Marina Place 2 at Rashid Yachts & Marina Escrow Account

The Marina Place 2 escrow account sits with Emirates Islamic Bank P.J.S.C. under account number 3538*****5410 (revealed in full in the Escrow Details section of this page). The account is recorded against DLD project number 3387, registered with the Dubai Land Department on 15 November 2024.

Each Marina Place 2 instalment is paid into the project escrow account first, not to the developer, and funds leave that account against construction progress under Dubai Land Department supervision. The latest reading in the record supplied for this page is the DLD register reading of 1.52% dated 21 April 2026, at the enabling works stage, so nearly all of the construction work that releases are measured against was still ahead at that date. The reading history is tracked on the Marina Place 2 construction updates page.

The Marina Place 2 launch schedule pairs dates with milestones. By the 21 April 2026 register reading of 1.52%, four dated payments totalling 40 percent (the November 2024 down payment and the instalments of January 2025, June 2025 and January 2026) had fallen due on the schedule's dates. The fourth instalment, 10 percent, is dated August 2026 and labelled against 20 percent construction completion, a level the register had not shown at the April 2026 reading. The buyer's Sales and Purchase Agreement sets which of the two, date or milestone, triggers each payment.

No. The 4% DLD registration fee on a Marina Place 2 purchase is paid to the Dubai Land Department, not into the escrow account. It is settled alongside the 10 percent down payment when the unit is registered under Oqood, the Dubai Land Department's register for off-plan sales. Because the fee never enters escrow, it forms no part of the protected balance.

The final Marina Place 2 instalment is 20 percent of the price, labelled against 100 percent construction completion and dated December 2028 in the launch schedule, with handover expected in Q4 2028. It is paid into the escrow account like every earlier instalment. The title deed is issued by the Dubai Land Department once the building is complete and the price has been settled in full.

Escrow protection does not lapse with the calendar. Marina Place 2 funds stay inside the escrow account, and releases from it remain tied to construction progress, whether handover lands in Q4 2028 or later. The account protects buyer capital; it does not pay compensation for delay. Delay terms, including any compensation, are set out in the Sales and Purchase Agreement.

Should a registered project be cancelled, RERA takes control of the escrow account; refunds to buyers are then handled from the money held in that account, under Dubai Land Department supervision. That protection covers money paid into the registered Marina Place 2 account; funds sent to any other account sit outside it. The regulatory framework behind off-plan escrow is explained in the Dubai Land Department guide.

No. Every off-plan payment for Marina Place 2 belongs in DLD-registered escrow account 3538*****5410 at Emirates Islamic Bank (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 sweetened with a discount for paying outside escrow, matches the common pattern of payment diversion fraud, however official the documents appear. The Dubai REST escrow panel for project 3387 and the Sales and Purchase Agreement are the two references any such request is measured against.

The Dubai REST app lists the escrow details of every registered project. Under Services, then Project Status, the building appears as project number 3387 with the register name "Marina Place 2", and its Escrow panel shows the bank, Emirates Islamic Bank P.J.S.C., together with the trust account number. A match between that panel, the Sales and Purchase Agreement and the payment instruction is the independent check.

The Dubai Land Department register lists Mina Rashid Properties L.L.C, developer number 1275, as the developer of Marina Place 2, while the project is marketed under the Emaar brand. The escrow account at Emirates Islamic Bank is recorded against that registration as project 3387.

Recent Emaar handovers in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024), and Seagate stands within Rashid Yachts & Marina, the same community as Marina Place 2. These dates are company-level Emaar records compiled for this guide, not entries in the Marina Place 2 DLD register, and they describe the Emaar brand rather than the registered developer, Mina Rashid Properties L.L.C.

The Marina Place 2 escrow account protects money paid into the registered trust account at Emirates Islamic Bank. It does not cover funds sent to any other account, compensation for a late handover, or changes in the market value of a unit. Delay terms sit in the Sales and Purchase Agreement, and the value of the finished residence is a market outcome, not an escrow guarantee.