Vision Mercedes-Maybach 6 Residences Escrow Account

The escrow account for Vision Mercedes-Maybach 6 Residences is held by Dubai Islamic Bank (Public Joint Stock Company) under account number 0015*****478501 (the complete number can be revealed in the Escrow Details section above). It is recorded against DLD project number 4321, registered with the Dubai Land Department on 14 January 2026.

Buyer payments are held in the project escrow account, and the bank releases them to the developer only against construction progress verified through Dubai Land Department inspections. The instalment schedule for each apartment is set in the buyer's Sales and Purchase Agreement, while the pace of releases follows the recorded progress on site rather than the payment calendar.

The Dubai Land Department project register shows one inspection, dated 29 December 2025, with a register reading of 0%, and the inspection report notes that no construction activity had started on site at that time. The register records the project's registration and construction start on 14 January 2026. That reading is the pre-construction baseline, and newer inspections may since have been added to the register. Each dated reading is tracked on the Maybach 6 Residences construction updates page.

Yes, the protection continues. Funds stay in the escrow account and are released only against verified construction progress, whatever the calendar says. Escrow protects buyer capital while the project is completed, but it does not itself compensate for delays; delay terms sit in the Sales and Purchase Agreement.

No. Off-plan payments for Vision Mercedes-Maybach 6 Residences are made only into DLD-registered escrow account 0015*****478501 at Dubai Islamic Bank, as stated in the Sales and Purchase Agreement (the complete number can be revealed in the Escrow Details section above). Instructions to pay a personal account, a broker's account or a different company account, often sweetened with a discount for settling outside escrow, are the typical signature of payment fraud even when the documents look genuine. The safeguard is a comparison with the escrow record in Dubai REST and with the agreement before any money moves.

Should a registered project be cancelled, RERA takes control of the escrow account; buyer refunds are then paid from the protected balance under Dubai Land Department supervision. That safety net covers only money paid into the registered account; funds sent anywhere else sit outside it. The wider framework is explained in the Dubai Land Department guide.

No. The 4% DLD registration fee is paid to the Dubai Land Department when the purchase is registered, not into the project escrow account. The escrow account receives the payments toward the purchase price itself, as scheduled in the Sales and Purchase Agreement.

The check runs in the Dubai REST app under Services, then Project Status, by searching project number 4321, which the register lists as "Maybach Six". The project record shows the escrow bank and account number, and those should match both this page and the escrow clause of the Sales and Purchase Agreement before every transfer.

While the towers are under construction, an off-plan purchase is recorded on the Dubai Land Department's Oqood register, which ties the apartment to the buyer before it exists. After completion and handover, once the final payment is settled, the title deed is issued in the buyer's name under Dubai Land Department procedures, with the exact sequence set out in the Sales and Purchase Agreement.

Escrow protects the capital paid into the registered account. It does not protect money sent to any other account, it does not hold the registration fee paid to the Dubai Land Department, it does not guarantee a handover date, and it does not compensate for delays. Delay terms, specifications and handover conditions are governed by the Sales and Purchase Agreement.

Per Binghatti's project literature, Binghatti Holding Limited was founded in 2008 with contractor roots, has a total portfolio exceeding 80 projects valued at over AED 80 billion, and has delivered more than 50 projects to date. These are company-level figures; for this project the dated record so far is its Dubai Land Department register entries, from the 0% reading of 29 December 2025 to registration on 14 January 2026.