Porto View at Rashid Yachts & Marina Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Porto View, account number 4031*****6986006, which is shown in full in the Escrow Details section above. The account is recorded against DLD project number 3306, registered on 23 September 2024.

The plan runs 10 percent on booking, 70 percent across seven instalments during construction, and a closing 20 percent at 100 percent construction completion in October 2028. Each of those payments enters the escrow account first. First Abu Dhabi Bank releases funds to the developer only against construction stages certified through Dubai Land Department inspections, and handover is expected in Q4 2028.

The Dubai Land Department register recorded 6.26 percent progress for Porto View on 2 June 2026, against a previous reading of 5.82 percent that the register leaves undated. The RERA independent progress monitoring report carrying the same inspection date notes that enabling, piling and foundation works are progressing, and prints no percentage of its own. Month by month detail is tracked on the Porto View construction updates page.

The protection continues regardless of the calendar. Funds remain in the escrow account and are released only against certified construction progress, so a slipped date does not move money outside the protected account. Escrow protects capital while a project completes; it does not itself compensate for delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Porto View belongs in the DLD-registered escrow account 4031*****6986006 at First Abu Dhabi Bank, with the full number available in the Escrow Details section above, exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent account, or an alternative company account, particularly one paired with a discount for paying directly, matches the standard pattern of property payment fraud however official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and against the Sales and Purchase Agreement before any funds are sent.

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 Dubai Land Department supervision. That mechanism is the reason paying only into the registered account matters: money sent to any other account sits outside the protection entirely. The wider framework is explained in the Dubai Land Department guide.

Yes. Porto View is a freehold project, open to all nationalities.

The UAE property investment threshold for the 10-year Golden Visa is AED 2 million. Porto View one bedroom apartments start at AED 1.93 million (approx USD 0.53 million), which sits below that threshold, while two bedroom apartments from AED 2.87 million (approx USD 0.78 million) and the larger layouts above them clear it. Qualifying options and application requirements are covered in the Porto View Golden Visa guide.