Fifth Consultancy

TAS and escrow account management

Quick answer

Fifth Consultancy manages project escrow accounts and trust account (TAS) payments for Dubai developers. We open the escrow account with an approved trustee bank, process buyer payments into it, prepare release requests tied to construction progress and keep reporting aligned with RERA rules. We have processed more than AED 750 million in TAS payments.

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Last updated 1 October 2026 · Reviewed by the Fifth Consultancy team

What is TAS & Escrow Management?

Under Dubai Law No. 8 of 2007, money paid by buyers for off-plan units must go into a dedicated project escrow (trust) account held with an approved bank. Developers can only draw funds for the project’s construction and related costs, usually against progress certified by the project consultant. Correct escrow handling protects buyers and keeps the developer compliant.

What we handle

  • Escrow account opening with an approved trustee bank
  • Payment processing and allocation for buyer instalments
  • Release (drawdown) requests against certified construction progress
  • Reconciliation between escrow, Oqood and receivables
  • Retention and post-completion release follow-up
  • Regular reporting for management and the trustee bank

How it works

A clear, accountable sequence with one team responsible from start to finish.

  1. Account opening

    We prepare the documents and open the escrow account with an approved trustee bank.

  2. Payment flow

    We set up how buyer payments reach escrow and are allocated to units.

  3. Drawdowns

    We prepare release requests supported by consultant progress certificates.

  4. Reconciliation

    We reconcile escrow balances with Oqood and receivables every cycle.

  5. Completion

    We follow up the retention release once the project is completed.

Who it's for

  • Developers opening escrow for a new project
  • Developers whose escrow, sales and finance records no longer reconcile
  • Finance teams that need escrow drawdowns prepared correctly

Track record

Years in Dubai property development
12+
Projects handled
14+
Units registered
5,280+
TAS payments processed
AED 750M+
Receivables managed
AED 2.4B+
Units processed for default or termination
1,450+

Questions developers ask

What is an escrow account for an off-plan project in Dubai?

It is a dedicated bank account, opened with an approved trustee bank, that receives buyer payments for an off-plan project. Funds can only be used for that project's construction and related costs.

What does TAS mean on your website?

We use TAS to describe trust account payments: buyer instalments processed into and out of the project’s escrow (trust) account. Fifth Consultancy has processed over AED 750 million of these payments.

Can a developer withdraw escrow funds at any time?

No. Withdrawals are tied to project progress and must follow escrow regulations and the trustee bank’s process. A portion is typically retained until after completion.

Discuss your project with us

Send the form and a Fifth Consultancy specialist will get in touch to map your timeline and requirements.

Related services

Off-Plan Project Registration

Register your off-plan project with DLD, RERA, Trakhees or Nakheel. Fifth Consultancy prepares the project file, escrow and Oqood so you launch sales on time.

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Receivables Management

Collections and receivables management for Dubai off-plan developers. Fifth Consultancy manages AED 2.4B+ in receivables across registered projects.

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Oqood Management

Oqood activation and registration of off-plan sales with the Dubai Land Department. Fifth Consultancy manages Oqood for developers from first sale to handover.

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Let's consult now

Tell us about your project and a Fifth Consultancy specialist will map the regulatory pathway and timeline with you.

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