This service allows banks, financial institutions, and audit firms to apply for registration or renewal with the Real Estate Regulatory Agency to manage real estate development escrow accounts and conduct financial auditing of real estate projects.
None
Account Trustee:
1. Completed Escrow Trustee Registration/Renewal Application Form.
2. Copy of registration certificate from the Central Bank.
3. Valid trade license.
4. Power of Attorney (POA) with ID documents for the authorized signatory.
5. List of authorized signatories with specimen signatures and company stamp.
6. Official letter describing the escrow operations unit in Dubai, including its structure and technical management team.
7. Annual employee list and contact details (with updates as needed).
8. Letter specifying service fees charged to developers.
9. Signed Escrow Agent Agreement (for new registrations).
10. Conflict of Interest declaration as per the approved template.
11. Provide escrow agent’s data for the Department's website update.
For TAS system access (Escrow Trustee):
1. Official letter requesting TAS access, mentioning Maker & Checker (signed and stamped).
2. Emirates ID, passport, and visa copy for the users: Maker, Checker, and Bank Engineer.
3. Power of Attorney (POA) for the authorized signatory with ID, passport, and visa.
Auditing Bureau:
1. Copy of audit firm’s registration and employee list, approved by the Ministry of Economy.
2. CV of the authorized signatory and answers to RERA's standard questions.
3. Articles of Association (if available).
4. Conflict of Interest declaration per approved template.
5. Payment of AED 50,020 annual approval fee.
6. Signed agreement with RERA in coordination with the Land Department's Partnerships Division (for new registration).
7. Annual staff list and contact info (notify of any changes).
8. Power of Attorney (POA) for the authorized signatory with Emirates ID.
9. Provide audit firm data for the Department’s website update.
Submission email addresses: hessa.saleh@rera.gov.ae and kamal.alharbawi@dubailand.gov.ae
1- Submit an official application.
2- The project status must be active or completed.
3- A recent technical report issued by the Dubai Land Department, with no red flags in the final stages of the project’s progress.
4- The available amount in the main escrow account must cover the remaining project expenses.
Payment of an Account Trustee approval fee of AED (75,000) annually
AED 10 Knowledge fee
AED 10 innovation fee
Payment of an Auditing Bureau approval fee of AED (50,000) annually
AED 10 knowledge fee
AED 10 innovation fee
Step 1: Download the application form from the website, fill it out, and send it via email.
Step 2: The authority reviews and audits the strategic partner’s request and issues approval or rejection.
Step 3: In case of requesting approval for a new escrow Trustee or audit firm, coordination and signing of the agreement take place.
Step 4: Pay the fees.
Step 5: Update the systems by registering the entity as a strategic partner with the authority (update the registry of the escrow Trustee and audit firm and issue system access permissions).
Payment by bank transfer to the Department’s account.
1- The website of the Dubai Land Department
2- The email address
Escrow Trustee / Audit Firm Agreement
5 Business Days
Banks
Company