Binghatti Skyblade Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Binghatti Skyblade, account number 0015*****170301 (the complete number appears in the Escrow Details section of this page), recorded under DLD project number 3725, which the Dubai Land Department register shows as registered on 22 August 2025.

Instalments paid for Binghatti Skyblade are held in the project escrow account at Dubai Islamic Bank and are released to Binghatti only against construction progress recorded by Dubai Land Department inspections. The instalment schedule for each unit is set in its Sales and Purchase Agreement, and the release rule applies whatever that schedule is.

The DLD register reading at the inspection dated 21 April 2026 is 17.06 percent, up from a previous reading of 6.02 percent that the register shows without a date. The inspection report records enabling and foundation, structure, internal and MEP works progressing at different stages, which places Binghatti Skyblade in the early escrow release stages. Each inspection reading is tracked on the Binghatti Skyblade construction updates page.

Yes. A later handover does not move money out of escrow: payments remain in the project account, and releases still depend on construction progress recorded by inspections rather than on the calendar. Escrow protects capital while Binghatti Skyblade is completed; it does not itself compensate buyers for delay, and delay terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Binghatti Skyblade goes into the DLD-registered escrow account 0015*****170301 at Dubai Islamic Bank (the complete number appears in the Escrow Details section of this page), 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, matches the usual pattern of payment fraud however official the documents appear. Any such request is compared with the escrow account shown in Dubai REST and with the Sales and Purchase Agreement before funds move.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds are then handled from the protected funds under Dubai Land Department supervision. That protection reaches only money paid into the registered Binghatti Skyblade account; funds sent anywhere else fall outside it. The wider regulatory framework is explained in the Dubai Land Department guide.

No. The 4% DLD registration fee on a Binghatti Skyblade purchase is paid to the Dubai Land Department when the sale is registered, not into the project escrow account. The escrow account receives the payments toward the purchase price set out in the Sales and Purchase Agreement.

In the Dubai REST app, the Project Status service under Services returns DLD project 3725, Binghatti Skyblade, with its escrow details: the bank, Dubai Islamic Bank (Public Joint Stock Company), and the project account number. Those details are the reference against which any payment instruction and the Sales and Purchase Agreement are compared.

An off-plan Binghatti Skyblade sale is registered with the Dubai Land Department under Oqood, the register for off-plan units, which records the buyer's interest in the unit while the tower is under construction. The title deed follows after completion and handover, once the payments due under the Sales and Purchase Agreement are settled; the timing of each step is confirmed by the developer and the Dubai Land Department at the time.

The escrow account protects money paid into it toward the construction of Binghatti Skyblade. It does not compensate for handover delays, which the Sales and Purchase Agreement governs, it does not fix or guarantee a handover date, and it offers no protection for money paid to any account other than the registered one. It holds capital under supervision; it does not add a return or protect the market value of a unit.

Binghatti's project brochure states that Binghatti Holding Limited has delivered more than 12,000 residential units to date, holds a portfolio of more than 80 projects valued at over AED 70 billion, and carries ratings of BB- from Fitch and Ba3 from Moody's. For Binghatti Skyblade itself, the DLD register records construction as started on 1 February 2025, registration on 22 August 2025 and a 17.06 percent reading at the 21 April 2026 inspection.