Avonlea at Rashid Yachts & Marina Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Avonlea at Rashid Yachts & Marina, account number 0205*****3707 (shown in full in the Escrow Details section above), opened under DLD project number 2838 when the project was registered in November 2023.

Mina Rashid Properties L.L.C is the Emaar Properties entity registered with the Dubai Land Department for the Rashid Yachts & Marina district, and it appears on the Avonlea records under DLD developer number 1275. Seeing that name rather than Emaar Properties on the project file, the inspection report, or the escrow documentation is normal and does not indicate a different escrow arrangement.

Avonlea sells on a 10/80/10 plan, so the booking payment and all construction instalments enter the escrow account first. The bank releases funds to the developer only against construction stages certified by inspection, and the final 10 percent falls due at handover, expected November 2027. Prices, sizes and the full schedule are set out on the Avonlea at Rashid Yachts & Marina project guide.

The inspection dated 21 July 2026 certified 63.71 percent completion, up from 45.89 percent at the previous inspection. Substructure, superstructure and internal works are at an advanced stage, while finishes, MEP, the external envelope and external works are progressing at different stages. Month by month detail is tracked on the Avonlea construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are still released only against certified progress, regardless of the calendar. Escrow protects the capital while the project completes; it does not itself compensate for delay, and any delay terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Avonlea at Rashid Yachts & Marina belongs in the DLD-registered escrow account 0205*****3707 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or an alternative company account, particularly one paired with a discount for paying directly, is the classic pattern of payment fraud no matter how official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before funds are sent.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. This is precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection. With 63.71 percent of construction already certified, Avonlea is well past the stage where cancellation is a realistic concern, though the safety net exists regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, Avonlea at Rashid Yachts & Marina is a freehold project, open to all nationalities.

The threshold for the 10-year Golden Visa is a property investment of AED 2 million. Avonlea one bedroom apartments start at AED 1.80 million (approx USD 490,000), which sits below that threshold, while two bedroom apartments from AED 2.50 million (approx USD 681,000) and three bedroom apartments from AED 3.68 million (approx USD 1.00 million) clear it. Qualifying options and application timing are covered in the Avonlea Golden Visa guide.