Montiva by VIDA at Dubai Creek Harbour Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Montiva by VIDA, account number 3538*****6209 (shown in full in the Escrow Details section above), registered against DLD project number 3744, which the Dubai Land Department recorded on 16 May 2025.

Every Montiva by VIDA payment, from the 10 percent down payment to the final 20 percent, is paid into the project escrow account first. The bank releases funds to the developer against construction progress verified through RERA inspections, not against the payment calendar. Under the 80/20 plan, the 4th to 7th instalments are linked to 30, 50, 70 and 90 percent construction completion and the final 20 percent to 100 percent completion, with the developer's dates for those milestones stated as estimates.

At the RERA inspection of 22 April 2026, Montiva by VIDA stood at a DLD register reading of 5.85 percent, up from a previous inspection reading of 3.47 percent that the DLD app shows without a date, with enabling and piling works progressing on site. The first construction-linked instalment in the launch schedule is tied to 30 percent completion. Each inspection is tracked on the Montiva by VIDA construction updates page.

Oqood is the Dubai Land Department's register for off-plan sales. A Montiva by VIDA purchase is recorded in it against DLD project number 3744, the same project record that carries the Emirates Islamic Bank escrow account and the RERA inspection reports, so the buyer's unit, the protected account and the verified construction progress all sit under one official project number.

The 4% DLD registration fee is payable at booking alongside the 10 percent down payment. It is a Dubai Land Department charge for registering the purchase rather than an instalment of the apartment price, so it sits outside the 80/20 schedule and is not part of the construction funds released to the developer against inspected progress.

Yes, the protection continues. Funds in the Montiva by VIDA escrow account stay there and are released only against inspected construction progress, whatever the calendar says. Escrow protects capital while the tower is completed; it does not itself compensate for delay, and delay terms sit in the Sales and Purchase Agreement. The DLD register lists 30 September 2029 as the project completion date, in line with the Q3 2029 handover.

No. Every off-plan payment for Montiva by VIDA belongs in the DLD-registered escrow account 3538*****6209 at Emirates Islamic Bank (the full number sits in the Escrow Details section above), exactly 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 offering a discount for paying outside escrow, matches the standard pattern of payment-diversion fraud however official the paperwork appears. Such requests are checked against the escrow account registered in Dubai REST and the Sales and Purchase Agreement before any money moves.

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. That safeguard covers only money paid into the registered account, which is why payments sent anywhere else fall outside it. The wider regulatory framework is explained in the Dubai Land Department guide.

The Montiva by VIDA escrow details are public in the Dubai REST app: under Services and then Project Status, a search for project number 3744 or the name Montiva opens the project record, and its Escrow Account panel lists Emirates Islamic Bank P.J.S.C. with the account number. The RERA inspection report for the project names the same bank as its trust account bank.

Montiva by VIDA is a single tower with no delivered phase of its own. At developer level, Emaar's recent Dubai handovers include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024), each sold off-plan under the same DLD escrow and RERA inspection framework that governs Montiva. Creek Palace is itself a delivered phase of Dubai Creek Harbour.