When applying to open an Escrow Account, a developer must submit several critical documents to the DLD. These include the commercial licence, a membership certificate from the Dubai Chamber of Commerce, and the title deed of the land. They must also…
When applying to open an Escrow Account, a developer must submit several critical documents to the DLD. These include the commercial licence, a membership certificate from the Dubai Chamber of Commerce, and the title deed of the land. They must also provide approved architectural and engineering plans and a financial statement of estimated costs verified by a certified auditor. Finally, a template of the sale contract between the developer and the purchaser must be included for review.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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