UAE Civil Transactions Law

Article 1062

Book Three: Original Real Rights (in Rem) · Section One: Right of Ownership · Chapter Two: Co-Ownership in Common · Part Two: Termination of Co-ownership

1. A co-owner in a movable or a collection of property held in common may, before the partition, redeem the common share sold by another co-owner to a third party, otherwise than by public auction conducted in accordance with procedures prescribed by law, within thirty (30) days from the date of their knowledge of the sale or the date of being notified thereof. The redemption shall be effected by a notice served upon both the seller and the purchaser. The redeemer shall substitute the purchaser in all their rights and obligations, provided that they reimburse them for all that they have spent. 2. If there are multiple redeemers, each may redeem in proportion to their share.

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