Cotier House Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Cotier House, account number 1011*****6258008 (shown in full in the Escrow Details section above), under DLD project number 3394, registered on 13 February 2025. The same bank is named as the trust account bank on the RERA inspection report dated 14 August 2026.

Cotier House appears in the DLD register and the Dubai REST app as "Cotier House 1 By Imtiaz", project number 3394, with IMTIAZ GHD Real Estate Development L.L.C as the registered developer under developer number 1641. The "1" separates it from Cotier House 2, a different Imtiaz project with its own register record, which makes project number 3394 the reliable identifier when escrow details are matched.

Under the 60/40 launch plan, the 20 percent booking instalment, the five construction instalments totalling 40 percent (15 April 2025 to 15 July 2026) and the final 40 percent due on completion in Q1 2027 are paid into the escrow account. The bank releases funds to Imtiaz Developments against construction progress verified by DLD inspections, not against the payment calendar.

No. The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, payable at booking alongside the 20 percent first instalment. It is not part of the unit price, so it is not among the construction funds held in escrow and released against progress. The payment instructions for the fee are set out in the booking documents.

The DLD reading dated 14 August 2026 places Cotier House at 43.47 percent, up 14.26 points from the previous reading of 29.21 percent, which the register does not date. Escrow releases to the developer follow inspected progress, so each new reading marks how far the construction behind those releases has advanced on the public record. Every dated reading is tracked on the Cotier House construction updates page.

Yes, the protection continues. Funds already in the escrow account stay there and continue to be released only against inspected construction progress, whatever the calendar says. Escrow protects capital while the building is completed; it does not compensate for a delay, and completion and delay terms sit in the Sales and Purchase Agreement. After completion, a retention portion stays in escrow to cover defect repairs.

No. Every off-plan payment for Cotier House belongs in the DLD-registered escrow account 1011*****6258008 at First Abu Dhabi Bank (the full number sits in the Escrow Details section above), matching the details recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one offering a discount for paying directly, follows the standard pattern of payment fraud however official the documents look. Any such request should be checked against the escrow account shown for project 3394 in Dubai REST and against the Sales and Purchase Agreement before any funds move.

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. That protection covers money inside the registered account only; a payment sent anywhere else sits outside it. For Cotier House the relevant record is project 3394, listed as active in the register with a latest reading of 43.47 percent on 14 August 2026. The wider framework is explained in the Dubai Land Department guide.

Beach Walk by Imtiaz on Dubai Islands, 80 studio, one bedroom and two bedroom residences, was reported in March 2026 as the first residential handover on Dubai Islands. Elsewhere in Dubai, Pearl House by Imtiaz and Westwood Grande II by Imtiaz in Jumeirah Village Circle have been handed over, and Westwood by Imtiaz in Al Furjan has been completed. Each was built under the Dubai off-plan escrow framework that now governs Cotier House.