Question Details

Waseem Baig, Other/Just Looking in dubai, uae

Can individuals open an escrow account? What are the account opening formalities?

Asked by Waseem Baig, dubai, uae Sat Jan 19, 2008

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Dubai! There is a place I wish to do business. With the weakening Dollar I would have to assume that people in Dubai may well be looking to do business here in the US. Are you looking to buy in the US Waseem? If it is in Dubai I can not say but most countries offer an Escrow system for the neutral deposit of funds.

You need a property or reason to open an escrow usually. They are not like a bank. So you need a contract to buy something like a hoem or a boat etc.. than the escrow gets opened.

yes Individuals can open an account. Call the escrow and ask them. There are many online escrows as well available.

Maybe you can clarify what you are trying to do and I can help you.

You may reach me at or through this site.

I would be happy to advise you anyway that I can.

Best wishes for your Success!


Dirk T Knudsen
Re\max Hall of Fame
#1 rated Re\Max team in Oregon
"The Real Estate Doctor"
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0 votes Thank Flag Link Sat Jan 19, 2008
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