Law of Selling and Leasing Off Plan Real Estate Projects
Art. 10Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The escrow account shall only be used for making disbursements for the licensed real estate
project, and the amounts deposited therein may not be attached for the benefit of the
developer's creditors.
2. The funds obtained by a developer or landowner for the purpose of financing a licensed
real estate project must be deposited in the escrow account. Disposition of such funds shall
be made in accordance with the provisions of this Law and the Regulations.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded