حساب الضمان

التعريف

A regulated trust account where funds from off-plan property buyers are held by an independent escrow agent and released to the developer only upon achieving specified construction milestones. In Dubai, the escrow regime is governed by Law No. 8 of 2007 (the Escrow Law) and administered by the Real Estate Regulatory Agency (RERA). All developers selling off-plan property must open an escrow account at a RERA-approved bank, and buyer payments must be deposited into the escrow account — not the developer's general account. Funds are released to the developer according to a percentage-of-completion schedule certified by a RERA-approved engineer. This regime was introduced to protect buyers following developer defaults during the 2008-2009 financial crisis.