escrow account “off-plan sale” (Wafi)
Ideal solution for secure settlements during real estate off-plan sales.
Escrow Account (Off-Plan Sale) was designed to suit the needs of Real Estate Developers (RED) and provide many banking services, in compliance with the rules and regulations of (Wafi) the Off-Plan Sales or Rent Program The Client will be able to monitor and manage incoming and outgoing project’s payments throughout a cutting-edge dashboard and reporting tools, to reach full clarity of project’s financial position.
Key Characteristics and Benefits:
- Substantial savings in time & money.
- Digital solution to avoid manual process.
- The solution adheres to all WAFI requirements.
- Cutting-edge dashboard.
- Reporting mechanism will grant the developers a clear overview of their projects.
- Multiple Project schemes.
Escrow Account “Off-Plan Sale” within Al Rajhi Business:
- Electronic upload for the documents.
- Funds Request.
- Create Real Estate Units.
- Download Monthly & Quarterly Reports.
- Download Bank Certificates.
- Financial Inquiry.
- Escrow Account Status.