Beach Mansion at Emaar Beachfront Escrow Account

Abu Dhabi Commercial Bank holds the project escrow account for Beach Mansion at Emaar Beachfront, account number 1065*****20035, shown in full in the Escrow Details section above. The account is registered against Dubai Land Department project number 2286 under developer number 1211, and it was opened as a condition of the project registration dated 28 September 2021.

Beach Mansion sold on an 80/20 plan: 12 percent on booking, the balance of the first 80 percent in instalments during construction, and 20 percent after completion in four payments of 5 percent every six months. Booking and construction payments were paid into the escrow account first, and Abu Dhabi Commercial Bank released funds to the developer only against construction stages certified by Dubai Land Department inspections. Those certified readings are tracked on the Beach Mansion construction updates page.

No. Payments toward Beach Mansion at Emaar Beachfront belong in the DLD-registered escrow account 1065*****20035 at Abu Dhabi Commercial Bank, the full number being shown 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 account or an alternative company account, particularly one paired with a discount for paying directly, matches the standard pattern of payment-diversion fraud however official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and against the details in the Sales and Purchase Agreement before funds are sent.

The Dubai Land Department publishes the project record through the Dubai REST app. Opening Services, then Project Status, and searching project number 2286 or the project name returns the project file, and the Escrow Account panel within it shows the registered bank and account number. Matching that panel against the escrow details in the Sales and Purchase Agreement, and against the account named on any payment instruction, is the standard verification step before a transfer.

The registered escrow account for project 2286 remains the account of record after handover, and a retention portion stays in escrow following completion to cover defect repairs. That is why post-completion instalments and any settlement figure are still matched against the registered details rather than against an account supplied in correspondence. How the department supervises project escrow accounts is explained in the Dubai Land Department guide.

A retention portion is held in the project escrow account after completion rather than released with the final construction payment, so funds stay available for defect repairs once residences are occupied. The practical effect for an owner is that the developer carries a financial reason to close out defects identified at handover. The amount retained and the period it is held for are set by the escrow framework and the project documentation, and the obligations attaching to an individual residence are written into the Sales and Purchase Agreement. How an independent defect inspection of a completed Beach Mansion residence works is covered in the Beach Mansion snagging inspection guide.