How off-plan home buyers are protected by Escrow

Off-plan buyers are, however, not without risk. One of the concerns off-plan purchasers have is that the developer will use their money correctly to carry out the construction work and complete their property. In the past, this has been an issue in the UAE, where some developers have sold property off-plan and received partial or full payment for the sale, but never commenced or completed construction of the project. To guard against this, the real estate market regulators have had to bring in regulations to protect the monies paid by off-plan investors.