Beachgate by Address Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Beachgate by Address, account number 3538*****0307 (shown in full in the Escrow Details section above). It is the trust account bank recorded for DLD project number 2430, registered on 28 July 2022, and the same bank is named on the RERA inspection reports for the project.

Instalments paid into the Beachgate by Address escrow account are released to Emaar only against construction progress certified by DLD inspections, not simply because a payment date arrives. From the April 2024 instalment onward, the 2022 payment plan tied each instalment to an estimated completion stage of 10, 20, 40, 60, 80 and finally 100 percent, and the inspection dated 21 September 2026 certified 100 percent.

No. Every off-plan payment for Beachgate by Address belongs in the DLD-registered escrow account 3538*****0307 at Emirates Islamic Bank (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, follows the standard pattern of payment fraud however authentic the paperwork appears. The registered account in Dubai REST and the escrow details in the Sales and Purchase Agreement are the two references any such request is checked against before money moves.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, together with the 10% down payment, and it does not pass through the escrow account, which holds the purchase price instalments only. On a 1 bedroom apartment at AED 2.90M (approx. USD 790K), the 4% DLD fee comes to AED 116,000 (approx. USD 31.6K).

Oqood is the Dubai Land Department's interim register for off-plan units. Registering a Beachgate by Address unit under Oqood records the sale against DLD project number 2430, the same registration the Emirates Islamic Bank escrow account is held under, so the booking deposit and every later instalment attach to a recorded, supervised purchase. After completion, once the final payment is settled and the developer completes the registration steps, the Oqood record is replaced by a title deed issued by the Dubai Land Department.

The DLD inspection dated 21 September 2026 certified Beachgate by Address at 100 percent, up from 95.03 percent on 25 June 2026, and the RERA progress report lists the project as Completed, with the building completion certificate received on 22 July 2026 and snagging and deep cleaning under way. For the escrow account, the construction-linked releases have reached their last stage, and the remaining payment on the 2022 plan is the 20 percent due on completion, with handover scheduled for Dec 2026. The dated inspection history is tracked on the Beachgate by Address construction updates page.

Yes. Funds in the Beachgate by Address escrow account stay under DLD supervision and are released only against certified progress, whatever the calendar says; with construction certified at 100 percent on 21 September 2026, the open question is the handover date rather than the build itself. Escrow protects capital but does not compensate buyers for a later handover: delay terms sit in the Sales and Purchase Agreement. The defect checks that precede accepting a finished unit are covered in the Beachgate by Address snagging inspection guide.

Completion does not end the protection. The final 20 percent instalment of the 2022 plan falls due on construction completion, scheduled for Dec 2026, and is paid into the same escrow account at Emirates Islamic Bank rather than to the developer directly. A retention portion then remains in escrow after completion to cover defect repairs, and Emaar confirms the handover date for each individual unit.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are paid from the protected funds under DLD supervision. That safeguard covers only money paid into the registered account, so a payment sent anywhere else falls outside it. With construction certified at 100 percent and the building completion certificate received in July 2026, Beachgate by Address is well beyond the stage where cancellation is a practical concern, but the mechanism applies to every registered project. The wider framework is explained in the Dubai Land Department guide.

The Dubai REST app shows the registered escrow details for every DLD project. Under Services and then Project Status, a search for project number 2430 or Beachgate By Address opens the project record, and its Escrow Account panel lists the bank, Emirates Islamic Bank P.J.S.C., and the account number. Those details are the reference that this page and the escrow clause in the Sales and Purchase Agreement are matched against.

Emaar's recent Dubai handovers include Bliss (November 2024), June (June 2025), Seagate (September 2025) and Creek Palace (March 2026). At company level, Emaar reported more than 81,600 residential units delivered and more than 35,200 under development as of 31 December 2021. Beachgate by Address itself moved from DLD registration on 28 July 2022 to 100 percent certified construction on 21 September 2026, ahead of its 31 December 2026 registered completion date.