Support LocateUs

Language Selector

العربية

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
Responsive Image

More Information

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

To apply please email our sales team on Tss-cmsales@riyadbank.com or call:

  • Eastern region: +966-13-833-5733 Ext. 4505
  • Western region:+966-12-260-9092
  • Central region: +966-11-486-5978

One-time set-up fee and a monthly maintenance fees are charged in addition to a transactional fee which is added on.

Callback SendEnquiry Portlet

Apply Online - 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.

Please complete the form below

Type Seven Apply Now

Thank you for applying. Your Reference Number is Print to PDF
Existing or New Riyad Bank Client
Company Identification Type
Company identification number should start with 7
Please enter a valid identification number
Invalid identification number
Cancel

privacy-cookies

RbPageFeedbackWeb

Thank you for your response
Did you find this information useful?