Sunset Bay 4 Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Sunset Bay 4 by Imtiaz, account number 1011*****3829007 (shown in full in the Escrow Details section above). The account is registered against DLD project number 3714, and the same bank is named as the trust account bank on the RERA progress report dated 29 September 2026.

The Sunset Bay 4 plan is date-based: 20% on booking, then 5% on 15 August 2025, 5% on 15 December 2025, 10% on 15 April 2026 and 10% on 15 August 2026, so 50% of the price had fallen due by the Dubai Land Department register reading of 53% dated 29 September 2026. Every instalment is paid into the escrow account, and the bank releases funds to the developer only against construction progress verified by DLD inspections. The next instalment, 10%, is dated 15 December 2026. Each new reading is recorded on the Sunset Bay 4 construction updates page.

No. The 4% DLD registration fee is paid at the booking step together with the 20% booking instalment, but it goes to the Dubai Land Department as a registration charge and is not held in the Sunset Bay 4 escrow account. Only the instalments of the purchase price are paid into escrow.

The final 40% of the Sunset Bay 4 price is due on completion, with handover expected in Q2 2027, and it is paid into the same DLD-registered escrow account as the earlier instalments. It is the largest single payment on the 60/40 plan. After completion, a retention portion of the escrow balance is held back to cover defect repairs, and the way it applies to an individual unit is set out in the Sales and Purchase Agreement.

Yes. Money paid for Sunset Bay 4 stays in the escrow account and is released to the developer only against verified construction progress, whatever the calendar says, so a later handover does not move buyer funds outside DLD supervision. Escrow protects capital rather than paying compensation: delay terms are set out in the Sales and Purchase Agreement. The retention held back after completion also keeps part of the funds in reserve against defects found when the apartment is handed over.

No. All off-plan payments for Sunset Bay 4 belong in the DLD-registered escrow account 1011*****3829007 at First Abu Dhabi Bank (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. An instruction to pay into a personal account, an agent's account or a different company account, particularly one offering a discount for paying directly, follows the usual pattern of payment fraud however official it appears. The reliable test for any such instruction is whether the account matches both Dubai REST and the Sales and Purchase Agreement; when it does not, no transfer should be made.

RERA takes control of the escrow account if a project is cancelled by the Dubai Land Department, and refunds to buyers are then handled from the protected funds under DLD supervision. That protection reaches only money paid into the registered account, so a payment sent to any other account falls outside it. Sunset Bay 4 is listed as an active project in the register, and the regulatory framework behind that safety net is covered in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service lists Sunset Bay 4 as "Sunset Bay Four By Imtiaz" under project number 3714. Its Escrow panel shows the bank, First Abu Dhabi Bank P.J.S.C., and the account number, which should match both the Escrow Details section of this page and the Sales and Purchase Agreement digit for digit.

The Dubai Land Department register and the RERA progress report list Imtiaz Sunset Real Estate Development L.L.C, developer number 2157, as the developer of Sunset Bay 4. The project itself is marketed under the Imtiaz Developments name.

According to the developer's announcements, Imtiaz Developments was the first developer to complete and hand over a residential project on Dubai Islands, Beach Walk Residence with 80 residences, and handed over Westwood Grande in Jumeirah Village Circle ahead of schedule in December 2024. Its completed portfolio also includes Westwood Grande II and Pearl House in Jumeirah Village Circle and Hyde Walk in Jumeirah Garden City. These are developer statements rather than entries in the DLD register.

The escrow account protects the purchase price instalments paid into it for Sunset Bay 4. It does not compensate for delays, does not hold the 4% DLD registration fee, and does not protect money sent to any other account. It also does not guarantee resale prices or rental income, and it does not replace an inspection of the finished apartment before it is accepted at handover.