« Back to Glossary IndexEscrow
Escrow is a financial arrangement where a neutral third party holds funds or assets on behalf of transacting parties until certain conditions are met. In the UAE, escrow accounts are widely used in real estate transactions, particularly for off-plan property sales, as mandated by the Dubai Land Department (DLD) and other regulatory authorities. UAE banks and real estate escrow agents ensure compliance with RERA (Real Estate Regulatory Authority) regulations to protect buyers from fraud. Escrow services are also used in M&A deals, intellectual property transactions, and secured financing, ensuring that obligations are fulfilled before funds or assets are released.
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