Selvara at Grand Polo Escrow Account

National Bank of Ras Al Khaimah (P.S.C.) holds the project escrow account for Selvara at Grand Polo, account number 0322*****4007 (shown in full in the Escrow Details section above), opened under DLD project number 3822 when the project was registered on 13 June 2025.

Only the escrow bank, and only against recorded construction progress. Emaar cannot withdraw buyer funds at will: releases follow the progress recorded for project 3822 through independent RERA inspections, the most recent dated 14 May 2026 at 2.81 percent. Each new reading is tracked on the Selvara at Grand Polo construction updates page.

The account is a public record in the Dubai REST app, under Services, then Project Status, searching project number 3822 or the register name "Grand Polo - Selvara". The Escrow Account panel there shows the bank and account number registered with the Dubai Land Department, and those details should match both the Sales and Purchase Agreement and any payment instruction before funds are sent.

No. Every off plan payment for Selvara at Grand Polo goes into the DLD-registered escrow account 0322*****4007 at National Bank of Ras Al Khaimah (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A 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 standard shape of payment diversion fraud regardless of how official the paperwork appears.

The number appears as 0322*****4007 so that the full thirteen digit account number cannot be lifted from a search result or a screenshot and reused inside a fraudulent payment request. The complete number is available on the page itself through the Show and Copy controls in the Escrow Details section, and it can be matched against the Escrow Account panel for project 3822 in Dubai REST.

No. The 4 percent Dubai Land Department registration fee is due at booking alongside the 10 percent down payment, and it is paid to the Dubai Land Department for registering the purchase rather than into the project escrow account. Escrow holds the purchase instalments that fund construction; the registration fee is a government charge and sits outside that balance.

Oqood is the Dubai Land Department system that records an off plan unit against its buyer before the villa physically exists, under project number 3822. The two work as a pair: the escrow account governs where the money sits, while Oqood records who the villa belongs to. An Oqood receipt issued in the buyer's own name is what ties a protected payment to a specific unit at Selvara at Grand Polo.

Dubai Law No. 8 of 2007 on escrow accounts for real estate development in the Emirate of Dubai. It requires a developer to hold buyer payments for an off plan project in a dedicated escrow account with an approved bank, and it ties withdrawals to construction progress rather than to the developer's own timing. Selvara at Grand Polo sits inside that framework through its DLD-registered account at National Bank of Ras Al Khaimah.

Where the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected balance under DLD supervision. That is precisely why the registered account is the only safe destination: funds sent anywhere else were never inside the protection in the first place. Selvara at Grand Polo is carried on the register as Active under project number 3822, with a registered completion date of 30 April 2029. The framework is set out in the Dubai Land Department guide.

Yes. Money already paid stays in the escrow account and continues to be released only against recorded construction progress, whatever the calendar says. Escrow protects the capital while the project is completed, but it does not itself pay compensation for a delay: any delay terms sit in the Sales and Purchase Agreement.