Nautica Two Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Nautica Two, account number 0204*****2027 (shown in full in the Escrow Details section above), opened under DLD project number 2783 when the project was registered in October 2023.

Nautica Two's 20/20/60 plan means the booking and construction installments land in the escrow account first. The bank releases funds to Select Group only against construction stages certified by DLD inspections, and the final 60 percent is paid on completion, expected in Q4 2026.

The DLD inspection dated 24 April 2026 certified 64.34 percent completion, up from 46.08 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. Monthly detail is tracked on the Nautica Two construction updates page.

Yes, the protection continues. Funds stay in the escrow account and are released only against certified progress, regardless of the calendar, and a retention portion remains in escrow after completion to cover defects. Escrow protects your capital while the project completes, though it does not itself compensate for delays; those terms sit in your Sales and Purchase Agreement.

No. Every off-plan payment for Nautica Two must go into the DLD-registered escrow account 0204*****2027 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 an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are 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 exactly why paying only into the registered account matters: money sent anywhere else sits outside that protection. With 64.34 percent of construction already certified, Nautica Two is well past the stage where cancellation is a realistic concern, but the safety net exists regardless. The wider framework is explained in the Dubai Land Department guide.

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

One-bedroom apartments at Nautica Two start from AED 1.60 million (approx USD 436,000), which sits below the AED 2 million property investment threshold for the 10-year Golden Visa. Two-bedroom apartments start from AED 2.70 million (approx USD 735,000), above the threshold, so a qualifying two-bedroom purchase can support the visa. The full requirements and application timing are covered in the Nautica Two Golden Visa guide.