Clearpoint at Rashid Yachts & Marina Escrow Account

The Clearpoint escrow account is held by Emirates NBD Bank (P.J.S.C) under account number 0205*****3703 (all thirteen digits appear in the Escrow Details section above), recorded against DLD project number 2743, registered on 5 September 2023.

Under Clearpoint's 10/80/10 plan, the 80 percent construction share is paid into the project escrow account on the schedule set in each buyer's Sales and Purchase Agreement. The bank does not pass that money to the developer on request: releases follow construction progress verified through Dubai Land Department inspections, while the SPA governs the instalment dates and amounts for each unit.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, on top of the purchase price, and does not pass through the Clearpoint escrow account. The escrow account receives the payments made toward the price of the unit itself, starting with the 10 percent booking payment and continuing through the construction instalments.

The latest Dubai Land Department register reading for Clearpoint is 45.05 percent, dated 21 April 2026, up from a previous reading of 32.28 percent whose date the register card does not show. The inspection that day logged the groundworks and substructure as complete, with the superstructure, envelope, MEP and finishing packages under way. Because escrow releases follow verified progress, funds linked to the work still outstanding are not released until that progress is verified. Later readings are tracked on the Clearpoint construction updates page.

Yes. Money paid into the Clearpoint escrow account stays there and is released only against verified construction progress, so a handover later than the expected Q3 2027 does not move funds out of supervision. Escrow safeguards the money while construction continues, but it is not a compensation mechanism: whether any remedy applies for a late handover depends on the delay terms written into the Sales and Purchase Agreement.

No. Each off-plan payment for Clearpoint belongs in the DLD-registered escrow account 0205*****3703 at Emirates NBD (the complete number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, a broker's account or a different company account, particularly one offered with a discount for paying outside escrow, matches the standard pattern of payment-diversion fraud however genuine the documents appear. Other Emaar projects in Rashid Yachts & Marina also bank with Emirates NBD, and their account numbers can differ from this one only in the final digits, so the complete number is checked against Dubai REST and the SPA before any money moves.

RERA takes control of the escrow account if a project is cancelled, and refunds to Clearpoint buyers would then be handled from the funds held there under Dubai Land Department supervision. Only money paid into the registered account sits inside that protection; a payment sent anywhere else does not. How the Dubai Land Department regulates off-plan projects is covered in the Dubai Land Department guide.

In the Dubai REST app, under Services and then Project Status, a search for project number 2743 or the register name "Clearpoint" opens the project record, and its Escrow panel lists the bank as Emirates NBD together with the full account number. The same number appears in the escrow details of the Sales and Purchase Agreement, and the app, the SPA and the payment instruction are expected to match digit for digit before any transfer.

The Dubai Land Department register and the RERA progress report for project 2743 record the developer as Mina Rashid Properties L.L.C, developer number 1275. Clearpoint is marketed under the Emaar brand, and its escrow account is recorded under project 2743 in that same register entry, so the project number and the registered developer name are the details a payment instruction or SPA can be checked against.

Clearpoint itself has no completed handover yet; its handover is expected in Q3 2027. At company level, recent Emaar handovers in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024), and Seagate sits within Rashid Yachts & Marina. Emaar's brochure states 85,000 residential units delivered as of 31 December 2022. These are Emaar company-level figures rather than the record of the registered developer entity, Mina Rashid Properties L.L.C. Emaar's wider history is covered on the Emaar developer profile.

Once a Clearpoint unit is booked and the Sales and Purchase Agreement is signed, the sale is registered on Oqood, the Dubai Land Department's interim register for off-plan units, and payments then flow into the escrow account on the SPA schedule. The final 10 percent is due at handover, expected in Q3 2027, after which the unit moves from Oqood to a title deed issued by the Dubai Land Department once the purchase price has been settled in full.

The escrow account protects money paid into it toward the price of a Clearpoint unit. It does not compensate for a delayed handover, since delay terms sit in the Sales and Purchase Agreement; it does not hold the 4% DLD registration fee; and it offers no protection for money sent to any other account. It also makes no promise about resale value, rental income or future prices: escrow protects capital, and it does not guarantee a return.