Enhancing real estate governance in Abu Dhabi
According to the DMT, the Unified Contract Template incorporates general provisions that strike a balance between the rights and obligations of developers and investors.
It also allows for the inclusion of specific terms and conditions agreed upon by both parties, as long as they align with the general terms and prevailing legislation in Abu Dhabi.
Dr. Adeeb Al-Afifi, the Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, highlighted the benefits of the new contract.
He said: “The introduction of the Unified Sales Contract aims to enhance the governance of the real estate market, provide a seamless and efficient government service experience, and accelerate digital transformation in Abu Dhabi.”