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Dubai News Club > Finance > For what purposes are payments made from the escrow account?
Finance

For what purposes are payments made from the escrow account?

Press Room
Last updated: 2023/04/03
Press Room
Published: April 3, 2023
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A: The amounts are paid only from the escrow account, for the payment of contractors, consultants and marketing payments, and not all expenses incurred by the developer in connection with the project are eligible for payment from the escrow account. For example, 5% can be paid…

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