MOU (Memorandum of Understanding)
In UAE real estate, an MOU is the sale agreement between a buyer and seller that sets out the price, terms, and obligations before the transfer completes.
A Memorandum of Understanding (MOU) is the agreement that records the terms of a property sale between a buyer and a seller. In the Dubai secondary market it is commonly the “Form F” contract, signed once both parties agree on price, payment terms, commission, and handover conditions.
The MOU typically captures the agreed price, deposit, payment schedule, agency commission, and the responsibilities of each party through to transfer at the Dubai Land Department. It is the point at which a verbal negotiation becomes a documented commitment.
For agencies, generating and tracking MOUs consistently matters — the document links the buyer, the unit, the commission, and the finance schedule that follows. IRM365 generates MOUs from customizable templates and manages their approval and activation inside sales agreements.