Getafe president Angel Torres denies the club has been sold.
Royal Emirates Group, which is chaired by a member of Dubai's ruling Al-Maktoum family, said on Thursday they had signed a deal to buy the club for between 70 and 90million.
"I was in Dubai looking for sponsors. We signed a series of agreements and protocols," he told reporters.
"No one should doubt Angel Torres. Getafe has not yet been sold.
"First I have to inform the board of all the things that were done, then I will give a news conference."