Sea Cliff Residence Escrow Account

The Sea Cliff Residence escrow account is held with United Bank Limited (Management Office) under account number 2009*****; the full number appears in the Escrow Details section above. It is the trust account recorded for DLD project number 4306, which the Dubai Land Department registered on 23 February 2026.

Under the launch schedule of record, the 20% down payment, the six 5% instalments dated 15 June 2026 to 15 November 2027, and the 50% completion payment all go into the escrow account at United Bank Limited (Management Office). The bank releases funds to the developer only against construction progress verified under Dubai Land Department supervision, and the completion payment falls due at handover, expected in Q1 2028.

No. The 4% DLD registration fee is paid to the Dubai Land Department at the booking step, alongside the 20% down payment, and registers the unit under Oqood. It is a government fee rather than part of the purchase price, so it is never held in the escrow account and never released to the developer.

No. Every payment toward the purchase price of a Sea Cliff Residence unit belongs in the DLD-registered escrow account 2009***** at United Bank Limited (Management Office), with the full number available in the Escrow Details section above, and in no other account. A request to pay a personal account, a broker's account, or a different company account is the standard shape of payment-diversion fraud, especially when it arrives with a discount or a deadline attached. The escrow account recorded in Dubai REST and the one named in the Sales and Purchase Agreement are the two references any payment instruction has to match.

They stay in the escrow account. Under the launch schedule of record, 50% of the price is paid in by 15 November 2027, while the DLD register reading dated 20 July 2026 stands at 4.71%. That comparison is simple arithmetic and says nothing about delivery timing: releases to the developer follow verified construction progress, so money paid ahead of the site remains in the account until the works it pays for are recorded. Each dated reading is tracked on the Sea Cliff Residence construction updates page.

The protection does not depend on the calendar. If works run past the expected Q1 2028 handover, funds already in the escrow account stay there and are still released only against verified progress. Escrow keeps buyer capital ring-fenced while the building is finished; it pays no compensation for lateness, and any delay terms are set out in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then made from the money held in that account under DLD supervision. Only payments made into the registered account sit inside that mechanism; money sent to any other account falls outside it. The mechanism applies at every stage, including the early stage recorded by the 4.71% register reading of 20 July 2026. Dubai's off-plan escrow framework as a whole is covered in the Dubai Land Department guide.

The Dubai REST app lists the project under Services, Project Status, where it can be found by project number 4306 or by its register name, "Seacliff By Imtiaz". The project record shows the escrow bank and account number alongside the register readings, so the details on any payment instruction can be compared with the official entry before a transfer. The same account also appears in the escrow section of the Sales and Purchase Agreement.

The DLD register and the RERA inspection report list the developer as IMTIAZ LUXURY REAL ESTATE DEVELOPMENT L.L.C, developer number 2259, the company that markets the building under the Imtiaz Developments name. The register records the project itself as "Seacliff By Imtiaz" under project number 4306. Matching these register names against contract paperwork is part of the same check as matching the account number.

On Dubai Islands, Imtiaz Developments handed over Beach Walk by Imtiaz, a project of 80 residences, in March 2026. Elsewhere in Dubai its completed projects include Westwood Grande by Imtiaz and Westwood Grande II by Imtiaz in Jumeirah Village Circle, Westwood by Imtiaz in Al Furjan, and Hyde Walk by Imtiaz in Jumeirah Garden City. Its other Dubai Islands launches, Cotier House and Cotier House 2, are still off-plan and are not deliveries.

Escrow protects the capital paid into the registered account; it does not compensate buyers. It does not guarantee the Q1 2028 handover, pay damages for delay (those terms sit in the Sales and Purchase Agreement), protect money sent to any other account, or hold the 4% DLD registration fee, which goes to the Dubai Land Department. Service charges and other costs after handover are also outside it.