Sera 2 at Rashid Yachts & Marina Escrow Account

Abu Dhabi Commercial Bank holds the project trust account for Sera 2, account number 1275*****30005 (shown in full in the Escrow Details section above), opened under DLD project number 4032 when the project was registered on 14 August 2025. The same bank is printed as the Trust A/C bank on the RERA Independent Progress Monitoring Report issued after the inspection dated 2 June 2026.

Buyer payments sit in the escrow account and are released in tranches that follow construction certified by RERA appointed inspectors, not progress reported by the developer. The account is supervised by the Dubai Land Department, and the release of each tranche depends on inspected work rather than on the date printed in the payment plan. At Sera 2 the first certified reading is 0.04 percent, dated 2 June 2026, so the overwhelming majority of collected funds remain with the bank.

No. Every off plan payment for Sera 2 must go into the DLD-registered escrow account 1275*****30005 at Abu Dhabi Commercial Bank (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, especially one paired with a discount for paying directly, is the standard pattern of payment diversion fraud however 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.

The account is published in the Dubai REST app under Services, then Project Status. Searching project number 4032 opens the Sera 2 record, and the Escrow Account panel there lists the bank name and the registered account number. Comparing that panel against the escrow clause of the Sales and Purchase Agreement takes about two minutes and is the only check that does not rely on anybody's word, including this page's.

Certified progress is the completion figure a RERA appointed inspector records on site, and it sets the ceiling on what the developer can draw from the escrow account. The Sera 2 inspection dated 2 June 2026 certified 0.04 percent, up from 0 percent at the previous inspection, with progress status recorded as Enabling Works - Progressing. At that level effectively the entire escrow balance is still held rather than released. Inspection by inspection detail is tracked on the Sera 2 construction updates page.

The protection continues unchanged. Funds stay in the escrow account and are released only against certified construction progress, whatever the calendar says. The registered completion date held by the Dubai Land Department is 30 November 2029, which agrees with the November 2029 handover quoted at launch. Escrow protects capital while a project is completed; it does not itself compensate for late delivery, and those terms sit in the Sales and Purchase Agreement.

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: funds sent anywhere else sit outside that protection entirely and are not recoverable through this mechanism. The wider framework is explained in the Dubai Land Department guide.

An off plan home at Sera 2 is entered in the interim property register under Oqood once the Sales and Purchase Agreement is signed and the booking payment has reached the escrow account. The Oqood entry records the buyer against a specific unit before the building exists, and the 4% DLD registration fee is payable on top of the purchase price. The title deed itself is issued after completion and handover, when the unit moves from the interim register to the main property register.