Marina Views at Rashid Yachts & Marina Escrow Account

Emirates NBD Bank (P.J.S.C) holds the trust account for Marina Views at Rashid Yachts & Marina, account number 0205*****3709, shown in full in the Escrow Details section above. The account sits under DLD project number 3172 and was in place when the project was registered on 4 July 2024, before construction started in December 2024.

The account is a DLD-registered escrow account opened under the project's registration rather than as an ordinary company account, so the developer cannot withdraw from it freely. Money is released against construction progress certified by independent inspection, and RERA takes control of the escrow account if a project is cancelled. The wider framework is explained in the Dubai Land Department guide.

Releases follow certified construction progress rather than the calendar or the payment schedule. Each inspection produces a certified percentage: the inspection dated 5 May 2026 recorded 7.09 percent at Marina Views, up from 6.3 percent at the previous inspection. Instalments paid ahead of the works remain in the account until the matching progress has been inspected and certified. The inspection record is tracked on the Marina Views construction updates page.

Oqood is the Dubai Land Department's interim register for off plan sales. When a Marina Views apartment is booked, the sale is recorded against the buyer's name on Oqood and a 4% DLD registration fee applies. That registration gives the buyer a recorded interest in a specific unit while the towers are still being built and before a title deed can be issued.

No. Every off plan payment for Marina Views belongs in the registered escrow account 0205*****3709 at Emirates NBD Bank (P.J.S.C), with the full number in the Escrow Details section above, exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or a different company account, particularly one paired with a discount for paying that way, is the standard shape of payment diversion fraud however official the paperwork looks. Any such instruction can be checked against the escrow account registered in Dubai REST and the escrow clause in the Sales and Purchase Agreement before any money moves.

Yes. Funds continue to be released only against certified construction progress however long the build takes, so a later handover does not loosen the protection over money already paid. Escrow protects capital rather than compensating for lost time: anything owed to a buyer because of a delayed handover sits in the Sales and Purchase Agreement, not in the escrow rules.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected funds under Dubai Land Department supervision. This is the reason payments belong in the registered account and nowhere else, because money sent outside it sits outside that process entirely. Marina Views is recorded as Active on the project register, with certified progress of 7.09 percent at the inspection dated 5 May 2026.

Marina Views is freehold and open to buyers of all nationalities. During construction the purchase is held on the Oqood interim register, and once the building is completed and the unit handed over, the Dubai Land Department issues a title deed in the buyer's name. At that point the escrow account has done its work for that unit, since the payments it protected have been matched by a delivered apartment.