Dubai’s real estate sector has established a strong regulatory framework to protect investors and ensure transparency in project financing and fund management. This comprehensive course provides participants with practical and regulatory knowledge of Real Estate Project Trust Accounts and the Trust Account System (TAS), covering project registration, payment workflows, financial controls, compliance requirements, and reporting procedures in accordance with the applicable regulations.
This course merges the regulatory framework of Real Estate Project Trust Accounts with the operational workflow of the Trust Account System (TAS).
Learning Objectives
· Understand Law No. 8 of 2007 and trust account regulations.
· Manage escrow and trust account operations using TAS.
· Handle project registration, amendments, and cancellation requests.
· Process payment approvals and fund release workflows.
· Prepare financial and audit reports for compliance.
Course Structure
Module 1 – Regulatory Framework & Trust Accounts
· Overview of trust account regulations and Law No. 8 of 2007
· Roles of developers, banks, auditors, and RERA
· Trust account governance and compliance
Module 2 – Account Lifecycle & Project Management
· Escrow account opening and activation
· Project registration and re-registration
· Project cancellation and activation requests
· Project name changes, subdivision, and cap amendments
Module 3 – TAS Operations & Workflow
· Introduction to TAS
· Approval cycle and workflow management
· Developer, mortgage, buyer, and investor payment requests
· Interest/profit and retention payment requests
Module 4 – Payment Release & Transactions
· Construction and infrastructure payments
· Management, marketing, and reimbursement payments
· Loan, transfer, and refund requests
· Performance bond and advance payment process
Module 5 – Reporting, Audit & Compliance
· Monthly reports and financial statements
· Audit scope and project books review
· Compliance monitoring and best practices
