Escrow Account in Dubai

Shuraa Business Setup02 May, 2024Business

Running high-value transactions in Dubai?s real estate sector smoothly and securely is a big question. The Escrow Account in Dubai plays a vital part in this. An escrow account is basically a legal arrangement where a neutral third party temporarily holds money or property until a specific condition is met. For example, completion of a purchase agreement. This ensures that the obligations of both parties, buyer and seller, are duly met in the transactions.