In line with Dubai’s advanced real estate regulatory framework and its commitment to investor protection, this three-day professional training program delivers a comprehensive understanding of Real Estate Projects Trust Accounts and the Trust Account System (TAS).
The program is designed to provide participants with in-depth regulatory knowledge and practical system expertise required to manage real estate trust (escrow) accounts in full compliance with Law No. 8 of 2007, RERA regulations, and Dubai Land Department requirements. It combines legal foundations, operational processes, and hands-on system workflows to ensure best practices across the entire project lifecycle.
Program Objectives
Upon successful completion of this program, participants will be able to:
- Interpret and apply real estate trust account laws and regulations with confidence.
- Manage the complete lifecycle of a project trust account, from registration to closure.
- Execute trust account operations efficiently using the Trust Account System (TAS).
- Process and monitor inflow and outflow payments in accordance with regulatory approval cycles.
- Prepare accurate financial, audit, and monthly reports.
- Strengthen coordination between developers, banks, auditors, and regulatory authorities.
Module 1: Legal & Regulatory Environment
- Overview of Dubai’s real estate regulatory landscape
- Law No. 8 of 2007 and Trust Account Regulations
- Roles and responsibilities of developers, trustees, auditors, banks, and regulators
- Investor protection mechanisms and compliance requirements
Module 2: Trust Account Lifecycle Management
- Trust account opening and activation procedures
- Registration and re-registration of real estate projects
- Change of project developer
- Project cancellation procedures
- Project subdivision and name change requests
Module 3: Trust Account Financial Transactions
- Escrow account transfer applications
- Project profit withdrawal procedures
- Administrative, marketing, and VAT cap variation requests
- Mortgage deposits into trust accounts
- Requesting, managing, and cancelling bank guarantees
Module 4: Audit, Governance & Compliance
- Audit scope of project books (Revenue and Cost Statements)
- Roles of account trustees and auditing companies
- Approval, renewal, and cancellation of trustees and auditors
- Risk management and compliance controls
Module 5: TAS Overview & System Architecture
- Introduction to the Trust Account System (TAS)
- Stakeholders, access roles, and system permissions
- Automated approval workflows and validation mechanisms
- Online tracking of project progress and financial transactions
Module 6: TAS Project & Payment Processes
Project Processes
- Project registration and activation requests
- Project cancellation and cap variation requests
In-Flow Payment Requests
- Developer equity payments
- Mortgage payments
- Partner and investor equity fund payments
- Buyer payments
- Interest, profit, and retention payments
Out-Flow Payment Requests
- Construction and infrastructure payments
- Management and marketing/sales payments
- Reimbursement and loan payments
- Transfer payments (Completed to Active / to Amanat-DLD)
- Refund payment requests
Module 7: Reporting & Performance Management
- Monthly report preparation process
- Performance bond and advance payment procedures
- Best practices for system-based financial monitoring
Target Audience
- Bank officers and trust account administrators
- Trust account agents and trustees
- Real estate developers and project finance managers
- Auditors, compliance, and risk professionals
Learning Outcomes
Participants will graduate with a holistic, end-to-end understanding of real estate trust account regulations and TAS operations. The program enables professionals to manage escrow accounts with accuracy, transparency, and regulatory confidence, supporting sustainable and investor-focused real estate development in Dubai.
