Beach Walk Residence 4 Escrow Account

The Beach Walk Residence 4 escrow account is held at First Abu Dhabi Bank P.J.S.C. under account number 1091*****8110050 (the unmasked number is in the Escrow Details section above), linked to DLD project number 3707, which entered the Dubai Land Department register on 02 May 2025.

Beach Walk Residence 4 runs on a date-based 60/40 plan: 20% on booking, six instalments of 5% to 10% between 15 August 2025 and 15 March 2027, and 40% on completion. Every instalment is paid into the escrow account first, and the bank releases money to the developer against construction progress recorded for the Dubai Land Department, not against the payment dates. By 15 October 2026, booking plus five dated instalments, 55% of the price, had fallen due; the next 5% falls due on 15 March 2027, and the remaining 40% is payable on completion, with handover expected in Q2 2027.

No. The 4% DLD registration fee for Beach Walk Residence 4 is paid to the Dubai Land Department at the booking stage, alongside the 20% booking payment, and it is not held in the escrow account. Only payments toward the purchase price go into the escrow account that First Abu Dhabi Bank holds for project 3707.

The DLD register recorded 42.87% construction progress for Beach Walk Residence 4 on 13 August 2026, after an earlier reading of 34.14% for which the app gives no date. Releases to the developer are tied to the recorded stage of the building rather than to the amount buyers have paid in, so each new reading is what opens the next release. By the RERA inspection of 13 August 2026, enabling, piling and foundation works had been finished, and substructure, superstructure, internal works and MEP works were under way. Each reading is tracked on the Beach Walk Residence 4 construction updates page.

No. Every off-plan payment toward Beach Walk Residence 4 belongs in the DLD-registered escrow account 1091*****8110050 at First Abu Dhabi Bank (unmasked in the Escrow Details section above), as written in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one sweetened with a discount for paying outside escrow, matches the usual pattern of payment fraud however genuine the paperwork appears. The safe reference point for any such request is the escrow account shown for project 3707 in Dubai REST, together with the escrow details in the agreement.

The account is listed in the Dubai REST app under Services, then Project Status, where the project appears as number 3707 under the register name Beach Walk Residences 4 By Imtiaz. Its Escrow panel shows the bank name, First Abu Dhabi Bank P.J.S.C., and the account number, and both are meant to match the Sales and Purchase Agreement and the details in the Escrow Details section of this page.

The escrow protection carries on whatever the calendar says. Money already paid remains in escrow, and the bank keeps releasing it to the developer only as construction progress is recorded; once construction ends, part of the balance is retained to fund defect repairs. Escrow protects capital while the building is being finished; it does not pay compensation for a later completion, and those terms sit in the Sales and Purchase Agreement. Handover is currently expected in Q2 2027, with 20 April 2027 entered on the DLD register as the registered completion date.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds for Beach Walk Residence 4 would then be handled from the protected funds under the supervision of the Dubai Land Department. That safety net reaches only money paid into the registered account, which is why a payment sent anywhere else falls outside it. How the Dubai Land Department supervises off-plan projects is covered in the Dubai Land Department guide.

The Dubai Land Department register lists IMTIAZ REAL ESTATE INVESTMENT & DEVELOPMENT L.L.C, developer number 1129, as the developer of project 3707. The company markets the building as Imtiaz Developments, and the same registered entity is named in the RERA inspection report of 13 August 2026.

Imtiaz has announced the first Beach Walk Residence as the first residential project completed on Dubai Islands, and has reported Westwood Grande in Jumeirah Village Circle as delivered in December 2024. Westwood Grande II and Pearl House in Jumeirah Village Circle and Hyde Walk in Jumeirah Garden City are also among the projects it reports as completed. These are the developer's own announcements rather than register entries for Beach Walk Residence 4.

The escrow account protects the capital paid toward a Beach Walk Residence 4 unit. It does not compensate for a later completion, does not guarantee a resale price or rental income, and does not cover money paid outside the registered account. The 4% DLD registration fee is paid to the Dubai Land Department rather than into escrow, and the terms on completion timing and remedies sit in the Sales and Purchase Agreement.