Mangrove at Dubai Creek Harbour Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the Mangrove escrow account, number 0015*****139801 (the unmasked number appears in the Escrow Details section above). It is recorded as the trust account for DLD project number 2551, the register Mangrove entered on 1 March 2023.

Mangrove, Savanna and Cedar were put on the Dubai Land Department register together as a single joint project, number 2551, Creek Beach - Savanna-Cedar-Mangrove. The escrow account is recorded against that joint register, so the same Dubai Islamic Bank account serves all three projects. Savanna and Cedar buyers are given the identical account number, and a request naming a different account for any of the three is a warning sign rather than a variation.

Buyer instalments accumulated in the escrow account and were paid out to the developer only against construction progress recorded by Dubai Land Department inspections on the joint register. Under the launch payment plan of record, 80 percent was paid during construction and 20 percent on construction completion, with the later instalments linked to construction milestones rather than to the calendar alone.

No. The 4% DLD registration fee goes to the Dubai Land Department as the charge for registering the purchase, not into the Mangrove escrow account, and it is not part of the purchase money held for the project. On the launch payment plan of record it sat alongside the 10 percent down payment, shown as 10% + 4% DLD Fee. The way the Dubai Land Department registers and supervises property sales is covered in the Dubai Land Department guide.

Oqood is the Dubai Land Department's interim register for off-plan sales, and a Mangrove apartment bought at launch was recorded under Oqood while the buildings were under construction. Once the project is complete and the purchase price is settled in full, the Oqood record gives way to a title deed issued by the Dubai Land Department in the owner's name. A Ready Mangrove apartment bought today passes to the buyer through a Dubai Land Department registration on the terms of that sale.

With the joint register at 100 percent on 4 November 2025 and Mangrove Ready, the account's main work, holding buyer money until progress was recorded, is largely done. It remains the registered destination for any sum still owed to the developer under a Mangrove Sales and Purchase Agreement, including the final instalment due on construction completion, and part of the escrow balance is typically held back for a period after completion as cover for defect repairs. The dated register history is tracked on the Mangrove construction updates page.

No. Every sum owed to the developer on a Mangrove apartment belongs in the DLD-registered escrow account 0015*****139801 at Dubai Islamic Bank (the full number is in the Escrow Details section above), as named in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however genuine the paperwork appears. The account registered in Dubai REST and the Sales and Purchase Agreement are the two references any such request is checked against.

Escrow protects buyer capital while a project is built; it does not compensate for delays, which are a matter for the Sales and Purchase Agreement, and it does not guarantee resale prices or rental returns. It gives no protection to money sent to any account other than the registered one, and it does not hold the 4% DLD registration fee or agency fees. Defects in a finished Mangrove apartment are raised with the developer under its defect obligations, and escrow is no substitute for an inspection before the apartment is accepted.

The Dubai REST app publishes them. Services, then Project Status, leads to the project search, where project number 2551 returns the joint register Creek Beach - Savanna-Cedar-Mangrove. Its Escrow Account panel lists the bank, Dubai Islamic Bank (Public Joint Stock Company), and the escrow account number, which should match both this page and the Sales and Purchase Agreement exactly before any transfer.

Mangrove's own register shows registration on 1 March 2023, construction start on 27 May 2023, BCC received from DDA dated 23 October 2025 and a 100 percent reading on the joint register dated 4 November 2025. Recent Emaar deliveries in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024), and the Mangrove brochure reports 108,000 Emaar residential units delivered as on 31 December 2023.