In Dubai, escrow accounts have been a staple in the financial landscape for years, primarily serving to protect investors in the real estate sector. They ensure that the buyer's investment is protected during the construction phase. Escrow accounts are particularly utilized for off-plan projects, where payments are deposited. The funds remain safely in the account until all predetermined obligations are met.

These accounts are regulated under Law No. 8 Concerning Escrow Accounts for Real Property Development in the Emirate of Dubai, effective from June 28, 2007. This law mandates every developer selling off-plan properties in Dubai to establish an escrow account.

The Real Estate Regulatory Agency (RERA) and Land Department oversee and regulate Escrow Accounts in Dubai.

Dubai Land Department (DLD) is a government institution that monitor all real estate dealing. DLD transfer fees of 4% from the property value must be paid every time there is a property transfer to the new owner or investor in Dubai. 

The Government of Dubai has specified that all property transactions, be it land, industrial buildings or residential property, must be processed through the Land Department. This Department must document and register all transactions via its electronic systems following a detailed set of procedures.