Marina Place 1 at Rashid Yachts & Marina Escrow Account

Emirates NBD Bank (P.J.S.C) holds the Marina Place 1 escrow account, number 0205*****3713 (the full number is revealed in the Escrow Details section above), registered under DLD project number 3386 since the project's registration on 15 November 2024.

Buyer payments for Marina Place 1 are held in the project escrow account and released to the developer in stages, only against construction progress recorded through Dubai Land Department and RERA inspections. A payment entering the account is not immediately available to the developer: the release follows the work on site, not the payment calendar, so funds paid at an early stage remain under supervision until the matching progress is recorded.

In the developer's published 80/20 plan, the 4th to 8th instalments are linked to construction completion of 20%, 50%, 70%, 90% and 100%, with indicative dates of August 2026, April 2027, September 2027, February 2028 and December 2028. The down payment and the 1st to 3rd instalments, 40% in total, follow calendar dates from November 2024 to January 2026. The latest reading in the supplied record is a 4.23% DLD register reading at the RERA inspection of 3 April 2026, and the timing of milestone-linked instalments follows actual construction progress as set out in the buyer's SPA. Each new reading is tracked on the Marina Place 1 construction updates page.

The 8th and final instalment of 20% is linked to 100% construction completion, with an indicative date of December 2028, in line with the Q4 2028 handover. It is paid into the same escrow account as every earlier instalment. After completion, a retention portion of the escrow balance is held back against defect repairs, on terms set by the escrow arrangements rather than by the payment plan.

No. The 4% DLD registration fee is a government fee paid to the Dubai Land Department at the down payment stage to register the sale. It is charged on top of the purchase price rather than paid toward the property, so it never enters the Marina Place 1 escrow account and is never released to the developer.

No. All off-plan payments for Marina Place 1 belong in the DLD-registered escrow account 0205*****3713 at Emirates NBD (the complete number appears 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 offered with a discount for paying outside escrow, matches the standard pattern of payment fraud however genuine the paperwork appears. Money sent to any other account sits outside escrow protection, and any such request can be checked against the Escrow panel for project 3386 in Dubai REST.

Dubai REST lists the project under the register name Marina Place 1 and project number 3386, with the status Active. Its Escrow panel shows the bank as Emirates NBD Bank (P.J.S.C) together with the account number, the same number shown in the Escrow Details section of this page and recorded in the Sales and Purchase Agreement. The check is free and takes a few minutes, and any difference between the app, the SPA and a payment instruction is a reason to hold the transfer.

The DLD register and the RERA inspection report list MINA RASHID PROPERTIES L.L.C, developer number 1275, as the registered developer of project 3386, while the project is marketed under the Emaar brand. The escrow account is held under the project number, so the project number, the registered developer name and the account number are the details that should agree across Dubai REST, the Sales and Purchase Agreement and any payment instruction.

Yes. Money in the escrow account stays there until the matching construction progress is recorded, whatever the calendar says, so a slower build does not move buyer funds to the developer any sooner. Milestone-linked instalments follow actual progress under the SPA. Escrow protects capital while the project completes but does not itself compensate for delays; delay 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 refunds to buyers are handled from the protected balance under DLD supervision. That protection covers money paid into the registered account; payments made anywhere else fall outside it. The wider regulatory framework is set out in the Dubai Land Department guide.

Escrow protects the capital paid into the account; it does not compensate for delays, which are governed by the Sales and Purchase Agreement. It does not cover money sent to any account other than the registered one, and it does not hold the 4% DLD registration fee, which is paid to the Dubai Land Department. It also has no bearing on future prices, rents or resale values, which depend on the market rather than on the account.