RAW District 2 Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for RAW District 2, account number 0016*****568801 (full number in the Escrow Details section above). The account sits under DLD project number 4526, registered on 24 July 2026, and the same bank is named as the trust account bank on the RERA monitoring report for the project.

RAW District 2 is developed by Imtiaz Developments, registered with the Dubai Land Department under developer number 2717; the registered company name appears in the Escrow Details section above. Releases from the escrow account go to that registered developer against construction progress recorded by the DLD.

Both plans start with 20% at booking, paid into the escrow account. The 50/50 plan continues with six dated 5% instalments from 15 November 2026 to 1 October 2028, then 50% on completion (Q2 2029). The 60/40 plan continues with 35% across five dated instalments from 15 November 2026 to 15 May 2028, then 5% on completion and 40% spread over three years after handover. The dates follow the developer's published schedule and remain subject to the Sales and Purchase Agreement. Payments made before completion are held in escrow and released to the developer only against construction progress recorded by the Dubai Land Department.

No. The 4% DLD registration fee due at booking on both RAW District 2 plans is paid to the Dubai Land Department to register the purchase, not into the project escrow account, so it is not part of the funds held for construction. The purchase-price instalments, starting with the 20% booking payment, are the payments that go into escrow.

Under the post-handover 60/40 plan, 40% of the price is payable over three years after handover at 3.3% quarterly, as published by the developer. The published plan does not state how, or into which account, these post-handover instalments are collected. That collection route is governed by the Sales and Purchase Agreement and is a point for confirmation with the developer before the first post-handover payment.

The DLD register reading for RAW District 2 dated 08 July 2026 is 0%, and the RERA monitoring report from that inspection records that no construction activities had started. The registered construction start date is 01 December 2026. Construction-linked releases from escrow follow the progress the DLD records, so this reading is the baseline from which those releases are measured. Each new reading is tracked on the RAW District 2 construction updates page.

Yes. Money paid into the RAW District 2 escrow account remains there and is released only against recorded construction progress, whatever happens to the Q2 2029 handover date. Escrow protects capital while the building is completed; it does not compensate buyers for delay, and any delay terms sit in the Sales and Purchase Agreement.

No. Off-plan payments for RAW District 2 belong only in the DLD-registered escrow account 0016*****568801 at Dubai Islamic Bank (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one sweetened with a discount for paying directly, matches the standard pattern of payment fraud however genuine the paperwork appears. Such a request is tested against the Dubai REST escrow record and the escrow clause of the Sales and Purchase Agreement before any money moves.

Should the Dubai Land Department cancel a registered project, RERA takes control of the escrow account, and refunds to buyers are paid from the protected funds under DLD supervision. That safeguard only reaches money paid into the registered account, which is why payments sent anywhere else fall outside it. How that framework operates is covered in the Dubai Land Department guide.

The account can be checked in the Dubai REST app under Services, then Project Status, by searching project number 4526. The escrow panel shows the bank and the account number, which match the details on this page and in the escrow clause of the Sales and Purchase Agreement. Where the app and any other source disagree, the Dubai REST record is the reference.

Completed Imtiaz projects reported by the developer and the business press include Beach Walk Residence by Imtiaz on Dubai Islands (reported as the first residential handover on the islands, 80 residences), Westwood Grande in Jumeirah Village Circle (reported handed over ahead of schedule in December 2024), Westwood Grande II and Pearl House in Jumeirah Village Circle, with Pearl House also reported as handed over ahead of schedule, and Hyde Walk in Jumeirah Garden City.