Pier Point 2 at Rashid Yachts & Marina Escrow Account

Emirates NBD Bank (P.J.S.C) holds the project trust account for Pier Point 2, account number 0205*****3711 (shown in full in the Escrow Details section above). The account sits under DLD project number 3305, and the same bank is named as the trust account bank on the RERA progress monitoring report issued for the project.

Releases follow certified construction progress rather than developer requests. An engineer inspecting for RERA records the percentage of works completed on site, and the bank pays out against that certification in stages. The inspection dated 14 May 2026 certified 8.48 percent completion at Pier Point 2, up from 6.25 percent at the previous reading, so only a small proportion of the funds collected has been released so far.

The latest inspection, dated 14 May 2026, certified 8.48 percent of works complete, with mobilization, enabling and piling activity recorded as ongoing and the progress status logged as Main Contract - Progressing. Inspection by inspection detail is tracked on the Pier Point 2 construction updates page.

No. Every off plan payment for Pier Point 2 belongs in the DLD-registered escrow account 0205*****3711 at Emirates NBD Bank (P.J.S.C), exactly as recorded in the Sales and Purchase Agreement, and the full number sits in the Escrow Details section above. A request to send funds to a company current account, a personal account or an agent account, particularly when it comes with a discount for paying quickly or directly, matches the standard pattern of payment diversion fraud however official the paperwork appears. Any such instruction should be checked against the escrow account registered in Dubai REST and against the Sales and Purchase Agreement 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 balance under DLD supervision. Money paid into any other account sits outside that mechanism and outside the refund process, which is the practical reason the registered account number matters more than any other detail in a transaction. The framework behind it is explained in the Dubai Land Department guide.

Yes. The account and its release mechanism are tied to certified construction progress rather than to the calendar, so funds remain in escrow and continue to be released only against inspected works whatever the delivery date turns out to be. Escrow protects capital while the project is completed; it does not itself pay compensation for a late handover, and any delay terms sit in the Sales and Purchase Agreement.

The Dubai REST app publishes the registered escrow details of every DLD-registered project. Opening Project Status, searching project number 3305 and reading the Escrow Account panel returns the bank name and the account number held on record, which can then be matched digit by digit against the Sales and Purchase Agreement and against the payment instruction received. A difference of even one digit means the instruction is wrong or fraudulent.

No. The 4% DLD registration fee is payable to the Dubai Land Department when the sale is registered and is separate from the purchase price that flows through the trust account. Only the payment plan amounts pass through escrow: the 10 percent down payment, the seven further instalments of 10 percent across construction, and the 20 percent balance due at handover in October 2028.

Yes. Pier Point 2 at Rashid Yachts & Marina is freehold and open to all nationalities, and the escrow rules apply identically to every buyer, resident or not. The protection attaches to the registered project and the registered account, not to the nationality or residency status of the person paying.

That depends on the unit. The property investment threshold for the 10 year UAE Golden Visa is AED 2 million (approx USD 545,000). At Pier Point 2 the two bedroom apartments from AED 2.87M (approx USD 781K), the three bedroom apartments from AED 4.07M (approx USD 1.11M) and the three bedroom townhouses from AED 8.73M (approx USD 2.38M) sit above that level, while the one bedroom apartments from AED 1.93M (approx USD 526K) sit below it. Qualifying options and the full requirements are covered in the Pier Point 2 Golden Visa guide.