UAE Law: I Agreed to Pay Friend after Sale of Car but Now He’s Threatening to Sue!

I owe a friend of mine some money and I told him that I would pay him back after I sold my car. He requested I give him this in writing so I wrote a note saying I would pay him back after I sold my car and we both signed it. However, now my friend does not want to wait until I sell the car and he says he wants the money right away and is threatening to sue me. My problem is finding a right buyer for the car at the right price. I am afraid of legal action, but I wanted to know if he has the right to follow through with it?

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