Sunridge at Rashid Yachts & Marina Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Sunridge, account number 3538*****5403 (revealed in full in the Escrow Details section above), recorded under DLD project number 2678 for a project registered with the Dubai Land Department on 12 June 2023. The same bank is named as the trust account bank on the project's RERA inspection report.

Instalments paid toward Sunridge sit in the escrow account at Emirates Islamic Bank, and the bank passes them to the developer only when DLD inspections certify the matching construction progress. The launch plan was 90/10: a 10 percent down payment and seven construction instalments made up 90 percent, and the final 10 percent is tied to construction completion, dated Feb 2027 in the launch schedule.

The RERA inspection dated 17 March 2026 certified Sunridge at 100 percent, up from 97.88 percent at a previous inspection that the record does not date, and the DLD register lists the project as Finished. For the escrow account, every construction stage that instalments were linked to is now certified on site. What remains is the final payment tied to construction completion, dated Feb 2027 in the launch schedule, and the retention portion kept in escrow after completion as cover for defect repairs. The inspection history is tracked on the Sunridge construction updates page.

Yes. Funds in the Sunridge escrow account remain under DLD supervision and are released only against certified progress, whatever the date. Escrow protects capital; it does not compensate for a later handover, and any delay terms sit in the Sales and Purchase Agreement. Once the building is complete, part of the funds is retained in escrow as cover for defect repairs, and the handover inspection that puts that retention to work is covered in the Sunridge snagging inspection guide.

No. All off-plan payments for Sunridge go into the DLD-registered escrow account 3538*****5403 at Emirates Islamic Bank (the complete number is available in the Escrow Details section above), matching the details recorded in the Sales and Purchase Agreement. A request to send money to a personal account, an agent's account, or a different company account, often dressed up with a discount for paying outside escrow, is the standard pattern of payment-diversion fraud, however official the paperwork appears. The registered account can be confirmed in Dubai REST under project number 2678 before any transfer.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds are handled from the protected funds under Dubai Land Department supervision. That protection reaches only money paid into the registered account, so a payment sent anywhere else falls outside it. With Sunridge certified at 100 percent on 17 March 2026 and listed as Finished in the DLD register, the project is well beyond the point at which cancellation is a practical risk, though the safeguard exists either way. How that framework operates across Dubai is covered in the Dubai Land Department guide.

No. The 4% DLD registration fee is paid to the Dubai Land Department on top of the purchase price and does not pass through the Sunridge escrow account. The escrow account receives the price instalments themselves, beginning with the 10 percent down payment at booking.

A Sunridge apartment sold before handover is registered in the Dubai Land Department's Oqood system for off-plan sales, which records the buyer against a specific unit in project 2678. The title deed follows handover, when the registration moves from Oqood to a full title deed in the owner's name.

The Sunridge escrow account protects buyer payments while they are held and releases them only against certified progress. It does not guarantee a resale price or rental income, it does not compensate for handover delays (those terms sit in the Sales and Purchase Agreement), and it offers no protection for money paid into any account other than the registered one. The 4% DLD registration fee sits outside escrow altogether, and defects are handled through the retention portion kept in escrow after completion rather than through the instalments already released.

The escrow record for Sunridge is public in the Dubai REST app under Services, then Project Status. A search for project number 2678 or the register name Sunridge opens the project record, and its Escrow Account panel lists the bank as Emirates Islamic Bank P.J.S.C. together with the account number, which can be matched against the Sales and Purchase Agreement and the Escrow Details section of this page.

Sunridge's own record is the most direct evidence: DLD registration on 12 June 2023, a construction start on 30 September 2023, a building completion certificate dated 29 December 2025, and 100 percent certified at the 17 March 2026 inspection. At developer level, recent Emaar deliveries in Dubai include Creek Palace (Mar 2026), Seagate (Sep 2025), June (Jun 2025) and Bliss (Nov 2024).

Construction at Sunridge is recorded as complete, but handover is scheduled for Feb 2027, so a purchase made now is still a sale before handover: the unit is registered in Oqood and payments are made into the project's DLD-registered escrow account as recorded in the Sales and Purchase Agreement. The launch payment schedule no longer applies as written because most of its dates have passed, so the amounts and due dates for a unit bought now are those set by the developer in the Sales and Purchase Agreement.