RAW District Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for RAW District by Imtiaz, account number 4031*****8063004 (shown in full in the Escrow Details section above), under DLD project number 4500, registered with the Dubai Land Department on 16 June 2026.

The Dubai REST app shows it under Services, then Project Status: a search for project number 4500 opens the project record, and its Escrow Account panel lists the bank and the account number. The same details appear in the buyer's Sales and Purchase Agreement, and a payment instruction is only consistent when all three sources carry the identical number.

Under both developer plans, the 20% booking payment and the instalments scheduled from 15 October 2026 onward are paid into the escrow account. The due dates come from the developer's plan, while releases from escrow to the developer follow construction progress recorded through RERA inspections, so the calendar and the release schedule run on separate tracks.

Funds are released in stages against construction progress recorded through RERA inspections and held on the Dubai Land Department register. The only inspection on file for RAW District by Imtiaz is dated 09 June 2026, when the DLD register read 0% and the RERA inspection report noted that no construction activities had started; construction is scheduled to start on 15 October 2026. Each new reading is tracked on the RAW District by Imtiaz construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are released only against recorded construction progress, whatever the calendar says. Handover is anticipated by the developer in Q1 2029; the Dubai Land Department register lists a later registered completion date, 15 December 2029. Escrow protects capital while the project completes but does not itself compensate for delays; delay terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for RAW District by Imtiaz belongs in the DLD-registered escrow account 4031*****8063004 at First Abu Dhabi Bank P.J.S.C. (the full number sits in the Escrow Details section above), exactly 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 that offers a discount for paying directly, matches the standard pattern of payment fraud however official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and the Sales and Purchase Agreement before funds move.

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 DLD supervision. That mechanism covers only money paid into the registered account, so payments sent anywhere else fall outside it. The wider framework is explained in the Dubai Land Department guide.

Oqood is the Dubai Land Department's interim register for off-plan units. A RAW District by Imtiaz purchase is recorded in Oqood under project 4500, which places the unit in the buyer's name on the DLD system long before the building exists. The 4% DLD registration fee listed with the 20% booking payment in both developer plans is the fee attached to that registration.

Yes. Instalments can be sent by international bank transfer to escrow account 4031*****8063004 at First Abu Dhabi Bank P.J.S.C., and the account details are the same wherever the transfer starts. The instalment amounts in the developer's plan are set in UAE dirhams, so transfers from abroad are typically sized to arrive as the full AED amount after conversion and bank charges.