340 Riverside Crescent Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for 340 Riverside Crescent, account number 0204*****5019 (the full number is revealed by the Show button in the Escrow Details section above). The account is recorded against DLD project number 3082, which the Dubai Land Department registered on 29 May 2024.

The record sits in the Dubai REST app under Services, then Project Status, where a search for project number 3082 or the name 340 Riverside Crescent opens the project file. Its escrow panel names Emirates NBD as the bank and shows the account number, which is the reference that a payment instruction, this page and the Sales and Purchase Agreement all have to agree with.

Buyer payments collect in the escrow account, and the bank releases them to the developer in stages tied to construction progress recorded by DLD inspections rather than to the payment calendar. The latest reading on the Dubai Land Department register is 55.02 percent, from the inspection dated 18 August 2026, compared with a previous reading of 42.95 percent that the register shows without a date. The inspection history is tracked on the 340 Riverside Crescent construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department alongside the 20% down payment and never enters the escrow account, so it is not part of the protected balance. The escrow account at Emirates NBD holds the plan payments themselves.

No. Every off-plan payment for 340 Riverside Crescent belongs in the DLD-registered escrow account 0204*****5019 at Emirates NBD (the full number is revealed by the Show button in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offered with a discount for paying outside escrow, matches the usual pattern of payment fraud however genuine the paperwork appears. Such a request can be tested against the escrow record in Dubai REST and the escrow details in the Sales and Purchase Agreement, and money sent outside the registered account sits outside its protection.

The protection does not run out with the calendar. Money already paid stays inside the escrow account, and any further release still depends on recorded construction progress, whatever the final handover date turns out to be. Escrow protects capital while a project is built; it does not compensate buyers for a later handover, and any delay terms sit in the Sales and Purchase Agreement.

Should the Dubai Land Department cancel a registered project, RERA takes control of the escrow account, and refunds to buyers are paid from the protected funds under DLD supervision. That safeguard reaches only money paid into the registered account, which is why a payment sent anywhere else falls outside it. The DLD framework for cancelled projects is set out in the Dubai Land Department guide.

The Dubai Land Department register lists the developer of project 3082 as SOBHA L.L.C, while the project is marketed under the Sobha Realty name. SOBHA L.L.C is the developer name shown in Dubai REST and on the project's RERA progress report.

Yes. A retention portion of the escrow stays in the account after completion to cover the repair of defects found once owners take possession. The 340 Riverside Crescent documents do not state the retention amount or its release period; those terms follow the Sales and Purchase Agreement and the DLD framework.

The escrow account protects payments made into it while the tower is built. It does not guarantee the Q4 2027 handover date, compensate for a later handover, or cover money sent to any other account. The 4% DLD registration fee sits outside it, and it makes no promise about future resale or rental values.

The firmest record for this tower is its own register entry: construction started on 10 May 2024, the project was registered on 29 May 2024, and the register read 55.02 percent at the 18 August 2026 inspection, with enabling, foundation and substructure works complete. Sobha Realty's brochure presents the company as handling design, engineering, contracting, materials, craftsmanship and quality control itself rather than through outside firms; that description is the developer's own, not an independent assessment.