Haus of Tenet Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the project escrow account for Haus of Tenet. The bank is named twice in the public record: on the Escrow Account panel of the Dubai REST entry for project 4253, and in the header of the RERA Independent Progress Monitoring Report issued for the inspection dated 22 December 2025, which records the trust account bank as Dubai Islamic Bank (Public Joint Stock Company).

No. The Escrow Account panel in the Dubai REST entry for project 4253 names the bank and prints a dash in the escrow number field, so no account number is published in the register and none appears on this page. Buyers receive the account details in their Sales and Purchase Agreement and on the developer's written payment instruction, and the receiving bank on both is what has to match the bank recorded by the Dubai Land Department before any funds are sent.

The published plan runs 10 percent as a down payment, eight instalments of 5 percent during construction and 50 percent on completion, ten payments in total. Each one is made into the DLD-registered project escrow account rather than to the developer directly, and funds are released to the developer against inspected construction progress under Dubai Land Department supervision. Five of the eight construction instalments fall on fixed dates, 1 March 2026, 1 June 2026, 1 August 2026, 1 November 2026 and 1 February 2027, and three are triggered at 40, 60 and 80 percent construction progress.

The DLD register records 20.62 percent progress for project 4253, dated 22 December 2025. The RERA Independent Progress Monitoring Report issued for the same inspection date prints no percentage of its own and describes mobilization ongoing, enabling works and foundations complete, with substructure, superstructure, MEP, external envelope and internal works progressing. No earlier reading is published in the record used for this page. Each new inspection is tracked on the Haus of Tenet construction updates page.

The protection does not expire with the calendar. Funds stay in the project escrow account and are released only against inspected progress, whatever the schedule does. Escrow protects the capital while the project is completed; it does not itself compensate for delay, and any delay terms sit in the Sales and Purchase Agreement.

No. Off plan payments for Haus of Tenet belong in the DLD-registered project escrow account at Dubai Islamic Bank (Public Joint Stock Company), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account or an alternative company account, particularly one paired with a discount for paying directly, is the standard pattern of payment diversion fraud regardless of how official the paperwork appears. Any such request can be checked against the escrow record published for project 4253 in Dubai REST and against the details in the Sales and Purchase Agreement before any funds move.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected funds under DLD supervision. That mechanism only reaches money that actually entered the registered account, which is why payments sent anywhere else sit outside the protection entirely. The wider framework is explained in the Dubai Land Department guide.

Yes. Haus of Tenet is a freehold project on plot 108 in Business Bay, open to all nationalities, and the offices are sold as commercial units on freehold title.

Classic Offices at Haus of Tenet start at AED 3.20M (approx USD 871K), above the AED 2 million property investment threshold that applies to the 10-year Golden Visa. Terrace Offices start at AED 4.10M (approx USD 1.12M) and Garden Offices at AED 13.60M (approx USD 3.70M), while The Den penthouse office is offered at price on request. The requirements and how they apply to this project are covered in the Haus of Tenet Golden Visa guide.