How do I open an escrow account in Dubai and what documents are required?

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