General
    beginner

    What defines an escrow agent in Dubai real estate?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    An Escrow Agent is a financial or banking institution that has been certified by the DLD specifically to manage project escrow accounts. They are recorded in a dedicated Escrow Agents Register and must demonstrate the competence required to handle these sensitive funds. Their primary duty is to ensure that purchaser payments are only used for the implementation of the project. They must provide periodic statements to the DLD regarding the account's revenues and expenditures.

    Related Topics:

    Escrow Agent Dubai
    Bank Obligations
    Project Security
    Was this helpful?

    Need More Clarity?

    Get personalized advice from Ali Faizan Syed, your trusted Dubai real estate consultant.

    WhatsApp ConsultationCall Now

    Related Questions

    Browse Categories

    LegalInvestmentFinancingMarketVisaTaxes