This service allows real estate developers to apply for receivingpayments from the project completion accounts of their real estateprojects sold off-plan in freehold areas.
The service is provided by the Real Estate Trust Account Section at the Real Estate Trust Account Development Department.
1-The developer must provide an undertaking that he will continueto develop the project and will not cease operations regardless ofreceived payments, and cover any other financial claims such as payments due to the project consultant
Terms of Service Required Documents:-
1- Restricting the spending on projects whose percentage ofcompletion exceeds 80% (pursuant to a technical report issued byDubai Land Department)
2- Restricting the disbursement on construction payments and infrastructure only
The Client shall access the Oqood Portal and choose Trust Account System and apply for Request for
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Last updated 19/10/2019 02:35:55 PM
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