Property Developers Share Sales Processes in Dubai

Dubai developers have stringent anti-money laundering (AML) and combating financing of terrorism (CFT) measures in place for property investors. They conduct thorough due diligence on buyers to ensure the legitimacy of funds used for purchases. This is not only a legal requirement but also a safeguard for the developers' own protection.

The UAE has tightened real estate investment rules, requiring property agents, brokers, and law firms to report cash transactions worth Dh55,000 and above to the UAE's Financial Intelligence Unit. Developers use specialized software to manage regulatory AML/CFT compliance, which is fully compliant with FATF standards and aligned with the UAE's National Risk Assessment and Regulatory Requirements.

Developers accept various payment methods, including cash and cryptocurrencies, but these funds must be transferred to the project's escrow accounts through UAE financial institutions that conduct their own due diligence. There is no limit on the use of cash or cryptocurrencies, as long as the funds are legitimate and accepted by the financial institutions. Developers also have internal policies, such as limiting the number of units per bulk buyer, to manage financial risks.