Shareholders’ Resolution Approving a Property Transaction (Purchase of Property)

Document Summary

This document records the decision of the shareholders of the concerned company to purchase property on behalf of the company. This resolution grants the shareholders the power to complete all necessary transactions at the relevant real estate departments to hold the title of the property.

Description

Every Emirate in the United Arab Emirates has its own property registration laws and regulations. Dubai Law No. 7 of 2006 is concerned with property registration in the Emirate of Dubai.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.