1. Without prejudice to the provisions of the Civil Procedures Law and the laws regulating certain kinds of sales, the movables referred to in Article (119) above may be sold by auction only through an appraisal expert at an auction room or an electronic platform or in any or via modern means of technology designated for such purpose, or at the place where the movables are originally located, or at any other place where a license therefor may be issued by the competent authorities in the relevant Emirate, pursuant to the statutes in force in the State. 2. A bona fide buyer may request nullification of the sale effected contrary to the provisions of Clause (1) above, and the nullification action shall be barred in case of denial and lack of lawful excuse after the lapse of (30) thirty days of the date of sale. 3. The provisions of Clauses (1) and (2) above shall not apply to movables when the value of the part thereof offered for sale by public auction does not exceed (AED 200,000) two hundred thousand dirhams.
Interpretation and application must be checked against the official text and current version.