Inaura Residences Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Inaura Residences by Arada, account number 0016*****432301 (the complete number appears in the Escrow Details section above). The account is recorded against DLD project number 4226, which the Dubai Land Department registered on 21 November 2025 under the register name Inaura Hotels & Residences.

Under the 10/40/50 plan, the 10% booking payment and the seven construction-period payments that make up 40% of the price are paid into the escrow account at Dubai Islamic Bank. The bank releases funds to Arada only against construction progress recorded by Dubai Land Department inspections, not according to the payment calendar. The remaining 50% falls due on handover, expected in Q2 2030, and a retention portion stays in the account after completion to cover defect repairs.

The Dubai Land Department register records 1.32% progress for project 4226 at the inspection dated 1 October 2026, compared with 0% at the previous inspection shown in the DLD app (10-06-2026). The RERA progress monitoring report issued for that inspection records enabling and piling works progressing on site and prints no percentage of its own. Because releases follow recorded progress, the reading marks the very start of the construction-linked release cycle, with almost all of the works still ahead. The dated inspection timeline is tracked on the Inaura Residences construction updates page.

No. All off-plan instalments for Inaura Residences Downtown Dubai belong in the DLD-registered escrow account 0016*****432301 at Dubai Islamic Bank (the full number is in the Escrow Details section above), matching the escrow details in the Sales and Purchase Agreement. A request to send money to a personal account, a broker's account or a different company account, particularly one that comes with a discount for paying outside escrow, follows the standard pattern of payment-diversion fraud, however genuine the documents appear. Money paid anywhere other than the registered account falls outside the escrow protection described on this page.

No. The 4% DLD registration fee goes to the Dubai Land Department when the purchase is registered, at the same point as the 10% booking payment, and it never enters the project escrow account. Only the purchase price instalments for Inaura Residences by Arada are paid into escrow at Dubai Islamic Bank. The registration process is covered in the Dubai Land Department guide.

Oqood is the Dubai Land Department register for off-plan sales. Once the booking payment and the 4% DLD registration fee are settled, the purchase of an Inaura Residences by Arada unit is recorded under Oqood against project 4226, which ties the buyer's interest to the registered project and its escrow account. After completion, handover and settlement of the 50% handover payment, the Oqood record is converted into a title deed issued in the buyer's name.

Yes, the protection continues. Funds already paid stay in the escrow account under Dubai Land Department supervision and are released only against recorded progress, whatever the calendar says. Escrow protects capital while the tower is completed; it does not compensate buyers for late completion, and any terms covering a later handover sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then handled from the funds held there under Dubai Land Department supervision. Payments made to any other account are not part of that protected pool, which is why the registered account is the only valid destination for instalments. Refund terms for a buyer who withdraws from a purchase are set by the Sales and Purchase Agreement, not by the escrow account. The wider regulatory framework is covered in the Dubai Land Department guide.

The account can be checked in the Dubai REST app under Services, then Project Status, by searching project number 4226 or the register name Inaura Hotels & Residences. The Escrow Account panel shows the bank and the account number, and both are expected to match this page and the escrow clause of the Sales and Purchase Agreement ahead of every transfer. The full verification routine is set out in the Verify section above.

Arada's January 2026 Inaura brochure dates the developer's launch to 2017, places its headquarters in the UAE, credits it with ten UAE communities launched so far and records an expansion into the UK and Australian markets; it names Formative, Everwell and Akala among its brands. For Inaura Residences by Arada itself, the dated record is the Dubai Land Department register: project 4226 was registered on 21 November 2025 and carries a construction start date registered with the DLD of 15 December 2026, with readings of 0% at the previous inspection shown in the DLD app (10-06-2026) and 1.32% at the inspection of 1 October 2026.

The escrow account protects purchase payments made into it while Inaura Residences by Arada is built. It does not compensate buyers for late completion, it does not protect money sent to any other account, it does not hold the 4% DLD registration fee, and it does not guarantee resale value or rental income. Contractual remedies, including any terms on a later handover, sit in the Sales and Purchase Agreement.