310 Riverside Crescent Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for 310 Riverside Crescent, account number 0204*****5011 (shown in full in the Escrow Details section above). The account is tied to DLD project number 3067, registered with the Dubai Land Department on 29 May 2024.

No. Off-plan payments for 310 Riverside Crescent belong in the DLD-registered escrow account 0204*****5011 at Emirates NBD (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, a broker's account or a different company account, particularly one offering a discount for paying outside escrow, fits the usual pattern of payment fraud. Money sent that way sits outside the escrow protection described on this page.

The Dubai REST app shows it. In the Project Status service, a search for project number 3067 or the name 310 Riverside Crescent opens the project record, and its escrow panel lists the bank and the account number. Before any transfer, those two details are meant to agree with this page and with the escrow clause of the buyer's Sales and Purchase Agreement.

The 20% down payment and the 40% paid during construction go into the escrow account, where they are released to the developer only against construction progress recorded by DLD inspections. The final 40% is due on handover, expected in Q4 2027. The due dates of the construction instalments are written into each buyer's Sales and Purchase Agreement.

No. The 4% DLD registration fee is paid at booking to the Dubai Land Department, not into the escrow account. Escrow holds payments toward the purchase price; the registration fee is a government charge and never forms part of the escrow balance.

The DLD inspection dated 09 September 2026 recorded 50.23% construction progress; the previous reading on the register, shown without a date, was 44.51%. According to the RERA progress report for that inspection, the enabling works, foundations and substructure were complete and the superstructure, envelope, MEP and interiors were under way. Escrow releases follow these recorded readings. The full inspection history is kept on the 310 Riverside Crescent construction updates page.

The protection continues. Funds already in the escrow account stay there and are released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the project completes; it does not pay compensation for a later handover, and delay terms sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then handled from the protected balance under the supervision of the Dubai Land Department. That safeguard covers money paid into the registered account; payments sent anywhere else fall outside it. The regulatory framework behind it is covered in the Dubai Land Department guide.

Yes. Under the DLD escrow framework a retention portion remains in the account after completion to cover defect repairs, rather than being released to the developer with the final payments. The amount and holding period are not stated in the project documents behind this page; the terms that apply are those in the Sales and Purchase Agreement and the escrow regulations in force.

The Dubai Land Department register lists the developer of project 3067 as SOBHA L.L.C, and the project is marketed under the Sobha Realty name. Escrow releases for 310 Riverside Crescent go to that registered developer only against recorded construction progress.

Escrow protects purchase-price payments made into the registered account. It does not fix the handover date, does not hold the 4% DLD registration fee, and does not protect money sent to any other account. Build quality at handover is addressed through the retention and the terms of the Sales and Purchase Agreement, not by the escrow balance alone.