What is an Escrow Account in Dubai?

Running high-value transactions in Dubai’s real estate sector smoothly and securely is a big question. The Escrow Account in Dubai plays a vital part in this. An escrow account is basically a legal arrangement where a neutral third party temporarily holds money or property until a specific condition is met. For example, completion of a purchase agreement. This ensures that the obligations of both parties, buyer and seller, are duly met in the transactions. Learn more about escrow accounts in Dubai from the experts at Shuraa.