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Home/ Rates Fees & Charges/ Escrow Services
Escrow Services

Published July 2018

Service / Product

Balance / Rate / Fee

ESCROW ACCOUNTS FOR REAL ESTATE DEVELOPERS APPROVED BY THE DUBAI LAND DEPARTMENT

Account opening/closing fee

AED 5,000

Escrow administration fee

0.025% for each unit sold

Unit registration fee

AED 500

Unit transfer/amendment fee

AED 500

Progress payment certificate verification

AED 1,000

Escrow interest rate remuneration

As per agreement

Maintenance fee - monthly (per unit)

AED 50

Terms & Conditions Apply

The Bank may debit the Account and the Customer will on demand pay the Bank’s charges and fees for the operation of the Account and other facilities and services provided to the Customer by the Bank.
The Bank may amend, at any time without prior notice, its charges, commissions or fees. Based on risk, terms may vary from the standard applicable rates. All charges, commissions and fees are exclusive of Value Added Tax (VAT). If VAT is applicable, it will be chargeable and payable in addition to, and at the same time as, the above mentioned charges.

 


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