Marine 4 at DAMAC Riverside Views Escrow Account

First Abu Dhabi Bank P.J.S.C. (FAB) holds the escrow account for Marine 4, account number 4031*****3895017 (shown in full in the Escrow Details section above). The account sits under DLD project number 3375, registered as "Damac Riverside Views - Marine 4" on 22 November 2024.

Buyer payments for Marine 4 are held in a DLD-registered escrow account instead of being paid into DAMAC's own accounts. The bank releases money to the developer in stages, against construction progress recorded through inspections reported to the Dubai Land Department, so funds collected ahead of the works stay in trust until the works match them. The account is supervised by the Dubai Land Department throughout the build.

In the Dubai REST app, the Project Status service under Services lists project number 3375 as "Damac Riverside Views - Marine 4". Its Escrow panel shows the bank, First Abu Dhabi Bank P.J.S.C., and the account number. A genuine payment instruction for a Marine 4 apartment carries the same number as that panel and as the escrow details in the Sales and Purchase Agreement.

Marine 4 is sold on the DAMAC Riverside Views regular payment plan: 20 percent plus the 4% DLD registration fee on booking, 60 percent in 40 instalments scheduled by months from booking, and 20 percent on completion. The deposit and every instalment are paid into the escrow account. Instalment dates follow the calendar set in the SPA, while releases from the account to DAMAC follow construction progress. The schedule that applies to a specific Marine 4 unit is confirmed with DAMAC and in the SPA.

No. The 4% DLD registration fee is paid at booking alongside the 20 percent deposit, and it goes to the Dubai Land Department, not into the Marine 4 escrow account. On a 1 bedroom apartment at AED 880,000 the fee is AED 35,200 (approx USD 10K); on a 2 bedroom apartment at AED 1,310,000 it is AED 52,400 (approx USD 14K).

The DLD register reading recorded on 26 August 2026 puts Marine 4 at 21.17 percent, up from a previous reading of 9.17 percent (the register does not date that reading), with the main contract progressing. Releases to DAMAC are tied to inspected progress, so at an early-stage reading like this most buyer money paid so far is not yet matched by works on site and remains in the account. Each new reading is tracked on the Marine 4 construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are still released only against inspected progress, whatever the calendar says. The DLD record lists a registered completion date of 31 May 2028; the expected handover for Marine 4 is Q1 2029. The contractual completion date is the one in the SPA. Escrow protects capital while the building is completed, but it does not itself compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Each off-plan payment for Marine 4 belongs in the DLD-registered escrow account 4031*****3895017 at First Abu Dhabi Bank (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one that offers a discount for paying outside escrow, fits the usual pattern of payment fraud however official the paperwork appears. Such a request is checked against the account registered in Dubai REST and the escrow details in the SPA before any money moves.

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 funds under DLD supervision. That safety net reaches only money paid into the registered account; a payment sent anywhere else falls outside it. The wider framework is set out in the Dubai Land Department guide.

The DLD record lists DAMAC MRY Investment L.L.C, developer number 1866, as the registered developer of Marine 4 (project 3375). The building is marketed by DAMAC Properties as part of DAMAC Riverside Views, and the registered developer name is the one that appears on the project register and on the independent inspection reports.

The 20 percent completion payment is paid into the escrow account when Marine 4 is completed, with handover expected in Q1 2029. A retention portion stays in the account after completion to fund the repair of defects, on terms set by the escrow framework and the SPA, so part of the project's money remains in trust after keys are released.

The escrow account protects money paid toward a Marine 4 apartment. It does not guarantee a handover date, a resale price or a rental outcome, and it does not compensate for delay. It also does not cover payments sent outside the registered account, or amounts paid to other parties, such as the 4% DLD registration fee paid to the Dubai Land Department.