Pearl House 4 Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Pearl House 4, account number 1011*****8449002 (revealed in full in the Escrow Details section above). The account is recorded against DLD project number 4129, which the Dubai Land Department registered on 11 October 2025, and the RERA inspection report of 7 October 2026 names the same bank as the project's trust account bank.

The Project Status service in the Dubai REST app lists the tower under its register name, Pearl House Iv By Imtiaz, with project number 4129 and status Active. Its Escrow panel shows the bank name, First Abu Dhabi Bank P.J.S.C., and the escrow account number, which is the same number given in the Escrow Details section of this page and the one a buyer's Sales and Purchase Agreement should carry.

Pearl House 4 is marketed under the Imtiaz Developments name, while the Dubai Land Department register and the RERA inspection report of 7 October 2026 record the project's developer as IMTIAZ LUXURY REAL ESTATE DEVELOPMENT L.L.C, developer number 2259. That registered entity, developer number 2259 and project number 4129 are the identifiers the register uses for this tower and its escrow account.

Pearl House 4 instalments follow calendar dates rather than construction stages: 20% on booking, then 5% on 15 January 2026, 10% on 15 March 2026, 5% on 15 July 2026 and 10% on 15 October 2026. At the Dubai Land Department project register reading dated 7 October 2026, which showed 17.93% construction progress, 40% of the price had fallen due; with the 15 October 2026 instalment the total reached 50%. Payments enter the escrow account on their due dates, while releases to the developer follow construction progress verified by DLD inspections. Each register reading is tracked on the Pearl House 4 construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department together with the 20% booking payment when the purchase is registered under Oqood. It is a government fee, so it never enters the escrow account and is not part of the money released to the developer against construction progress.

The final 40% of the Pearl House 4 price is due on completion, with handover expected in Q1 2028. Two further instalments of 5% each fall due before it, on 15 February 2027 and 15 July 2027. The completion payment is made into the same escrow account as every earlier instalment, and a retention portion stays in escrow after handover to cover defect repairs.

The protection continues whatever the calendar says. Buyer funds stay in the escrow account and are released to the developer only against verified construction progress. Escrow safeguards capital while the tower is built; it does not compensate buyers for a later handover, and any terms of that kind sit in the Sales and Purchase Agreement.

No. All off-plan payments for Pearl House 4 belong in the DLD-registered escrow account 1011*****8449002 at First Abu Dhabi Bank (the full number appears in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one offered with a discount for paying outside escrow, matches the standard pattern of payment fraud however official the paperwork appears. Such a request is checked against the escrow account shown in Dubai REST and against the Sales and Purchase Agreement before any money moves.

RERA takes control of the escrow account if a registered project is cancelled by the Dubai Land Department, and refunds to buyers are then handled from the protected funds under DLD supervision. That safety net covers money paid into the registered account for project 4129; funds sent to any other account sit outside it. The regulatory background to this mechanism is covered in the Dubai Land Department guide.

Escrow protects the capital paid into the registered account for project 4129 while the tower is built. It does not cover money transferred to any other account, it does not hold the 4% DLD registration fee, it does not compensate for a later handover (those terms sit in the Sales and Purchase Agreement), and it does not guarantee resale value, rental income or market prices.

According to Imtiaz announcements, the group has handed over Westwood Grande in Jumeirah Village Circle (reported in December 2024), Westwood Grande II in Jumeirah Village Circle, Hyde Walk in Jumeirah Garden City and Beach Walk Residence on Dubai Islands, where Imtiaz reported being the first developer to complete and hand over a residential project, with 80 residences. These are group-level developer announcements rather than DLD records, and they are not attributed to the entity registered for Pearl House 4.