Escrow account “off-plan sale” (REGA)
A secure and compliant banking solution designed specifically for Real Estate Developers (RED) involved in off plan sales and rental projects
Escrow account “off-plan sale” (REGA)
Ideal solution for secure settlements during real estate off-plan sales.
A secure and compliant banking solution designed specifically for Real Estate Developers (RED) involved in off plan sales and rental projects. In full alignment with REGA regulations, this escrow account allows developers to seamlessly monitor and manage project funds both incoming and outgoing through an advanced digital dashboard and reporting tools. The solution ensures full transparency over project finances and supports regulatory compliance throughout the project lifecycle.
Features and Benefits
- Saves substantial time & cost via automated processing.
- Fully digital process eliminates manual intervention.
- Fully compliant with all REGA requirements.
- Equipped with a state of the art dashboard for valuable insights.
- Clear financial reporting gives developers a full project overview.
- Supports multiple project structures under one umbrella.
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| Fee Type | Fee |
|---|---|
| Setup Fee | SAR 25,000 |
| Monthly Fee | SAR 5,000 |
| VIBAN Creation Fee | SAR 10 |
How to apply
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