Seascape at Rashid Yachts & Marina Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Seascape, account number 0015*****277201 (displayed in full in the Escrow Details section above). The account is recorded against DLD project number 2513, which entered the Dubai Land Department register on 05 December 2022.

Instalments paid for Seascape stay in the escrow account until DLD inspections record construction progress on site, and the bank releases funds to the developer against that recorded progress, not on the developer's request alone. The launch schedule linked the later instalments to construction milestones of 20%, 40%, 60% and 80%, with a final 20% on completion; the exact link between a buyer's payments and progress is set in that buyer's Sales and Purchase Agreement.

The latest reading in the record is 79.13% in the Dubai Land Department project register for the inspection of 06 May 2026, with enabling, foundation and structure completed and the external envelope, external works, MEP and internal finishes progressing. At that level, most of the construction the escrow funds pay for had already been inspected on site, and what remains sits in the finishing works and completion. The launch schedule dated its 80% milestone row March 2026; how that row applies to an individual purchase is set in the Sales and Purchase Agreement. Each dated reading is tracked on the Seascape construction updates page.

Oqood is the Dubai Land Department's register for off-plan sales. Once a Seascape unit is registered in Oqood, the purchase is recorded against DLD project 2513 and the buyer's instalments are paid into the project's escrow account. After construction completion and settlement of the amounts due under the Sales and Purchase Agreement, the unit is typically transferred into the buyer's name and a title deed is issued by the Dubai Land Department.

No. The 4% DLD registration fee is a government fee calculated on the purchase price and paid to the Dubai Land Department when the sale is registered. It does not go into the Seascape escrow account and is separate from the instalments on the payment plan. On the launch schedule it was due alongside the 10% booking payment.

Yes. A later handover does not move the money out of protection: payments already made remain in the Seascape escrow account and are released only as DLD inspections record further progress, and a retention portion is held after completion for defect repairs. The escrow account safeguards capital, but it does not pay compensation for delay; any delay terms are those written into the Sales and Purchase Agreement. The defect check at handover is covered in the Seascape snagging inspection guide.

No. Off-plan payments for Seascape belong in the DLD-registered escrow account 0015*****277201 at Dubai Islamic Bank (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or any other company account, often presented as a change of bank details or with an incentive for paying directly, is the typical form of payment-diversion fraud, however genuine the documents appear. The escrow details registered for project 2513 in Dubai REST and the SPA are the reference points for checking any such request before funds move.

Under the DLD framework, RERA takes control of the escrow account if a project is cancelled, and buyer refunds are then paid out of the protected funds under Dubai Land Department supervision. That protection reaches only money paid into the registered account, so payments sent anywhere else fall outside it. With the structure completed and a register reading of 79.13% on 06 May 2026, Seascape is well beyond the stage at which cancellation is a realistic concern, but the mechanism applies regardless. The regulatory framework behind this is set out in the Dubai Land Department guide.

The Dubai REST app lists the escrow details of registered projects: under Services and Project Status, a search for project number 2513 or the name Seascape shows the escrow bank and account number. Those details should match both the Escrow Details section of this page and the escrow clause of the Sales and Purchase Agreement, and a difference of even one digit means the payment instruction is not reliable.

Seascape is an Emaar project, and recent Emaar deliveries in Dubai include Bliss (November 2024), June (June 2025), Seagate (September 2025), which sits beside Seascape at Rashid Yachts & Marina, and Creek Palace (March 2026). Emaar's Seascape brochure also reports more than 81,600 residential units delivered and more than 35,200 under development as at 31 December 2021. Seascape's own register history runs from registration on 05 December 2022 to a reading of 79.13% on 06 May 2026.

On the launch plan, the final 20% of the price falls due on construction completion, scheduled for November 2026, and it is paid into the same escrow account as the earlier instalments. A retention portion then stays in the account after completion to cover defect repairs. The amount and timing of the final payment for any individual purchase are those set in its Sales and Purchase Agreement.