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.

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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

Required by most major banks (Emirates NBD, FAB, ADIB, Mashreq, etc.):

Real Estate Transactions

UAE law mandates escrow accounts for off-plan property deals. Payments are only released to developers upon project completion milestones—ensuring your investment is protected.

Mergers & Acquisitions

Secure funds during due diligence and contract finalization. Escrow minimizes risks of non-performance and ensures fair exit terms.

Cross-Border Trade & E-Commerce

Facilitate international trade and large supply contracts with trusted payment mechanisms that benefit both buyers and sellers.

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

FAQs – Escrow Bank Accounts in the UAE

What is an escrow account in UAE real estate?

It’s a regulated bank account where funds from buyers are held and released to developers only after project milestones are achieved.

Is an escrow account mandatory in Dubai?

Yes, for off-plan property transactions, developers must have escrow accounts registered with the Dubai Land Department.

Can I open an escrow account for business transactions?

Yes. Escrow is commonly used in M&A, joint ventures, e-commerce, and cross-border trade to ensure payment protection.

How is an escrow account different from a trust account?

While both are secure, escrow accounts involve a neutral third-party bank, whereas trust accounts often involve trustees with broader fiduciary responsibilities.

How long does it take to open an escrow account in the UAE?

Typically 7–14 business days, depending on the bank, transaction type, and documentation.

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.