Artistry Two Residences Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Artistry Two Residences, account number 0204*****2034 (revealed in full in the Escrow Details section above). The same bank is recorded as the trust account bank on the RERA inspection report for DLD project number 4261, which was registered on 15 January 2026.

No. Every off-plan instalment for Artistry Two Residences belongs in the DLD-registered escrow account 0204*****2034 at Emirates NBD (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. Payment instructions that point anywhere else, whether to an individual, a brokerage or a company account with a similar name, are the typical signature of payment diversion fraud, and a discount offered for paying outside escrow is a further warning sign. The escrow details for project 4261 in Dubai REST and the Sales and Purchase Agreement are the two references any payment instruction has to match.

In the Dubai REST app, the project record sits under Services, then Project Status, and can be found by project number 4261 or by the name Artistry Two Residences. The record lists the project as Active with 235 units and carries its escrow details, where the bank reads Emirates NBD Bank (P.J.S.C) and the account number matches the one in the Escrow Details section above and in the Sales and Purchase Agreement.

The Artistry Two Residences plan is timed from the reservation date rather than from construction stages: 20% plus the 4% DLD registration fee within 14 days, 10% within 6, 12 and 18 months, and 50% upon handover. Instalments are paid into the escrow account on those dates, while the bank releases money to the developer only against construction progress recorded through DLD inspections, so payments made ahead of the build stay in escrow until that progress is recorded.

No. The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, calculated on the purchase price, not an instalment toward the unit, so it is not part of the construction money held in the Artistry Two Residences escrow account. It falls due at the registration step, within 14 days of reservation, together with the 20% first instalment, which brings that step to 24% of the purchase price.

The DLD register shows 0% progress for Artistry Two Residences at the reading dated 14 January 2026, taken one day before the project was registered on 15 January 2026, with the registered construction start of 9 February 2026 following after it. Because escrow releases to the developer follow construction progress recorded through inspections, that reading places the project at the start of its release cycle. Each later reading is tracked on the Artistry Two Residences construction updates page.

Yes. Money in the Artistry Two Residences escrow account stays there and continues to be released only against recorded construction progress, whatever the calendar says; the registered completion date in the DLD record is 9 February 2029. Escrow protects capital while the project completes but does not compensate for delay, and any delay terms sit in the Sales and Purchase Agreement. The 50% handover instalment is also due upon handover itself, so half of the price is not paid until the residence is delivered.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are paid out of the protected funds under DLD supervision. That protection covers money paid into the registered escrow account for project 4261; payments sent anywhere else sit outside it. The wider framework is covered in the Dubai Land Department guide.

Select Group's list of completed developments includes Six Senses Residences The Palm, Dubai on Palm Jumeirah, Jumeirah Living Marina Gate and The Residences at Marina Gate I & II in Dubai Marina, and 15 Northside in Business Bay. No Select Group project in d3 has been delivered yet: Artistry One Residences, the district sibling, is also an off-plan launch.

Select Global Development L.L.C, DLD developer number 972, is the developer entity registered against project 4261 in the Dubai Land Department record and on the RERA inspection report, while Select Group is the name under which the development is marketed. The registered entity, the developer number and the project number are the identifiers that match Artistry Two Residences in Dubai REST, which makes them the reference points for checking contract documents and payment instructions.