the circumstances having regard to the urgency involved to examine or make such repairs or reno ions as they may deem necessary for the safety and preservation ion of any Unit as often as may be necessary;
37
Inspection of Units: Upon one day’s notice in writing, the Manager and its servants, agents and contractors shall be permitted to inspect the interior of any Unit and to test any electrical, gas or water installation or equipment therein and to trace and repair any leakage or defect in the said installations, equipment and any pool, balcony, courtyard or window (at the expense of the Unit Owner or occupier of the Unit concerned in the case where such leakage or defect is due to any actual default of such Unit Owner or occupier or his tenants, guests, servants or agents). If not so permitted, they may affect entry. The Manager in exercising this power, shall ensure that its servants, agents and employees cause as little inconvenience to such Unit Owner or occupier as is reasonable in the circumstances and will promptly make good any damage caused in exercising its rights under this rule; and
38
Consent to filming and security footage for security purposes: The Owners acknowledge that EMPIRE ESTATES and the Common Areas would be filmed for security purposes. The Owners consent to disclosure of such material to all security staff and authorities of the Dubai government including municipal and police authorities upon their request. The Owners also acknowledge that the security maybe increased at EMPIRE ESTATES without notice upon the reasonable discretion of the Manager in consultation with the Association.
39
Changes to Rules of Use: The Association and/or the Manager and or the Seller or such other person pursuant to the Constitutional Documents may amend, vary, revoke, add or supplement the Rules of Use at any time if authorised to do so pursuant to the Constitutional Documents at their discretion.
40 RULES RELATING TO ALTERATIONS
41
Structural alterations: Owners shall not alter, cut into or remove any of the structural parts of the Unit including, the roofs, exteriors, principal or load-bearing walls, floors, beams or columns in or enclosing the Unit so as to change the appearance, quality, or integrity of the Unit nor shall Owners make any alterations to the Unit that affect the delivery or re-delivery of water, electricity or any other Utilities serving the Unit including fire fighting systems, without the prior written consent of the persons appointed to approve such things under the ConstitutionalDocuments (“Appointed Persons”) the Manager, (who may appoint a specialist consultant) and if necessary the Dubai Municipality and the Zoning Authority on terms and conditions that the Appointed Persons and the Manager deem fit. The Owner, who requested the alterations, additions or changes, will pay for any costs for any approvals and any additional costs related to the alterations, additions or changes.
42
Non-structural alterations: Owners may not remove, alter or erect any masonry or partition walls or any floor or ceiling coverings or make any internal alteration or addition of a non-structural nature to the Unit without the prior written consent and approval of the drawings and specification by the Appointed Persons and the Manager and on such terms and conditions as such persons deem necessary.
43
Covenants by Owners: Owners shall enter into such covenants as the Appointed Persons or the Manager, the Dubai Municipality and the Zoning Authority may require regarding the execution of any works to which the Association consents under this clause.
44
Working hours: The working hours in which the alterations or refurbishment of any Unit or in which the use of the service lifts is allowed will be decided by the Appointed Persons from time to time and in the absence of any such decision shall be determined by the Manager.
Below the purchaser signs declaring they understand the rules and regulations set out above in schedule 2 (THE RULES OF USE OF THE OWNERS) and will abide by all the rules:
Purchaser Name
Date: {{ $model->booking_date ? $model->booking_date : '-' }}
Payment Terms:
AS PER ATTACHED PAYMENT SCHEDULE.
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