UAE Commercial Transactions Law

Article 499 — Article (499)

Book Three: Banking Transactions · Part Seven: Rental of Safe Deposit Boxes

1. Rented safe deposit boxes shall be openable by two keys, one of which shall be handed by the bank to the renter customer and the other one shall be kept by the bank. The bank may neither give a copy of the key to any other person, and shall only allow its customer or authorized agent to have access to, and to use, the safe deposit box. 2. The key handed to the renter shall remain the property of the bank and shall be returned to it upon the expiry of the rental term. 3. The bank may use other means of access, such as the automated control system or plastic cards.

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