South Living Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for South Living, account number 1061*****42001 (shown in full in the Escrow Details section above). The account is tied to DLD project number 1946, registered on 30 August 2017.

South Living is sold on a plan of 5 percent on booking, 25 percent during construction, 30 percent on handover and 40 percent after handover. The construction share is paid into the escrow account and released to Dubai South Properties only against progress recorded by DLD inspections. With the DLD register at 88.83 percent on 28 July 2026, some or all of that 25 percent may already have been called, and the amount due from a new buyer at signing is stated in the Sales and Purchase Agreement.

No. The 4% DLD registration fee is a purchase cost paid to the Dubai Land Department when a South Living unit is registered, separately from the 5 percent booking payment. It is not held in the escrow account and never forms part of the funds released to the developer.

The South Living plan places 40 percent of the price after handover, payable within 36 months of completion: 4 percent every four months across the first 20 months, then 5 percent every four months up to month 36. The account and method for these instalments are defined in each buyer's Sales and Purchase Agreement, and that clause is the reference point. A request to pay them anywhere else is checked against the SPA and the project record on Dubai REST before any funds move.

The DLD register lists a completion date of 5 February 2020 for South Living, a date that has passed, while the developer's schedule points to an expected handover in Q1 2027. The register entry may not yet reflect the current schedule, and the handover date written into the Sales and Purchase Agreement is the reference. Throughout, money in the escrow account is released only against inspected progress, whatever the calendar says. Escrow protects capital while the building is finished; it does not pay compensation for changes to the completion date, and any such terms sit in the SPA. A retention portion is also held back after completion against defects, which connects to the independent checks covered in the South Living snagging inspection guide.

No. Booking and construction payments for South Living go into the DLD-registered escrow account 1061*****42001 at Abu Dhabi Commercial Bank (the full number appears in the Escrow Details section above), matching the escrow details in the Sales and Purchase Agreement. A request to send money to a private individual, an agent or another company's account, particularly one sweetened with a discount for paying direct, matches the most common pattern of payment fraud, however official the documents look. Any such request is checked against the escrow account shown in Dubai REST and the SPA before funds are sent.

RERA takes control of the escrow account if a registered project is cancelled by the Dubai Land Department, and refunds to buyers are then handled from the protected funds under DLD supervision. That safeguard covers money paid into the registered account; funds sent anywhere else fall outside it. With 88.83 percent recorded on the DLD register on 28 July 2026 and structure works recorded as completed, South Living is far beyond the early phase where cancellation is usually a live question, though the mechanism applies regardless. The supervising framework is set out in the Dubai Land Department guide.

The DLD register reading of 28 July 2026 placed South Living at 88.83 percent, up from 65.24 percent at the previous inspection, which the record does not date. The RERA inspection that day noted the enabling works, foundations and structure as complete, while work on interiors and internal finishes, the building envelope, MEP services and the external areas was continuing. Most construction-linked releases from the escrow account therefore relate to work already inspected on site, and the remaining releases follow the finishing stages. Each new reading is tracked on the South Living construction updates page.

The Dubai Land Department records the developer of South Living (project 1946) as Dubai South Properties DWC LLC, developer number 1142, the registered name under which Dubai South Properties appears on the project record. Escrow releases go to that registered developer only against inspected progress, and the same name is shown for the project in Dubai REST and in the RERA inspection report.

The escrow account protects money paid into it toward the construction of South Living. It does not cover payments sent to any other account, the 4% DLD registration fee, or agency and service fees, and it does not guarantee a handover date or pay compensation if completion moves; terms on timing sit in the Sales and Purchase Agreement. It also does not replace a defect inspection at handover: the retention held after completion supports repairs, but identifying the defects is a separate step.