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 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
Finished
Select Group
6 October 2022
1 October 2022
1 February 2026
1,025
114,514.32 sq. m.
Freehold, all nationalities
Before transferring any amount, re-confirm this account number in Dubai REST or against your Sales and Purchase Agreement or resale contract. Never rely on an account number that arrives by email alone: payment-diversion fraud almost always begins with a convincing email, and the escrow number is the single detail it has to fake.
Rule one: no payment ever goes to any account other than 0204*****2020 (tap Show above for the full number), regardless of who requests it or how official the request looks.
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.
The latest RERA inspection on record, dated 24 June 2026, recorded 100 percent construction completion following the Building Completion Certificate issued on 22 May 2026. Peninsula Four The Plaza is now registered as finished, while the original DLD registered completion date remains 1 February 2026. At this stage the escrow question is no longer whether the tower will be delivered, but how final balances, retention, title transfer, and resale settlements are completed safely through the registered payment framework.
Want the inspection history behind that completion record? The full inspection timeline, milestone reports, and month-by-month construction progress, ending with the 24 June 2026 inspection recording 100 percent completion, are available on the Peninsula Four construction updates page.
Do It Yourself in 2 Minutes
Verify Peninsula Four'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 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 or resale contract.
- Confirm the amount and, for any remaining balance, the stage it corresponds to.
- If anything differs, even by one digit, stop and message me before sending.
Your Money, Step by Step
How Peninsula Four's Payment Plan Met 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
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%
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%
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.
That post-completion retention is the layer most buyers never hear about, and on a just-delivered tower it matters most: it pairs naturally with a professional handover snagging inspection, because the retention gives the developer a financial reason to fix what your inspection finds before you sign for the keys.
Because Peninsula Four's escrow account was active before sales began, every buyer payment since launch flowed through DLD supervision rather than straight to the developer, and the completed record now sits verifiable in Dubai REST rather than resting on a brochure claim. For how the Dubai Land Department regulates off-plan projects and protects buyers across the market, read the Dubai Land Department guide.
Insights
Project Insights for Peninsula Four The Plaza Buyers
Escrow protection is one layer of a well-handled Peninsula Four purchase, and on a finished tower it works best read alongside the rest of the picture: what the DLD inspections certified on the way to completion, whether your tier clears the Golden Visa threshold, and how you will verify the delivered residence before you accept it. These guides carry each of those threads.
Peninsula Four Construction Updates
Track every recorded inspection from early construction through the 24 June 2026 RERA inspection confirming 100 percent construction completion.
Peninsula Four The Plaza Construction Updates
Peninsula Four Golden Visa Guide
Studios start below the AED 2 million threshold, while the 3-bedroom and duplex tiers clear it: see which units support 10-year residency.
Peninsula Four The Plaza Golden Visa GuidePeninsula Four Escrow Account
This page: the Emirates NBD escrow details, verification steps, and how Peninsula Four payments stay protected through completion.
Peninsula Four Snagging Inspection
The escrow retention held after completion pairs with an independent defect inspection before you accept a delivered residence.
Peninsula Four The Plaza 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 Project Guide
Prices from AED 1.30M (approx USD 353,000), studios through to 3-bedroom apartments, duplex lofts, and penthouses across two 52-storey canal-front towers, with the full investment case for the residences your escrow payments built.
View the Peninsula Four The Plaza Project GuideStructure
Explore the Peninsula 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.
Peninsula Waterfront Apartments for Sale
Compare Peninsula Four against every available Peninsula address: apartments, duplex lofts, penthouses, prices, and canal views side by side.
Peninsula Waterfront Apartments for Sale
Business Bay Master Community
The Dubai Canal district around the tower: waterfront promenades, dining, office towers, and its short hop to the Downtown core.
Business Bay Master Community Guide
Select Group Developer Profile
The delivery record, waterfront communities, and landmark projects behind the developer that received Peninsula Four's escrow releases.
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. 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.