Select Group · Peninsula · Escrow Account
Peninsula Four The Plaza Escrow Account
Where Every Dirham Stayed Protected Until Handover
The official DLD-registered escrow account for Select Group's completed Peninsula Four tower, checked against Dubai Land Department records. The building is finished, but the escrow rules still decide where your money is allowed to go, whether you are closing a resale, settling a final balance, or clearing retention.
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Official Account Details
Peninsula Four The Plaza Escrow Account at a Glance
Every dirham paid toward a residence at Peninsula Four The Plaza flowed into a single project escrow account supervised by the Dubai Land Department, never into Select Group's general accounts. These are the registered details as recorded in Dubai REST. My advice does not change now that the tower is finished: save the account number below, because on a completed building the people most likely to receive a faked payment instruction are resale buyers and owners settling a final balance.
Masked for security. Tap Show to reveal the full number, or Copy to copy it directly. Last checked against Dubai REST following the 24 June 2026 inspection recording 100 percent construction completion.
Emirates NBD Bank (P.J.S.C.)
2461
Completed
Select Group
06 October 2022
01 October 2022
1025
349
Where the Project Stands
Registration and Escrow Status
Peninsula Four The Plaza was registered with the Dubai Land Department on 6 October 2022 under project number 2461, and its escrow account with Emirates NBD was opened as a condition of that registration, before Select Group could collect a single payment from buyers. That sequence still matters now that the tower is finished: it means every installment across the entire build ran through independent supervision, and it is the paper trail a resale buyer's conveyancer follows today when checking that funds landed where they should have.
Looking for the month by month progress? Inspection results and milestone history live on the construction updates page.
Do It Yourself in 2 Minutes
Verify Peninsula Four The Plaza's Escrow Account Independently
Do not take this page's word for it, and do not take anyone else's either. The point of the escrow system is that you can check it yourself in a couple of minutes:
Open Dubai REST
In the Dubai REST app, go to Services, then Project Status.
Find the Project
Search project number 2461 or "Peninsula Four The Plaza".
Match the Details
Open the Escrow Account panel and match the bank and account number against this page and your contract before any transfer.
I verify these details against Dubai REST before publishing and after each new inspection. If anything on this page ever differs from what you see in the app, trust the app and tell me.
Before You Transfer
- Match the account number on your payment instruction to the Escrow Account panel in Dubai REST.
- Match the same number to the escrow details in your Sales and Purchase Agreement.
- Confirm the amount and the construction milestone it corresponds to.
- If anything differs, even by one digit, stop and message me before sending.
Your Money, Step by Step
How Peninsula Four The Plaza's Payment Plan Meets the Escrow Account
Peninsula Four sold on a 60/40 construction-linked plan: 20 percent plus the 4 percent DLD fee on booking, 40 percent during construction, and 40 percent on completion. Those milestones were fixed in each Sales and Purchase Agreement, while escrow disbursements followed the project's regulated approval process throughout construction. The project ultimately reached 100 percent construction completion at the 24 June 2026 RERA inspection following the Building Completion Certificate issued on 22 May 2026.
Booking and SPA: 20% + 4% DLD: 20%
Each deposit entered account 0204*****2020 once the unit was registered under Oqood. For original Peninsula Four buyers this stage completed long ago, and every dirham of it passed through DLD supervision.
Construction Installments: 40%: 40%
Funds accumulated in escrow and were released to Select Group only as DLD certified each stage of works. With the tower now finished, this stage is complete and its releases are behind the project.
Completion: 40%: 40%
The final tranche fell due as Select Group delivered the residences. A retention portion also stays in escrow after completion to cover defect repairs, which is where this account still earns its keep today.
The retention held in escrow after completion pairs with an independent handover snagging inspection: it gives the developer a financial reason to fix what your inspection finds.
Insights
Project Insights for Peninsula Four The Plaza Buyers
You Are Here
This page: the Emirates NBD escrow details, verification steps, and how Peninsula Four payments stay protected through completion.
Peninsula Four The Plaza: Dubai Canal Twin Tower Record
Peninsula Four The Plaza, Select Group's 1,025-residence twin towers on the Dubai Canal, went from 88.45% to 100% by June 2026.
Construction Updates
Peninsula Four The Plaza Golden Visa: The Line Runs Through the List
Select Group's Peninsula Four The Plaza in Business Bay qualifies at 3 bedroom apartments and the duplex loft and penthouse collection.
Golden Visa
Peninsula Four The Plaza Snagging on Dubai Canal
Peninsula Four The Plaza is Select Group's twin-tower development on the Dubai Water Canal, 1,025 residences from studios to duplex penthouses.
Snagging InspectionThe Project
Explore the Peninsula Four The Plaza Project
The account on this page protected payments toward a specific asset, and the strength of that asset is half the investment case. The full Peninsula Four guide covers what those protected installments actually bought: layouts, pricing, amenities, and the plaza-front position within the Peninsula waterfront community.
Peninsula Four The Plaza: Select Group Residences on the Dubai Canal
Peninsula Four The Plaza is the plaza-front address in Select Group's Peninsula community, pairing studios with duplex lofts and penthouses.
View the Peninsula Four The Plaza Project GuideStructure
Explore Business Bay Structure
Peninsula Four's escrow account protected your payments into one tower of a much larger waterfront masterplan. Reading the community, the district around it, and the developer behind them is how you judge what your protected money bought into.
Business Bay Properties for Sale
Browse canal-front apartments, penthouses and branded residences for sale across Business Bay.
See Business Bay Properties for Sale
Business Bay Community Overview
Read the Business Bay guide: canal-front towers, offices and residences minutes from Downtown, with prices and rental demand covered.
Explore the Business Bay Community
Select Group: Premium Waterfront Residences From Marina Gate to Peninsula
Select Group delivers waterfront developments in Palm Jumeirah, Business Bay and Dubai Marina: founded in 2002, with over 7,000 units delivered.
View the Select Group Developer ProfileFAQs
Peninsula Four The Plaza Escrow Account Frequently Asked Questions
Emirates NBD Bank (P.J.S.C.) holds the escrow account for Peninsula Four The Plaza, account number 0204*****2020 (shown in full in the Escrow Details section above), opened under DLD project number 2461 when the project was registered in October 2022.
Yes. Peninsula Four The Plaza is registered with the Dubai Land Department as finished. The Building Completion Certificate was issued on 22 May 2026, followed by the latest RERA inspection on 24 June 2026 recording 100 percent construction completion. The original DLD registered completion date remains 1 February 2026.
Peninsula Four's 60/40 plan meant the booking deposit and construction installments all landed in the escrow account first. The bank released funds to Select Group only against construction stages certified by DLD inspections, with the final 40 percent tied to completion. A retention portion remains in escrow after handover to cover defect repairs.
Yes. Owners and resale buyers still receive fraudulent payment requests, and the completion retention held in escrow only releases against fixed defects. Any remaining balance, resale settlement, or retention-related payment must still go to the registered escrow account, not to a personal or alternative account.
No. Every regulated payment for Peninsula Four must go into the DLD-registered escrow account 0204*****2020 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in your Sales and Purchase Agreement or resale contract. 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 before any funds are sent.
Escrow protects capital by holding buyer funds under DLD supervision and releasing them only against verified progress, and after completion it holds a retention against defect rectification. It does not itself compensate for delays or disputes, which are governed by the terms of the Sales and Purchase Agreement. The wider framework is explained in the Dubai Land Department guide.
Yes, Peninsula Four The Plaza is a freehold project, open to all nationalities.
Peninsula Four The Plaza includes 1,025 residential units across two 52-storey waterfront towers, including studios, apartments, a collection of 16 duplex lofts, and penthouses.
It depends on the unit. The property investment threshold for the 10-year Golden Visa is AED 2 million (approx USD 545,000). Peninsula Four studios start from AED 1.30 million and the one-to-two-bedroom apartments also sit below the threshold, while the 3-bedroom apartments and the duplex lofts and penthouses clear it. The full requirements and qualifying tiers are covered in the Peninsula Four 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. 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.