Rove Home Marasi Drive Escrow Account

Commercial Bank of Dubai (P.S.C.) holds the escrow account for Rove Home Marasi Drive, account number 1008*****3 (shown in full in the Escrow Details section above), opened under DLD project number 2966 when the project was registered in April 2024.

The registered developer is IRTH Signature Development L.L.C, DLD developer number 1844, marketed under the shorter name IRTH. Rove is a hotel brand licensed to the building for branding and operational supervision; it does not own, develop or sell the residences. The escrow account itself is registered in the project's name, Rove Home Marasi Drive.

The 50/50 construction-linked plan means the 10 percent reservation payment and the 40 percent of milestone instalments all enter the escrow account first. The bank releases funds to the developer only against construction stages certified by DLD inspections, and the final 50 percent falls due on completion, expected in Q2 2027.

The DLD inspection dated 6 July 2026 certified 10 percent completion, up from 9.7 percent at the previous inspection, with enabling and piling works progressing on site. Monthly detail is tracked on the Rove Home Marasi Drive construction updates page.

No. The 4 percent Dubai Land Department registration fee is a government charge and sits outside the escrow account, as does the AED 5,000 ERES and administration charge. Only payments toward the unit price flow into the escrow account.

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

No. Every off-plan payment toward the unit price must go into the DLD-registered escrow account 1008*****3 at Commercial Bank of Dubai (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how 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 precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection and outside that process. The wider framework is explained in the Dubai Land Department guide.

Releases follow certified construction rather than the payment calendar. With certified progress recorded at 10 percent as of the 6 July 2026 inspection, the large majority of buyer money paid into the Rove Home Marasi Drive escrow account has not yet been released, and further releases depend on future inspections certifying further work.

Yes, Rove Home Marasi Drive is a freehold project, open to all nationalities.

It depends on the tier. Two bedroom residences start from AED 2.59 million (approx USD 705,000), above the AED 2 million property investment threshold for the 10-year Golden Visa. Studio Flex residences from AED 1.05 million (approx USD 286,000) and one bedroom apartments from AED 1.499 million (approx USD 408,000) fall below that threshold. The full requirements and application timing are covered in the Rove Home Marasi Drive Golden Visa guide.