---
title: "Source of funds"
canonical: https://www.uaepropertyagents.com/glossary/source-of-funds
markdown: https://www.uaepropertyagents.com/md/glossary/source-of-funds.md
type: glossary-term
description: "Source of funds is the documentary evidence showing where the money for a specific purchase came from, such as savings, a property sale or an inheritance."
publisher: "UAE Property Agents (Omnia)"
language: en-GB
usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting."
---

# Source of funds

> Source of funds is the documentary evidence showing where the money for a specific purchase came from, such as savings, a property sale or an inheritance.

Also known as: SOF, Proof of funds, Source of wealth.

## What Source of funds means for a buyer

Source of funds means the origin of the particular money being used to buy the property. It is requested under [AML](https://www.uaepropertyagents.com/glossary/aml) rules by banks, currency brokers, developers and estate agents, in the UAE and in your home country. A related term, source of wealth, asks the wider question of how you built your assets overall; larger purchases often prompt both.

What is accepted depends on the story the money tells:

- **Savings from income:** payslips or tax returns, plus bank statements showing the balance building up
- **Sale of a property or business:** the completion statement or sale agreement and the bank statement showing the proceeds arriving
- **Inheritance or gift:** a grant of probate or a signed gift letter, with the donor's own evidence
- **Investments:** portfolio statements and the record of the disposal
- **Borrowing:** the loan agreement, including any UK remortgage offer

Statements should cover enough months to show the money was in an account in your name and trace it through to the transfer.

UK buyers should expect questions at both ends. A British bank may pause a large payment to the UAE until it is satisfied, and the receiving side will ask again. Send from your own account, avoid third-party payers, and keep the documents together. Having the file ready before you reserve is the most reliable way to keep to a developer's deadlines.

## Related terms

- [AML](https://www.uaepropertyagents.com/glossary/aml): Anti-money laundering rules oblige UAE developers, brokers, banks and lawyers to verify who a buyer is and where the purchase money comes from.
- [KYC](https://www.uaepropertyagents.com/glossary/kyc): Know Your Customer is the identity and risk check a developer, broker or bank must complete on a buyer before accepting their money or instructions.
- [Escrow account](https://www.uaepropertyagents.com/glossary/escrow-account): An escrow account is a regulated, project-specific bank account into which off-plan buyers' payments must go, released to the developer only as building progresses.

## In depth

- [Buying UAE property from the UK: process, currency, mortgages and a budget in pounds](https://www.uaepropertyagents.com/guides/buying-uae-property-from-the-uk)


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Source page: https://www.uaepropertyagents.com/glossary/source-of-funds. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.