Binghatti Twilight Escrow Account

Sharjah Islamic Bank holds the escrow account for Binghatti Twilight, account number 0011*****1104 (shown in full in the Escrow Details section above). The account sits under DLD project number 3397, registered with the Dubai Land Department on 11 June 2025, and the same bank is named as the trust account bank on the RERA inspection report of 14 September 2026.

Binghatti Twilight follows a 20/50/30 plan: 20 percent on booking, 50 percent during construction and 30 percent upon handover. Payments under the plan go into the DLD-registered escrow account first, and the bank releases funds to Binghatti only against construction progress verified through DLD inspections. Instalment timing is set out in each buyer's Sales and Purchase Agreement.

No. The 4% DLD registration fee is paid at booking alongside the 20 percent first payment, but it goes to the Dubai Land Department to register the purchase, not into the project escrow account. Only purchase price payments are held in escrow.

The DLD register recorded 55.41 percent progress for Binghatti Twilight on 14 September 2026, up from 32.01 percent at the previous inspection. The RERA inspection report of the same date lists enabling, piling, foundation and substructure works as complete, with superstructure, internal works, external envelope, MEP and internal finishes progressing. Releases from escrow follow that recorded progress stage by stage, never ahead of it. Reading by reading detail is tracked on the Binghatti Twilight construction updates page.

Yes, escrow protection does not lapse with a date. The registered completion date of 30 April 2026 and the original Q1 2026 handover schedule have both passed while construction continues, and buyer funds remain in the escrow account, released only against verified progress whatever the calendar shows. Escrow protects capital while the project completes; it does not compensate for changes to the completion timeline, and any timing terms sit in the Sales and Purchase Agreement. The current expected handover date is a matter for confirmation with Binghatti and in the SPA, and the register record may be updated.

No. Off-plan payments for Binghatti Twilight belong in one place only: the DLD-registered escrow account 0011*****1104 at Sharjah Islamic Bank, as written into the Sales and Purchase Agreement (the full number sits in the Escrow Details section above). A request to route money to an individual, to an agent, or to some other company account, particularly one offered with a discount for paying directly, matches the standard pattern of payment fraud however official the paperwork appears. Money sent outside the registered account sits outside escrow protection, and the registered account can be checked in Dubai REST under project 3397 before any funds move.

If a registered project is cancelled, RERA takes control of the escrow account, and refunds to buyers are paid from the protected balance under the supervision of the Dubai Land Department. That protection covers money paid into the registered account only; funds sent anywhere else fall outside it. How the regulator oversees off-plan funds is covered in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service under Services lists Binghatti Twilight as project number 3397 with status Active. Its escrow panel shows the bank name, Sharjah Islamic Bank, and the escrow account number, which matches the number in the Escrow Details section above and the escrow details in the Sales and Purchase Agreement.

The Dubai Land Department register and the RERA inspection report list Binghatti Developers FZE, developer number 1051, as the registered developer of Binghatti Twilight. Binghatti is the brand name used to market the project, and the escrow account is held under the project's own registration, DLD project number 3397.

Binghatti's Twilight brochure states that the brand has over 79 projects valued at more than AED 50 billion and delivered 20,000 units prior to 2024. The brochure does not name delivered projects or dates, and the figures describe the Binghatti brand as a whole. For Binghatti Twilight itself, the DLD register records a construction start on 1 April 2025 and a reading of 55.41 percent on 14 September 2026.

The final 30 percent of the Binghatti Twilight price is due upon handover, and the payment plan attaches no date to it: the original Q1 2026 schedule has passed and the current date is a matter for confirmation with Binghatti and in the SPA. After completion, a retention portion of the project funds stays in escrow to cover defect repairs, so the developer keeps money at stake until defects recorded at handover are put right.

The escrow account protects buyer capital paid into it. It does not compensate for changes to the completion timeline, guarantee a handover date or protect money sent to any other account, and it does not hold the 4% DLD registration fee, which is paid to the Dubai Land Department. Compensation and timing terms, where they exist, sit in the Sales and Purchase Agreement.