Escrow account “off-plan sale” (REGA)
Escrow account “off-plan sale” (REGA)
Ideal solution for secure settlements during real estate off-plan sales.
Escrow Account (Off-Plan Sale) was designed to suit the needs of Real Estate Developers (RED) and provide many banking services, in compliance with the rules and regulations of (REGA) the Off-Plan Sales or Rent Program The Client will be able to monitor and manage incoming and outgoing project’s payments throughout a cutting-edge dashboard and reporting tools, to reach full clarity of project’s financial position.
Key Characteristics and Benefits:
- Substantial savings in time & money.
- Digital solution to avoid manual process.
- The solution adheres to all REGA requirements.
- Cutting-edge dashboard.
- Reporting mechanism will grant the developers a clear overview of their projects.
- Multiple Project schemes.
Escrow Account “Off-Plan Sale” within Al Rajhi Business:
Electronic upload for the documents.
Funds Request.
Create Real Estate Units.
Download Monthly & Quarterly Reports.
Download Bank Certificates.
Financial Inquiry.
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