escrow account “off-plan sale” (Wafi)

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 (Wafi) 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.

Features

Key Characteristics and Benefits:

• Substantial savings in time & money.
• Digital solution to avoid manual process.
• The solution adheres to all WAFI 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.
• Escrow Account Status.