Wafi Off-Plan Sales Platform

Linking Payments to the Approved Progress Schedule

We tie buyers' payments to engineering progress and the approved payment schedule, so escrow releases stay disciplined and every party is protected.

  • Professional Engineering Team
  • Fast Service
  • High Quality
  • Trusted Engineering Solutions
Linking Payments to the Approved Progress Schedule
Overview

What is this service?

Linking financial payments to the approved progress schedule on Wafi off-plan sales platform projects. Buyers' payments are transferred into the escrow account and released to the project according to the engineering progress percentage and the payment schedule agreed in the sales contract — never as arbitrary transfers. ABAK reconciles actual progress against the payment schedule and determines the amount due for release at each stage, imposing a financial discipline that protects developer and buyer alike.

Why do you need this service?

Payments track actual progress rather than arbitrary transfers.

Financial discipline that protects the buyer from paying ahead of delivery.

Orderly escrow releases stage by stage.

Financial and technical alignment that keeps the project moving.

How It Works

Service Preparation Steps

01

Payment schedule

The payment schedule in the sales contract is reviewed.

02

Progress percentage

The actual completion percentage for each stage is established.

03

Reconciliation

Progress is reconciled against the payments falling due.

04

Amount due

The amount due for release is determined.

05

Certification

The reconciliation is certified and filed with the escrow agent.

06

Follow-up

Releases are tracked across the project's stages.

What does the service include?

Review of the payment schedule in the sales contract.
Establishing the actual completion percentage for each stage.
Reconciliation of progress against the payments due.
Determining the amount due and certifying it to the escrow agent.
Quality & Compliance

Approved Standards & Codes

Escrow account regulations
Off-plan sales law (Wafi)
Real Estate General Authority (REGA) regulations

Frequently Asked Questions About This Service

Why aren't payments released in one go?

Because the escrow account exists to protect buyers' money: it releases only as much as has actually been built, following the payment schedule in the contract, so money never runs ahead of work at any stage.

What if progress falls behind the programme?

The instalment tied to it falls due later as well. That linkage is what makes keeping to the programme a direct financial interest for the developer rather than a paper obligation.

Who determines the amount due at each stage?

It is determined by reconciling the actual completion percentage — documented in an engineering report — against the approved payment schedule, then certified and filed with the escrow agent.

Why Choose abak?

We combine deep engineering expertise with high quality standards to deliver solutions you can trust.

Experienced Engineers

A team of certified consultants and engineers with long experience in the Saudi market.

High Quality Standards

Strict adherence to the Saudi Building Code and international engineering best practices.

Modern Engineering Solutions

We use the latest tools and technologies to deliver precise, efficient designs.

Professional Consultation

We listen to your needs and design the right solution for your project and budget.

Fast, Reliable Delivery

We commit to timelines and deliver our projects on schedule.

How It Works

How We Work With You

Clear steps from first contact to final delivery.

  1. 1

    Contact Us

    Reach us on WhatsApp or by phone and share your project details.

  2. 2

    Requirement Analysis

    We study your needs and set a clear, suitable engineering plan.

  3. 3

    Engineering Execution

    Our team executes the work precisely to the highest standards.

  4. 4

    Final Delivery

    We hand over complete deliverables with post-delivery support.

Ready to Start Your Project?

Reach our team now on WhatsApp and get a consultation tailored to your service.