Kanyon by Beyond in Dubai Maritime City Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Kanyon by Beyond, account number 0205*****7503 (shown in full in the Escrow Details section above), opened under DLD project number 4050 when the project was registered in October 2025.

Kanyon is marketed under the Beyond Developments brand, while the entity registered with the Dubai Land Department for project 4050 is Cobia Real Estate Development L.L.C, developer number 2316. Both refer to the same project. Dubai REST, the Sales and Purchase Agreement, and the escrow account records use the registered entity name rather than the marketing brand, so a mismatch between the two is expected and is not in itself a sign of a problem.

Kanyon runs a 50/50 plan: 10 percent on booking, 10 percent in September 2026, six installments of 5 percent between January 2027 and November 2028, and the remaining 50 percent on completion. Every one of those payments is made into the escrow account first. The installment dates are fixed by calendar, but the bank releases funds to the developer only against construction progress certified by DLD inspection, so the two schedules are independent of each other.

No. The 4 percent Dubai Land Department registration fee, along with the AED 2,370 in other statutory fees, sits outside the escrow account. These are government charges collected at registration rather than payments toward construction, so they are not held in escrow and are not released against certified progress.

The DLD inspection dated 22 April 2026 certified 0 percent completion, unchanged from 0 percent at the previous inspection, and the registered construction start date is 30 June 2026. The project is registered and escrow-protected at the beginning of its build cycle, with handover expected in Q2 2029. Dated progress is tracked on the Kanyon construction updates page.

No. Every off-plan payment for Kanyon by Beyond must go into the DLD-registered escrow account 0205*****7503 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are sent.

Yes, the protection continues. Funds stay in the escrow account and continue to be released only against certified progress, regardless of the calendar. Escrow protects the capital while the project completes, though it does not itself compensate for delays; those 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. This is exactly why paying only into the registered account matters: money sent anywhere else sits outside that protection and outside any refund process. The wider framework is explained in the Dubai Land Department guide.

Yes, Kanyon by Beyond is a freehold project, open to all nationalities.

Kanyon by Beyond starts from AED 2.44 million (approx USD 664,000) for a one bedroom apartment, which is above the AED 2 million property investment threshold for the 10-year Golden Visa, so every tier in the tower sits above the line. The full requirements and application timing are covered in the Kanyon Golden Visa guide.