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Sobha Realty Booking Form

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0% found this document useful (0 votes)
1K views6 pages

Sobha Realty Booking Form

Uploaded by

110015orama
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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B-24786

BOOKING FORM

Lead Id: 6763270 Booking Date: 15/05/2024

PART A – PARTICULARS

Details of Seller:
Name: SOBHA LLC

Address: P.O. Box 125250, Dubai, United Arab Emirates


Contact Details: Tel. No: +971 4 4238064 E-mail: [email protected]
Developer ID No: 966

Details of Purchaser:
Primary Applicant

Name: Ms. Aditi Narang Sanjay Seth


Passport/Registration Number: U5639676 Valid until: 06/06/2028 Nationality/Jurisdiction: Indian
Name of Authorized Signatory: Ms. Aditi Narang Sanjay Seth
Correspondence Address: Villa 83, Street 17d, Mirdif, Dubai
Permanent Address: Villa 83, Street 17d, Mirdif, Dubai
Contact Details: Landline: Mobile: +971561304689
Fax No: Email [email protected]

Property Details:
Project: Sobha Orbis (Freehold) Unit Number: SOR-B803 Building : Orbis Tower B Floor : 8

Allocated Parking: 1 Type: 1BR

Saleable Area: 537.55 in Sq. ft. Chargeable Area: NA in Sq.ft

Rate per Sq. ft.: AED 1,830.00 Permitted Use: Single family private residential purposes only

Purchase Price (Total) - AED: 983,716 Anticipated Completion Date 31 December, 2027

Booking Source Details:


Booking Source: Sobha Connect Booking Sub-Source:
Company: AAYUSH NARANG

1
Initials of the Seller:

Initials of the
Purchaser(s) :
SOBHA LLC
PO BOX: 125250, SOBHA SAPPHIRE, BUSINESS BAY, DUBAI, UNITED ARAB EMIRATES
TEL: +971 4 423 8064 FAX: +971 4 368 7852
www.sobharealty.com
B-24786

Payment Schedule:

Installments % of Purchase Price Amount (AED) Payment Dates Milestones

Booking Amount 20.00% 196,743.30 15/05/2024 On Booking date

First Installment 10.00% 98,371.65 - 6 Months from booking date

Second Installment 10.00% 98,371.65 - 12 Months from booking date

Third Installment 10.00% 98,371.65 - 18 Months from booking date

Fourth Installment 10.00% 98,371.65 - 24Months from booking date

Fifth Installment 40.00% 393,486.60 - On Completion

1 Any advance payment made towards the Property on or before the Booking Date shall be treated as part payment of the Booking Amount and this Booking
Form shall become effective only upon receipt of the Booking Amount in full by the Seller. The Booking Amount (including any advance payment) will be
deemed to be received only upon realization, irrespective of any delay on the part of the Seller in cashing or depositing any payments.
2 Post-dated cheques (in respect of all installments) to be issued and delivered by the Purchaser to the Seller on the Booking Date. In respect of a non-resident
Purchaser, such other form of payment as acceptable by the Seller, shall be provided by the Purchaser.
3 In the event that the construction milestone relating to any of the subsequent instalments is not achieved by the associated completion milestone Payment Date,
the Seller shall not encash the associated post-dated cheque until such time as the respective milestone is achieved.
4 Completion Date means the date upon which the Property is completed substantially in accordance with the Property plans as confirmed through certification
by the consultant of the Project to the Seller that the Property is completed.

PART B - PURCHASER UNDERTAKING

Pursuant to the Purchaser’s request to the Seller to reserve the above-mentioned Property knowingly that the Property and the Project is not registered and the
Seller has initiated steps to get the registration done during the course from the relevant authorities, and the Purchaser undertakes to adhere to the following
terms and conditions, which are to be read in conjunction with the Particulars contained in Part A of this Booking Form.

1. The first Purchaser and any additional Purchasers (if applicable) will hereinafter be referred to as the “Purchaser” collectively. Joint Purchasers will be
jointly and severally liable under the terms and conditions of this Booking Form. Where there is more than one Purchaser, any notice properly served on the
first Purchaser named in this Booking Form shall be deemed to have been properly served on all of the Purchasers.

2. The Purchaser acknowledges that he/she/it/they is/are aware that this is a new project which is in the process of being registered with the Dubai Land Department
("DLD”). This Booking Form including its terms and conditions is intended to serve as a confirmation of interest by the Purchaser to purchase the Property in
accordance with the terms and conditions contained in the SPA (as defined below).

3. The Purchaser undertakes to deliver to the Seller a current dated cheque or an electronic payment in the sum of the Booking Amount and post-dated cheques
towards the subsequent instalments indicated in the Payment Schedule above, issued by a UAE licensed bank (or issued by any other bank or financial institution
that may be agreed in advance with the Seller) in the name of the Seller on the Booking Date. For a non-resident Purchaser, the Purchaser may submit such other
form of payment that is acceptable to the Seller in lieu of current and post-dated cheques. The Purchaser undertakes to make all payments towards the Purchase
Price and any other amount payable pursuant to this Booking Form, to the Seller in AED (United Arab Emirates Dirhams), unless otherwise agreed by the Seller
in writing, free of any fees, costs, expenses, exchange rate differences, bank charges, credit card transaction charges, taxes (including value added tax) or levies
imposed by any authority from time to time and without any deduction or set-off, and in the manner provided for in the Payment Schedule so that cleared funds
are received by the Seller by the relevant Payment Date. If any cheque issued by the Purchaser is dishonored, the Purchaser undertakes to pay a fee of AED 1,000
(UAE Dirhams One Thousand) for each dishonored cheque (to cover administrative costs) in addition to the Delay Amount (as defined below).

4. In the event any sum due to the Seller in respect of any amount payable pursuant to this Booking Form is not paid on the specified due date, notwithstanding any

2
Initials of the Seller:

Initials of the
Purchaser(s) :
SOBHA LLC
PO BOX: 125250, SOBHA SAPPHIRE, BUSINESS BAY, DUBAI, UNITED ARAB EMIRATES
TEL: +971 4 423 8064 FAX: +971 4 368 7852
www.sobharealty.com
B-24786

other right of the Seller under this Booking Form, the Purchaser undertakes that the Seller shall have the right to claim compensation at the rate of two percent
(02%) per month on the amount due and outstanding (“Delay Amount”), both before and after any judgement, from the due date for payment to the date on which
payment is made, as pre-estimated liquidated damages, which the Purchaser expressly agrees 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. The Delay Amount shall accrue on a daily basis and shall be compounded on the last day of each
month.

5. The Purchaser undertakes to provide all the documents specified in this Booking Form, to the satisfaction of the Seller and/or DLD.

6. The Purchaser acknowledges that full terms and conditions relating to the sale and purchase of the Property shall be contained in a definitive sale and purchase
agreement to be issued by the Seller in its standard format (as may be amended from time to time), with related documents as may be required pursuant to the
Applicable Laws (collectively, the "SPA”).

7. The Seller shall provide the Purchaser with the SPA, after completing all formalities with the relevant authorities. The Purchaser undertakes to return the duly
executed SPA to the Seller within fourteen (14) days of delivery of the SPA to the Purchaser. Upon execution, the Purchaser acknowledges that the SPA shall
supersede this Booking Form and shall constitute the only contract between the parties in respect of the sale and purchase of the Property. Until such time as the
SPA is executed by the parties, this Booking Form shall constitute the binding agreement between the parties in respect of the sale and purchase of the Property,
and insofar as it is capable of being registered in the interim real estate register of the DLD (“Interim Register”), this Booking Form may be registered in the
Interim Register at the discretion of the Seller.

8. Until such time as the SPA has been duly executed by the parties, the Purchaser undertakes to make all payments required in accordance with this Booking Form.

9. The Purchaser undertakes to comply with any directions and shall execute any further documents and shall do all such other things as the Seller or any relevant
authorities including DLD, may reasonably require in order to effect the sale and purchase of the Property in accordance with the terms of this Booking Form
and/or the SPA.

10. In the event:

(i) the Purchaser does not wish to proceed with the purchase of the Property; or

(ii) the Purchaser does not pay the Booking Amount in full and/or fails to provide the complete documentation required pursuant to this Booking Form to the
satisfaction of the Seller and/or the DLD within fourteen (14) days from the Booking Date; or

(iii) the Purchaser does not deliver the executed SPA to the Seller within fourteen (14) days of the date of delivery of the SPA to the Purchaser; or

11. The Purchaser undertakes to pay, when requested by the Seller all costs, fees and charges including:

(i) an amount equal to 4% of the Purchase Price (the "Registration Fees") as may be amended from time to time pursuant to the Applicable Laws, when freehold
title to the Property is pre-registered in the Interim Register in the Purchaser’s name; and

(ii) the DLD transfer fee currently calculated at four percent (4%) of the resale price, as may be amended from time to time pursuant to the Applicable Laws, for
any subsequent sale of the Property by the Purchaser to a third party purchaser (unless agreed otherwise by the Purchaser with such third party purchaser) and
any other costs, fees, charges and (penalties, if any, due to the Purchaser’s default) that may be levied by the DLD, the Dubai Real Estate Regulatory Agency and
any other authorities in Dubai in respect of or incidental to the pre-registration, registration, transfer or other dealings with regards to the Property.

Notwithstanding any Applicable Laws, the Purchaser undertakes to be solely/jointly and severally (as the case may be) liable for and pay the full Registration
Fees, which may be varied from time to time.

The Purchaser hereby acknowledges that the DLD may impose a penalty (currently set at four percent (4%) of the Purchase Price) (with the effect of doubling
the Registration Fees) in case of the Purchaser’s failure to pay the applicable Registration Fees and provide all his/its documents required to be filed with the
DLD (including but not limited to identification documents of the Purchaser) within sixty (60) days from the date of the Seller’s request. In order to ensure such
penalties are not imposed, the Purchaser undertakes to provide to the Seller all applicable Registration Fees and required documents within the time limit
stipulated in this Booking Form. If the Seller does not receive all such Registration Fees in full and all such documents in form and substance satisfactory to the
DLD within the said time limit from the Purchaser, then the Purchaser agrees that he/it/they is/are liable to pay upon demand any such penalty as may be
imposed by the DLD. Further, the Seller reserves the right to set off any sum towards such Registration Fees (including the penalty, if any) and all other ancillary
and incidental expenses, for registration of the Property in the name of the Purchaser in the Interim Register, from the amounts paid by the Purchaser and lying in
the account provided by the Seller and the Purchaser shall not make any claim whatsoever against the Seller in this regard. The Purchaser also undertakes to
provide to the Seller on demand any information or documents in form and substance satisfactory to the DLD to effect any registration/cancellation. The
Purchaser hereby agrees to indemnify and hold harmless the Seller against all costs, expenses, losses and other liabilities of any description, including without
limitation any actions taken by any authorities, that may be suffered or incurred by the Seller as a result of the Purchaser’s default in this Clause 11, without any
limitation in time.

3
Initials of the Seller:

Initials of the
Purchaser(s) :
SOBHA LLC
PO BOX: 125250, SOBHA SAPPHIRE, BUSINESS BAY, DUBAI, UNITED ARAB EMIRATES
TEL: +971 4 423 8064 FAX: +971 4 368 7852
www.sobharealty.com
B-24786

12. The Purchaser acknowledges that this Booking Form is personal to the Purchaser and the Purchaser may not at any time assign or transfer this Booking Form or
any of his/its rights and obligations under this Booking Form to any third party without obtaining prior written consent of the Seller (which consent shall not be
unreasonably withheld) provided the Purchaser at the time of requesting such consent, has executed the SPA, settled forty percent (40%) of the Purchase Price
and settled the next instalment payment due pursuant to the Payment Schedule. The Purchaser will also be required to pay an administrative fee of AED 5,000
(UAE Dirhams Five Thousand) to the Seller. If granted, the Seller’s consent shall be given pursuant to a written assignment of the SPA in a form acceptable to
the Seller (in its sole discretion), executed by the parties and such third party.

13. The Purchaser acknowledges that the Seller may assign this Booking Form in favour of any affiliate or group company by serving written notice of assignment to
the Purchaser. The Purchaser hereby consents to any such assignment and/or any change of shareholding in the Seller and/or its parent company in accordance
with Applicable Law, and no further consent from the Purchaser shall be required, except to the extent required by the Applicable Laws.

14. The Purchaser acknowledges that the Seller may, in its sole and absolute discretion, change the account for holding of the Booking Amount and any other
payment and transfer the funds contained therein to another bank or financial institution duly licensed in the UAE pursuant to the Applicable Laws, and the
Purchaser hereby unconditionally consents to any such transfer and no further consent from the Purchaser shall be required.

15. The Purchaser confirms and undertakes that the Purchase Price and all other amounts payable pursuant to this Booking Form, are derived from legitimate sources
and are not related to proceeds of crime or money laundering either directly or indirectly or through illegal means of any nature. The Purchaser further undertakes
that he/it/they shall strictly comply with the requirements of the Foreign Account Tax Compliance Act (if applicable) in respect of payment of the Purchase Price
and all other amounts payable pursuant to this Booking Form. The Purchaser hereby agrees to indemnify and hold harmless the Seller against all costs, expenses,
losses and other liabilities, including without limitation any actions taken by any authorities, that may be suffered or incurred by the Seller as a result of the
Purchaser’s undertaking set out in this Clause 15 being untrue, without any limitation in time.

16. The Purchaser acknowledges that the Master Community in which the Property is located is under development. The development of the Master Community
shall be governed by and subject to a master plan as amended from time to time (“Master Plan”) and the Purchaser acknowledges that the Master Plan is subject
to change.

17. The Purchaser acknowledges that the saleable area of the Property as stated in the Particulars, being sold and registered at the DLD shall be the net area of the
Property, as confirmed by DLD, in accordance with Applicable Laws.

18. The Purchaser acknowledges that the Property Details (as set out in the Particulars) as well as the designs, drawings, plans and layout of the Property are subject
to change by the Seller at any time prior to the Purchaser delivering the executed SPA to the Seller. Should there be a variation in the saleable area of the
Property from the saleable area stated in this Booking Form, the Purchase Price shall be recalculated in accordance with the Applicable Laws and/or the approval
of the relevant authorities.

19. For non-residential property, the Purchaser is aware that the Property shall be delivered on a “Shell and Core” basis only and that the Purchaser or his/its tenants,
authorized users shall obtain all required approvals and licenses from the relevant authorities as applicable to the Permitted Use and shall bear all costs and
expenses as may be required in order to prepare and use the Property for the Permitted Use. The Purchaser undertakes to bear all costs, expenses, levies, taxes
including value added tax on the Purchase Price and any other amount payable pursuant to this Booking Form in accordance with the Applicable Laws.

20. The Purchaser undertakes that this Booking Form is legally binding on the Purchaser and is in no way subject to or dependent upon the Purchaser’s ability to
secure a mortgage loan or finance from a bank or any third party.

21. Any change, addition, deletion of a joint purchaser, within the immediate family members of the Purchaser shall be subject to prior written approval of the Seller
and will be subject to the payment of the prevailing administrative fees and signing of any such documents as may be required by the Seller and/or the DLD.

22. Any notice or demand of any nature which either party to this Booking Form may serve upon the other party, shall be in writing addressed to the other party and
if sent by the Seller addressed to the first Purchaser only and shall be served by delivering it to the address, email address or fax number as set out on in Part A -
Particulars of this Booking Form or to such other address, email address or fax number as may be notified in writing by either party.

23. The Purchaser acknowledges that execution of the Booking Form does not grant the Purchaser any priority interest or other rights in the Property and this
Booking Form may be cancelled by the Seller at any time prior to the signing of the SPA by the Seller, provided that any amounts paid by the Purchaser, towards
the Purchase Price, prior to the date of such cancellation shall be refunded to the Purchaser without interest. The Purchaser undertakes that he/it/they have no
claim or action against the Seller for compensation in relation to any such cancellation of the Booking Form.

24. This Booking Form shall supersede all previous verbal or written negotiations, agreements and documents (including any Expression of Interest) entered into
between the parties, until execution of the SPA.

4
Initials of the Seller:

Initials of the
Purchaser(s) :
SOBHA LLC
PO BOX: 125250, SOBHA SAPPHIRE, BUSINESS BAY, DUBAI, UNITED ARAB EMIRATES
TEL: +971 4 423 8064 FAX: +971 4 368 7852
www.sobharealty.com
B-24786

25. This Booking Form shall be governed by and construed in accordance with the laws of the Emirate of Dubai and the Applicable Laws, and the parties agree that
any dispute arising out of or in connection with this Booking Form, including any question regarding its existence, validity or termination, shall be subject to the
exclusive jurisdiction of the Dubai Courts, if the parties amicably fail to settle any such dispute. For the avoidance of doubt the Dubai International Financial
Centre (“DIFC”) laws are excluded and the DIFC courts shall have no jurisdiction in respect of this Booking Form.

26. “Applicable Laws” means the laws, by-laws and implementing regulations applicable in the Emirate of Dubai including, but not limited to, laws concerning the
registration and ownership of freehold and jointly owned property or any other real property rights and legal interests in the property, including but not limited to
the laws, as may be amended from time to time, concerning: Regulating the Interim Property Register in the Emirate of Dubai (Law No 13 of 2008), Ownership
of Jointly Owned Real Property in the Emirate of Dubai (Law No 6 of 2019), Real Property Registration in the Emirate of Dubai (Law No 7 of 2006), Federal
Decree Law No. 8 of 2017 on Value Added Tax and matters concerning the management, control, administration, maintenance, operation and repair of common
property and common facilities in master communities and/or in connection with the Property and/or this Booking Form, and shall include any relevant laws,
decrees, regulations and/or directions from any concerned authority that are enacted before or after the date of this Booking Form which supplement, replace or
vary such laws, decrees, regulations and/or directions.

I/We, the above-named person(s), hereby agree to be bound by the terms and conditions contained in this Booking Form and apply to reserve the Property. I/We
hereby confirm that the details provided by me/us in this Booking Form are true and accurate in all respects.

Signature of Primary Applicant/Authorized Signatory


(Elena Baumler Pastuhova)
Stamp (In case of Corporate Purchaser):

Accepted by Seller:

Signature of Seller's Sales Manager Signature of Seller's Sales Head


(Ashish Banerjee) (Insha Shafi)

5
Initials of the Seller:

Initials of the
Purchaser(s) :
SOBHA LLC
PO BOX: 125250, SOBHA SAPPHIRE, BUSINESS BAY, DUBAI, UNITED ARAB EMIRATES
TEL: +971 4 423 8064 FAX: +971 4 368 7852
www.sobharealty.com
B-24786

Signature of Seller's Representative

Stamp:

PURCHASER SUPPORTING DOCUMENTS

Individual Purchaser Passport Copy, Visa Copy in case of UAE Resident,


Power of Attorney (if any), Non-residency letter (if applicable)
Such other documentation as the Seller and/or the DLD may reasonably request

Corporate Purchaser
For companies incorporated Registration License
in the UAE Passport Copy of Authorized Signatory with relevant authorization to sign on behalf of the company
Such other documentation as the Seller and/or the DLD may reasonably request

For companies incorporated Certificate of Incorporation


in permitted jurisdictions Memorandum & Articles of Association
Certificate of Good Standing and Certificate of Incumbency (not older than five (5) days)
Passport Copy of Authorized Signatory with relevant authorization to sign on behalf of the company
Such other documentation as the Seller and/or the DLD may reasonably request.

Sales Manager: Ashish Banerjee


Sales Head: Insha Shafi

6
Initials of the Seller:

Initials of the
Purchaser(s) :
SOBHA LLC
PO BOX: 125250, SOBHA SAPPHIRE, BUSINESS BAY, DUBAI, UNITED ARAB EMIRATES
TEL: +971 4 423 8064 FAX: +971 4 368 7852
www.sobharealty.com

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