Wednesday 21 August 2019
 
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Escrow

Aldar, FAB sign escrow deal for new development

Aldar Properties of Abu Dhabi has signed an escrow agreement with First Abu Dhabi Bank (FAB), enabling the leading property developer to provide escrow services for buyers of its newly-launched masterplanned development, Alghadeer.

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Aldar, UNB ink escrow services agreement

Aldar Properties, a leading listed property development company in Abu Dhabi, UAE, has signed an agreement with Union National Bank (UNB) to provide escrow account services for the buyers of its waterfront project Water’s Edge.

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Al Salam inks escrow deal for Bahrain freehold property

Al Salam Bank-Bahrain, a pioneering Shari’a-compliant bank in the kingdom, said it has signed an escrow account agreement with Al Ma’awdah Group, a leading Bahraini construction materials and development company, to officially launch

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Bin Faqeeh signs escrow agreement

Bin Faqeeh, a Bahrain-based privately-owned real estate investor, has signed an escrow agreement with Khaleeji Commercial Bank (KHCB) for its Hidd Heights project, reported the Gulf Daily News, our sister publication. To

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Bin Faqeeh signs escrow agreement

Bin Faqeeh, a Bahrain-based privately-owned real estate investor, has signed an escrow agreement with Khaleeji Commercial Bank (KHCB) for its Hidd Heights project, reported the Gulf Daily News, our sister publication. To

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Aldar registers first escrow deal with ADCB

Aldar Properties, a leading real estate developer in Abu Dhabi, has signed its first escrow agreement with Abu Dhabi Commercial Bank (ADCB), the first registered escrow bank in the UAE capital. The agreement will enable Aldar Prop

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Obama to demand BP pay for oil spill damage

US President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand on Wednesday that BP set aside billions of dollars to pay damages from the catastrophe. A day after he vowed to fight the spil

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Dubai developers can utilise $2.2bn escrows

Dubai developers have access to up to $2.2 billion from escrow accounts to cover construction commitments, the emirate's property regulator said in a strategy report. Several Dubai-based contractors have said they are owed hundreds of mill

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DIB and Rera host escrow forum

Dubai Islamic Bank (DIB) in partnership with Real Estate Regulatory Agency (Rera) hosted over 50 real estate developers at an escrow forum. The event was aimed at providing a platform for DIB’s escrow account customers to have a dialogue w

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Rera to launch escrow awareness drive

The Real Estate Regulatory Authority (Rera) will launch an awareness campaign on escrow accounts, targeting home buyers and investors. Amlak Finance, the largest real estate financier in the Middle East, will be the exclusive spo

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