Compliance & Governance
Real estate firms in the UAE are designated non-financial businesses and professions (DNFBPs) under the national anti-money-laundering framework. Glen Rose accepts the obligations that follow — and treats them as part of service quality, not overhead.
Our obligations and how we meet them
- Client due diligence
- Identity verification, beneficial-ownership checks and an understanding of the source of funds, proportionate to the transaction; enhanced due diligence where risk indicators require it.
- Screening
- Clients and counterparties are screened against applicable sanctions lists and politically-exposed-person databases.
- Record-keeping
- Client and transaction records are retained for no less than five years.
What clients should expect
Before a transaction, we will ask for identification documents and, for purchases, information about the source of funds. We ask because the law requires it — and because a clean, documented transaction protects the future marketability of your asset.
Client funds
Glen Rose does not hold, receive or transmit client purchase funds. Settlements are executed directly between the parties through DLD-approved registration trustees or, for off-plan purchases, through developers’ escrow accounts regulated by RERA. Rental income under management mandates is a separate, documented flow: collected into designated accounts and remitted under the terms of the management agreement, with complete monthly statements.
Verify us
Our licence and registrations can be independently checked through the Dubai Land Department’s public services, including the Dubai REST application and the register of licensed brokers. We encourage counterparties to verify before engaging — with us or with anyone. Corporate documents and licence information are available to banks, regulators and counterparties upon request.
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