Passo by Beyond Escrow Account

Mashreq Bank PSC holds the escrow account for Passo by Beyond, account number 0190*****525 (shown in full in the Escrow Details section above), registered against DLD project number 3886 when the project entered the Dubai Land Department register on 28 July 2025.

The plan runs 20 percent across booking and the first month, 40 percent across eight installments of 5 percent dated between 01 April 2026 and 01 June 2029, and 40 percent on completion. Each of those payments is made into the escrow account rather than to the developer directly, and the bank releases funds only against construction stages certified by Dubai Land Department inspections. Handover is expected in Q3 2029.

The Dubai Land Department register records the construction start date as 31 December 2025. The first RERA Independent Progress Monitoring Report, dated 24 March 2026, carries a progress status of N/A with both the previous and the current inspection at 0 percent, and the inspection note states that no construction activities had been started at the time of inspection. Each new inspection is recorded on the Passo by Beyond construction updates page.

The escrow protection continues regardless of the calendar. Funds remain in the account and are released only against certified progress, so a slower schedule does not move money out of the account any faster. Escrow protects the capital while a project completes; it does not itself pay compensation for a delay, because delay remedies sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Passo by Beyond must go into the DLD-registered escrow account 0190*****525 at Mashreq Bank PSC (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 account or an alternative company account, especially one attached to a discount for paying directly, is the standard pattern of payment diversion fraud however 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 any funds leave the buyer.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected balance under DLD supervision. That is the reason only the registered account matters: money sent anywhere else sits outside the mechanism entirely and outside the reach of that process. The wider regulatory framework is explained in the Dubai Land Department guide.

Passo by Beyond is marketed by Beyond Developments, and the entity registered against project 3886 in the Dubai Land Department record is Estate Grand Real Estate Development L.L.C, developer number 1720. The trust account at Mashreq Bank PSC is held under that registration. Company background is covered on the Beyond Developments developer profile.

Handover is expected in Q3 2029, the completion date stated on the developer payment plan, where the final 40 percent falls due. The Dubai Land Department register separately carries a registered completion date of 31 December 2029, which is the regulatory end marker recorded for the project rather than the marketed handover quarter.

Yes, Passo by Beyond is a freehold project on Palm Jumeirah, open to all nationalities.

Residences at Passo by Beyond start at AED 5.50M (approx USD 1.50M), which is above the AED 2 million property investment threshold for the 10-year Golden Visa, and every unit type in the project sits above that threshold. Requirements and application timing are covered in the Passo by Beyond Golden Visa guide.