ADGM Rules (repealed) · Abu Dhabi Global Market
Off-Plan Development Regulations (Project Account) Rules 2024
A reference record of Off-Plan Development Regulations (Project Account) Rules 2024, drawn from the instrument's own official text. It sets out how the law is organised — its Parts, its section count and its length — and links to the text itself. It does not interpret the law or offer advice on it.
At a glance
| Citation | Off-Plan Development Regulations (Project Account) Rules 2024 |
| Instrument type | ADGM Rules (repealed) |
| Enacted | 2024 |
| Jurisdiction | Abu Dhabi Global Market |
| Parts | 10 |
| Numbered sections | 44 |
| Chapters | 0 |
How Off-Plan Development Regulations (Project Account) Rules 2024 is organised
The 10 Parts below are the instrument's own divisions, in the order the official text sets them out.
| Part | Heading |
|---|---|
| Part 1 | Off-Plan Sales And Phased Development |
| Part 2 | Register Of Account Banks |
| Part 3 | Account Bank |
| Part 4 | Project Account Agreement |
| Part 5 | Managing The Project Account |
| Part 6 | Audit Of The Project Account |
| Part 7 | Powers Of The Registrar |
| Part 8 | Transition Period In Respect Of Al Reem Island |
| Part 9 | Contraventions |
| Part 10 | General |
What Off-Plan Development Regulations (Project Account) Rules 2024 covers, section by section
The 44 section headings below are the instrument's own, reproduced in its order. They are a map of the law, not a summary of it — for the wording of any article, read the official text.
- Requirement to establish Project Accounts
- Register of Account Banks
- Contents of the Register of Account Banks
- Maintenance, publication and inspection of the Register of Account Banks
- Account Bank registration criteria
- Application for registration
- Licenses and other approvals
- Relation with the Registrar
- Notification of changes and events
- Requirement to enter into a Project Account Agreement
- The form of the Project Account Agreement
- Amounts deposited in the Project Account
- Engineering Auditor
- Use and disbursement of funds deposited into the Project Account
- The retention amount
- The profits of the Off-Plan Project
- Charges, pledges and taking security over the Project Account
- Obligation to notify
- Project Account closure
- Quarterly and annual reports
- Powers of the Registrar
- Registrar’s power to request further information and documents
- Registrar’s power to waive any conditions or requirements under these Rules
- Registrar’s powers in respect of training requirements
- The Registrar may state a case
- Developers
- Account Banks
- Further extensions of time
- Sanctions
- Warning Notices
- Decision Notices
- The Registrar’s procedures
- Right to refer a Decision Notice to the Court
- Access to materials
- Protected Items
- Publication
- Censure statements
- Prohibition orders
- Enforceable undertakings
- Referral to the UAE Central Bank
- Fines
- Defined terms
- Reference
- Short Title, extent and commencement
Primary sources
Everything on this page comes from these two. Links go to the issuing legislator.
Acting on Off-Plan Development Regulations (Project Account) Rules 2024
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