Regulated Real Estate Escrow Account solutions
Commercial Bank has become the first bank in Qatar to sign with the Real Estate Regulatory Authority (RERA) to provide regulated Real Estate Escrow Account solutions, in line with the latest real estate development regulations. Our escrow product is fully compliant with RERA guidelines and Qatar Central Bank regulations, ensuring that project funds are safeguarded and disbursed in line with construction progress and approvals.
Key Benefits
- Full compliance with RERA and Qatar Central Bank (QCB) regulations.
- Dedicated escrow account and support for each real estate project.
- Controlled payments aligned with project milestones and RERA approvals.
- Enhanced MIS reporting and reconciliation capabilities.
Simplified Reconciliation with Virtual Accounts
Our escrow solution is designed to simplify fund tracking and reconciliation through purchaser level virtual accounts:
- Each purchaser is assigned a unique virtual account IBAN, ensuring every collection is traceable.
- Full transaction details—including the purchaser’s name, amount—are captured and made available for your reporting needs.
- Online access through Commercial Bank’s Corporate Internet Banking (CIB) platform to your escrow account and virtual accounts for enquiry on credits purchaser wise.
For more information reach out to us at cashmanagement@cbq.qa or provide us with your details below and we will reach out to you.
/debit-cards/corporate-forms.png?h=512&iar=0&w=512&hash=7ED022E7EBF239F849D2B9A1290F1A28)
/debit-cards/corporate-internet-banking.png?h=512&iar=0&w=512&hash=8D8921470720F890CCED3D3793B4EC1E)
/debit-cards/corporate-mobile-banking.png?h=512&iar=0&w=512&hash=246E268892D08C02A892E516337E1E34)
/debit-cards/digital-account-opening.png?h=512&iar=0&w=512&hash=D1E43F3EAEFEE4940E64599AA2B00898)
/debit-cards/wages-protection-system.png?h=512&iar=0&w=512&hash=DC19F96302BFA42731CD02EC91F08E96)
/debit-cards/corporatesmecards.png?h=512&iar=0&w=512&hash=6A277888BCE4299870C55D5B9E9CF940)
/debit-cards/track-transaction.png?h=512&iar=0&w=512&hash=28261CA573035F9DD02C55D3253C36A2){kind=spacer}
/debit-cards/fund-transfer.png?h=512&iar=0&w=512&hash=3E5D72DA2B42616FEF64A3CBEAF5F8D0){kind=spacer}
/debit-cards/corporate-tarrif-of-charges.png?h=512&iar=0&w=512&hash=CB8FDB233B4DF753C4DFEC19E1F07DE6)
/debit-cards/corporate-terms-and-conditions.png?h=512&iar=0&w=512&hash=F9F84EDDD3463F203FF97AE52AFBD593)
/fees.png?h=512&iar=0&w=512&hash=EDB7F09948A93F61A56F46142C02CAD0)
/investing.png?h=512&iar=0&w=512&hash=28837458B550508A23BC48DAB4F42EB1)
/borrow.png?h=512&iar=0&w=512&hash=6BCE38466C46EC06420A2BBD44CBD6E9)
/operation-(1).png?h=512&iar=0&w=512&hash=A5A508D01B49B6CF80BDBF8E61A838ED)
/preorder.png?h=512&iar=0&w=512&hash=C2664C5B55D0B973A85C9CDDC9F90614)