Contract crash course: types of agreements for Dubai property buyers and sellers

Learn about the different contracts involved in buying and selling a property in Dubai. Class is in session...

Let's talk contracts

The Dubai real estate market is soaring with opportunities and people all over the globe are looking to get a piece of the action.

You might have heard that it's a great time to sell your property, or perhaps you're considering investing in a lucrative area this year.

As a first time buyer or seller, it's important to understand the different types of contracts involved in the process. Even if this isn't your first rodeo, you may want to refresh your knowledge of the agreements before making your next move in the market.

Here's a quick overview.

Contract A

Purpose: to establish an agreement between the seller and an agent or agency

Required for: sellers

This document outlines the specific property details, marketing sales price, commission, service charges, etc. As a seller, you can have a maximum of three registered Contract A's.

The contract will be generated by your agent and sent to you for approval. After you agree, the agency can start marketing your property.

Contract B

Purpose: to outline the buyer’s basic personal information and search details

Required for: buyers

A Contract B is a standard agreement summarising the basics of your search criteria and some personal information – this is an essential first step to the purchase process. By signing this contract, you are not committing to buy a property from a specific agent or agency.

Your agent will create the document and you will receive an SMS or email to review the info.

Unified Contract F

Purpose: to legally bind both parties in the sale or purchase

Required for: buyers and sellers

The seller's agent will use the registered Contract A and B reference numbers to create this contract. The document will include the agreed sales price, seller's and buyer's information, fees to pay, security deposit details, specific property details, etc.

Both the buyer and seller will review the agreement and its terms before moving on to the next steps.

What's next?

Now that you have an idea about the agreements you will be signing, we would be happy to help you plan your next steps in the market. Whether you're looking to buy a new home, sell your property, or start investing in real estate, the haus & haus property experts are here to support you in your journey.

If you want to know more about the process of buying or selling a property in Dubai, check out our Buyers Guide and Sellers Guide.

Ready to get started? Get in touch with us for a free consultation.