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A Dubai court has ordered an Arab man to pay $500,000 (AED 1.83 million) to a luxury goods company after he failed to settle the balance for a Patek Philippe and a Rolex purchased under formal sales agreements.
According to court filings, the defendant took delivery of the two high-end timepieces in July 2024 but failed to make the required payment within the one-month window stipulated by the contract.
The company had entered into two separate sales contracts with the defendant, setting the total purchase price at $500,000. While the watches were handed over immediately upon the signing of the agreement, the claimant informed the court that the buyer failed to pay despite multiple attempts to reach an amicable settlement.
While the claimant’s legal representative attended all hearings, the defendant failed to appear despite being duly notified. Consequently, the court proceeded in his absence in accordance with procedural law.
The court ruled that the signed acknowledgement of receipt and the sales contracts constituted valid legal proof, particularly as the defendant neither disputed their authenticity nor provided evidence of payment. The court ordered him to pay the full amount claimed, plus five per cent annual interest calculated from the date the lawsuit was filed until the final payment is made.
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