Escrow Account (حساب الضمان) OversightThat Keeps Your Off-Plan Launch on Schedule
Independent escrow account verification, construction cost disbursement auditing, and quarterly statutory reporting to REGA via the WAFI platform (منصة وافي) and system (نظام وافي) — required for every off-plan sale or lease project. We also support developer qualification (تأهيل المطور العقاري) and off-plan sale licensing (ترخيص البيع على الخارطة).
Why this matters
A real estate developer's finance or legal lead, planning an off-plan launch and needing a REGA-licensed escrow overseer in place before it can proceed.
- Is the firm actually REGA-licensed for this specific work
- Will reporting delays hold up disbursements to contractors
- Someone who understands construction cash flow, not just accounting
Our Methodology
- 1.Escrow account setup verified against REGA requirements
- 2.Construction milestones confirmed before any disbursement is authorized
- 3.Quarterly statutory reporting filed to REGA
- 4.Oversight continues through project completion, not just launch
Why Entry Post CPA
Licensed via the General Real Estate Authority (REGA) for WAFI (وافي) escrow oversight
Pre-marketing financial document review — auditing the financial documentation required before a project can begin marketing off-plan units, not just ongoing escrow oversight after launch
Both founding partners, Nora and Abdullah Al Daraan, personally completed REGA's off-plan escrow oversight training program
Payment disbursement sign-off under Article 8 of the Escrow Account Bylaws, issued under Resolution No. 220 dated 9/3/1439H (27/11/2017)
Quarterly statutory reporting to REGA via منصة وافي / نظام وافي
Developer qualification (تأهيل المطور العقاري) and off-plan sale license (ترخيص البيع على الخارطة) support for new developers entering escrow oversight
REGA-licensed oversight led directly by partner Nora Al Daraan
Frequently Asked Questions
Is REGA licensing actually required for this, or can any CPA firm do it?
It's a specific qualification — both of our founding partners personally completed REGA's required off-plan escrow oversight training program. Not every accounting firm holds it.
What happens if our escrow reporting is late?
Contractor disbursements can be held up — we structure the reporting cadence around your construction milestones.
Do you only work with large developers?
No — we work with any off-plan sale or lease project that requires escrow account oversight under WAFI, regardless of developer size.
Can you help with developer qualification before we even reach the escrow stage?
Yes — developer qualification and off-plan sale licensing support is available for developers preparing to launch their first project.
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