OFF-PLAN
Escrow account
Also searched as: escrow
The RERA-supervised bank account every registered Dubai off-plan project must use. Buyer instalments are paid into escrow, not to the developer, and the bank releases funds only against certified construction progress. It is the core protection that separates regulated off-plan from handing a builder your money.
Before booking, ask for the project’s escrow account number and check the project is registered with RERA; both are public. Pay instalments only into the named escrow account, never to a sales office account, and keep the receipts.
More from off-plan
This explains the general case. If Escrow account has come up in a live deal of yours, talk to the team: specific answers, registered numbers, no obligation.