Nad Al Sheba Gardens Phase 12 Escrow Account

The escrow account for Nad Al Sheba Gardens Phase 12 is held at Emirates NBD Bank (P.J.S.C) under account number 0205*****3616, with the full number available in the Escrow Details section above. The account belongs to DLD project number 4352, registered on 6 March 2026, whose registered developer is NAS ESTATES L.L.C, developer number 1762, the entity on record for this Meraas phase.

Buyer payments for Nad Al Sheba Gardens Phase 12 are held at Emirates NBD and pass to the developer in stages that correspond to construction progress verified through DLD inspections. A due date in the Sales and Purchase Agreement does not by itself unlock the money; recorded progress on site does, which keeps the developer's access to buyer funds in step with the build.

The DLD register reading for Nad Al Sheba Gardens Phase 12 was 0% at the inspection of 27 January 2026, and the inspection report gave the status Not Started, noting that no construction activities had begun at the time. That inspection came before the registered construction start of 1 March 2026 and the DLD registration of 6 March 2026, so it serves as the baseline from which later verified progress, and the releases tied to it, will be measured. The reading was 258 days old in October 2026 and a newer inspection may since have been added; the full record is tracked on the Nad Al Sheba Gardens Phase 12 construction updates page.

Yes. Escrow protection for Nad Al Sheba Gardens Phase 12 is not tied to a calendar date: if the Q3 2029 handover moves later, the funds stay in the account and are still released only against verified construction progress. The registered completion date for project 4352 in the DLD register is 1 August 2029. Escrow preserves buyer capital while the villas are finished, but it does not pay compensation for lateness; delay terms are those written into the Sales and Purchase Agreement.

No. Off-plan payments for Nad Al Sheba Gardens Phase 12 are made only into the DLD-registered escrow account 0205*****3616 at Emirates NBD, the account named in the Sales and Purchase Agreement, with the full number shown in the Escrow Details section above. An instruction to pay a personal account, an agent, or a different company account, particularly one sweetened with a discount for paying outside escrow, is a recognised warning sign of payment-diversion fraud, whatever letterhead or signature it carries. Money sent anywhere other than the registered account has no escrow protection.

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 balance under DLD supervision. That safeguard reaches only money paid into the registered account for project 4352, so payments routed through any other channel fall outside it. How the DLD supervises registered projects and their escrow accounts is described in the Dubai Land Department guide.

No. The 4% DLD registration fee on a Nad Al Sheba Gardens Phase 12 purchase is paid to the Dubai Land Department to register the sale and does not pass through the project escrow account. The escrow account receives payments toward the villa price, which the developer can draw only against verified construction progress, so the fee forms no part of the protected balance.

The Project Status service in the Dubai REST app lists Nad Al Sheba Gardens Phase 12 under project number 4352, and its escrow panel shows the bank, Emirates NBD Bank (P.J.S.C), next to the account number. The same record carries the project status, Active, the registration, start and completion dates, and the latest inspection reading. Comparing those entries with the Sales and Purchase Agreement and any payment instruction takes about two minutes.

During the off-plan period, each Nad Al Sheba Gardens Phase 12 sale is recorded on Oqood, the Dubai Land Department's interim register for off-plan property, which links the buyer to a specific villa within project 4352. After completion, the handover expected in Q3 2029 and settlement of the purchase price, the Oqood record is converted into a title deed issued by the DLD. Escrow protects the payments made along the way; Oqood and the title deed record who owns the villa.

The Nad Al Sheba Gardens Phase 12 escrow account protects payments toward the villa price made into the registered account. It does not cover money sent to any other account, registration or agency fees, mortgage costs, or movements in market value, and it does not compensate for delays, which are governed by the Sales and Purchase Agreement. Its function is to keep buyer capital tied to verified construction progress, not to promise a return.

Meraas, the developer brand behind Nad Al Sheba Gardens Phase 12, has delivered Dubai residential projects including BVLGARI Residences on Jumeirah Bay Island, where first handovers took place in February 2018, and Bluewaters Residences on Bluewaters Island, whose first phase was handed over in February 2019. Phase 12 itself is registered with the DLD to NAS ESTATES L.L.C as project 4352, with a registered completion date of 1 August 2029. Those earlier deliveries describe the developer; the progress of Phase 12 is shown only by its own inspection entries.