Sunset Bay Grand Escrow Account

The Sunset Bay Grand escrow account is held with First Abu Dhabi Bank P.J.S.C. under account number 1011*****6258014 (revealed in full in the Escrow Details section), and it is recorded against DLD project number 3868 from the project's registration on 30 September 2025.

The Dubai Land Department register lists the project as Sunset Bay Grand By Imtiaz, project number 3868, with IMTIAZ GHD REAL ESTATE DEVELOPMENT L.L.C as the registered developer under developer number 1641 and the building on plot 1407. The register gives the location as Palm Deira, its legacy name for the Dubai Islands area. These are the details that appear in Dubai REST when the project is looked up.

The 20% booking payment and the six dated instalments of 5%, 5%, 10%, 10%, 5% and 5%, due between 15 February 2026 and 15 July 2027, are paid into the project escrow account; the remaining 40% falls due on completion in December 2027. The instalment dates are fixed by the calendar, while releases from the account to the developer follow construction progress recorded through RERA inspections, not the payment dates. As arithmetic rather than a forecast, the schedule had called 30% of the price by the 17 August 2026 reading and 40% by 15 September 2026, against a DLD register reading of 16.29%.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20% booking payment, to register the purchase under Oqood. It is a government fee rather than a payment toward the apartment, so it never enters the Sunset Bay Grand escrow account and is never released to the developer.

The DLD register recorded Sunset Bay Grand at 16.29% on 17 August 2026, 5.97 points above the previous register reading of 10.32%, which carries no date in the app. The RERA inspection report of the same day lists enabling, piling and foundation works as completed and structure works as progressing. Because escrow releases follow recorded construction progress, the larger share of the construction-linked releases remains tied to work still to come. Each new reading is tracked on the Sunset Bay Grand construction updates page.

Yes. The escrow protection runs for as long as construction does: payments remain in the account and leave it only against recorded progress, whatever the calendar shows. Escrow safeguards capital while the building completes, but it does not pay compensation for a later handover; any delay terms are set out in the Sales and Purchase Agreement.

Should a registered project be cancelled, RERA takes control of the escrow account, and refunds owed to buyers are paid out of the protected balance under Dubai Land Department supervision. That safety net covers only money that actually reached the registered account, so any payment sent elsewhere falls outside it. The legal framework behind this is described in the Dubai Land Department guide.

No. Every off-plan payment for Sunset Bay Grand belongs in the DLD-registered escrow account 1011*****6258014 at First Abu Dhabi Bank (full number in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, often sweetened by a discount for direct payment, is the standard shape of payment fraud however official it looks. Any such request can be tested against the escrow account shown for project 3868 in Dubai REST before money moves.

Beach Walk by Imtiaz on Dubai Islands, 80 residences of studios, one- and two-bedroom homes, was handed over in March 2026 and was reported as the first residential handover on Dubai Islands. Elsewhere in Dubai, Westwood Grande and Westwood Grande II in Jumeirah Village Circle and Hyde Walk in Jumeirah Garden City have been handed over, and Westwood in Al Furjan is completed. The other Imtiaz launches on Dubai Islands, Cotier House, Cotier House 2 and Sea Cliff Residence, are still off-plan and sit outside that delivered record.

In the Dubai REST app, the Project Status service under Services opens the register entry for project number 3868, listed as Sunset Bay Grand By Imtiaz. Its Escrow Account panel shows the bank and the account number, which should match both the Escrow Details section of this page and the escrow clause of the Sales and Purchase Agreement before any transfer.