Binghatti Moonlight Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Binghatti Moonlight, account number 0015*****178101 (revealed in full in the Escrow Details section above), linked to DLD project number 3722, which the Dubai Land Department registered on 11 June 2025.

The Project Status service in the Dubai REST app lists the project under the register name "Binghatti Moonlight" and project number 3722. Its Escrow panel shows the bank as Dubai Islamic Bank (Public Joint Stock Company) together with the account number, and a genuine payment instruction matches that panel, the Escrow Details section of this page and the Sales and Purchase Agreement digit for digit.

The Dubai Land Department register lists Binghatti Developers FZE, developer number 1051, as the developer of Binghatti Moonlight, project 3722. Binghatti is the brand name used in the project's marketing, while the register and the RERA inspection report of 29 June 2026 carry the registered company name and number.

No. All off-plan payments for Binghatti Moonlight are due into the DLD-registered escrow account 0015*****178101 at Dubai Islamic Bank (the full number is 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, or a different company account, particularly one sweetened with a discount for paying outside escrow, matches the standard pattern of payment-diversion fraud however formal the documents appear. Such a request is checked against the account registered in Dubai REST and the Sales and Purchase Agreement before any money moves.

Under the 20/50/30 plan, the 50 percent paid during construction is held in the escrow account and released to the developer in stages, only as Dubai Land Department inspections record construction progress. The DLD register showed 19.24% on 29 June 2026, so most construction-linked releases were still ahead at that reading. The exact instalment schedule for the 50 percent is set in each buyer's Sales and Purchase Agreement, and each reading is tracked on the Binghatti Moonlight construction updates page.

No. The 4% DLD registration fee is paid at booking alongside the 20 percent booking payment, but it goes to the Dubai Land Department as a government registration fee, not into the project escrow account. Only purchase-price payments under the 20/50/30 plan are deposited into escrow at Dubai Islamic Bank.

The final 30 percent falls due on handover, when the unit is delivered to the buyer. The original Q2 2026 handover target has passed, with the DLD register reading at 19.24% on 29 June 2026, so the current expected completion date is a point to confirm with Binghatti and on Dubai REST. After completion, part of the funds is retained in escrow to cover defect repairs.

The DLD record shows a registered completion date of 15 June 2026 for Binghatti Moonlight, and that date has passed. A passed registered completion date does not close the escrow account or end its protection: the register lists the project as Active, buyer payments stay in the account, and releases continue only against recorded construction progress. A developer can apply to the Dubai Land Department to extend a registered completion date, and any revised date appears on Dubai REST under project 3722; no revised date appears in the record used for this page.

Yes. Funds remain in the escrow account and are released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the project is completed, but it does not compensate buyers for a change in handover timing; any contractual terms on the completion timeline sit in the Sales and Purchase Agreement.

Should a registered project be cancelled by the Dubai Land Department, RERA takes control of the escrow account, and refunds to buyers are processed from the funds held there under Dubai Land Department supervision. That safety net covers only money paid into the registered account for project 3722; money sent to any other account sits outside it. The wider regulatory framework is set out in the Dubai Land Department guide.

The escrow account protects purchase-price payments made into it for Binghatti Moonlight. It does not hold the 4% DLD registration fee or any agency commission, it offers no protection for money sent to another account, and it does not guarantee a completion date, a resale price or a rental return. Any compensation terms tied to the completion timeline, where they exist, sit in the Sales and Purchase Agreement rather than in the escrow arrangement.

Binghatti's own materials for Binghatti Moonlight describe a privately held Emirati property brand with more than 60 projects valued at more than AED 30 billion and the delivery of 20,000 units before 2024; these are company-stated figures, not DLD entries. The project's own register record shows construction started on 15 April 2025, DLD registration on 11 June 2025 and a register reading of 19.24% on 29 June 2026.