LUMENA Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for LUMENA by OMNIYAT, account number 0015*****422101 (the full number is displayed in the Escrow Details section above). The account is registered against DLD project number 3758, which entered the Dubai Land Department register on 16 July 2025.

LUMENA is sold on a 50/50 payment plan dated from the SPA effective date: 5% at the booking form effected date and 15% at the SPA effective date, then 10% at month six and 5% at months 12, 18, 24 and 30 counted from the SPA effective date, with the final 50% on the project completion date. Each instalment is paid into the escrow account, and the bank releases funds to the developer only against construction progress recorded by DLD inspections, so buyer payments and developer releases run on different clocks. Handover is scheduled for Q4 2029.

The DLD register read 0% for LUMENA by OMNIYAT at the inspection dated 25 March 2026, when the notes found no construction activity under way; the construction start on the register is 31 December 2025. For the escrow account this is the baseline: releases to the developer are tied to recorded progress, and no progress had been recorded on that date. At 184 days old when this page was built, the reading is due for re-verification on Dubai REST. Each later dated reading is tracked on the LUMENA by OMNIYAT construction updates page.

No. The 4% DLD registration fee falls due alongside the 15% instalment on the SPA effective date, but it is paid to the Dubai Land Department as a registration charge rather than into the LUMENA escrow account. It sits on top of the office price, is not part of the funds held for construction, and is not counted within the percentages of the 50/50 payment plan.

Oqood is the Dubai Land Department's interim register for off-plan sales. A LUMENA office sale is recorded on it against project number 3758, the same project number the escrow account at Dubai Islamic Bank (PJSC) is registered to, which links the buyer's recorded interest to the account receiving the instalments. Once the project is completed and the purchase is settled, the interim registration gives way to a title deed issued by the Dubai Land Department.

Yes, the escrow protection continues whatever the calendar says. Because LUMENA's 50/50 plan is time-based, instalments during construction fall due on their SPA dates even if works run late, but those funds remain held in escrow, with releases still tied to progress recorded by DLD inspections. Escrow protects the capital while the tower is built; it does not compensate for delay, and any delay terms are set out in the Sales and Purchase Agreement. Handover is scheduled for Q4 2029.

No. Every off-plan instalment for LUMENA is payable only into the DLD-registered escrow account 0015*****422101 at Dubai Islamic Bank (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, a broker's account or a different company account, particularly one offering a reduction for paying outside escrow, matches the usual pattern of payment-diversion fraud, however official the documents appear. The registered account in Dubai REST and the SPA are the two references any such request is checked against before funds move.

RERA takes control of the escrow account if a project is cancelled; for LUMENA that is the account registered to project 3758 at Dubai Islamic Bank (PJSC), and buyer refunds are then paid out of the balance held there under DLD supervision. That protection reaches only money paid into the registered account; payments made anywhere else fall outside it. The wider DLD framework for off-plan sales is covered in the Dubai Land Department guide.

The escrow account protects buyer instalments for LUMENA while the tower is built; it does not compensate for handover delays, guarantee resale or rental values, or protect money sent to any account other than the registered one. The 4% DLD registration fee is paid to the Dubai Land Department rather than into escrow, and because the offices are delivered shell and core, fit-out spending after handover also sits outside the escrow arrangement.

The escrow account appears in the Dubai REST app under Services, then Project Status, by searching project number 3758 or the registered name Lumena by Omniyat. The escrow record of the project lists the bank name and account number, which match the details on this page and are expected to match the escrow details in the buyer's Sales and Purchase Agreement.

OMNIYAT's LUMENA brochure names three projects from its portfolio: The Lana, Dorchester Collection, created with Foster + Partners and Gilles & Boissier; The Opus by OMNIYAT, a commercial building designed by Zaha Hadid; and Enara by OMNIYAT. The project material gives no dates or handover history for them. LUMENA's own register record runs from DLD registration on 16 July 2025, through the construction start logged for 31 December 2025, to a 0% reading at the 25 March 2026 inspection.