UAE Civil Transactions Law

Article 303

Book One: Obligations · Section Two: Effects of the Obligation · Chapter Two: Means of Performance · Part One: Voluntary Performance · Second: Refusal of Performance

If the subject matter of the performance is a perishable thing, or risks losing its value, or entails excessive expenses for its deposit or custody, the debtor may, after obtaining the court's permission, or if it is not possible to obtain such permission in due time, sell it at the prevailing price of the like. If this is not possible, it may be sold by public auction. The creditor's right shall transfer from the thing to its price, and the deposit of the price shall substitute the deposit of the thing itself.

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