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Resource · Finance teams

Built for the people who reconcile the escrow

Unit escrow accounts, e-mandates and live payment tracking, shaped around the work your finance team already does.

For CFOs and finance directors

Same-day cash visibility per project: what was due, what landed, what is late.
Clean per-unit figures for releases, refunds and handover.
No change of escrow bank and no change of ERP.

For heads of accounts and accountants

The bank balance always equals the sum of the units — no suspense lines.
No more matching transfers line by line against SPAs.
Month-end close without escrow spreadsheets.

For credit control and customer teams

Live status for every payment: sent, in transit, received.
No more asking buyers for screenshots.
Failed payments flagged within a day, with a follow-up routine behind them.

How it works

01

Open unit escrow accounts

We set up an escrow account for every unit sold on one project, existing buyers included.

02

Move new bookings to direct debit

New buyers sign one mandate instead of handing over cheques. Buyers who prefer transfers pay into their unit's account.

03

Collect, match, report

Every instalment lands in escrow and is matched the same day. Failed payments are flagged within a day and retried.

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Your profit is booked. Your cash isn't.

Rasikh gives every unit sold its own escrow account and collects each instalment straight into it, matched to the buyer the day it lands. Instalment collection and escrow reconciliation for Dubai off-plan developers.

Escrow collections for Dubai off-plan developers

Escrow-compliant
Money never passes through Rasikh
Built on CBUAE-regulated rails
Shariah-compatible, fee-based

How it works

Open unit escrow accounts for every unit sold on one project.
Move new bookings to direct debit e-mandates instead of post-dated cheques.
Collect, match, report: every instalment lands in escrow and is matched the same day.

Questions your CFO will ask

Does buyer money pass through Rasikh?
Never. Money goes from the buyer's bank into the unit's escrow account. We only see payment data.

Do we need to change banks?
No. We work with your existing escrow bank.

Is a unit escrow account a separate legal escrow account?
No. Each project keeps one escrow account, as Dubai's escrow law requires. Each unit sold gets its own escrow account number under it, tied to its SPA, and Rasikh keeps a running balance for every unit.

What if a buyer prefers to pay by transfer or cheque?
Transfers go straight into the unit's escrow account and are matched automatically. Existing cheques continue as normal; new buyers can choose a direct debit mandate.

Can we see a payment before it reaches our account?
For e-mandate collections and instant bank payments, yes: you see every step. For ordinary transfers, you see 'Sent' when the buyer confirms on their payment page, and 'Received' the moment the money reaches the unit's escrow account.

Does this replace our ERP?
No. Your ERP stays the system of record; we send matched payment data into it.

Who pays?
You do, per successful collection, invoiced monthly. Nothing is deducted from instalments or escrow.

What if we want to stop?
No lock-in after the pilot. Ongoing contracts have 60-day notice.

Resources

Guides for off-plan developer finance teams in the UAE. Each guide opens with a short answer, then the detail, a FAQ and an updated date. General information, not legal advice. All guides .

Dubai off-plan escrow accounts, explained
Every off-plan project in Dubai has one escrow account at a DLD-approved trustee bank. Buyer payments must go into it, and releases follow certified construction progress.

Off-plan escrow in DIFC vs Dubai mainland: what's different
DIFC has its own property law and registry, separate from Dubai Land Department rules on the mainland. Developers should check which regime applies to each project. This page is under legal review.

Off-plan escrow in Abu Dhabi: a guide for developer finance teams
Abu Dhabi has its own off-plan and escrow regime, overseen by its real estate regulator, and projects use escrow accounts at approved banks. This page is under legal review.

Post-dated cheques vs direct debit for off-plan instalments
UAE direct debit e-mandates let buyers authorise instalments once online with UAE PASS, replacing stacks of post-dated cheques, and failed payments are reported by the bank.

Virtual accounts for escrow: matching every payment to its unit
A virtual account number per unit, under the project escrow account, identifies who paid on arrival. The money stays in the one legal escrow account.

Monthly escrow reconciliation checklist for developers
Ten practical steps: match receipts to units, clear unidentified receipts, reconcile the bank balance to the sum of unit balances, and prepare per-unit balances before handover.

Off-plan payment plans in the UAE
1% monthly, construction-linked and post-handover plans compared, and what each means for collections and escrow.

UAE off-plan and escrow glossary
Short definitions of escrow account, escrow trustee, Oqood, SPA, RERA, DLD, DIFC, ADREC, post-dated cheque, direct debit mandate, UAE PASS, virtual account, IBAN, reconciliation, handover, retention, release and post-handover payment plan.

Guides are written by Shamaz Khan, founder of Rasikh. Get a free payments health check: request one here .

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