Equiterra at Grand Polo Escrow Account

Emirates Islamic Bank P.J.S.C. holds the project escrow account for Equiterra at Grand Polo, account number 3538*****0321 (the unmasked number is available in the Escrow Details section on this page). The account sits under DLD project number 4185 and is recorded as the trust account on the RERA progress monitoring report for the project.

Instalments accumulate in the escrow account and the bank releases them to Emaar Development P.J.S.C. only against construction progress certified by Dubai Land Department inspections, never on the developer's own schedule. The inspection dated 14 May 2026 certified 0.83 percent of the works, up from 0.00 percent at the previous inspection, so the release cycle is at its earliest point and the large majority of the money committed to this project is still held rather than paid out. Inspection by inspection detail is tracked on the Equiterra at Grand Polo construction updates page.

No. Every off-plan payment for Equiterra at Grand Polo belongs in the DLD-registered escrow account 3538*****0321 at Emirates Islamic Bank P.J.S.C. (the complete number is displayed in the Escrow Details section on this page), matching the escrow clause in the Sales and Purchase Agreement. A request to route funds to a personal account, an agent account or a second company account, particularly one sweetened with a discount for paying directly, is the standard shape of payment diversion fraud however convincing the letterhead. A request of that kind can be tested in minutes, because the registered account in Dubai REST and the escrow clause in the contract are both in the buyer's own hands before any money moves.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected balance under Dubai Land Department supervision. That mechanism reaches only the money inside the registered account, which is the practical reason for paying into it and nowhere else. The wider regulatory framework is explained in the Dubai Land Department guide.

Oqood is the Dubai Land Department system that records an off-plan sale before a title deed can exist. Once the Sales and Purchase Agreement is signed and the booking payment has cleared into the project escrow account, the villa is registered against the buyer name under Oqood, and the 4% DLD registration fee is settled at that stage. Oqood registration is what makes the purchase visible in Dubai Land Department records during construction.

The title deed is issued after completion and handover, replacing the interim Oqood registration. Equiterra at Grand Polo carries a registered completion date of 31 August 2029 with handover expected in Q3 2029, which places title registration alongside the final 20% instalment due in August 2029. The villa layouts and pricing behind that registration are set out in the Equiterra at Grand Polo project guide.

The escrow mechanism continues to operate regardless of the calendar: funds stay in the account and are still released only against certified construction progress. Escrow protects the capital while the project is completed, and it does not itself pay compensation for a delay. Delay terms, including any remedy available to a buyer, are set out in the Sales and Purchase Agreement.

RERA, the regulatory arm of the Dubai Land Department, required the escrow account to exist before Equiterra at Grand Polo could be offered for sale, registered the project as number 4185 on 4 November 2025, and commissions the independent progress inspections that determine when the bank may release funds. The inspection of 14 May 2026 recorded 0.83 percent certified progress and noted mobilization and infrastructure works under way on site.

No. The 4% DLD registration fee is a government fee paid to the Dubai Land Department at registration and sits outside the escrow account. Escrow holds the payments that make up the purchase price itself, from the 10% booking deposit through to the 20% final instalment due in August 2029.

Yes. Equiterra at Grand Polo is a freehold project open to all nationalities, and the escrow rules apply identically to every buyer: the same registered account at Emirates Islamic Bank P.J.S.C., the same progress-certified releases, and the same Dubai Land Department supervision. There is no separate payment route for residents and non-residents.

The AED 2 million threshold applies to the property investment behind the application, and Equiterra at Grand Polo villas start at AED 3.60M (approx USD 980,000), above that level. The escrow account governs where instalments are held and when they are released, which is a separate question from visa eligibility. How paid value and off-plan status are assessed is covered in the Equiterra at Grand Polo Golden Visa guide.