South Beach at Emaar Beachfront Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for South Beach, account number 0016*****719101 (revealed in full in the Escrow Details section at the top of this page). The account belongs to DLD project 2094, registered on 28 October 2018, under which South Beach is recorded as Tower 1, and the same bank is named as the trust account bank in the RERA progress monitoring report dated 23 February 2023.

In Dubai Land Department records, South Beach is Tower 1 of project 2094, a registration filed as "Marina Vista", and an escrow account is opened for a registered project rather than for each building in it. The same registration includes the second, taller building, sold under the Marina Vista name, which rises from the same podium, so both towers share one register entry and one escrow account at Dubai Islamic Bank. A Dubai REST search for project 2094 returns that account; a search under the South Beach name does not.

While South Beach was being built, buyer payments for the registration went into the escrow account and were released to the developer in stages as the Dubai Land Department recorded construction progress. That phase ended when the DLD register reached 100 percent on 23 February 2023, and Dubai REST now lists project 2094 as Finished. The account remains the reference for any payment a Sales and Purchase Agreement directs to escrow, and its registered details are the benchmark for spotting a falsified payment instruction. The completion record is tracked on the South Beach construction updates page.

No. Any payment that a South Beach Sales and Purchase Agreement directs to escrow goes only to the DLD-registered account 0016*****719101 at Dubai Islamic Bank (the complete number is available in the Escrow Details section at the top of this page). A request to route that money to an individual's account, a broker's account or some other company account, particularly one paired with a discount for paying outside escrow, matches the usual pattern of payment-diversion fraud, however official the documents look. Such a request is checked against the account Dubai REST shows for project 2094 and against the escrow clause of the Sales and Purchase Agreement before money leaves the buyer's bank.

No. The 4% DLD registration fee on a South Beach purchase is paid to the Dubai Land Department to register the buyer's ownership, not into the escrow account at Dubai Islamic Bank. It is a government charge separate from the purchase price, so it never forms part of the funds held in or released from escrow. How DLD registration works is explained in the Dubai Land Department guide.

On a South Beach resale, the price is paid to the selling owner at transfer through the Dubai Land Department trustee process, usually by manager's cheque, and it does not pass through the project escrow account; any mortgage the seller still owes on the unit is typically cleared at the same transfer. On a purchase directly from Emaar, the payment destination is the one written into the Sales and Purchase Agreement, and where that is an escrow account it should match the account registered for project 2094. In both cases the bank details are confirmed against official records rather than an email.

In the Dubai REST app, the Project Status service lists the registration under project number 2094, named "Marina Vista", rather than under South Beach. Its Escrow Account panel shows the bank and account number, which should match both this page and the Sales and Purchase Agreement. The same entry shows the register status, Finished, and the latest reading, 100 percent on 23 February 2023; that reading had aged 1,316 days by 1 October 2026, which makes the live entry the current authority.

Oqood is the Dubai Land Department's interim register for off-plan sales: while South Beach was under construction, each sale was recorded there and the buyer's payments flowed into escrow. With the building complete, ownership is registered as a title deed at the Dubai Land Department, either when an off-plan buyer completes payment or when a ready or resale unit is transferred at a DLD trustee office. The title deed, not the Oqood record, is the final proof of ownership.

The South Beach escrow account protected money paid toward the construction of the registration; it does not compensate for delays, guarantee resale value or rental income, or cover payments made to any other account. It also says nothing about the condition of an individual apartment today, which is governed by the Sales and Purchase Agreement, the developer's defect obligations and an inspection of the unit itself. Funds sent outside the registered account sit outside its protection entirely.

The registration that includes South Beach was registered on 28 October 2018, started construction on 27 December 2018, received DCD approval on 21 September 2022, obtained the Building Completion Certificate on 9 December 2022, and reached a DLD register reading of 100 percent on 23 February 2023; Dubai REST now lists it as Finished. Beyond this project, recent Emaar handovers in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024).