One Escrow Account

Sharjah Islamic Bank holds the escrow account for One by Binghatti, account number 0011*****1089 (shown in full in the Escrow Details section above), opened under DLD project number 3107 when the project was registered on 1 July 2024.

Binghatti Developers FZE, developer number 1051, is the entity registered with the Dubai Land Department for this project, while Binghatti is the brand name used in marketing material. Dubai REST, the RERA inspection reports, and the Sales and Purchase Agreement all use the registered entity name, so a mismatch between the brochure and the app is expected rather than a warning sign.

The plan is split 70/30. The 20 percent booking payment and the monthly construction instalments, 18 percent at 9 percent per month across September and October 2026 followed by 32 percent at 8 percent per month from November 2026 to February 2027, all enter the escrow account first. Sharjah Islamic Bank releases those funds to the developer only against construction stages certified by DLD inspections, and the remaining 30 percent falls due at completion, expected in Q1 2027.

No. The 4 percent Dubai Land Department registration fee and the AED 5,000 administration fee are collected separately at booking and sit outside the escrow account, because they are government and processing charges rather than payments toward construction. Together with the 20 percent booking instalment they bring the day-one cost to 24 percent of the purchase price plus the administration fee.

The DLD inspection dated 14 May 2026 certified 50.21 percent completion, up from 38.68 percent at the previous inspection. Enabling, foundation, and substructure works are complete, and superstructure, MEP, internal finishes, and external envelope works are progressing at different levels of the tower. Dated milestone detail is tracked on the One by Binghatti construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are released only against certified construction progress, whatever the calendar says, and the retention portion held after completion is unaffected by timing. Escrow protects capital while a project completes; it does not itself compensate for delay, and any remedy for late handover sits in the Sales and Purchase Agreement.

No. Every off-plan payment for One by Binghatti must go into the DLD-registered escrow account 0011*****1089 at Sharjah Islamic Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or an alternative company account, particularly one paired with a discount for paying directly, is the standard pattern of payment fraud regardless of how official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before 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 the reason paying only into the registered account matters: money sent anywhere else sits outside that mechanism entirely. The wider framework is explained in the Dubai Land Department guide.

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

It depends on the tier. The property investment threshold for the 10-year Golden Visa is AED 2 million (approx USD 545,000). The premium studio, starting from AED 1.70 million (approx USD 463,000), sits below that threshold, while the larger layouts, starting from the one bedroom royal suite at AED 2.50 million (approx USD 681,000), clear it. The requirements and application timing are covered in the One by Binghatti Golden Visa guide.