Beach Isle at Emaar Beachfront Escrow Account

Mashreq Bank Psc holds the DLD-registered escrow account for Beach Isle at Emaar Beachfront, account number 0190*****648 (shown in full in the Escrow Details section above), recorded against DLD project number 2207 and opened when Emaar Development P.J.S.C. registered the project on 29 January 2020.

Releases followed certified construction progress rather than the developer's own schedule. Money paid by buyers accumulated in the trust account at Mashreq Bank Psc, and the bank released tranches to Emaar only as Dubai Land Department inspections independently certified each stage of works on site. The final inspection on that cycle, dated 2 May 2023, certified Beach Isle at 100 percent.

No. Off-plan payments on this project were required by law to enter the DLD-registered escrow account 0190*****648 at Mashreq Bank Psc (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 offering a discount for paying outside the registered channel, is the standard pattern of payment diversion fraud regardless of how official the paperwork appears. The correct response is to stop, open the project record in Dubai REST, and compare the account it shows against the account on the instruction before any money moves.

Oqood is the Dubai Land Department register for off-plan sales. Each Beach Isle unit was recorded on it at the point of purchase, which linked the buyer, the unit and the project escrow account together in the department's own records. That registration is what makes an off-plan interest verifiable at the department rather than a private arrangement between buyer and developer.

Because the building is finished and the DLD record shows the project status as Finished, a purchase is registered as a completed property transfer rather than an off-plan interest. The transaction is settled at a Dubai Land Department transfer appointment and the title deed is issued in the buyer's name at that point, in place of the Oqood registration used during construction.

The Dubai Land Department registration fee is 4% of the purchase price and is payable on registration, in addition to the price of the property itself. It applies to the transfer of a completed Beach Isle apartment in the same way it applied to off-plan registrations during construction. How the department charges and regulates registration across the market is covered in the Dubai Land Department guide.

The escrow structure protects capital rather than compensating for lost time. Funds stayed in the trust account and continued to be released only against certified progress, so a slipped date could not accelerate the developer's access to buyer money. Any compensation or penalty for late delivery is a contractual matter set out in the Sales and Purchase Agreement, not a function of the escrow account. In the event, Beach Isle reached its registered completion date of 30 April 2023 with certified progress at 100 percent.

The details can be checked in the Dubai REST app published by the Dubai Land Department: open Services, then Project Status, search project number 2207 or the project name Beach Isle, and open the Escrow Account panel to read the bank name and account number held in the department's own record. The same details also appear in the escrow clause of the Sales and Purchase Agreement, and the two should match exactly.

No. The project is recorded as Finished in the Dubai Land Department register, the RERA progress status reads Completed, and construction instalments closed with the 2 May 2023 inspection certifying 100 percent, which is tracked on the Beach Isle construction updates page. The account remains the registered reference on the project file, which is why the number still matters as a check against fraudulent payment requests even though no construction instalments run through it now.

The most direct evidence is the project itself: registered on 29 January 2020, certified at 100 percent on 2 May 2023, and closed out on its registered completion date with the building completion certificate received on 16 March 2023 and the civil defence certificate on 22 February 2023. Beyond this address, Emaar has continued to take Dubai projects through the same escrow and inspection framework to handover, including Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024. Those are deliveries from across the developer's Dubai portfolio rather than sibling phases inside Emaar Beachfront.