Golf Point at Emaar South Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Golf Point at Emaar South, account number 0015*****317601, which this page shows in full in its Escrow Details section. The account was registered under DLD project number 3215 when the project entered the Dubai Land Department register on 7 August 2024.

Funds are released against construction progress certified by Dubai Land Department inspections rather than on the calendar dates printed in the payment plan. The inspection dated 30 June 2025 certified 4.78 percent of works at Golf Point at Emaar South, and releases from the account track that certified progress. Amounts paid ahead of certified works remain held by the bank until the corresponding stage is verified on site.

No. Off plan money for Golf Point at Emaar South belongs in the DLD-registered escrow account 0015*****317601 at Dubai Islamic Bank and nowhere else, the same account the Sales and Purchase Agreement names, with its full number carried in the Escrow Details section of this page. Where somebody asks instead for a personal account, an agency account or a second company account, and particularly where a discount is attached to paying that way, the request matches the shape of payment diversion fraud however convincing the documents look. Dubai REST and the escrow clause of the agreement will each settle a request like that before any money moves.

Where a registered project is cancelled, RERA takes control of the escrow account, and buyers are repaid from the balance standing in it under Dubai Land Department supervision. That is what gives the registered account its value in a worst case: whatever went into it can still be traced and returned, while anything sent elsewhere was never inside the protection to begin with. Golf Point at Emaar South is recorded as Active on the register, with a registered completion date of 31 October 2028. How the regime operates across Dubai is set out in the Dubai Land Department guide.

The Dubai REST app publishes the escrow account registered against each project. Under Services, then Project Status, project number 3215 returns the Golf Point at Emaar South record, and its Escrow Account panel shows the bank name and account number held on the Dubai Land Department register. Matching that panel against the escrow clause in the Sales and Purchase Agreement confirms that both sources carry the same account before a transfer is made.

Yes. A later handover does not loosen the account: money held there is still paid out only as inspections certify work on the ground, so a slipping schedule means it leaves more slowly, not more freely. What escrow does is keep the capital intact while the project finishes. It pays nothing for time lost, and whatever remedy exists for delay is written into the Sales and Purchase Agreement rather than into the escrow regime.

Payments into the escrow account secure the buyer's position under the Sales and Purchase Agreement and are recorded against the unit through Oqood, the Dubai Land Department's off plan registration system. Title itself transfers at handover. Golf Point at Emaar South is a freehold project open to all nationalities, so a foreign buyer receives full freehold ownership of the apartment on transfer rather than a leasehold interest.

The 10-year UAE Golden Visa through property investment is assessed against a property value of at least AED 2 million, not against the amount standing in escrow at a given moment. Apartments at Golf Point at Emaar South start at AED 850K (approx USD 231,000), which sits below that threshold, while the three bedroom tier starts at AED 2.05M (approx USD 558,000) and clears it. The qualifying tiers and the application requirements are covered in the Golf Point at Emaar South Golden Visa guide.