Sobha Estates Escrow Account

The Sobha Estates escrow account is held with Mashreq Bank PSC, account number 0195*****454 (the unmasked number is in the Escrow Details section above), under DLD project number 2793, registered with the Dubai Land Department on 29 December 2023. The same trust bank is named on the RERA progress report for the project.

The 20% booking payment and the 40% construction share are paid into the escrow account, and Mashreq Bank releases funds to the developer only against construction progress recorded through DLD inspections. The timing of the construction 40% is set in each Sales and Purchase Agreement, and the final 40% falls due on handover, expected in Q4 2027.

No. The 4% DLD registration fee goes to the Dubai Land Department to record the purchase, at the same stage as the 20% booking payment, and it never sits in the escrow account. The Mashreq Bank escrow account receives the purchase-price payments set out in the Sales and Purchase Agreement, not government fees.

The DLD register reading for Sobha Estates dated 15 September 2026 is 68.49%, and the previous reading on the register is 61.18%, shown without a date. According to the RERA progress report of that date, the enabling works are complete and the foundation works have reached an advanced stage, while structure, MEP, finishes, envelope, external and infrastructure works are under way at varying stages. Each new reading is logged on the Sobha Estates construction updates page.

The Project Status service in the Dubai REST app lists project number 2793 under the registered name "Sobha Estates", and its Escrow panel shows the trust bank and the account number. Both details are meant to match the Sales and Purchase Agreement and the Escrow Details section of this page before any transfer; where they differ, the Dubai REST record is the authority.

No. Off-plan payments toward a Sobha Estates villa belong in the DLD-registered escrow account 0195*****454 at Mashreq Bank (full number in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to move money into a personal account, an agent's own account or another company's account, particularly one offering a discount for paying outside escrow, matches the usual pattern of payment-diversion fraud, however official the paperwork appears. Such a request is checked against the escrow record in Dubai REST and the Sales and Purchase Agreement before any money moves.

The escrow protection does not depend on the calendar. Money held at Mashreq Bank is still paid out only as DLD inspections record progress, whatever the date. The registered completion date for project 2793 is 31 December 2027, consistent with the Q4 2027 handover. Escrow protects capital while the villas are built but does not itself pay compensation for a later handover; those terms sit in the Sales and Purchase Agreement.

Under the escrow framework, RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are handled from the funds held there under Dubai Land Department supervision. That protection reaches only money paid into the registered account, so payments sent anywhere else fall outside it. Sobha Estates stood at 68.49% on the DLD register on 15 September 2026, well into construction, and the safety net applies at every stage regardless. How that framework operates across Dubai is covered in the Dubai Land Department guide.

Yes. A retention portion is kept in the project's escrow account after completion to cover defect repairs, rather than the whole balance being released at handover. The Sobha Estates project documents do not state the retention amount or period. How an independent inspection of a finished villa works alongside that retention is the subject of the Sobha Estates snagging inspection guide.

The Dubai Land Department register and the RERA progress report list the developer of project 2793 as SOBHA L.L.C, developer number 966. The project is marketed under the Sobha Realty name, and that registered entity is the developer of record shown in Dubai REST.

The escrow account protects purchase payments made into the registered Mashreq Bank account and released against recorded construction progress. It does not hold the 4% DLD registration fee, it does not protect money sent to any other account, it does not pay compensation if handover comes later than expected, and it does not judge the finish quality of an individual villa, which is a matter for inspection at handover.