Silva at Dubai Creek Harbour Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Silva at Dubai Creek Harbour, account number 3538*****6207 (shown in full in the Escrow Details section above). The account is recorded in Dubai REST against DLD project number 3710, which was registered on 2 May 2025.

Silva's 80/20 plan routes the 10% booking payment and every later instalment into the escrow account first. The bank releases money to the developer against construction progress verified through RERA inspections, not against the payment calendar, so the dates on which buyers pay and the dates on which the developer is paid are separate. The final 20% is linked to 100% construction completion, estimated by the developer for September 2029.

The RERA inspection of 19 July 2026 put Silva at 10.16% in the DLD register, against a previous inspection reading of 6.3% that the register lists without a date. The inspection report recorded enabling works completed, foundations at an advanced stage and substructure works progressing. Releases from the escrow account follow readings like this one, and the first milestone-linked instalment falls due at 40% construction completion, estimated by the developer for March 2027. Each new reading is tracked on the Silva construction updates page.

Yes, the protection continues for as long as construction does. Funds remain in the escrow account and are released only against verified progress, whatever the calendar says; the DLD register currently records a completion date of 30 September 2029, in line with the expected Q3 2029 handover. Escrow protects capital while the project completes but does not itself compensate for delay, and delay terms sit in the Sales and Purchase Agreement.

No. Every off plan payment for Silva at Dubai Creek Harbour belongs in the DLD-registered escrow account 3538*****6207 at Emirates Islamic Bank P.J.S.C. (the full number sits in the Escrow Details section above), matching the escrow details in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, fits the standard pattern of payment fraud however official it appears. Neighbouring Dubai Creek Harbour projects hold escrow accounts at the same bank under numbers that can differ by a single digit, which makes a full 13 digit comparison against Dubai REST essential before any transfer.

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. That safety net covers money paid into the registered project account, so payments routed to any other account fall outside it. The wider framework is explained in the Dubai Land Department guide.

Oqood is the Dubai Land Department's interim register for off plan sales. Registering a Silva unit under Oqood records the purchase against DLD project number 3710, the same project the Emirates Islamic Bank P.J.S.C. escrow account is recorded against, and the booking payment enters the escrow account once the unit is registered. The Oqood record remains the buyer's registered proof of the purchase until the title deed is issued after completion.

No. Silva's payment plan pairs the 10% down payment on booking with the 4% DLD registration fee, but the fee is the Dubai Land Department's charge for registering the purchase rather than part of the unit price. The escrow account holds the price instalments, from the 10% booking payment through to the final 20% at completion.

The Dubai REST app shows the registered escrow details directly: under Services and Project Status, a search for project number 3710 or Silva opens the project record, and its Escrow Account panel lists Emirates Islamic Bank P.J.S.C. with the full account number. The same bank and number appear in the escrow details of the Sales and Purchase Agreement, so the two sources can be compared before each transfer.

No Silva phase has been delivered yet. Emaar's most recent Dubai deliveries on this record are Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024, each of which moved through DLD registration, escrow-held buyer payments and inspection-linked releases to handover. Creek Palace is itself a Dubai Creek Harbour phase, the closest comparison for a Silva buyer.