Request for Certification/ Renewal of Certification of an Escrow Agent or Audit Firm
This service allows all audit firms and escrow agents in the UAE to apply for certification or renewal of certification as auditors or escrow agents.
The service is provided by the Real Estate Trust Account Section at the Real Estate Trust Account Development Department
Request for Certification/ Renewal of Certification of an Escrow Agent
  1. The escrow agent must Submit the license from the Central Bank
  2. An escrow agent agreement must be concluded with Dubai Land Department. (new escrow agent)
Request for Certification/ Renewal of Certification of Audit Firm
  1. Curriculum vitae shall be submitted, and all questions prescribed by the Real Estate Regulatory Agency must be answered (new requests)
  2. A Memorandum of Association must be submitted
  3. The registration of the audit firm and employees must be certified by the Ministry of Economy
  4. An audit firm agreement must be concluded with Dubai Land Department. (New audit firm)

The escrow agent / audit firm shall head to the Escrow Account Department accompanied with all requirements and settling the fees. Once the internal procedures are complete, an email with the agreement will be sent to the customer

5 Working Days
Request for Certification/ Renewal of Certification of an Escrow Agent
  • AED 75,000 annually
  • AED 10 Knowledge Fees
  • AED 10 Innovation fees

Request for Certification/ Renewal of Certification of an Audit Firm

  • AED 50,000 annually
  • AED 10 Knowledge Fees
  • AED 10 Innovation fees 

Dubai Land Department – Main Office

Request for Certification/ Renewal of an Escrow Agent
  1. The escrow agent must be licensed by the Central Bank
  2. The escrow account must have a technical department to monitor projects, or contract with a consultancy firm to monitor and follow up projects
  3. Employees of this organisational unit must attend a training course (Escrow Agent Course) on applying the law and its implementing regulation
  4. Compliance by the escrow agent with the annual appraisal standards must be verified (in case of renewal request)
  5. The number of warnings issued to the escrow agent must not exceed three (3) warnings within a single financial year
  6. Reports on field visits to the escrow agent must be reviewed, and his compliance must be verified
  7. A list of employees and contact details must be submitted on a quarterly basis
  8. The escrow agent must have an integrated unit to manage escrow accounts in Dubai
Request for Certification/ Renewal of Certification of Audit Firm
  1. Applicant must be certified as an auditor by Dubai Economy
  2. Compliance by the audit firm with the annual appraisal standards must be verified (in case of renewal requests)
  3. Employees of the firm must attend a training course on applying the law and its implementing regulation