An escrow account is a legally required trust account into which all off-plan payments flow and which secures buyers' funds on a project-by-project basis.
Under Dubai law the developer may only access the funds once verified construction milestones are reached, checked by engineers of the DLD. If a project stalls, the instalments paid in are protected as a result.
The escrow system is one of the reasons off-plan in Dubai is regulated and more calculable for buyers than in many other markets.
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We verify that your project runs through a proper escrow account, and we explain what protection follows from it in concrete terms.
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