Escrow Bank Account in the UAE – Protect Your High-Value Transactions
When you’re dealing with real estate, mergers & acquisitions, or large trade deals in the UAE, an escrow bank account acts as your financial safety net.
This secure third-party account ensures funds are held until agreed terms are fulfilled—giving both parties transparency, trust, and protection.
What Is an Escrow Bank Account?
An escrow account is a secure holding account managed by a neutral financial institution (usually a licensed bank in the UAE).
Here’s how it works:
- Funds are deposited by the buyer into the account
- Funds are released only after specific contractual conditions are met
Used in high-stakes deals where trust and legal compliance are critical
Use Cases for Escrow in the UAE
Many new businesses face hurdles like:
Required Documents for Escrow Setup
Exact documentation varies by transaction type, but generally includes:
- Valid passport copies
- Signed escrow agreement
- Detailed contract/transaction terms
- Trade license or registration (for companies)
- Project registration proof (for real estate deals)
Benefits of Escrow Accounts
How OfinGlobal Helps
Setting up an escrow account in the UAE requires more than just paperwork. You need the right bank, the right structure, and alignment with regulatory requirements.
With OfinGlobal, you get:
- Assistance with account setup through licensed UAE banks
- Expert guidance on selecting the right escrow model
- Legal and documentation support
- Add-on services like corporate banking, real estate advisory, or deal structuring
Let’s Secure Your Transaction
Whether you’re investing in property or closing a complex business deal, OfinGlobal ensures your funds are secure—aligned with UAE law and best practices.
Let us help you choose the right bank, structure your escrow account, and keep your capital safe.
Frequently Asked Questions
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What is an escrow account in UAE real estate?
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Is an escrow account mandatory in Dubai?
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Can I open an escrow account for business transactions?
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How is an escrow account different from a trust account?
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How long does it take to open an escrow account in the UAE?
It’s a regulated bank account where funds from buyers are held and released to developers only after project milestones are achieved.
Yes, for off-plan property transactions, developers must have escrow accounts registered with the Dubai Land Department.
Yes. Escrow is commonly used in M&A, joint ventures, e-commerce, and cross-border trade to ensure payment protection.
While both are secure, escrow accounts involve a neutral third-party bank, whereas trust accounts often involve trustees with broader fiduciary responsibilities.
Typically 7–14 business days, depending on the bank, transaction type, and documentation.
