Marina Vista at Emaar Beachfront Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the project trust account for Marina Vista, account number 0016*****719101, shown in full in the Escrow Details section above. The account is registered against DLD project number 2094 and had to be open before the project was registered with the Dubai Land Department on 28 October 2018.

Funds paid into the account are not at the developer's free disposal. The bank releases them in stages against construction progress recorded by Dubai Land Department inspections, so money follows verified work rather than a promise of it. The inspection record for this project, including the reading of 100 percent dated 23 February 2023, is tracked on the Marina Vista construction updates page.

No. Payments to the developer for this project belong in the DLD-registered escrow account 0016*****719101 at Dubai Islamic Bank (Public Joint Stock Company), with the full number in the Escrow Details section above, exactly as recorded in the sale and purchase agreement. A request to route money to a personal account, an agent's account or a different company account, particularly one attached to a discount for paying directly, matches the standard pattern of payment diversion fraud however official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and against the details in the sale and purchase agreement before funds are sent.

The register records the project as Finished, so a purchase now is of completed property rather than an off-plan unit, and the balance falls due at the transfer appointment rather than across construction milestones. Where the seller is the developer, the registered escrow account at Dubai Islamic Bank (Public Joint Stock Company) remains the account recorded against project 2094 and the account to match before any payment. Where the seller is a private owner, the transfer is settled through a Dubai Land Department registration trustee office instead, which is a different route and still never a private bank transfer to an individual. What the purchase itself covers is set out in the Marina Vista project guide.

Oqood is the Dubai Land Department's interim register for property sold before completion, and units in this project were recorded there while the two towers were under construction. Once a building is complete and the developer has met its registration obligations, that interim entry gives way to a title deed issued in the buyer's name at the Dubai Land Department. On a finished building such as this one, the title deed is the document that records ownership.

The 4% DLD registration fee is the Dubai Land Department's charge for registering a property transfer, calculated on the purchase price and collected at registration. It sits on top of the purchase price and is separate from the money held in the project escrow account, which exists to protect payments toward the property rather than to settle government fees. The wider regulatory framework is explained in the Dubai Land Department guide.

Money held in a registered escrow account stays in that account and continues to be released only against recorded progress, whatever the calendar does, so capital protection does not lapse because a date slips. If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. Escrow protects capital, it does not compensate for delay: any compensation terms sit in the sale and purchase agreement. Marina Vista is recorded as Finished, and its registered completion date of 30 March 2023 has passed.

The details are published in the Dubai REST app, which is the Dubai Land Department's own record. Opening Services, then Project Status, then searching project number 2094 brings up the project file, and the Escrow Account panel shows the bank name and the account number. Matching those against the escrow clause in the sale and purchase agreement before every transfer is the check that makes the rest of the paperwork verifiable rather than merely persuasive.

Marina Vista itself is the closest evidence. DLD project 2094 is recorded as Finished, the independent progress monitoring report dated 23 February 2023 records the progress status as Completed, the building completion certificate was received by DDA on 09 December 2022 and the civil defence certificate on 21 September 2022, and DEWA meters were installed and connected. Beyond this project, recent Dubai deliveries from the same developer include Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024. Those four are Dubai portfolio projects rather than Emaar Beachfront phases.

An escrow account protects money paid toward the project and controls when the developer can draw it. It does not pay the 4% DLD registration fee, agency fees, mortgage costs or service charges, it does not compensate for delay, and it does not certify the condition of a finished apartment, which is what an independent snagging inspection is for. It also does not replace registration: ownership is recorded by the title deed issued at the Dubai Land Department, not by the trust account.