UAE Civil Transactions Law

Article 1134

Book Three: Original Real Rights (in Rem) · Section One: Right of Ownership · Chapter Three: Modes of Acquiring Ownership · Part Two: Inheritance and Liquidation of the Estate · 2. Settlement of the Estate's Debts

1. The executor of the estate shall pay the estate's debts from the rights collected thereby on behalf of the estate, the cash it contains, and the price of the securities it has sold at market price, and from the price of the estate's movables. If this is not sufficient, then from the price of the estate's immovable properties. 2. The estate's movables and immovable properties shall be sold by public auction according to the procedures and at the times prescribed in the applicable legislation, unless all heirs agree that the sale be conducted in another way. If the estate is in debt, the consent of all creditors is required, and the heirs have, in all cases, the right to participate in the auction.

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