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    What is the role of an escrow account in off plan projects

    Ali Faizan Syed1 min read2 viewsUpdated 12/28/2025
    An escrow account is a crucial safety mechanism for off plan buyers in Dubai. The real estate laws mandate that developers must deposit investors money into a regulated third party escrow account rather than their own company accounts. These funds can only be accessed for construction purposes of that specific project as verified by the project consultant. This protects the buyer's capital and ensures that the money is strictly used to build the development.

    Related Topics:

    escrow account investor protection construction funds regulated account buyer safety
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