Binghatti Skyhall Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Binghatti Skyhall, account number 9009*****9924002 (shown in full in the Escrow Details section above), opened under DLD project number 3504 when the project was registered in March 2025.

Binghatti Developers FZE is the entity registered with the Dubai Land Department under developer number 1051, and it is the name attached to Binghatti Skyhall in Dubai REST and on RERA inspection reports. Binghatti is the market-facing brand name used in marketing material. Both refer to the same developer, so seeing the registered entity name rather than the brand name in official records is expected. The escrow account itself is registered against the project under DLD project number 3504.

Binghatti Skyhall sells on a 20/50/30 plan: 20 percent on booking, 50 percent during construction as five monthly instalments of 10 percent from September 2026 to January 2027, and 30 percent on completion. Those instalment dates are calendar-based and fixed in the Sales and Purchase Agreement. The release of that money to the developer is not: funds sit in the escrow account at First Abu Dhabi Bank and are released only against construction progress certified by DLD inspections.

No. The 4 percent Dubai Land Department registration fee is a transaction cost paid to the DLD and sits outside the project escrow account, as does the AED 5,000 administration fee charged at booking. Only the purchase price instalments set out in the Sales and Purchase Agreement flow into the escrow account at First Abu Dhabi Bank.

The DLD inspection dated 30 April 2026 certified 31.14 percent completion, up from 0 percent at the previous inspection. Enabling and foundation works were recorded as complete, with substructure, superstructure, internal works, internal finishes, and MEP works progressing at different stages. Month by month detail is tracked on the Binghatti Skyhall construction updates page.

No. Every off-plan payment for Binghatti Skyhall must go into the DLD-registered escrow account 9009*****9924002 at First Abu Dhabi Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are sent.

Yes, the protection continues. Funds stay in the escrow account and continue to be released only against certified progress, regardless of the calendar. Escrow protects capital while the project completes, though it does not itself compensate for delays; those 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 buyer refunds are processed from the protected funds under DLD supervision. This is precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection and outside that process. The wider framework is explained in the Dubai Land Department guide.

Yes, Binghatti Skyhall is a freehold project, open to all nationalities.

Not on a single unit. The 10-year Golden Visa through property investment requires a registered property value of at least AED 2 million, and both tiers at Binghatti Skyhall sit below that threshold, with studios from AED 1.208 million (approx USD 329,000) and one bedroom homes from AED 1.77 million (approx USD 482,000). Combining the registered values of more than one Dubai property is one route to the threshold, and the current requirements are covered in the Binghatti Skyhall Golden Visa guide.