Creek Vista Heights Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Creek Vista Heights, account number 0016*****484701 (displayed in full in the Escrow Details section above). It is recorded on the Dubai Land Department register against project number 2717, "Sobha Creek Vista Heights", registered on 19 July 2023.

The 20% booking payment and the 40% paid during construction, in four payments timed by the SPA, go into the escrow account. The bank releases those funds to the developer only against construction progress recorded by DLD inspections, the most recent register reading being 91.53 percent on 8 September 2026. The remaining 40% is due on handover. The 4% DLD registration fee is paid to the Dubai Land Department and never forms part of the escrow balance.

No. The 4% DLD registration fee is paid at booking to the Dubai Land Department to register the purchase, and it is not deposited into the Creek Vista Heights escrow account. As an illustration on the AED 1.35M ≈ USD 368K starting price, the fee comes to AED 54,000 ≈ USD 15K. Only payments toward the purchase price itself sit in escrow and follow its release rules.

In the Dubai REST app, the Project Status service lists the project under number 2717 and the registered name "Sobha Creek Vista Heights". Its Escrow panel shows the bank and the account number, which should agree with the Escrow Details section of this page and with the escrow clause of the SPA before any transfer.

The escrow protection continues regardless of the calendar. The original Q2 2026 handover schedule for Creek Vista Heights has passed, and the build was still continuing at the 91.53 percent DLD register reading of 8 September 2026. Money already in escrow stays there and is released only against recorded construction progress, so the passing of a schedule does not by itself move any funds to the developer. Escrow protects capital but does not compensate buyers when a handover date moves; any such terms sit in the Sales and Purchase Agreement. The current expected handover date is a matter for written confirmation from Sobha Realty, checked against the SPA.

No. Every off-plan payment toward a Creek Vista Heights apartment belongs in the DLD-registered escrow account 0016*****484701 at Dubai Islamic Bank (the full number is in the Escrow Details section above), matching the escrow details set out in the SPA. A request to pay into a personal account, an agent's account or a different company account, particularly one offered with a discount for paying outside escrow, follows the familiar pattern of payment fraud however genuine the documents appear. Any such request is checked against the escrow account shown in Dubai REST and in the SPA before money moves.

When the Dubai Land Department cancels a registered project, RERA takes control of the escrow account, and refunds to buyers are paid out of the protected balance under DLD supervision. That protection reaches only money paid into the registered account; payments sent anywhere else fall outside it. Creek Vista Heights is an active registration, with structure works recorded complete and 91.53 percent on the register at 8 September 2026, and the safeguard applies at every stage. How DLD regulates that framework is set out in the Dubai Land Department guide.

A retention portion of the escrow funds stays in the account after completion to cover defect repairs, so part of the money is still held when buyers take possession. The documents for Creek Vista Heights state no retention percentage or period; the terms follow the escrow framework and the SPA. An independent inspection before acceptance, which records defects while that retention is still in place, is covered in the Creek Vista Heights snagging inspection guide.

The Dubai Land Department register lists the project under the legal entity registered as its developer, together with a DLD developer number, rather than under the Sobha Realty brand name used in marketing. Both appear in the Registered Developer card in the Escrow Details section above. The register name of the project, "Sobha Creek Vista Heights", also differs slightly from the marketing name, and a search for either that name or project number 2717 finds the record.

Escrow holds and releases payments toward the purchase price. It does not hold the 4% DLD registration fee, agency or mortgage costs, or any money sent to an account other than the registered one. It does not pay compensation if a handover date moves, it gives no assurance about the finish of an individual apartment, and it does not replace the defect checks made at handover. Those matters are governed by the Sales and Purchase Agreement and the handover process.

The register records construction starting on 14 March 2023, registration as project 2717 on 19 July 2023, a previous reading of 82.33 percent shown without a date, and 91.53 percent at the inspection of 8 September 2026. The RERA progress report from that inspection records enabling works, piling, foundations and structure works as complete, with interior works, envelope, MEP services, finishes and external areas recorded as progressing. The Q2 2026 date in the original schedule has passed. Reading-by-reading progress is tracked on the Creek Vista Heights construction updates page.