Escrow Account (DLD-Mandated)

Dedicated bank account required for all off-plan projects. Developer cannot access funds until construction milestones verified by independent engineer. Protects buyer funds in case of developer default. Account details must appear on Oqood certificate.

Release Schedule

MilestoneFund Release
Foundation complete20% of collected funds
Structural completion40% of collected funds
Final completionRemaining balance

Related Terms

Off-Plan PropertyAssignment of Contract (Off-Plan Resale)Oqood (Off-Plan Contract Registration)Interim Registration (Oqood vs. Title Deed)Trust Account (Escrow for Off-Plan)Developer Financing

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