KM Properties and NBD sign escrow account

The company earlier registered with the Dubai Land Department, making it one of the first private developers to embrace Law 8, which assures property buyers' confidence through a guarantee called escrow account. Sanjeer Joher, group chief operating officer at KM Holding, said that with its Dubai properties worth at least Dh1.3 billion, the company is looking to expand to Riyadh and Jeddah, in Saudi Arabia, and to the Indian cities of New Delhi and Bangalore.