What is an escrow account and how does it protect off-plan buyers in Dubai?
Under Dubai Law No. 8 of 2007, every off-plan developer must deposit buyer payments into a project-specific escrow account held by a DLD-approved trustee. Funds are released only against verified construction milestones, and 5% is retained for one year after completion to cover defects. If the project is cancelled, buyers are refunded from escrow ahead of the developer's other creditors.
Figures here are indicative as of July 2026 and set by third parties (government, banks, developers) — confirm the current amount before relying on it.
