SeaPoint at Emaar Beachfront Escrow Account

The escrow account for SeaPoint at Emaar Beachfront is held by First Abu Dhabi Bank P.J.S.C. under account number 4031*****7653017, which the Escrow Details section above shows in full. It is registered to Dubai Land Department project number 2633, on the register since 16 April 2023.

The plan runs 10 percent at booking, 80 percent across eight instalments during construction, and a closing 10 percent at 100 percent construction completion in April 2028. Each of those payments is made into the escrow account rather than to the developer directly, and First Abu Dhabi Bank releases funds to Emaar only against construction stages certified by Dubai Land Department inspections.

The Dubai Land Department inspection dated 24 June 2026 certified construction at 36.78 percent, against a previous recorded reading of 25.15 percent. Enabling, piling, foundation and substructure works are recorded complete, while superstructure, external envelope, MEP and internal finishing works are progressing. The month by month record is tracked on the SeaPoint at Emaar Beachfront construction updates page.

Yes. Funds remain in the escrow account and continue to be released only against certified construction progress, whatever the calendar does. Escrow protects the capital while the project is completed; it does not itself pay compensation for a delay, and any terms covering late delivery sit in the Sales and Purchase Agreement.

No. Off plan payments for SeaPoint at Emaar Beachfront belong in the DLD-registered escrow account 4031*****7653017 at First Abu Dhabi Bank, the account set out in full in the Escrow Details section above and written into the Sales and Purchase Agreement. Where someone asks for funds to go to a personal account, an agent's account or another company account, especially in return for a discount on paying that way, the request matches the usual shape of payment diversion fraud however convincing its paperwork looks. Anything of that kind can be tested against the escrow account registered in Dubai REST, and against the contract, before money moves.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected funds under Dubai Land Department supervision. That mechanism reaches only money actually paid into the registered account, because funds sent anywhere else sit outside the protection entirely. The wider regulatory framework is explained in the Dubai Land Department guide.

The Dubai REST app publishes the registered escrow details for every project on the Dubai Land Department register. Under Services, then Project Status, a search for project number 2633 returns SeaPoint at Emaar Beachfront, and its Escrow Account panel names the trust account bank and the registered account number. Comparing that panel against the escrow details written into the Sales and Purchase Agreement confirms both records before an instalment is transferred. Where a payment instruction differs from the registered record shown in the app, the registered record is the one that governs.

No. The 4% DLD registration fee is a government registration charge payable to the Dubai Land Department at booking, and it sits outside the escrow account. Escrow holds the purchase instalments themselves, the 10 percent at booking, the 80 percent spread across construction and the closing 10 percent at completion, and First Abu Dhabi Bank releases those funds to the developer only against certified construction progress. Because the registration fee never enters the escrow account, it is not part of the balance that escrow protects.