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Promissory Note — United Arab Emirates

Governing law referenceFederal Decree-Law No. 32 of 2021 (Commercial Companies Law); confidentiality enforced contractually
Local enforcement bodyMinistry of Economy / Dubai Courts
Average legal fee rangeAED 800–2,000/hrpending legal review
Compliance requirementShould specify whether the note is secured or unsecured and include clear default and acceleration terms.
Penalty for violationAn improperly drafted promissory note may be unenforceable as a negotiable instrument, limiting the holder's remedies.pending legal review
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