Baystar by Vida at Rashid Yachts & Marina Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for Baystar by Vida at Rashid Yachts & Marina, account number 1275*****30003 (shown in full in the Escrow Details section above). The account sits under DLD project number 4002, registered on 28 July 2025, and the same bank is named as the trust account bank on the Independent Progress Monitoring Report dated 16 June 2026.

The Baystar by Vida escrow account is a DLD-registered trust account for project 4002. Buyer payments toward the project's off-plan apartments are held there rather than in the developer's general accounts, and the account is supervised by the Dubai Land Department. The developer, Emaar Properties, registered as Mina Rashid Properties L.L.C (developer number 1275), can draw funds only against construction progress certified by inspection.

Funds leave the Baystar by Vida escrow account only against construction stages certified through DLD inspections. The inspection dated 16 June 2026 certified 6.3% progress, up from 0.42% at the previous inspection, with enabling and piling works found progressing, so most construction-linked releases from the account still lie ahead. Each new certified reading is tracked on the Baystar by Vida construction updates page.

No. Every off-plan payment for Baystar by Vida belongs in the DLD-registered escrow account 1275*****30003 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), matching the details recorded in the Sales and Purchase Agreement. A request to route money into an individual's account, a broker's account, or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however official the paperwork appears. The escrow account shown in Dubai REST for project 4002 and the one in the Sales and Purchase Agreement are the two references any such request is tested against.

Oqood is the Dubai Land Department's register for off-plan sales. Once a Baystar by Vida booking is made and the Sales and Purchase Agreement is signed, the sale is recorded in Oqood against project 4002, the same registered project whose escrow account is held at Abu Dhabi Commercial Bank. That registration places the buyer's apartment on the government record of an escrow-supervised project, and it is the step to which the 4% DLD registration fee applies.

The 4% DLD registration fee is a Dubai Land Department fee for registering the sale, due at booking alongside the 10% down payment on the launch schedule of record for Baystar by Vida. It is separate from the purchase price: the escrow account for project 4002 holds the price instalments that fund construction, while the registration fee covers recording the sale with the DLD.

No. The escrow account protects capital, it does not compensate for delay. If Baystar by Vida runs past its Q4 2029 handover, the funds stay in the account and are still paid out only as progress is certified, whatever the calendar says. The registered completion date on the DLD record is 31 December 2029, and any delay 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 paid from the protected balance under DLD supervision. That protection covers money paid into the registered Baystar by Vida account at Abu Dhabi Commercial Bank; money sent anywhere else sits outside it. The wider off-plan framework is described in the Dubai Land Department guide.

The escrow details for Baystar by Vida are public in the Dubai REST app: under Services, then Project Status, a search for project number 4002 or "Baystar by VIDA" opens the project record, and its Escrow Account panel shows the bank as Abu Dhabi Commercial Bank together with the account number. The same account appears in the escrow details of each buyer's Sales and Purchase Agreement, and the two are expected to match exactly.

The closest completed benchmark is Seagate, an Emaar building inside Rashid Yachts & Marina handed over in September 2025. Emaar's other recent Dubai handovers include Creek Palace (March 2026), June (June 2025) and Bliss (November 2024), each taken through the Dubai escrow and inspection cycle to completion. Emaar reports approximately 118,400+ residential units delivered in Dubai and other global markets since 2002.