Kore by Imtiaz Escrow Account

First Abu Dhabi Bank P.J.S.C. (FAB) holds the escrow account for Kore by Imtiaz, account number 4031*****8110063 (the unmasked number is in the Escrow Details section above), recorded in Dubai REST for DLD project number 4549, which was registered on 2 September 2026.

The Dubai REST app lists the account under Services, then Project Status. A search for project number 4549 or the registered name Kore By Imtiaz opens the project record, and its Escrow panel shows the bank, First Abu Dhabi Bank P.J.S.C., together with the account number. The same details appear in the escrow section of each buyer's Sales and Purchase Agreement, and the two match exactly for a correct payment instruction.

No. Off-plan payments toward the price of a Kore by Imtiaz apartment belong in the DLD-registered escrow account 4031*****8110063 at First Abu Dhabi Bank (the complete number appears in the Escrow Details section near the top of this page), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one sweetened with a discount for paying directly, follows the standard pattern of payment-diversion fraud however official the documents appear. Money sent outside the registered account also falls outside escrow protection.

Both plans open with 20% on booking, and the first dated instalment under either plan is 5% on 15 February 2027. Up to completion, the 50/50 plan collects 30% in six dated instalments ending 15 September 2028 and takes 50% on completion in Q4 2028, while the 60/40 post-handover plan collects 35% in five dated instalments ending 15 April 2028, takes 5% on completion and spreads 40% over three years after handover. Payments made during construction accumulate in escrow, and construction-linked releases to the developer follow progress verified by inspection. Imtiaz marks the dates as indicative, and the Sales and Purchase Agreement sets the binding schedule.

No. The 4% DLD registration fee is calculated on the purchase price and falls due at booking together with the 20% booking instalment under either plan, but it is paid to the Dubai Land Department. As a government registration fee rather than part of the price, it is not held in the Kore by Imtiaz escrow account and is never released to the developer.

The DLD register recorded 0% progress for Kore by Imtiaz at an inspection dated 11 August 2026, the only reading so far, and the RERA inspection report noted that no construction activities had started at that time. Construction-linked releases from escrow to the developer follow progress verified by inspection, so this reading is the baseline that later releases are measured from. The DLD register schedules the construction start for 15 November 2026. Each new reading is tracked on the Kore by Imtiaz construction updates page.

The escrow framework covers payments made while the building is being developed. Under the 60/40 plan, 40% of the price is paid over three years after handover at about 3.33% each quarter, and the account and route for those instalments are set out in the Sales and Purchase Agreement and confirmed by Imtiaz. Buyers on the 50/50 plan settle the full balance on completion and have no post-handover instalments.

Yes. Funds already in the Kore by Imtiaz escrow account stay there and remain subject to release only against progress verified by inspection, whatever the calendar says. Escrow safeguards capital but is not a compensation mechanism, and any terms covering a late handover are written into the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled by the Dubai Land Department, and refunds to buyers are then handled from the protected balance under DLD supervision. That protection reaches only money paid into the registered account; funds sent anywhere else sit outside it. How DLD regulates escrow across the market is covered in the Dubai Land Department guide.

The DLD register and the RERA inspection report list the developer of Kore by Imtiaz as IMTIAZ REAL ESTATE INVESTMENT & DEVELOPMENT L.L.C, developer number 1129. The project is marketed under the Imtiaz Developments name.

The escrow account protects purchase-price payments made into it; it is neither insurance nor a compensation fund. It does not hold the 4% DLD registration fee, which goes to the Dubai Land Department, it gives no protection to money sent to any other account, and it does not compensate for a later-than-expected handover, which is a matter for the Sales and Purchase Agreement.