Sunset Bay Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Sunset Bay by Imtiaz, account number 1011*****3829002 (revealed by the Show button in the Escrow Details section above). The account sits under DLD project number 3460, which the Dubai Land Department registered on 17 January 2025, and the same bank is named as the trust account bank on the RERA progress report dated 4 August 2026.

In the Dubai Land Department register the project appears under the name "Sunset Bay One By Imtiaz", project number 3460, with the status Active. The registered developer is IMTIAZ SUNSET REAL ESTATE DEVELOPMENT L.L.C, developer number 2157, while the building is marketed under the Imtiaz Developments name. The Escrow section of the Dubai REST listing shows the bank as First Abu Dhabi Bank P.J.S.C. together with the account number.

Every instalment is paid into the project escrow account first. First Abu Dhabi Bank then releases funds to the developer in stages linked to construction progress recorded through Dubai Land Department inspections, not to the due dates on the payment plan, so the date a buyer pays and the date the developer receives money are separate events.

The Dubai Land Department project register shows 78.04% progress at the reading dated 4 August 2026, up from a previous reading of 64.43% for which no date is shown. By that date every dated instalment had fallen due, so 60% of the price had been called, with the remaining 40% due on completion. According to the RERA report dated 4 August 2026, structure works were complete by then, while internal works, MEP, internal finishes and the external envelope were still progressing. Reading by reading progress is tracked on the Sunset Bay by Imtiaz construction updates page.

No. The 4% DLD registration fee goes to the Dubai Land Department when the unit is booked, at the same time as the 20% booking instalment, and is never deposited in the Sunset Bay escrow account. It therefore plays no part in the funds released to the developer.

The final 40% falls due on completion, expected in Q4 2026; the registered completion date in the DLD register is 25 December 2026. The payment goes into the same First Abu Dhabi Bank escrow account as the earlier instalments, and a retention portion stays in escrow after completion to cover defects identified after handover.

Yes. Escrow protection does not lapse at a target date. Funds stay in the account and are released only against recorded construction progress, whatever the calendar shows. Escrow protects capital while the building completes but does not itself compensate for delay; any delay terms sit in the Sales and Purchase Agreement. The retention held after completion, and how a handover inspection makes use of it, is covered in the Sunset Bay by Imtiaz snagging inspection guide.

No. All off-plan payments for Sunset Bay by Imtiaz belong in the DLD-registered escrow account 1011*****3829002 at First Abu Dhabi Bank (the Show button in the Escrow Details section above reveals every digit), as written into the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or any other company account, particularly one sweetened with a discount, follows the standard pattern of payment fraud however authentic the paperwork appears. Any such request is tested against two references: the escrow account listed on Dubai REST and the escrow clause of the signed Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then handled from the funds held in it under Dubai Land Department supervision. Money paid outside the registered account is not part of that pool. The register reading of 78.04% on 4 August 2026, with structure works recorded as completed in the RERA report of the same date, places Sunset Bay at a late stage, but the mechanism applies at every stage. The regulatory background to escrow and refunds is covered in the Dubai Land Department guide.

The escrow account protects money paid into it toward the construction of Sunset Bay by Imtiaz. It does not compensate buyers for delay, because delay terms sit in the Sales and Purchase Agreement; it does not hold the 4% DLD registration fee, which is paid to the Dubai Land Department; it gives no protection to money sent to any other account; and it does not guarantee resale prices, rental income or the finish quality of an individual unit.

According to developer announcements, Imtiaz was the first developer to complete and hand over a residential project on Dubai Islands, Beach Walk Residence, with 80 residences. Imtiaz also reported handing over Westwood Grande in Jumeirah Village Circle ahead of schedule in December 2024, and lists Westwood Grande II and Pearl House in Jumeirah Village Circle and Hyde Walk in Jumeirah Garden City among its delivered projects. These are developer-reported milestones rather than DLD register records.