{"id":16811,"date":"2026-07-12T12:52:57","date_gmt":"2026-07-12T12:52:57","guid":{"rendered":"https:\/\/alrossais.com\/?p=16811"},"modified":"2026-07-13T13:15:52","modified_gmt":"2026-07-13T13:15:52","slug":"real-estate-escrow-accounts-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/alrossais.com\/en\/real-estate-escrow-accounts-in-saudi-arabia\/","title":{"rendered":"Real Estate Escrow Accounts in Saudi Arabia:"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16811\" class=\"elementor elementor-16811 elementor-16770\">\n\t\t\t\t<div class=\"elementor-element elementor-element-226c072 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"226c072\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f4250f9 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"f4250f9\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-45ff4d0 elementor-widget elementor-widget-heading\" data-id=\"45ff4d0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">Real Estate Escrow Accounts in Saudi Arabia:<\/span> \n How They Protect Off-Plan Buyers<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66f91fb elementor-widget elementor-widget-image\" data-id=\"66f91fb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"864\" src=\"https:\/\/alrossais.com\/wp-content\/uploads\/2026\/07\/Real-Estate-Escrow-Accounts-in-Saudi-Arabia-1-1536x864.png\" class=\"attachment-1536x1536 size-1536x1536 wp-image-16915\" alt=\"Real estate escrow account in Saudi Arabia protecting off-plan buyer payments and project funds\" srcset=\"https:\/\/alrossais.com\/wp-content\/uploads\/2026\/07\/Real-Estate-Escrow-Accounts-in-Saudi-Arabia-1-1536x864.png 1536w, https:\/\/alrossais.com\/wp-content\/uploads\/2026\/07\/Real-Estate-Escrow-Accounts-in-Saudi-Arabia-1-300x169.png 300w, https:\/\/alrossais.com\/wp-content\/uploads\/2026\/07\/Real-Estate-Escrow-Accounts-in-Saudi-Arabia-1-1024x576.png 1024w, https:\/\/alrossais.com\/wp-content\/uploads\/2026\/07\/Real-Estate-Escrow-Accounts-in-Saudi-Arabia-1-768x432.png 768w, https:\/\/alrossais.com\/wp-content\/uploads\/2026\/07\/Real-Estate-Escrow-Accounts-in-Saudi-Arabia-1.png 1672w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9a238b elementor-widget elementor-widget-text-editor\" data-id=\"e9a238b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">Buying an off-plan property means committing money before the unit has been fully constructed and handed over. The buyer relies on approved plans, contractual specifications, construction milestones and the developer\u2019s ability to complete the project.<\/p><p class=\"isSelectedEnd\">For this reason, the way buyer payments are collected and used is a central part of off-plan property regulation.<\/p><p class=\"isSelectedEnd\">A <strong>real estate escrow account in Saudi Arabia<\/strong> is a dedicated bank account created for a specific licensed project. Payments received from buyers, tenants and project financiers are deposited into the account rather than being mixed with the developer\u2019s general operating funds.<\/p><p class=\"isSelectedEnd\">The account helps control how project money is spent, improves financial transparency and provides regulators with a clearer framework for supervising licensed developments. However, it should not be viewed as an absolute guarantee that a project will be completed without delays or technical challenges.<\/p><p class=\"isSelectedEnd\">Buyers should consider the escrow account alongside the project licence, sale agreement, construction progress, delivery schedule, developer experience and contractual warranties.<\/p><p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"193\" data-end=\"287\"><a href=\"https:\/\/alrossais.com\/en\/off-plan-property-saudi-arabia-guide\/\">complete guide to buying<\/a> and investing in off-plan property in Saudi Arabia<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab7c378 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"ab7c378\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c9c90d6 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"c9c90d6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f5a02cc elementor-widget elementor-widget-heading\" data-id=\"f5a02cc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">Quick Answer:<\/span> \n What Is a Real Estate Escrow Account?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78adf30 elementor-widget elementor-widget-text-editor\" data-id=\"78adf30\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">A real estate escrow account is a separate bank account opened for a licensed property development. Payments made by buyers, tenants and project financiers are deposited into the account and may be used only for approved expenses connected with that project, subject to Saudi regulatory controls and professional review.<\/p><p>Saudi Arabia\u2019s off-plan property law defines an escrow account as the project bank account into which amounts paid by financiers, buyers or tenants are deposited. The account must be used for the licensed project and its funds cannot be attached for the benefit of the developer\u2019s creditors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8de12bc elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"8de12bc\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-52d5d84 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"52d5d84\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-494956d e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"494956d\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8e15410 elementor-widget elementor-widget-heading\" data-id=\"8e15410\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Is an Escrow Account Required for Off-Plan Projects?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77078d3 elementor-widget elementor-widget-text-editor\" data-id=\"77078d3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">In a completed property transaction, the buyer can inspect the building or unit before completing the purchase. In an off-plan transaction, part of the purchase price may be paid while the project is still being designed or constructed.<\/p><p class=\"isSelectedEnd\">This creates a need for stronger control over the money collected.<\/p><p class=\"isSelectedEnd\">Without a dedicated account, it may be difficult for buyers and regulators to determine whether project funds are being used for construction, design, infrastructure and other approved expenses or diverted to unrelated activities.<\/p><p class=\"isSelectedEnd\">An escrow account creates financial separation between the project and the developer\u2019s wider business.<\/p><p class=\"isSelectedEnd\">Its main purposes include:<\/p><ul data-spread=\"false\"><li>keeping buyer payments connected to the licensed project;<\/li><li>preventing project money from being freely used for unrelated developments;<\/li><li>creating a traceable record of deposits and withdrawals;<\/li><li>supporting financial and engineering oversight;<\/li><li>helping regulators assess a project\u2019s financial position;<\/li><li>providing a structured process for dealing with delayed or distressed projects;<\/li><li>improving confidence among buyers, financiers and other stakeholders.<\/li><\/ul><p>The Saudi off-plan framework is intended to improve transparency, protect the rights of contracting parties and increase confidence in the Kingdom\u2019s real estate sector.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8ed1ad elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"a8ed1ad\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-042cadf e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"042cadf\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f94da79 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"f94da79\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-312092f elementor-widget elementor-widget-heading\" data-id=\"312092f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How Does a Real Estate Development Escrow Account Work?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7253efc elementor-widget elementor-widget-text-editor\" data-id=\"7253efc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The operation of a project escrow account involves the real estate developer, a licensed bank, the project consultant, a certified public accountant and the Real Estate General Authority.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04df283 elementor-widget elementor-widget-heading\" data-id=\"04df283\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">  <span style=\"color:#BCA03D\">1.<\/span> \nThe Project Must Obtain the Required Licence<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d826f48 elementor-widget elementor-widget-text-editor\" data-id=\"d826f48\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">A bank cannot activate the escrow account unless the required off-plan project licence has been issued by the Real Estate General Authority.<\/p><p class=\"isSelectedEnd\">The licensing process requires project, financial and technical information. Depending on the project, this may include approved designs, engineering plans, a feasibility study, expected costs, funding sources, the proposed implementation period and agreements with relevant project parties.<\/p><p class=\"isSelectedEnd\">The licence is therefore an essential starting point for buyer due diligence.<\/p><p>Marketing materials, reservation forms and sales presentations should not replace verification of the project\u2019s official licensing status.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c992f0b elementor-widget elementor-widget-heading\" data-id=\"c992f0b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">2.<\/span> \n A Separate Account Is Opened for Each Project<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86074a9 elementor-widget elementor-widget-text-editor\" data-id=\"86074a9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">Only one main escrow account is opened for each individual off-plan project. It is named in a way that identifies both the project and the real estate developer.<\/p><p class=\"isSelectedEnd\">Specified sub-accounts may be linked to the main account for defined project purposes, such as construction costs, financing, administrative expenses or marketing expenses. Funds cannot be transferred to unrelated external accounts outside the permitted account structure.<\/p><p class=\"isSelectedEnd\">The independent account structure prevents the finances of several projects from being mixed into one unrestricted pool of money.<\/p><p>If a development is officially divided into separate scopes, the Saudi implementing regulations require each scope to have its own independent escrow account and separate financial and engineering reports.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1863c80 elementor-widget elementor-widget-heading\" data-id=\"1863c80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">3.<\/span> \n Buyer and Financing Payments Are Deposited<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f014f99 elementor-widget elementor-widget-text-editor\" data-id=\"f014f99\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">Amounts collected from buyers or tenants must be deposited into the project escrow account.<\/p><p class=\"isSelectedEnd\">Financing obtained by the developer or landowner for the licensed development must also be deposited into the account and used according to the applicable law and regulations.<\/p><p class=\"isSelectedEnd\">Saudi Central Bank rules allow buyers, tenants and financiers to deposit money through payment methods accepted by the bank, but cash deposits are not permitted for this type of account.<\/p><p>Before making a payment, the buyer should confirm that the account details match the project and payment information stated in the official sale documents.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4f8781 elementor-widget elementor-widget-heading\" data-id=\"b4f8781\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">4. <\/span> \nWithdrawals Require Supporting Documents<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a3bc18 elementor-widget elementor-widget-text-editor\" data-id=\"6a3bc18\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The developer does not have unrestricted access to the account balance.<\/p><p class=\"isSelectedEnd\">A payment from the project escrow account must be supported by a payment document that identifies:<\/p><ul data-spread=\"false\"><li>the amount requested;<\/li><li>the purpose of the payment;<\/li><li>the expense or project obligation being funded;<\/li><li>the justification for releasing the money.<\/li><\/ul><p class=\"isSelectedEnd\">The payment document must be certified by the consulting office and the certified public accountant. Payments are then made by cheque or bank transfer within the permitted limits.<\/p><p>This process connects the use of project funds with documented construction, professional and operational requirements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9addf6e elementor-widget elementor-widget-heading\" data-id=\"9addf6e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">5.<\/span> \nAccess to the Account Is Restricted<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d138a8 elementor-widget elementor-widget-text-editor\" data-id=\"2d138a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The escrow account is not managed in the same way as an ordinary company bank account.<\/p><p class=\"isSelectedEnd\">Saudi Central Bank rules provide that:<\/p><ul data-spread=\"false\"><li>ATM cards cannot be issued for the account;<\/li><li>credit cards cannot be issued against it;<\/li><li>transfers are limited to authorised project purposes and specified sub-accounts;<\/li><li>the bank cannot attach the account for its own benefit or for the developer\u2019s creditors;<\/li><li>the account cannot be closed without approval from the relevant authority.<\/li><\/ul><p>These controls reduce the risk of uncontrolled or personal use of project money.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-495c1ac elementor-widget elementor-widget-heading\" data-id=\"495c1ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> <span style=\"color:#BCA03D\">6<\/span> \n REGA Can Request Financial and Progress Reports<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6008a8 elementor-widget elementor-widget-text-editor\" data-id=\"b6008a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The certified public accountant is responsible for monitoring financial information, checking that amounts collected from buyers are deposited and preparing reports about the project\u2019s financial position and withdrawals.<\/p><p class=\"isSelectedEnd\">REGA may also request progress reports from the consulting firm, certified public accountant or bank, particularly for larger projects or where closer supervision is required.<\/p><p>This oversight allows financial withdrawals to be considered alongside the project\u2019s actual development position<\/p><p><a href=\"https:\/\/alrossais.com\/en\/real-estate-development-process-saudi-arabia\/\">step-by-step real estate development process<\/a> in Saudi Arabia from planning to project handover<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a6b8f5 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"7a6b8f5\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-414e52a e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"414e52a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1617273 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"1617273\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11b1134 elementor-widget elementor-widget-heading\" data-id=\"11b1134\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Are Reservation Fees Deposited Into the Escrow Account?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f43a148 elementor-widget elementor-widget-text-editor\" data-id=\"f43a148\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">A developer may apply for a project marketing licence before receiving the full off-plan project licence.<\/p><p class=\"isSelectedEnd\">When the developer wishes to collect reservation fees during the marketing licence period, the implementing regulations require the developer to:<\/p><ul data-spread=\"false\"><li>disclose the project\u2019s current status and future plans;<\/li><li>limit the reservation fee to no more than 5% of the unit value;<\/li><li>deposit all collected reservation amounts into the designated escrow account.<\/li><\/ul><p class=\"isSelectedEnd\">If the marketing licence expires without the developer obtaining the required project licence, REGA is responsible for refunding the deposited reservation amounts to their rightful owners.<\/p><p>Buyers should therefore avoid paying a reservation amount into an individual\u2019s account or an account that is not clearly identified in the formal project documentation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98a59de elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"98a59de\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ec12738 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"ec12738\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-686b31f e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"686b31f\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7dc7b95 elementor-widget elementor-widget-heading\" data-id=\"7dc7b95\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How Does an Escrow Account Protect Buyers?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec09534 elementor-widget elementor-widget-text-editor\" data-id=\"ec09534\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A real estate project escrow account does not remove all development risk, but it provides several important protections.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9cd6f5e elementor-widget elementor-widget-heading\" data-id=\"9cd6f5e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Project Funds Are Kept Separate<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d4d1f17 elementor-widget elementor-widget-text-editor\" data-id=\"d4d1f17\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Buyer payments are not intended to become part of an unrestricted general company balance. They remain connected with the specific development for which they were collected.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e58b7c elementor-widget elementor-widget-heading\" data-id=\"2e58b7c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Withdrawals Are Reviewed<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b46807d elementor-widget elementor-widget-text-editor\" data-id=\"b46807d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The developer must provide a reason and supporting documentation for project payments, while the consultant and certified public accountant participate in the review process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45fe72e elementor-widget elementor-widget-heading\" data-id=\"45fe72e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The Account Cannot Be Used by the Developer\u2019s Creditors<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41ac568 elementor-widget elementor-widget-text-editor\" data-id=\"41ac568\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Money held in the project escrow account cannot be attached for the benefit of creditors pursuing the developer\u2019s unrelated debts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e857b6 elementor-widget elementor-widget-heading\" data-id=\"1e857b6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The Financial Position Is Easier to Assess<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e95c95 elementor-widget elementor-widget-text-editor\" data-id=\"1e95c95\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Account records, financial reports and construction reports help the relevant parties understand how much money has been received, how much has been spent and what stage the project has reached.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca8d263 elementor-widget elementor-widget-heading\" data-id=\"ca8d263\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Regulatory Action Is More Structured<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e39b3ea elementor-widget elementor-widget-text-editor\" data-id=\"e39b3ea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If a project develops serious difficulties, the existence of a regulated account helps REGA assess the available balance, project liabilities and possible recovery measures.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5c1123 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"a5c1123\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1db0152 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"1db0152\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-98c36a4 elementor-widget elementor-widget-heading\" data-id=\"98c36a4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Does an Escrow Account Guarantee Project Completion?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8ae0e9 elementor-widget elementor-widget-text-editor\" data-id=\"f8ae0e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">No. A real estate escrow account does not guarantee that a project will be completed on time or without construction problems.<\/p><p class=\"isSelectedEnd\">It controls project money and reduces the risk of financial misuse, but successful delivery also depends on:<\/p><ul data-spread=\"false\"><li>the developer\u2019s financial and operational capacity;<\/li><li>contractor performance;<\/li><li>project design and planning;<\/li><li>supply of construction materials;<\/li><li>government approvals and infrastructure connections;<\/li><li>cost management;<\/li><li>engineering quality;<\/li><li>effective coordination among consultants and contractors;<\/li><li>market and financing conditions.<\/li><\/ul><p class=\"isSelectedEnd\">A project can have a properly managed escrow account and still experience delays caused by technical, contractual or operational issues.<\/p><p>For this reason, buyers should evaluate both the project\u2019s financial controls and its delivery capability.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0d9416 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"d0d9416\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3fcd2a2 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"3fcd2a2\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4f6f22e elementor-widget elementor-widget-html\" data-id=\"4f6f22e\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n  \/* Al Rossais \u2013 Escrow vs Bank Guarantee *\/\r\n  .alr-escrow-compare {\r\n    --primary: #013B4D;\r\n    --secondary: #BCA03D;\r\n    --text: #2f4147;\r\n    --muted: #5f6f74;\r\n    --light: #f7f9f9;\r\n    --border: #e1e8ea;\r\n\r\n    width: 100%;\r\n    max-width: 1120px;\r\n    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.alr-comparison-table tbody tr:hover th,\r\n  .alr-comparison-table tbody tr:hover td {\r\n    background: rgba(188, 160, 61, 0.14);\r\n    transition: background 0.25s ease;\r\n  }\r\n\r\n  .alr-comparison-table tbody tr:last-child th,\r\n  .alr-comparison-table tbody tr:last-child td {\r\n    border-bottom: 0;\r\n  }\r\n\r\n  .alr-comparison-table tbody th:last-child,\r\n  .alr-comparison-table tbody td:last-child {\r\n    border-right: 0;\r\n  }\r\n\r\n  .alr-summary-box {\r\n    position: relative;\r\n    padding: 24px 26px;\r\n    background: linear-gradient(\r\n      135deg,\r\n      rgba(1, 59, 77, 0.07),\r\n      rgba(188, 160, 61, 0.10)\r\n    );\r\n    border-left: 5px solid var(--secondary);\r\n    border-radius: 14px;\r\n  }\r\n\r\n  .alr-summary-box p {\r\n    margin: 0 0 12px;\r\n    color: #354a50;\r\n    font-size: 16px;\r\n    line-height: 1.85;\r\n  }\r\n\r\n  .alr-summary-box p:last-child {\r\n    margin-bottom: 0;\r\n  }\r\n\r\n  .alr-summary-box strong {\r\n    color: var(--primary);\r\n    font-weight: 700;\r\n  }\r\n\r\n  .alr-summary-label {\r\n    display: inline-block;\r\n    margin-bottom: 10px;\r\n    padding: 6px 12px;\r\n    color: #ffffff;\r\n    background: var(--primary);\r\n    border-radius: 20px;\r\n    font-size: 13px;\r\n    font-weight: 700;\r\n    letter-spacing: 0.3px;\r\n  }\r\n\r\n  @media (max-width: 767px) {\r\n    .alr-escrow-compare {\r\n      margin: 25px auto;\r\n    }\r\n\r\n    .alr-compare-card {\r\n      padding: 28px 18px;\r\n      border-radius: 15px;\r\n    }\r\n\r\n    .alr-compare-heading {\r\n      padding-left: 16px;\r\n      font-size: 24px;\r\n    }\r\n\r\n    .alr-compare-heading::before {\r\n      top: 4px;\r\n      width: 5px;\r\n      height: 31px;\r\n    }\r\n\r\n    .alr-compare-intro {\r\n      font-size: 16px;\r\n    }\r\n\r\n    .alr-comparison-table thead th,\r\n    .alr-comparison-table tbody th,\r\n    .alr-comparison-table tbody td {\r\n      padding: 15px 16px;\r\n      font-size: 14.5px;\r\n    }\r\n\r\n    .alr-summary-box {\r\n      padding: 20px 18px;\r\n    }\r\n\r\n    .alr-summary-box p {\r\n      font-size: 15px;\r\n    }\r\n  }\r\n<\/style>\r\n\r\n<section\r\n  class=\"alr-escrow-compare\"\r\n  aria-labelledby=\"escrow-bank-heading\"\r\n>\r\n  <div class=\"alr-compare-card\">\r\n\r\n    <h2 id=\"escrow-bank-heading\" class=\"alr-compare-heading\">\r\n      Escrow Account vs Bank Guarantee: What Is the Difference?\r\n    <\/h2>\r\n\r\n    <p class=\"alr-compare-intro\">\r\n      A real estate escrow account and a bank guarantee are different\r\n      financial instruments. Each serves a separate purpose and provides\r\n      a different form of financial protection.\r\n    <\/p>\r\n\r\n    <div\r\n      class=\"alr-table-wrapper\"\r\n      role=\"region\"\r\n      aria-label=\"Comparison between a real estate escrow account and a bank guarantee\"\r\n      tabindex=\"0\"\r\n    >\r\n      <table class=\"alr-comparison-table\">\r\n        <thead>\r\n          <tr>\r\n            <th scope=\"col\">Comparison Point<\/th>\r\n            <th scope=\"col\">Real Estate Escrow Account<\/th>\r\n            <th scope=\"col\">Bank Guarantee<\/th>\r\n          <\/tr>\r\n        <\/thead>\r\n\r\n        <tbody>\r\n          <tr>\r\n            <th scope=\"row\">Main Purpose<\/th>\r\n            <td>Holds and controls funds allocated to a project<\/td>\r\n            <td>Guarantees a specified financial or contractual obligation<\/td>\r\n          <\/tr>\r\n\r\n          <tr>\r\n            <th scope=\"row\">Nature<\/th>\r\n            <td>A bank account containing deposited money<\/td>\r\n            <td>An undertaking issued by a bank<\/td>\r\n          <\/tr>\r\n\r\n          <tr>\r\n            <th scope=\"row\">Source of Value<\/th>\r\n            <td>Buyer payments and project financing<\/td>\r\n            <td>The bank\u2019s commitment on behalf of its customer<\/td>\r\n          <\/tr>\r\n\r\n          <tr>\r\n            <th scope=\"row\">Use<\/th>\r\n            <td>Paying approved expenses related to the project<\/td>\r\n            <td>\r\n              Paying a beneficiary when the guarantee conditions are met\r\n            <\/td>\r\n          <\/tr>\r\n\r\n          <tr>\r\n            <th scope=\"row\">Duration<\/th>\r\n            <td>\r\n              Connected with the project and regulatory closure of the account\r\n            <\/td>\r\n            <td>Defined in the bank guarantee document<\/td>\r\n          <\/tr>\r\n\r\n          <tr>\r\n            <th scope=\"row\">Main Protection<\/th>\r\n            <td>Controls how project funds are collected and used<\/td>\r\n            <td>Protects against a specified default or failure<\/td>\r\n          <\/tr>\r\n        <\/tbody>\r\n      <\/table>\r\n    <\/div>\r\n\r\n    <div class=\"alr-summary-box\">\r\n      <span class=\"alr-summary-label\">Key Difference<\/span>\r\n\r\n      <p>\r\n        A <strong>real estate escrow account<\/strong> contains actual money\r\n        allocated to a specific property project.\r\n      <\/p>\r\n\r\n      <p>\r\n        A <strong>bank guarantee<\/strong> does not normally hold buyer\r\n        payments. Instead, it represents the bank\u2019s commitment to pay a\r\n        named beneficiary when the requirements stated in the guarantee\r\n        are satisfied.\r\n      <\/p>\r\n\r\n      <p>\r\n        A real estate development may involve both tools, but they should\r\n        not be described as if they provide the same type of protection.\r\n      <\/p>\r\n    <\/div>\r\n\r\n  <\/div>\r\n<\/section>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66f5726 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"66f5726\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7e7bc36 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"7e7bc36\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3254acc elementor-widget elementor-widget-heading\" data-id=\"3254acc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How Can Buyers Verify an Escrow Account Before Paying?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0822b36 elementor-widget elementor-widget-text-editor\" data-id=\"0822b36\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A buyer should complete several checks before transferring a reservation amount or purchase instalment.<\/p><p><a href=\"https:\/\/alrossais.com\/en\/how-to-buy-property-saudi-arabia-2026\/\">complete process of buying property<\/a> in Saudi Arabia and verifying the transaction before payment<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2876492 elementor-widget elementor-widget-heading\" data-id=\"2876492\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Verify the Project Licence<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e487650 elementor-widget elementor-widget-text-editor\" data-id=\"e487650\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">Ask for the project licence number and search for the development through the official Off-Plan Sales and Lease platform.<\/p><p>The platform provides inquiry tools for licensed projects and information about qualified developers and other approved project parties<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b5bcf7 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"2b5bcf7\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-13f4cec e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"13f4cec\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3364d68 elementor-widget elementor-widget-heading\" data-id=\"3364d68\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Compare the Account With the Contract<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef4afda elementor-widget elementor-widget-text-editor\" data-id=\"ef4afda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The payment account should match the information provided in the formal project documentation.<\/p><p class=\"isSelectedEnd\">Do not transfer money when:<\/p><ul data-spread=\"false\"><li>the account belongs to an individual;<\/li><li>the account name does not match the project or developer information;<\/li><li>the payment instructions were provided only through an informal message;<\/li><li>the developer refuses to confirm the account details in writing;<\/li><li>the account differs from the one identified in the contract.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a70bd3 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"4a70bd3\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d2b1a9c e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"d2b1a9c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23386cc elementor-widget elementor-widget-heading\" data-id=\"23386cc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Review the Payment Schedule<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47cbd01 elementor-widget elementor-widget-text-editor\" data-id=\"47cbd01\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The agreement should clearly explain when each instalment becomes due.<\/p><p>For example, an apartment payment plan may include instalments at the foundation, structural, finishing and handover stages. The buyer should compare each payment request with the contractual milestone and the reported progress of construction.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f2bb5c elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"5f2bb5c\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c798c2 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"5c798c2\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ebcc07 elementor-widget elementor-widget-heading\" data-id=\"6ebcc07\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Read the Sale Agreement Carefully<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fb99ff elementor-widget elementor-widget-text-editor\" data-id=\"3fb99ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The implementing regulations require the standard sale contract to address key matters such as:<\/p><ul data-spread=\"false\"><li>the payment schedule;<\/li><li>consequences of late payment by the buyer;<\/li><li>compensation and fair market rent where the developer delays delivery;<\/li><li>contract termination provisions;<\/li><li>the project completion period;<\/li><li>any additional extension that may be granted;<\/li><li>the possibility of appointing an alternative developer if the project faces difficulties.<\/li><\/ul><p>These protections depend on the wording of the applicable contract and the circumstances of the project.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03b8bde elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"03b8bde\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4091b0a e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"4091b0a\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6773618 elementor-widget elementor-widget-heading\" data-id=\"6773618\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Keep a Complete Payment Record<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d5bd47 elementor-widget elementor-widget-text-editor\" data-id=\"1d5bd47\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The buyer should retain:<\/p><ul data-spread=\"false\"><li>the signed contract and its appendices;<\/li><li>reservation and payment receipts;<\/li><li>bank transfer confirmations;<\/li><li>official correspondence;<\/li><li>project plans and unit specifications;<\/li><li>written promises that influenced the purchase;<\/li><li>progress reports provided to the buyer.<\/li><\/ul><p class=\"isSelectedEnd\">Clear records may become important if a payment, delivery or specification dispute arises.<\/p><p>For a broader explanation of the full purchase process, buyers can also review the <strong>complete guide to buying and investing in off-plan property in Saudi Arabia<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d080d1 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"0d080d1\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-46efdbc e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"46efdbc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-94ab3f1 elementor-widget elementor-widget-heading\" data-id=\"94ab3f1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Happens If an Off-Plan Project Is Delayed or Distressed?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f13a535 elementor-widget elementor-widget-text-editor\" data-id=\"f13a535\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">The treatment of a delayed project depends on the cause of the problem, the percentage of construction completed, the remaining escrow balance, contractual obligations and regulatory decisions.<\/p><p class=\"isSelectedEnd\">The possible response may include:<\/p><ul data-spread=\"false\"><li>reviewing the project\u2019s engineering and financial position;<\/li><li>directing payments toward outstanding project obligations;<\/li><li>correcting construction defects;<\/li><li>replacing a contractor, consultant or other party contributing to the delay;<\/li><li>appointing an alternative developer;<\/li><li>transferring the escrow balance to the alternative developer\u2019s project account;<\/li><li>refunding eligible amounts where the law, contract and official decision allow it.<\/li><\/ul><p class=\"isSelectedEnd\">The standard buyer contract must contain a clause recognising REGA\u2019s right to appoint an alternative developer where a project encounters difficulties. The regulations also provide for financial and progress reporting that can support decisions about project recovery.<\/p><p>A buyer should not assume that every delay automatically results in immediate cancellation or a full refund. The outcome depends on the project\u2019s legal and financial position and the applicable regulatory process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c07be9d elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"c07be9d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-229bccc e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"229bccc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ef6dadf elementor-widget elementor-widget-heading\" data-id=\"ef6dadf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Role of an Experienced Real Estate Developer<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a85e9d elementor-widget elementor-widget-text-editor\" data-id=\"0a85e9d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">An escrow account is an important financial control, but it cannot replace professional project management.<\/p><p class=\"isSelectedEnd\">Successful delivery also requires accurate feasibility planning, regulatory compliance, design coordination, contractor supervision, construction quality control, organised handover and effective after-sales support.<\/p><p class=\"isSelectedEnd\"><strong>Abdulmohsin Al Rossais &amp; Sons Group Co.<\/strong> has more than 75 years of experience in Saudi Arabia\u2019s real estate sector and has contributed to residential and commercial development supporting Riyadh\u2019s urban growth.<\/p><p class=\"isSelectedEnd\">The company\u2019s real estate development approach covers planning, market analysis, design coordination, project execution and delivery. Its after-sales services include technical support, quality follow-up, customer care and a structured process for escalating unresolved property issues.<\/p><p>The exact warranties, defect-liability periods and contractual protections offered to a buyer may differ between projects. Buyers should therefore review the agreement and supporting documents for the particular development rather than assuming that every project provides identical guarantees.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02f6782 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"02f6782\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d9f8e23 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"d9f8e23\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a186b01 elementor-widget elementor-widget-heading\" data-id=\"a186b01\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Conclusion<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39cc1bf elementor-widget elementor-widget-text-editor\" data-id=\"39cc1bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">A <strong>real estate escrow account in Saudi Arabia<\/strong> helps control how buyer and financing payments are collected and spent in licensed off-plan projects.<\/p><p class=\"isSelectedEnd\">It strengthens buyer protection by separating project funds, restricting withdrawals, involving professional reviewers and supporting regulatory supervision. It also provides a clearer financial structure if a project experiences delays or requires corrective action.<\/p><p class=\"isSelectedEnd\">However, an escrow account is not a substitute for full due diligence.<\/p><p class=\"isSelectedEnd\">Before transferring money, buyers should:<\/p><ul data-spread=\"false\"><li>verify the project licence;<\/li><li>confirm the official payment account;<\/li><li>review the construction and payment milestones;<\/li><li>understand the delivery and delay provisions;<\/li><li>assess the developer\u2019s experience;<\/li><li>examine the unit specifications;<\/li><li>confirm the applicable warranties and after-sales obligations.<\/li><\/ul><p>A safer off-plan purchase is based on regulated payment channels, documented project information, a clear contract and a developer with the experience and systems required to manage the project from planning through handover.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87f5dd1 elementor-widget-divider--view-line_icon elementor-view-default elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider\" data-id=\"87f5dd1\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon elementor-divider__element\">\n\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-building\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M128 148v-40c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v40c0 6.6-5.4 12-12 12h-40c-6.6 0-12-5.4-12-12zm140 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-128 96h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm128 0h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm-76 84v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12h40c6.6 0 12-5.4 12-12zm76 12h40c6.6 0 12-5.4 12-12v-40c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v40c0 6.6 5.4 12 12 12zm180 124v36H0v-36c0-6.6 5.4-12 12-12h19.5V24c0-13.3 10.7-24 24-24h337c13.3 0 24 10.7 24 24v440H436c6.6 0 12 5.4 12 12zM79.5 463H192v-67c0-6.6 5.4-12 12-12h40c6.6 0 12 5.4 12 12v67h112.5V49L80 48l-.5 415z\"><\/path><\/svg><\/div>\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f9fbadc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"4f9fbadc0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6bc787eb\" data-id=\"6bc787eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-877460b elementor-widget elementor-widget-heading\" data-id=\"877460b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions About Real Estate Escrow Accounts<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71d7a0f2 elementor-widget elementor-widget-accordion\" data-id=\"71d7a0f2\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1901\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1901\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is a real estate escrow account in Saudi Arabia?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1901\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1901\"><p>It is a separate bank account opened for a licensed property project. Buyer, tenant and financing payments are deposited into the account and may be used only for authorised expenses relating to that development.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1902\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1902\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Is an escrow account mandatory for off-plan projects in Saudi Arabia?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1902\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1902\"><p>A separate escrow account is required for each licensed off-plan project. The bank cannot activate the account until the relevant project licence has been submitted.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1903\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1903\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can the developer withdraw money at any time?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1903\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1903\"><p>No. Withdrawals must relate to project purposes and be supported by a payment document identifying the amount and reason for the expense. The document must be certified by the project consultant and certified public accountant.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1904\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1904\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can buyer payments be deposited into a personal bank account?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1904\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1904\"><p>Buyers should not transfer project payments to a personal or undocumented account. Payments should be made to the account formally identified for the licensed project in the sale and payment documents.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1905\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1905\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Does an escrow account guarantee that the unit will be delivered?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1905\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1905\"><p>No. It controls the use of project money but cannot eliminate construction delays, contractor failure, design changes, supply problems or other operational risks.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1906\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1906\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><svg class=\"e-font-icon-svg e-fas-angle-down\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M143 352.3L7 216.3c-9.4-9.4-9.4-24.6 0-33.9l22.6-22.6c9.4-9.4 24.6-9.4 33.9 0l96.4 96.4 96.4-96.4c9.4-9.4 24.6-9.4 33.9 0l22.6 22.6c9.4 9.4 9.4 24.6 0 33.9l-136 136c-9.2 9.4-24.4 9.4-33.8 0z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><svg class=\"e-font-icon-svg e-fas-angle-up\" viewBox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M177 159.7l136 136c9.4 9.4 9.4 24.6 0 33.9l-22.6 22.6c-9.4 9.4-24.6 9.4-33.9 0L160 255.9l-96.4 96.4c-9.4 9.4-24.6 9.4-33.9 0L7 329.7c-9.4-9.4-9.4-24.6 0-33.9l136-136c9.4-9.5 24.6-9.5 34-.1z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What happens to the escrow funds if the project faces serious difficulties?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1906\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1906\"><p>The response depends on the project\u2019s status and regulatory decision. Measures may include paying project obligations, correcting defects, appointing an alternative developer, transferring the balance to another approved project account or issuing refunds where legally applicable.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Real Estate Escrow Accounts in Saudi Arabia: How They Protect Off-Plan Buyers Buying an off-plan property means committing money before the unit has been fully constructed and handed over. The buyer relies on approved plans, contractual specifications, construction milestones and the developer\u2019s ability to complete the project. For this reason, the way buyer payments are collected and used is a central part of off-plan property regulation. A real estate escrow account in Saudi Arabia is a dedicated bank account created for a specific licensed project. Payments received from buyers, tenants and project financiers are deposited into the account rather than being mixed with the developer\u2019s general operating funds. The account helps control how project money is spent, improves financial transparency and provides regulators with a clearer framework for supervising licensed developments. However, it should not be viewed as an absolute guarantee that a project will be completed without delays or technical challenges. Buyers should consider the escrow account alongside the project licence, sale agreement, construction progress, delivery schedule, developer experience and contractual warranties. complete guide to buying and investing in off-plan property in Saudi Arabia Quick Answer: What Is a Real Estate Escrow Account? A real estate escrow account is a separate bank account opened for a licensed property development. Payments made by buyers, tenants and project financiers are deposited into the account and may be used only for approved expenses connected with that project, subject to Saudi regulatory controls and professional review. Saudi Arabia\u2019s off-plan property law defines an escrow account as the project bank account into which amounts paid by financiers, buyers or tenants are deposited. The account must be used for the licensed project and its funds cannot be attached for the benefit of the developer\u2019s creditors. Why Is an Escrow Account Required for Off-Plan Projects? In a completed property transaction, the buyer can inspect the building or unit before completing the purchase. In an off-plan transaction, part of the purchase price may be paid while the project is still being designed or constructed. This creates a need for stronger control over the money collected. Without a dedicated account, it may be difficult for buyers and regulators to determine whether project funds are being used for construction, design, infrastructure and other approved expenses or diverted to unrelated activities. An escrow account creates financial separation between the project and the developer\u2019s wider business. Its main purposes include: keeping buyer payments connected to the licensed project; preventing project money from being freely used for unrelated developments; creating a traceable record of deposits and withdrawals; supporting financial and engineering oversight; helping regulators assess a project\u2019s financial position; providing a structured process for dealing with delayed or distressed projects; improving confidence among buyers, financiers and other stakeholders. The Saudi off-plan framework is intended to improve transparency, protect the rights of contracting parties and increase confidence in the Kingdom\u2019s real estate sector. How Does a Real Estate Development Escrow Account Work? The operation of a project escrow account involves the real estate developer, a licensed bank, the project consultant, a certified public accountant and the Real Estate General Authority. 1. The Project Must Obtain the Required Licence A bank cannot activate the escrow account unless the required off-plan project licence has been issued by the Real Estate General Authority. The licensing process requires project, financial and technical information. Depending on the project, this may include approved designs, engineering plans, a feasibility study, expected costs, funding sources, the proposed implementation period and agreements with relevant project parties. The licence is therefore an essential starting point for buyer due diligence. Marketing materials, reservation forms and sales presentations should not replace verification of the project\u2019s official licensing status. 2. A Separate Account Is Opened for Each Project Only one main escrow account is opened for each individual off-plan project. It is named in a way that identifies both the project and the real estate developer. Specified sub-accounts may be linked to the main account for defined project purposes, such as construction costs, financing, administrative expenses or marketing expenses. Funds cannot be transferred to unrelated external accounts outside the permitted account structure. The independent account structure prevents the finances of several projects from being mixed into one unrestricted pool of money. If a development is officially divided into separate scopes, the Saudi implementing regulations require each scope to have its own independent escrow account and separate financial and engineering reports. 3. Buyer and Financing Payments Are Deposited Amounts collected from buyers or tenants must be deposited into the project escrow account. Financing obtained by the developer or landowner for the licensed development must also be deposited into the account and used according to the applicable law and regulations. Saudi Central Bank rules allow buyers, tenants and financiers to deposit money through payment methods accepted by the bank, but cash deposits are not permitted for this type of account. Before making a payment, the buyer should confirm that the account details match the project and payment information stated in the official sale documents. 4. Withdrawals Require Supporting Documents The developer does not have unrestricted access to the account balance. A payment from the project escrow account must be supported by a payment document that identifies: the amount requested; the purpose of the payment; the expense or project obligation being funded; the justification for releasing the money. The payment document must be certified by the consulting office and the certified public accountant. Payments are then made by cheque or bank transfer within the permitted limits. This process connects the use of project funds with documented construction, professional and operational requirements. 5. Access to the Account Is Restricted The escrow account is not managed in the same way as an ordinary company bank account. Saudi Central Bank rules provide that: ATM cards cannot be issued for the account; credit cards cannot be issued against it; transfers are limited to authorised project purposes and specified sub-accounts; the bank cannot attach the account for its own benefit or for the<\/p>\n","protected":false},"author":4,"featured_media":16915,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-16811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-17"],"acf":[],"_links":{"self":[{"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/posts\/16811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/comments?post=16811"}],"version-history":[{"count":108,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/posts\/16811\/revisions"}],"predecessor-version":[{"id":16931,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/posts\/16811\/revisions\/16931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/media\/16915"}],"wp:attachment":[{"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/media?parent=16811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/categories?post=16811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alrossais.com\/en\/wp-json\/wp\/v2\/tags?post=16811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}