Pier Point 1 at Rashid Yachts & Marina Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Pier Point 1 at Rashid Yachts & Marina, account number 4031*****6986009, which is shown in full on tap in the Escrow Details section above. The account was opened under DLD project number 3304 when the project was registered with the Dubai Land Department on 23 September 2024.

Every payment, starting with the down payment, is paid into the project escrow account rather than to the developer. The bank releases funds only against construction stages certified by RERA inspections, so money accumulates in the account until inspected work justifies each release. On the 80/20 schedule, eight payments totalling 80 percent fall during the build and the final 20 percent falls at completion, registered for 31 October 2028.

The RERA inspection dated 14 May 2026 certified 8.27 percent of construction complete, up from 6.12 percent at the previous inspection, with mobilization, enabling and piling works recorded on site and the main contract logged as progressing. Month by month detail is tracked on the Pier Point 1 construction updates page.

Yes. The money stays where it is, and releases keep depending on certified construction progress rather than on the calendar. Escrow protects the capital while a project completes; it does not itself pay compensation for a delay, and those terms sit in the Sales and Purchase Agreement.

No. Every off plan payment for Pier Point 1 must go into the DLD-registered escrow account 4031*****6986009 at First Abu Dhabi Bank P.J.S.C., the number recorded in the Sales and Purchase Agreement and shown in full on tap in the Escrow Details section above. An instruction pointing a buyer at an individual's account, a brokerage account or a second company account, particularly when a discount is attached to paying outside escrow, follows the familiar shape of payment diversion fraud however convincing the paperwork appears. Any such instruction can be checked against the escrow account registered in Dubai REST before any money moves.

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 Department supervision. Money paid into any other account sits outside that mechanism, which is the practical reason the registered account number matters on every single transfer. The framework behind that process is covered in the Dubai Land Department guide.

The Dubai Land Department registers project number 3304 to MINA RASHID PROPERTIES L.L.C under developer number 1275, while the project is marketed and sold as an Emaar Properties development. Both names appear against the same registered project, and the escrow account number is the detail that identifies where a payment belongs.

Yes. Pier Point 1 at Rashid Yachts & Marina is a freehold project, open to buyers of all nationalities.

The property investment route to the 10-year Golden Visa requires AED 2 million. One bedroom apartments at Pier Point 1 start at AED 1.93M (approx USD 526,000), which sits below that threshold and does not qualify on its own, while two bedroom apartments from AED 2.87M (approx USD 781,000), three bedroom apartments from AED 4.07M (approx USD 1.11M) and three bedroom townhouses from AED 8.73M (approx USD 2.38M) all clear it. The qualifying options and the application sequence are covered in the Pier Point 1 Golden Visa guide.