Binghatti Circle Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Binghatti Circle, account number 0015*****855001 (shown in full in the Escrow Details section above), recorded in Dubai REST under DLD project number 3819, which was registered on 22 July 2025.

The Project Status service in the Dubai REST app lists the project under number 3819 and the register name "Binghatti Circle". Its Escrow panel shows the bank, Dubai Islamic Bank (Public Joint Stock Company), and the full account number, which matches the Escrow Details section above and the Sales and Purchase Agreement digit for digit when the details are genuine.

The Dubai Land Department register and the RERA report of 30 April 2026 both record Binghatti Developers FZE, DLD developer number 1051, as the developer of Binghatti Circle. The project is marketed under the Binghatti brand, and escrow releases for project 3819 go to the registered developer only as construction progress is recorded.

The 50% paid during construction goes into the escrow account on the developer's schedule set out in the Sales and Purchase Agreement. The bank releases those funds to the developer only against construction progress recorded through DLD inspections; at the 30 April 2026 inspection the DLD project register showed 10.33% for Binghatti Circle. The inspection history is tracked on the Binghatti Circle construction updates page.

No. The 4% DLD registration fee, due at booking alongside the 20% booking payment, is paid to the Dubai Land Department, not into the Binghatti Circle escrow account. Only payments toward the purchase price go into escrow, and the registration fee is not one of them.

The final 30% of the Binghatti Circle price is due on handover, expected in Q2 2027. It is the last payment under the 20/50/30 plan, and a retention portion is held in escrow after completion to cover defect repairs.

No. Every off-plan payment toward a Binghatti Circle apartment belongs in the DLD-registered escrow account 0015*****855001 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to route money to a personal account, an agent's account or a different company account, particularly one paired with a discount for paying directly, matches the usual pattern of payment fraud however official the paperwork looks. The reliable test for any such request is a comparison with the Escrow panel for project 3819 in Dubai REST and with the Sales and Purchase Agreement.

Yes. Funds paid into the Binghatti Circle escrow account remain there and continue to be released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the tower is completed; it does not compensate buyers for a later handover, and 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 handled from the funds held in it under DLD supervision. That protection covers money paid into the registered Binghatti Circle account; money sent to any other account sits outside it. The wider framework is explained in the Dubai Land Department guide.

The escrow account protects purchase payments made into it for project 3819. It does not hold the 4% DLD registration fee, it does not compensate buyers for a late handover (those terms sit in the Sales and Purchase Agreement), it does not protect money sent to any other account, and it does not guarantee a handover date or a resale price. Its role is to keep buyer capital tied to recorded construction progress.

The Binghatti Circle brochure states that Binghatti has over 79 projects in the region valued at more than AED 50 billion and cites the delivery of 20,000 units prior to 2024; these are the developer's own published figures for the brand as a whole. For this project, the DLD register records construction starting on 1 June 2025, registration on 22 July 2025, a reading of 10.33% at the 30 April 2026 inspection and a registered completion date of 31 May 2027.