Escrow Account is the safety measure to guarantee the interests of the people who are buying Off Plan Property in UAE.
When you buy an Off Plan property in UAE, The money goes into an Escrow account Provided by the developer. In that Escrow Account there are three Parties — Buyer, Developer and the DLD. So that means the DLD (Dubai Land Department) will over look that money until the developer delivers the keys to the owner in time. Until the property is under construction the Developer cannot access the money in that escrow account