Design Quarter at d3 Escrow Account

Emirates NBD Bank (P.J.S.C) holds the trust account for Design Quarter at d3, account number 0205*****6002 (the full number is in the Escrow Details section above). The account is linked to DLD project number 2607, which the Dubai Land Department registered on 16 March 2023.

Meraas is the brand that markets Design Quarter at d3, while the Dubai Land Department register and the RERA inspection report list the registered developer as DHRE 2 BTS L.L.C, developer number 1510. The escrow account for project 2607 sits under that registered entity. Either name appearing in buyer paperwork is consistent with the register; what has to match in every case is the destination account and the Emirates NBD bank name.

Under the 40/60 plan, the 10% booking payment and the 30% construction share are paid into the escrow account before handover. They accumulate there, and Emirates NBD releases them to the developer in stages, each one tied to construction progress confirmed by the project engineer and recorded through Dubai Land Department inspections. The 30% share is quoted as a single share, with its instalment timing for each unit set in the Sales and Purchase Agreement. The DLD project register showed 30.98 percent progress at the 30 June 2026 inspection, so most release stages for Design Quarter at d3 remain ahead. Each reading is tracked on the Design Quarter at d3 construction updates page.

No. Every off-plan payment for Design Quarter at d3 belongs in the DLD-registered escrow account 0205*****6002 at Emirates NBD (shown unmasked in the Escrow Details section above), as written into the Sales and Purchase Agreement. Money transferred anywhere else, whether to an individual, a brokerage or another company, sits outside the escrow protection. Instructions that change the destination account, particularly ones that offer a discount or demand urgency, follow a well-known diversion-fraud pattern, and the registered account shown in Dubai REST is the reference point for judging them.

No. The 4% DLD registration fee is a government charge worked out on the purchase price, settled with the Dubai Land Department at the Booking and SPA stage, alongside the 10% booking payment, when the sale goes on the register, and it never enters the Design Quarter at d3 escrow account. Because it pays for registration rather than for the apartment itself, it is not part of the money the bank releases to the developer against construction progress.

Oqood is the Dubai Land Department register for off-plan sales. Once the Sales and Purchase Agreement for a Design Quarter at d3 apartment is registered on Oqood, the buyer's interest in that specific unit is recorded against project 2607, which is what ties the escrow payments to the unit. After completion and full payment, the Oqood record is converted into a title deed issued by the Dubai Land Department. Handover is estimated for Q2 2027.

Money already in escrow stays there, and the bank keeps releasing it strictly in line with recorded construction progress rather than by date. Escrow protects buyer capital while the build continues; it does not pay compensation for a later handover. Any delay terms for Design Quarter at d3 are set out in the Sales and Purchase Agreement.

Should the Dubai Land Department cancel Design Quarter at d3 as a registered project, RERA takes control of the escrow account, and refunds to buyers are then administered from the money held in it under DLD supervision. That safety net reaches only payments made into the registered account for project 2607, so money sent anywhere else falls outside it. The DLD register lists Design Quarter at d3 as an Active project. How DLD oversight of off-plan projects works is covered in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service under Services finds the project by number 2607 or by its register name, Design Quarter. The project's Escrow Account panel shows the trust account bank and account number, which should match both the Escrow Details section of this page and the escrow clause in the Sales and Purchase Agreement.

Escrow protects buyer payments toward construction; it is not a guarantee on everything around the purchase. It does not cover money sent to any account other than the registered one, it does not compensate for a later handover, and it does not hold the 4% DLD registration fee or any agency commission. It says nothing about resale prices or rental returns either. A retention amount held after completion supports defect repairs, with its size and timing governed by the regulations and the Sales and Purchase Agreement.

Meraas has no completed residential phase in Dubai Design District yet: Design Quarter at d3 is described by Meraas as the first residences in the district. Elsewhere in Dubai, BVLGARI Residences on Jumeirah Bay Island began handovers in February 2018, and the first phase of Bluewaters Residences on Bluewaters Island was handed over in February 2019. That record shows past deliveries; it does not by itself guarantee the Q2 2027 handover estimate for Design Quarter at d3.