Escrow Services
The Dubai Land Department mandates settlement of the property purchase price be made by means of manager`s cheque issued by a UAE bank. If you wish to purchase your Dubai property before establishing a UAE residency and bank account our escrow service is therefore essential to get your property registered in your name.
Our escrow partner operates a segregated account to disburse your funds as per your instruction and in your name, observing all local and international anti money laundering measures. Of course, the escrow activity is fully licensed and regulated by the UAE Central Bank and other relevant authorities.
The service in brief:
- Receipt of funds in local escrow (segregated) account
- Issuance of manager`s cheque in favour of the seller and disbursement of fees to other transaction-related parties (Dubai Land Department, Registration Trustee etc.) as per client`s instruction
- Documentation fully compliant with local and international anti money-laundering regulations