When you buy off-plan in Dubai, you pay for a home that is not built yet. To protect buyers, Dubai law requires developers of registered off-plan projects to use a project escrow account. Knowing how it works helps you buy more safely.
What is an escrow account?
It is a special bank account, opened for one project at an approved bank, under the supervision of the Dubai Land Department (DLD) and its real estate regulator (RERA). Buyers' payments for that project go into this account. The developer can draw money out for that project's construction, generally in line with progress, under the rules set by the regulator.
This means your money is meant to build your project — not another one.
Pay the escrow account only
A licensed broker should never ask you to pay the property price into the broker's own account.
Check the project before you pay
Warning signs
Escrow does not mean no risk
Escrow protects how your money is used, but projects can still be delayed, and prices can go up or down. Read the SPA carefully — especially the completion date, what happens if it is late, and the payment schedule. See our guide to buying off-plan in Dubai.
We only advertise off-plan units with a valid DLD permit, shown on every listing. Browse off-plan projects or call +971 4 835 8084.
*General information only — not legal or financial advice.*