Noor Islamic Bank
News | Profile | Officers
yesterday announced it has signed an agreement with the Dubai Land DepartmentDubai Land Department
Dubai Land Department
News | Profile | Officers
, accrediting it as an approved bank to offer escrow account services for property developers in Dubai.
The agreement, signed between Sultan Butti bin Majrin, Director General of Dubai Land DepartmentDubai Land Department
Dubai Land Department
News | Profile | Officers
, and Hussain Al Qemzi, Group CEO, Noor Islamic BankNoor Islamic BankLoading..., is in compliance with the newly established Law Number 8 of 2007 concerning Guarantee Accounts of Real Estate Developers in Dubai.
An escrow account essentially is a safekeeping account for buyers of off-plan units from developers and making instalment payments during the course of construction of the project until completion and delivery of the unit to the buyer. Developers will need to open separate escrow accounts for each project.
Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
source: zawya.com
No comments:
Post a Comment