Expert Escrow Management at your service
In the world of business, escrow stands as a vital tool for fostering trust and security in transactions. When parties agree on a deal, funds are deposited into an escrow account managed by a neutral third party to demonstrate commitment and safeguard the interests of all those involved.
We provide escrow services that are secure, robust, and transparent within a regulated framework. Whether it’s for Real Estate or Commercial escrow services, consider us your reliable and expert partner for your escrow management needs.
Real Estate
Real Estate
Real Estate Escrow Account- Your RAKBANK Advantage
An escrow account in the UAE is responsible for overseeing and managing off-plan property development under strictly regulated legislations. This makes the UAE a highly sought-after property investment attraction for global investors.
RAKBANK, a registered trustee bank with DLD-RERA, empowers developers to thrive in Dubai’s dynamic property market by offering specialized real estate services and comprehensive financial solutions.
At RAKBANK, we specialise in streamlining escrow processes, providing a distinct advantage supported by our team's expertise and extensive experience. With our deep-rooted presence in Ras Al Khaimah, our home emirate, we possess a unique advantage in navigating local regulations and working closely with regulators. This enables us to offer tailored solutions and ensure the efficiency and security of your real estate transactions.
Real Estate Escrow Account Requirements
To open a RAKBANK Escrow Account, all you’ll need are the following required documents as well as those requested by the regulator /account trustee:
- Title deed
- Trade license
- Project registration certificate
- Developer registration certificate
- Escrow agreement signed by developer
- Signed account opening form /letter
- Passport copies of authorised signatories
- Developer’s AML/CFT controls like other DNFBPs
- Project performance guarantee (if applicable)
- RERA approval for opening an account with RAKBANK (RAK-RERA-Letter/DLD-RERA TAS reference number).
Commercial
Commercial
What is Commercial Escrow?
Commercial escrow simplifies high stake deals by acting as a neutral third partner that holds and disburses funds only when all agreement terms are met.
Our Commercial Escrow Account, is a new addition to our Transaction Banking Cash Management suite, highlights our commitment to providing innovative, customer-focused solutions. This secure holding account ensures efficiency, financial security, and peace of mind for your important transactions.
When you need a trusted gatekeeper for transactions between unfamiliar parties, our escrow service will securely hold funds until all conditions in your commercial escrow agreement are satisfied.
Complete escrow solutions for complex transactions
As Account Trustee, we provide escrow services with full transparency. Our team of experts understand the intricacies of UAE commercial and regulatory requirements, ensuring every agreement is properly structured and implemented.
We offer end-to-end Commercial Escrow solutions for a wide range of business needs. Our strength lies not just in holding funds but in actively facilitating secure, seamless, and structured financial execution.
Key features:
- Support multi-party agreements with milestone-based disbursements
- Risk mitigation to reduce financial exposure in high stake agreements like mergers and acquisitions, share transfers, cross-border deals, and multi-phase transactions
- Advisory service to assist with the escrow agreement and transaction strategy
- Transparent and cost effective fee structure
- Simplified account opening and support through the agreement through our dedicated Relationship Managers
Contact us
If you're interested in our Escrow Services, don't hesitate to get in touch with us.
Our team will be more than happy to help you find the best solution for your business needs.
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