How do I open an escrow account in Dubai and what documents are required?
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Contact a RERA-approved financial institution: We can provide recommendations or you can research them online.
Discuss project details: Inform the institution about the specific real estate project and the developer involved.
Account setup: The financial institution will initiate the account opening process with the developer.
Review and sign agreements: Carefully review all documents related to the escrow account before signing.
Documents required:
- Your passport or Emirates ID
- Sale purchase agreement
- Project details and completion milestones
Still not sure how it applies to you?
Every deal has a detail the general answer does not cover. Put yours to a broker who closes them weekly.