UAE Civil Transactions Law

Article 1333

Book Four: Real Securities · Section One: Mortgage · Chapter Two: Effects of the Mortgage · Part Two: Effects of a Mortgage with Respect to Third Parties · Third: Right of Tracing

If the auction of the mortgaged property is awarded to a person other than its possessor, the former shall acquire it by virtue of the judgment awarding auction and shall derive their right from the possessor.

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