ENARA by OMNIYAT Escrow Account

Mashreq Bank PSC holds the escrow account for ENARA by OMNIYAT, account number 0190*****172 (shown in full in the Escrow Details section above). The account sits under DLD project number 3220, registered by the Dubai Land Department on 2 September 2024, and every Independent Progress Monitoring Report for the project names Mashreq Bank PSC as the trust account bank.

OMNIYAT's published plan for ENARA is construction-linked: 25% across the booking form and the Sales and Purchase Agreement, 45% across six build stages (Commencement 5%, Enabling Works 5%, Sub Structure 10%, Structure 10%, Facade 10%, MEP 5%), and 30% on the Project Completion Date. Buyer payments are held in the escrow account and released to the developer against construction progress verified through RERA inspections, not against the calendar. The latest DLD register reading is 7.25% at the inspection of 12 June 2026, with enabling, piling and foundation works progressing, and the full inspection record is tracked on the ENARA construction updates page.

Oqood is the Dubai Land Department's register for off-plan sales. After the Sales and Purchase Agreement for an ENARA office is signed, the sale is recorded against that unit within DLD project 3220, which places the buyer's interest on the official register long before the building is finished. The Oqood entry ties the buyer to the registered project whose escrow account receives the instalments, and it is replaced by a title deed once the project completes, with handover expected in Q4 2028.

No. The 4% DLD registration fee is paid to the Dubai Land Department to register the purchase at the booking and SPA stage, and it does not go into the ENARA escrow account at Mashreq Bank PSC. The escrow account receives the purchase price instalments: 25% at booking and SPA, the six construction stage payments, and the 30% due on the Project Completion Date.

Yes, the escrow protection does not lapse with the calendar. Instalments stay in the escrow account and continue to be released only against construction progress verified through RERA inspections, whenever that progress is achieved. Handover is expected in Q4 2028. Escrow protects the capital held while the building is completed, but it does not compensate buyers for delay; delay terms sit in the Sales and Purchase Agreement.

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 safeguard covers only money paid into the registered account; funds sent anywhere else sit outside it. At a DLD register reading of 7.25% on 12 June 2026, most of ENARA's construction is still ahead, which is the stage at which this mechanism carries its full weight. The wider framework is explained in the Dubai Land Department guide.

Not automatically. The escrow account protects buyer money against the project failing or being cancelled by the Dubai Land Department; it is not a refund facility for a buyer who decides to withdraw. What happens to amounts already paid when a buyer cancels is governed by the Sales and Purchase Agreement for the ENARA office and the applicable DLD rules, not by the escrow account itself.

No. Every off-plan instalment for ENARA belongs in the DLD-registered escrow account 0190*****172 at Mashreq Bank PSC (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to route money to a personal account, a broker's account or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment-diversion fraud, however official the paperwork appears. Any such instruction should be checked against the escrow panel for project 3220 in Dubai REST and against the SPA before any funds move.

The Dubai REST app shows it under Services, then Project Status: a search for project number 3220 or the registered name "Enara By Omniyat" opens the project record, whose Escrow Account panel lists Mashreq Bank PSC and the account number. The register names the developer as FORTY TWO DOWNTOWN REAL ESTATE DEVELOPMENTS L.L.C, developer number 1559, rather than OMNIYAT, so that entity is the expected result. The same bank and account number should also match the escrow section of the buyer's Sales and Purchase Agreement.

OMNIYAT was founded in 2005, and its delivered Dubai projects include The Opus, the commercial icon designed by Zaha Hadid, The Lana Residences, Dorchester Collection, One at Palm Jumeirah and The Sterling. ENARA itself has not been delivered: its latest DLD register reading is 7.25% at the inspection of 12 June 2026, and handover is expected in Q4 2028.