Escrow Account Opening for Real Estate Developers
The trust (escrow) account is the financial backbone of every off-plan project. We set it up correctly and keep it compliant.
An escrow account, operated through the Trust Account System (TAS) and a RERA-approved trustee bank, is mandatory for every off-plan project in Dubai. All buyer payments flow into it and are released against verified construction progress, protecting both investors and developers.
GRPFZ provides professional escrow management: we open and structure the account, ensure compliance with DLD and RERA rules, and monitor fund flow throughout the project.
Our escrow services
- Setting up and managing escrow accounts: secure fund allocation and disbursement
- Regulatory compliance: aligning transactions with DLD and RERA guidelines
- Fund monitoring and reporting: tracking transactions to prevent fraud or misuse
- Investor protection: transparency and security for all stakeholders
Getting the structure right
The escrow structure must match the project's payment plan and construction milestones. A mismatch here causes drawdown problems later and can stall the project's cash flow.
We coordinate directly with approved trustee banks to structure the account correctly from the outset and align it with your RERA-approved payment plan.
Our process
- 1
Bank selection & structuring
We help you select an approved trustee bank and structure the account to your payment plan.
- 2
Account opening
We prepare documentation and coordinate onboarding with the trustee bank.
- 3
Linking to TAS & project
We link the account to the Trust Account System and your registered project.
- 4
Monitoring & reporting
We support ongoing fund monitoring, drawdown requests and compliance reporting.
What you'll need
- Registered developer entity and trade licence
- Project registration / DLD documentation
- RERA-approved payment plan
- Project cost report and construction timeline
Typical timeline
Account opening depends on the trustee bank's onboarding process; with a complete document set we move quickly to keep your registration timeline on track.
Cost considerations
Trustee banks charge account opening and management fees; our advisory fee covers structuring, coordination and ongoing support.
Common mistakes to avoid
- Escrow terms that do not match the RERA-approved payment plan
- Delaying bank onboarding until late in the registration process
- Treating escrow as a one-time setup rather than an ongoing compliance obligation
How GRPFZ helps
- Direct relationships with approved trustee banks
- Account structured to your payment plan and milestones
- Ongoing drawdown and reporting support
Frequently asked questions
TAS is the system through which off-plan project escrow accounts are managed in Dubai. Buyer funds are held in trust and released to the developer against verified construction progress, protecting investors.
Only RERA-approved trustee banks may operate project escrow accounts. We help you select the right one and manage the onboarding process.
Ready to register your project the right way?
Talk to GRPFZ about your development. We'll map the regulatory pathway and give you a clear, fixed timeline to launch.