Escrow Bank Account Solutions for Developers
Upholding transparency and buyer trust through RERA-compliant escrow.
In the UAE real estate sector, Escrow accounts are the legal standard for protecting investor funds. Evoriz helps developers navigate the mandatory DLD (Dubai Land Department) and RERA (Real Estate Regulatory Authority) regulations, enabling secure fund management and milestone-based disbursements for off-plan projects.
DLD & RERA Policy Enforcement
Recent 2024/2025 updates strictly mandate that all off-plan payments must flow through a project-specific Escrow account. Funds can only be released for construction, marketing, or management after independent audit verification of project completion milestones.
Key Advantages
Investor Security
Funds are legally ring-fenced and protected from developers' general liabilities.
Trustee Management
Account managed by DLD-approved 'Escrow Trustee' banks only.
Milestone Disbursement
Automated releases based on verified 3rd-party engineering audits.
Regulatory Compliance
Full adherence to Law No. (8) of 2007 and latest circulars.
Operational Transparency
Independent auditing of project progress and fund utilization.
Market Credibility
An active escrow account is a primary 'trust mark' for property buyers.
How It Works
Project Registration
Filing details with the Dubai Land Department (5-10 days).
Trustee Appointment
Selecting an approved UAE bank as the Escrow Trustee.
Agreement Signing
Executing the Tri-partite agreement (Developer, Bank, DLD).
Account Activation
Generating project-specific IBAN and portal access (10-20 days).
Audit Setup
Appointing engineers for milestone-based verification.
Required Documents
- Trade License & RERA Certificate
- Detailed Project Master Plan
- Sales & Purchase Agreement (SPA) Templates
- Tri-partite Escrow Agreement
- Signatory Passport & Residency Documents
- DLD Project Registration ID
Ready to Get Started?
Let Evoriz handle the details — reach out for a free consultation today.