320 Riverside Crescent Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for 320 Riverside Crescent, account number 0204*****5013 (shown in full in the Escrow Details section above), linked to DLD project number 3088, which was registered on 30 May 2024. The 24 August 2026 RERA inspection report lists the same bank as the project's trust account bank.

Under the 60/40 plan, the 20% down payment and the 40% construction share are paid into the Emirates NBD escrow account first, and the bank releases funds to the developer only against construction progress recorded through DLD inspections. The remaining 40% is due on handover, expected in Q3 2027. How much of the construction 40% is already due at today's stage is set in each Sales and Purchase Agreement.

The DLD register reading dated 24 August 2026 is 56.67%, compared with an earlier, undated reading of 50.16%. The same inspection's RERA report notes that enabling, foundation and substructure works are complete, while structure works, the external envelope, MEP and internal finishes continue. Later readings are published on the 320 Riverside Crescent construction updates page.

In the Dubai REST app, the project sits under Services, then Project Status, and can be found by project number 3088 or by the name 320 Riverside Crescent. Its Escrow panel shows the bank as Emirates NBD Bank (P.J.S.C) alongside the escrow account number. Genuine details match the number in the Escrow Details section of this page and the one in the Sales and Purchase Agreement digit for digit.

No. The 4% DLD registration fee is a Dubai Land Department charge settled when the purchase is registered, and it never passes through the escrow account. The escrow account receives the price itself: the 20% down payment, the 40% during construction and the 40% on handover.

No. All off-plan payments for 320 Riverside Crescent belong in the DLD-registered escrow account 0204*****5013 at Emirates NBD (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to route money into a private account, an agent's account or a different company account, above all one that comes with a discount for paying outside escrow, matches the standard shape of payment fraud however genuine the letterhead appears. Such a request is tested against the Dubai REST escrow record and the SPA before any money moves.

The protection does not expire with the calendar. Money already paid stays in the Emirates NBD escrow account and is still released only against construction progress recorded through DLD inspections, whatever the date. The DLD register records progress readings, not a schedule, and only Sobha Realty can confirm the Q3 2027 handover quarter. Escrow preserves capital while the tower is completed but does not itself pay compensation for a later handover; those terms sit in the Sales and Purchase Agreement.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account, and refunds to buyers are handled from the protected funds under DLD supervision. That safeguard reaches only money paid into the registered account; anything sent elsewhere sits outside it. 320 Riverside Crescent is recorded as an active project, number 3088, and the safeguard applies at every stage of construction. The broader DLD framework is covered in the Dubai Land Department guide.

Yes. Dubai's escrow framework keeps a retention portion in the account after completion to cover defect repairs, so the developer does not receive every dirham the moment the building is finished. The size of that retention and how long it is held are not stated in the 320 Riverside Crescent documents reviewed for this page.

The escrow account protects capital paid into the registered account while the tower is built. It does not cover money sent to any other account, it does not compensate buyers if handover moves (those terms sit in the Sales and Purchase Agreement), and it does not guarantee a resale price or any investment outcome. The 4% DLD registration fee also sits outside it, because that fee goes to the Dubai Land Department.

320 Riverside Crescent is marketed by Sobha Realty, and the Dubai Land Department records the developing company for project 3088 under its registered legal name, SOBHA L.L.C. The same name appears on the 24 August 2026 RERA inspection report. A Sales and Purchase Agreement that names SOBHA L.L.C as developer and the Emirates NBD escrow account is consistent with the register.

The documented record for this project is its own DLD registration: construction started on 10 May 2024, the project was registered on 30 May 2024 as number 3088, and the register read 56.67% on 24 August 2026. Sobha Realty describes a backward-integration model in which design, engineering and contracting, material sourcing, craftsmanship and quality control are handled in house. Dated handovers of other Sobha Realty projects are not part of the 320 Riverside Crescent documents reviewed for this page.