Building Completion Audit (Escrow)
Escrow release depends on verified construction progress. Western VAS provides independent completion audits that escrow agents, lenders and authorities trust — certifying drawdown at each milestone under Dubai's off-plan escrow regime.
- Progress Verification — independent confirmation of works physically completed on site against the construction programme
- Cost-to-Complete — assessment of remaining spend required to finish the development
- Drawdown Certification — verification supporting escrow release at each milestone
- Variance Tracking — actual progress and spend measured against the approved plan and budget
- Escrow Compliance — meet RERA escrow account requirements under Dubai's off-plan property law.
- Drawdown Release — provide the independent certification escrow agents require before releasing funds.
- Stakeholder Protection — safeguard buyers' and financiers' funds against over-drawing ahead of progress.
- Project Monitoring — give lenders and developers an accurate, ongoing view of build status and cost.
- Dispute Prevention — an independent record of progress that pre-empts disputes between parties.
Western VAS delivers building completion audits for escrow in Dubai as an independent, RICS-regulated practice, so that every certification is impartial and reliable. Escrow agents, financiers and developers rely on an audit free of any interest in the funds being released.
Under Dubai's escrow regime for off-plan developments, funds are released in stages against verified construction progress. We carry out independent site inspections to confirm the works actually completed, measure them against the approved construction programme, and assess the cost of works remaining. Each milestone is reviewed objectively before certification.
The result is a clear, defensible drawdown certificate that escrow agents and lenders rely on to release funds — protecting buyers' deposits and financiers' exposure while keeping the project moving. Each audit is delivered promptly to avoid holding up the construction cashflow.
- 1 · Share the project — tell us the development, escrow structure and milestone schedule; we confirm the audit scope.
- 2 · Inspect & measure — we verify completed works on site against the programme and assess cost-to-complete.
- 3 · Certify drawdown — you receive an independent completion certificate supporting release of the milestone tranche.
Independent & RICS-Regulated
Impartial certification, free of developer or contractor influence.Engineering-Led Verification
Physical site inspection and measurement of completed works — not a paperwork review.Cost Discipline
Accurate cost-to-complete assessment, so funds released match works delivered.Prompt Turnaround
Milestone audits delivered without delay, keeping construction cashflow moving.What is a Building Completion Audit for escrow?
It’s an independent verification of construction progress on an off-plan development, carried out to support the release of funds from the project’s escrow account. It confirms the works completed and certifies that drawdown at each milestone is justified.
Why is an escrow audit required in Dubai?
Under Dubai’s off-plan escrow regulations, buyer payments are held in a project escrow account and released to the developer only against verified construction progress. An independent audit provides the certification the escrow agent needs to release each tranche.
What does the audit verify?
The physical works completed on site against the approved construction programme, the percentage of completion, and the cost of works remaining. We measure actual progress objectively, not from developer reports alone.
Who relies on the completion audit?
Escrow agents and account trustees releasing funds, financiers monitoring their exposure, and developers needing certified drawdown — alongside the regulator overseeing buyer-fund protection.
How often are audits carried out?
At each escrow drawdown milestone, in line with the project’s payment and construction schedule. Frequency follows the release stages defined for the development.
Why must the audit be independent?
Because the party drawing the funds (the developer) cannot verify its own progress. An independent, RICS-regulated audit protects buyers’ deposits and financiers’ funds by ensuring money is released only against works genuinely completed.
Do you assess the cost to complete the project?
Yes. Alongside verifying completed works, we assess the remaining cost to finish — a key check that the funds left in escrow are sufficient to complete the development.
How quickly do you turn around a milestone audit?
Promptly — we understand that certification sits on the critical path for the developer’s cashflow. Timelines are agreed upfront and met, so drawdown isn’t delayed.