Every property developer needs to register the project in an escrow account and all payments made by the buyer should be to the escrow account only. Real Estate Regulatory Agency (RERA) has control of the escrow account and pays the contractor upon verification of completion of the scheduled tasks as per signed contracts

The escrow account law was introduced in Dubai in 2007. It was the much-awaited moment for the government to establish the emirate as a reliable real estate market. The escrow law is monitored by RERA, which is a governing body operating under the Dubai Land Development (DLD). The RERA and escrow laws work closely to make it conducive for people to trade property in Dubai.

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