The Payment Dilemma: How Overseas Buyers Struggle to Secure Their Dream Home in the UAE

James, a UK-based investor, had his eyes set on a luxury apartment in Dubai. He was ready to close the deal but hit an unexpected roadblock—he didn’t have a local UAE bank account to issue a manager’s cheque. His excitement quickly turned into frustration as he searched for a solution. Without a manager’s cheque, the transaction was at risk of collapsing, leaving James and the seller in limbo.

For international buyers like James, purchasing property in the UAE comes with unique financial hurdles. Since most property transactions in the UAE require a manager’s cheque—a bank-issued payment instrument—offshore buyers often struggle to meet this requirement. Opening a local bank account is time-consuming and requires residency, making the process even more complex.

TrustIn: The Solution for Overseas Buyers

TrustIn eliminates the hassle of local bank account requirements by offering a dedicated manager’s cheque issuance service for international buyers. Now, you can secure your UAE property purchase without needing a local bank account.

How TrustIn’s Manager’s Cheque Solution Works

Escrow Transaction & Onboarding

Step 1 – The buyer signs up and creates a profile on the TrustIn platform, uploading KYC documents, completely online.
Step 2 – Upload necessary documents to our secure portal for review and approval by our compliance specialists.
Step 3 – Our team conducts KYC and AML verifications to ensure compliance and security.
Step 4 – A dedicated Relationship Manager is assigned to guide you through the process.

Funds & Instant Account Activation

Step 1 – Once the buyer’s profile is approved, an instant Escrow Account is created for the fund transfer process.
Step 2 – The buyer transfers the agreed amount into the escrow account from their overseas bank account, ensuring funds are securely held.

Request a Manager’s Cheque & Funds Transfer

Step 1 – Fund Transfer is executed to your TrustIn Escrow Account, held with Emirates NBD, one of the largest UAE banks.
Step 2 – Upon confirmation of funds and post-instruction from the buyer, TrustIn issues a Manager’s Cheque from the escrow account for all the required parties.
Step 3 – The Manager’s Cheque is ready for the real estate transaction, ensuring a smooth and timely payment.

Complete Transaction

Step 1 – Your Relationship Manager will assist in signing a Release Instruction, authorizing TrustIn to release the Manager’s Cheque.
Step 2 – We provide complete support until the transaction is successfully completed.

Why Overseas Buyers Trust TrustIn

No UAE Bank Account Required – TrustIn enables buyers to obtain a manager’s cheque without opening a local account.
Fast & Hassle-Free Transactions – The entire process is streamlined to avoid banking delays and ensure timely payments.
Secure & Transparent – TrustIn guarantees a safe and verified transaction process, reducing risks for buyers and sellers.

Seamless Manager’s Cheque Solutions for Property Deals

TrustIn offers a tailored real estate escrow and manager’s cheque issuance service designed specifically for non-resident/resident property buyers across the UAE, ensuring secure and seamless transactions.

Fast & Efficient – Issuance of manager’s cheques for residential real estate purchases within 24 hours.
Secure Transactions – End-to-end escrow platform ensuring compliance and protection.
Regulated Licensed Entity – TrustIn is regulated by FSRA ADGM, UAE for escrow services.
Seamless Fund Transfers – Affordable and reliable payment solutions for buyers, sellers, and property brokers.

Making UAE Property Transactions Easier for International Buyers

Traditionally, overseas buyers have struggled to meet the strict banking requirements for purchasing property in the UAE. Many faced roadblocks such as the need for a local bank account, lengthy application processes, and compliance challenges—making real estate transactions complex and frustrating.

With TrustIn’s manager’s cheque solution, these hurdles are now eliminated. International buyers can now securely obtain a manager’s cheque without the need for a UAE bank account. Our streamlined, fully digital process ensures quick approvals, fast cheque issuance, and complete transaction security.

If you’re an international buyer looking to invest in the UAE real estate market, TrustIn provides a simple, transparent, and reliable payment solution tailored to your needs.