UAE Commercial Transactions Law

Article 129 — Article (129)

Book Two: Commercial Obligations and Contracts · Part Two: Commercial Sale · Chapter two: Certain types of Commercial Sales: Section one: Sale by Installment: Article (111) · Section Three: Auction Sale at Reduced Prices at Commercial Stories: Article (126)

Any person violating the provisions of Articles (126), (127) and (128) above shall be penalized by a fine not exceeding (AED 40,000) forty thousand dirhams. In case of recidivism, a fine not exceeding (AED 60,000) sixty thousand dirhams shall be levied, and the violator may be prohibited from obtaining permits for sales for a period of (3) three years from the date on which he committed the violation.

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