Skyvue Stellar Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account used for Skyvue Stellar, account number 0015*****999001 (shown in full in the Escrow Details section above). The account sits under DLD project number 3435, listed as Skyvue, a registration that covers the Skyvue towers together rather than Skyvue Stellar alone, and the July 2026 inspection report names the same bank as the trust account bank.

In the Dubai REST app, the Project Status service holds the record under project number 3435 and the name Skyvue, not under Skyvue Stellar, because the Dubai Land Department registers the Skyvue towers together. The Escrow panel of that record shows the bank name and the account number, which are the reference for any payment instruction and for the escrow details written into the Sales and Purchase Agreement.

Under the 60/40 plan, 20% is paid on booking, 40% during construction in four payments whose dates are set in the Sales and Purchase Agreement, and 40% on handover, expected in Q1 2029. Payments toward the price go into the escrow account, and the bank releases funds to the developer only against construction progress recorded in DLD inspections.

No. The 4% DLD registration fee is paid to the Dubai Land Department when the purchase is registered, alongside the 20% booking payment, and it does not enter the escrow account. Only payments toward the purchase price are held in escrow.

The DLD inspection dated 30 July 2026 recorded a register reading of 10.54%, up from 5.11% at a previous inspection whose date the register does not show. The reading covers the whole Skyvue registration of four buildings, not Skyvue Stellar alone. Escrow releases follow progress recorded at that level, so the releases made so far can only reflect the early works on record. Each new reading is tracked on the Skyvue Stellar construction updates page.

The protection does not depend on the calendar. Money already paid remains with the escrow bank, and the bank keeps releasing it only as inspections record progress, whenever that progress comes. Escrow protects capital while construction continues; it does not compensate buyers for a later completion, and any terms on that point sit in the Sales and Purchase Agreement.

No. Each off-plan payment toward a Skyvue Stellar apartment is made into the DLD-registered escrow account 0015*****999001 at Dubai Islamic Bank (the full number sits 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 a different company account, often sweetened with a discount for settling outside escrow, is the standard shape of payment fraud, however official the paperwork appears. The safe reference for any such request is the Escrow panel in Dubai REST together with the Sales and Purchase Agreement, consulted before any 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 DLD supervision. That protection reaches only money paid into the registered account; a payment sent anywhere else falls outside it. The wider framework is explained in the Dubai Land Department guide.

Yes. A retention portion stays in the escrow account after completion to cover the repair of defects found once the apartments are delivered. The size and duration of that retention for Skyvue Stellar are not stated in the project documents behind this page.

SOBHA L.L.C is the developer entity recorded by the Dubai Land Department for project 3435, the Skyvue registration that includes Skyvue Stellar, and it is the name that appears in the register and in the inspection reports. Sobha Realty is the name under which the developer presents its projects, the Skyvue towers included.

The escrow account protects payments toward the price that are made into the registered account. It does not cover money sent to any other account, it does not compensate for a later completion date, and it does not guarantee resale value or rental income. Costs outside the purchase price, such as the 4% DLD registration fee, also sit outside escrow.