Rove Home Dubai Marina Escrow Account

Commercial Bank of Dubai (P.S.C.) holds the escrow account for Rove Home Dubai Marina, account number 1009*****4 (shown in full in the Escrow Details section above), opened under DLD project number 3393 when the project was registered in November 2024.

The developer registered with the Dubai Land Department is IRTH Elite Development L.L.C, developer number 1845. Rove Hotels is the brand and operating partner under a licence agreement and is not the seller, the developer or the party bound by the escrow rules. Payment instructions, the Sales and Purchase Agreement and the Dubai REST record all refer to the IRTH entity.

The 50/50 plan means the 10 percent booking payment and the eight subsequent instalments of 5 percent all land in the escrow account first. The bank releases funds to IRTH Elite Development L.L.C only against construction stages certified by DLD inspection, and the final 50 percent falls due at 100 percent completion, with handover expected in Q4 2027.

The RERA inspection dated 6 July 2026 certified 7.8 percent completion, up from 7.47 percent at the previous inspection, with enabling, piling and foundation works recorded as progressing on site. The tower is designed as a concrete structure over three basement levels, ground, four podium levels and forty floors. Inspection by inspection detail is tracked on the Rove Home Dubai Marina construction updates page.

No. The 4 percent Dubai Land Department registration fee sits outside the escrow account, along with the ERES fee and the AED 5,000 registration charge. Escrow protection applies to the purchase price paid toward the property, not to government fees, which are payable to the Dubai Land Department through its own channels.

Yes, the protection continues. Funds remain in the escrow account and continue to be released only against certified progress, regardless of the calendar. Escrow protects capital while the project is built, though it does not itself compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Rove Home Dubai Marina must go into the DLD-registered escrow account 1009*****4 at Commercial Bank of Dubai (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. The developer also holds a separate corporate account at the same bank, so a payment instruction naming the correct bank is not by itself confirmation that the destination is correct. Any request to send funds to a personal account, an agent's account or an alternative company account, particularly one paired with a discount for paying directly, is the classic pattern of payment fraud, however official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in 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 DLD supervision. This is the mechanism that makes paying only into the registered account matter: money sent anywhere else sits outside that protection and outside that process. The wider framework is explained in the Dubai Land Department guide.

Yes, Rove Home Dubai Marina is a freehold project, open to all nationalities.

It depends on the tier. Studios start from AED 1.28 million (approx USD 349,000), which sits below the AED 2 million property investment threshold for the 10-year Golden Visa, while the one bedroom residences from AED 4.47 million (approx USD 1.22 million) and the two bedroom residences from AED 5.90 million (approx USD 1.61 million) clear it. The requirements and application timing are covered in the Rove Home Dubai Marina Golden Visa guide.