Bank of Sharjah is certified as an Account Trustee for approved property developers pursuant to the escrow account law No. 8 issued by the Dubai Land Department in 2007.
Our Escrow Management Services will assist real estate developers manage their projects finances in harmony with the regulations imposed by the Dubai Land Department.
It also instils transparency and confidence in the real estate investors.
Land department approval
Escrow account agreement
Memorandum and Articles of Association
Municipality License, Chamber of Commerce & Register of Commerce
Land title deed in the name of the Developer
Plot sale contract
Board Resolution, Power of Attorney, Partnership Agreement
Passport copy (ies) of authorized signatory (ies)
Cash flow projection of the project
The Bank reserves the right to request for any additional documents in line with its Policies and Procedures from time to time
For further information please contact our Escrow Department: Tel: +971 6 511 3408 / Fax: +971 4 282 7270 /