ADCB : Business Banking : BusinessEdge Escrow Account

Business Banking for SME

ADCB’s Business Banking Division offers a wide-array of financial products to Small & Medium Enterprises. The products cover the entire spectrum of solutions across transaction accounts, trade finance and financing products.

Corporate Banking

ADCB offers a wide range of innovative, customized and need-based financing solutions to UAE-based Top Tier Corporates.

Overview

Government Banking

ADCB, as a predominantly Government Owned Bank, provides a unique banking proposition to government entities through a comprehensive suite of products and services.

Overview

Financial Institutions

ADCB’s dedicated Financial Institution Division is responsible for managing relationships with over 200 financial institutions across the globe.

Financial Institutions

Investment Banking

ADCB’s Investment Banking Group provides tailor-made financing and advisory solutions to governments, corporates and diversified family enterprises across the GCC region.

Investment Banking Services

Transaction Banking

As a prominent Government Owned Bank in the United Arab Emirates (UAE), ADCB has leading-edge capabilities for every financial product to cater for our clients’ working capital needs.

Treasury

The mission of our Treasury and Investment Group is to provide our clients with innovative tailor-made financing and risk management solutions to meet their unique needs.

Overview

BusinessEdge Escrow Account

Building a trusted Relationship

ADCB Real Estate Escrow Account provides end-to-end Escrow Services including account opening, balance management, cheque collections, periodic cash flow reporting and comprehensive guidance on completion of Land Department formalities. The service also allows project-wise and buyer-wise payments, disbursement tracking and reporting to the governing authorities.

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ADCB is mandated to extend the Escrow Account Services across:

Abu Dhabi
ADCB and Sorouh Real Estate PJSC have partnered in an Escrow Arrangement to establish Escrow Accounts for the approved Developers/Sub-developers of Sorouh.
Dubai
ADCB Escrow Account Services are offered as per the Dubai Land Department and Real Estate Regulatory Authority (RERA) in accordance with Law No. 8 of 2007.
Ras Al Khaimah
ADCB offers Escrow Services to Real Estate Developments companies in Ras Al Khaimah as per the Amiri Decree No. 22 of 2008 and regulated with RAK Investment Authority (RAKIA).
Ajman
ADCB is an accredited Financial Institution to offer Escrow Services to Real Estate Development Companies in Ajman as per the Amiri Decree No. 8, 11 and 12 concerning Real Estate Escrow Accounts in the Emirate of Ajman and regulated by Ajman Real Estate Regulatory Agency (ARRA).
Key features
- Cheque collection
- Direct payments
- Sweep arrangements
- Online tracking and reporting
- In-house expertise on project evaluation
- Available for existing and new projects
- Simple documentation
- Shari'ah compliant products also available

3 Simple Ways To Apply

Apply Online

Call 800 2030
SMS ESCROW to 2626

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ADCB has a wide network of more than 48 branches and 181 ATMs backed by a team of customer-focused Relationship Managers with extensive business experience, enabling them to understand your requirements and offer suitable business banking solutions structured to suit your needs.