Align your Escrow Trust Account with RERA
The Real Estate Property transactions in Dubai have become more transparent through its mandatory Real Estate Regulatory Agency (RERA) compliance regulations. The banks in the Middle East are in the process of streamlining their Escrow Trust Accounts in line with Dubai Land Department, as trustees for multiple stakeholders.
Ascent Escrow ProMart© is an end-to-end Project and Property Lifecycle Management solution, which is highly customizable and incorporates entire life cycle support for property based finance management with automatic transitioning to corresponding phases.
Our Escrow Management Software is built with business users in mind, designed by seasoned banking professionals in the Middle East, who understand different usage, scenarios and requirements at the ground level. The software maintains compliance with RERA mandates.
The property financing solution incorporates and manages different levels of stakeholders like Masters Stakeholders, Developers, Builders, Contractors, Buildings and End Unit Buyers.
It provides a comprehensive overview to manage all the set of stakeholders and cash flows like leasing, rentals & free-hold. It is also capable of maintaining all the end units and entities at a granular level.