Nautica One Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Nautica One, account number 0204*****2025 (shown in full in the Escrow Details section above), opened under DLD project number 2781 when the project was registered in September 2023.

Nautica One's 20/20/60 plan means the reservation and registration payments and the construction payment all land in the escrow account first. Emirates NBD releases funds to Select Group only against construction stages certified by DLD inspections, and the final 60 percent is weighted to completion, expected in Q4 2026.

The DLD inspection dated 24 April 2026 certified 64.57 percent completion, up from 46.73 percent at the previous inspection. Enabling, foundation, and structural works are complete, and MEP, the external envelope, and internal finishes are progressing across the tower. Dated detail is tracked on the Nautica One construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are still released only against certified progress, regardless of the calendar, and a retention portion is held in escrow after completion to cover defect repairs identified at a snagging inspection. Escrow protects your capital while the project finishes, but it does not itself compensate for delay; those terms sit in your Sales and Purchase Agreement.

No. Every off-plan payment for Nautica One must go into the DLD-registered escrow account 0204*****2025 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in your Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or another company account, particularly one offering a discount for paying directly, is the classic shape of payment fraud, however genuine the paperwork looks. Such a request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any money is sent.

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. This is precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection. With 64.57 percent of construction already certified, Nautica One is well past the stage where cancellation is a realistic concern, but the safety net exists either way. The wider framework is explained in the Dubai Land Department guide.

Yes, Nautica One is a freehold project, open to all nationalities.

The 10-year Golden Visa requires a property investment of at least AED 2 million. Nautica One two-bedroom apartments start from AED 2.10 million (approx USD 572,000), which clears that threshold, while one-bedroom apartments from AED 1.40 million sit below it. The full requirements and application timing are covered in the Nautica One Golden Visa guide.