Real Estate Escrow Account

Real Estate Escrow Account

Riyad Bank, through its Real Estate Escrow Account (REEA), acts as an Escrow agent and protects the interest of buyers and sellers of real estate projects.

  • Competitive terms and pricing
  • Provides comfort to Investors
  • Security of funds

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Please complete the form below and we’ll call you as soon as possible:

Existing or New Riyad Bank Client *
Required existing or new client
Company / Establishment Name required
Company Identification required
Company Identification number required Invalid identification number
Turn over required
Company City required
Title is required
Requester Name required
Requester Mobile required Invalid mobile number e.g.: 966569876765
Verification required Invalid verification code
 
Cancel
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Our team will be glad to serve you from 9am till 4:30pm, Sunday through Thursday.

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Overview

Real Estate Escrow Account is a bank account designated for property development, in which all payments by buyers for the construction of the off-plan project are credited into this account.

An Escrow Account provides security to both the Developer and the Buyer, because unless all the conditions are met on the “sale” the funds are not released to the Developer, whereas the Developer receives payments to cater for the needs of the project to keep it going.

  • Customized MIS of funds received and disbursed
  • Ability to receive funds through a bank transfer
  • Periodic reporting to MOCI
  • All corporate clients are eligible