Escrow
Streamline Your Real Estate Closing Process with Escrow Services
Simplify the complexities of real estate closings by leveraging our efficient escrow services. We handle all the necessary paperwork, coordinate with relevant parties, and ensure the secure transfer of funds, making your closing process faster and more streamlined.
Regulatory Requirement
In the UAE, the use of cheques in real estate transactions is a common practice, and it aligns with local regulations and customs. Real estate developers, brokers, and authorities often require cheques as a standard procedure to ensure transparency and compliance
A manager's cheque
A manager's cheque is a type of cheque issued by a bank on behalf of its customer. It is required in UAE for to register a title deed upon closing a real estate deal. To obtain a manager's cheque, the customer needs to visit their bank branch in UAE and provide the necessary details, such as the recipient's name, amount, and purpose of the payment. The customer must have sufficient funds in their account to cover the cheque amount.
If you do not have a bank account in UAE
As a licensed real estate broker, we provide our customers with a seamless escrow service. When purchasing property, we safeguard your investment with our reliable real estate escrow services. We obtain a managers’ check against funds transferred by the client for the real estate and hold it until all contractual obligations are met, providing confidence and protection throughout the transaction. When selling a property, we deposit manger’s cheque received from the buyer and transfer funds to the client’s bank account outside of UAE.
