Emirates NBD

Real Estate – Banking Solutions and Escrow Services

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Our Fact Sheet

Total Assets

as of June 2017

Over

Strong Credit Ratings

AED Bn

Moody’s

Fitch’s

Capital Intelligence’s

Employees

A3A+A

Branch Network

221+ Branches

ATMs & Cash

Deposits machine1023+

Emirates NBD - Leading Banking Group in the region

Our Bank Profile

Owned by

the government

Delivers values across

Wholesale, Retail, private,

Islamic and Investment Banking

India

China Indonesia

Local & Regional Presence

UAE KSA Egypt UK Singapore

Emirates NBD - Leading Banking Group in the region

Largest Banking Group in

the M.E in terms of assets

Representative offices

• Have all government documents secured on a block chain network by 2020

• To create 1000 new work examples based on the use of block chain network

• Achieve Dubai’s global leadership in the development and application of block chain network

Dubai governments vision

Technology Trends in Real Estate

• Land Registry on Blockchain

• Data driven investing

Key Market Trends

• Investment of AED 500Mn over 3 years

• Innovation labs and in-house development

• Partnership with Fintechs and technology players

Innovation Lab - ENBD Future Labs

• Emirates NBD smart cheque

• Trade Network

• Open Account Trade and Financing

Emirates NBD Use Case

How are we Innovating?

• ICCS Collect

• Smart Cash Deposit Machines

• Cash, Cheque & Document Pick-up service

• PDC Warehousing

• Local Bill / Cheque Discounting

• Domestic & International Transfers

Delivery Channels – Branch, smartBUSINESS (Web & Mobile), smartSWIFT &smartCONNECT (Host-to-Host)

Cash Management Product Offering

Real Estate Escrow

Commercial Escrow

Owners Association

What We Offer Our Services:

• Audit Reports

• Providing MIS and Reports

• Online view access to Escrow Account

Escrow Service

• Advisory Services on Laws & Regulations.

• Managing Receivables and Payables

• Escrow Reconciliation Services

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To regulate developers and safeguard investors’ money in respect of off-plan property purchase in Dubai.

To protect the investor/buyers rights

To cover all project development costs only.

Ensures transparency and visibility of funds to all parties involved

Objectives of Real Estate Escrow Account

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Developer registers with RERA and request to

open Escrow accountSend NOC letter to open / activate the account

Bank confirms

once account is

activated

1 2

3

Investors Deposit Money in the accountInvestors register in Oqoodi4

Investors

Contractors

Developer

submits

payment

request

6

Pays contractor, broker, DLD etc7

DeveloperClosure request

8

RERA

approves A/C closure

9

Transfer of Profit / Reimbursements to Developer

5

10

Escrow Real Estate Stages

Why we are different in our Real Estate Escrow Services ?

People ProcessProduct/

Channels

Emirates NBD has been pioneer in the region to get RERA license to open real restate and owner association escrows.

We manage one of the largest portfolios for real estate. Our clients are dominant developers in real estate sector.

o ENBD experienced team

o Strong working relationship with the regulators

o Maintain agreed SLA for processing

o Provide operational excellance

o Escrow Management System available for ease in tracking and maintenance of project details

o Innovative Solutions (ICCS Collect, Mobile Banking, credit card payments, etc.)

Q & A