Select Group · Dubai Maritime City · Escrow Account
Nautica Two Escrow Account
The Account That Has to Earn Your Money Before It Moves
The DLD-registered escrow account for Select Group's Nautica Two tower in Dubai Maritime City, cross-checked against Dubai Land Department records so every payment you send settles where the law can protect it, not in a developer's general account.
Direct advisor access. Every message answered personally, never by a call center.
Official Account Details
Nautica Two Escrow Account at a Glance
Every dirham you commit to an apartment at Nautica Two moves into one project escrow account watched by the Dubai Land Department, held apart from Select Group's own operating funds. Below are the registered details exactly as they read in Dubai REST, and my advice to every client is the same here: save the account number, because when a transaction goes wrong it is almost always the one safeguard still standing.
Masked for security. Tap Show to reveal the full number, or Copy to copy it directly. Last checked against Dubai REST after the 24 April 2026 inspection.
Emirates NBD Bank (P.J.S.C.)
2783
Active
Select Global Development L.L.C
972
12 October 2023
19 October 2023
328
No. 45, Madinat Dubai Almelaheyah
Freehold, all nationalities
Before you move any installment, re-confirm this account number in Dubai REST or against your Sales and Purchase Agreement. Never work from an account number that arrived by email alone: payment-diversion fraud almost always opens with a convincing email, and the escrow number is the one detail it has to forge.
Rule one: no payment goes to any account other than 0204*****2027 (tap Show above for the full number), no matter who asks or how official the request looks.
Where the Project Stands
Registration and Escrow Status
Nautica Two was entered on the Dubai Land Department register on 12 October 2023 under project number 2783, and its escrow account at Emirates NBD had to be open before Select Group, listed with the DLD as Select Global Development L.L.C, could take a single dirham from a buyer. That order of events matters to both people reading this page: a family placing a deposit knows it never sat in an unprotected account, and an investor knows the tower's cash has run under outside supervision since the first sale.
The most recent DLD inspection, dated 24 April 2026, certified construction at 64.34 percent, up from 46.08 percent at the prior check. The tower's enabling, foundation and structural works are finished, with MEP, the external envelope and internal finishes now advancing across the G plus 41 residential levels. Past the two thirds mark and with a Q4 2026 handover in view, the escrow question is no longer whether Nautica Two gets built; it is how tightly the final releases and the post-handover retention are handled, and that is a far healthier thing to be watching.
Want the inspection by inspection detail? Milestone history, works breakdowns and each certified percentage sit on the Nautica Two construction updates page.
Do It Yourself in 2 Minutes
Verify Nautica Two's Escrow Account Independently
Do not take this page on trust, and do not take anyone else's word either. The point of the escrow system is that you can confirm it yourself:
Open Dubai REST
In the Dubai REST app, go to Services, then Project Status.
Find the Project
Search project number 2783 or "Nautica Two".
Match the Details
Open the Escrow Account panel and match the bank and account number against this page and your SPA before every transfer.
I check these details against Dubai REST before publishing and again after each new inspection. If anything here ever reads differently from the app, trust the app and tell me.
Before You Transfer
- Check the account number on any payment instruction against the Escrow Account panel in Dubai REST.
- Check that same number against the escrow details written into your Sales and Purchase Agreement.
- Confirm the amount and which certified construction stage it settles.
- If a single digit looks off, pause and message me before you send anything.
Your Money, Step by Step
How Nautica Two's Payment Plan Meets the Escrow Account
Nautica Two sells on a 20/20/60 plan: 20 percent across booking and registration, a further 20 percent during construction, and 60 percent on completion. Your due dates are fixed in your Sales and Purchase Agreement, but the schedule alone hides the part that protects you: Select Group cannot draw those funds at will. The bank releases money only against construction the DLD has certified, such as the stage recorded on 24 April 2026.
Booking and Registration: 20%
An AED 50,000 reservation, topped up to 20 percent within 14 days, enters account 0204*****2027 as your unit is registered under Oqood. For buyers already in Nautica Two this stage is complete, every dirham of it under DLD supervision.
Construction Installment: 20%
A further 20 percent falls due within six months of reservation, accumulating in escrow and released to Select Group only as the DLD certifies each stage. With 64.34 percent now certified, the structure is behind the tower and this stage is well advanced.
Completion: 60%
The balance is due when Select Group hands over your apartment, expected in Q4 2026. A retention portion also stays in escrow after completion to fund defect repairs.
With most of the price falling due at completion, that post-handover retention matters more here than on a front-loaded plan, and it pairs naturally with a professional handover snagging inspection: the retention gives the developer a financial reason to fix what your inspection finds.
Because Nautica Two's escrow account was live before the first sale, every buyer payment since launch has passed through DLD supervision rather than landing straight with the developer. With 64.34 percent of works certified, most of the construction-linked value in the tower has been checked on site rather than merely reported. For how the DLD regulates off-plan projects and protects buyers across the market, read the Dubai Land Department guide.
Delivery History
Select Group's Escrow Track Record in Dubai
Nautica Two is not a first attempt, and this is where I move clients off the brochure and onto the record. While this tower has been rising, Select Group's name sits on a run of Dubai residential buildings already taken through the same escrow and inspection system to completed handover:
- Jumeirah Living Marina GateDelivered 2020
- Studio OneDelivered 2019
- Marina Gate IIDelivered 2019
- Marina Gate IDelivered 2018
Each of those towers ran on its own DLD-registered escrow account, was inspected against the same milestone framework now governing Nautica Two, and reached the point where owners collected keys. For an investor weighing exit timing or a buyer asking whether Q4 2026 is realistic, that history is the most concrete read available on how this developer performs inside these rules. The full portfolio and delivery record sit on the Select Group developer profile.
Insights
Project Insights for Nautica Two Buyers
Escrow protection is one layer of a well-run Nautica Two purchase, and it works hardest when you read it next to everything around it: what the DLD inspections are certifying on the tower, whether your apartment clears the Golden Visa threshold, and how you will check the finished unit before you accept the keys. These guides pick up each of those threads.
Nautica Two Construction Updates
Follow the DLD inspections behind every escrow release, including the 24 April 2026 report certifying 64.34 percent.
Nautica Two Construction Updates
Nautica Two Golden Visa Guide
One-bedroom entry prices sit below the AED 2 million threshold while two-bedroom homes clear it: see how a qualifying purchase supports 10-year residency.
Nautica Two Golden Visa GuideNautica Two Escrow Account
This page: the Emirates NBD escrow details, verification steps, and how your Nautica Two payments stay protected.
Nautica Two Snagging Inspection
The escrow retention held after completion pairs with an independent defect inspection before you accept your apartment.
Nautica Two Snagging InspectionThe Project
Explore the Nautica Two Project
The account on this page guards payments toward a specific tower, and the quality of that tower is half the investment case. The full Nautica Two guide covers what your protected installments are actually buying: layouts, pricing, the waterfront amenity deck, and the Dubai Maritime City setting around it.
Nautica Two Project Guide
Prices from AED 1.60M (approx USD 436,000), one and two bedroom waterfront apartments from 615 to 1,032 sq ft, the podium amenity deck, payment plan, and the full investment case for the 328-home tower your escrow payments are building.
View the Nautica Two Project GuideStructure
Explore Dubai Maritime City
Nautica Two's escrow account protects your payments into one tower on a much larger waterfront peninsula. Reading the district, the wider development, and the developer behind them is how you judge what your protected money is buying into.
Dubai Maritime City Properties for Sale
Compare Nautica Two against other available homes across the Maritime City waterfront: towers, apartments, prices and plans side by side.
Dubai Maritime City Properties for Sale
Dubai Maritime City Community
The 227-acre peninsula between Port Rashid and Drydocks World, its marina, and the masterplan that gives Nautica Two its long-term context.
Dubai Maritime City Community Guide
Select Group Developer Profile
The delivery record, landmark towers, and track record behind the developer receiving Nautica Two's escrow releases.
Select Group Developer ProfileFAQs
Nautica Two Escrow Account Frequently Asked Questions
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.
Your Advisor
Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is making sure your money lands where the law protects it. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.
Ask your question, get your answer. No obligation and no follow-up unless you ask for it.