Select Group · Business Bay · Escrow Account
The Edge by Select Group Escrow Account
Where Your Money Waits Until the Work Is Certified
The official DLD-registered escrow account for Select Group's twin-tower canal-front development in Business Bay, checked against Dubai Land Department records so every installment you send lands where the law, not the developer, decides when it can move.
Direct advisor access. Every message answered personally, never by a call center.
Official Account Details
The Edge Escrow Account at a Glance
Every dirham you commit to an apartment at The Edge flows into one project escrow account held under Dubai Land Department supervision, never into Select Group's operating accounts. Below are the registered details exactly as they sit in Dubai REST, and my advice is blunt: copy the account number and keep it somewhere you trust, because on a tower this close to completion it is the single control that still holds even when an email, a phone call, or a payment instruction turns out to be fake.
Masked for security. Tap Show to reveal the full number, or Copy to copy it directly. Last checked against Dubai REST after the 23 April 2026 inspection.
Emirates NBD Bank (P.J.S.C.)
2611
Active
Select Group
972
1 May 2023
9 June 2023
1,030
No. 279, Business Bay
65,564.27 sq. m.
Freehold, all nationalities
Before you move any installment, re-confirm this account number in Dubai REST or against your Sales and Purchase Agreement. Never trust an account number that arrives by email alone: payment-diversion fraud almost always begins with a convincing message, and the escrow number is the one detail it has to forge.
Rule one: no payment ever goes to any account other than 0204*****2022 (tap Show above for the full number), no matter who asks or how official the request looks.
Where the Project Stands
Registration and Escrow Status
The Edge was registered with the Dubai Land Department on 1 May 2023 under project number 2611, and its escrow account at Emirates NBD was opened as a precondition of that registration, before Select Group could take a single dirham from a buyer. That order of events reads differently for each audience on this page: a family committing their savings knows the deposit never sat in an unprotected account, and an investor knows the project's cash has been under external supervision since the very first reservation.
The DLD inspection dated 23 April 2026 certified construction at 88.86 percent, a long step up from 42.01 percent at the prior inspection. Both towers are structurally complete and the development is deep into finishing, facade, and systems works, which places The Edge among its final escrow release stages ahead of the expected Q3 2026 handover. At this level of certified progress the useful question is no longer whether the towers will finish. It becomes how cleanly the remaining releases and the post-handover retention are managed, and that is exactly the part most buyers stop watching once the structure tops out.
Want the inspection-by-inspection detail behind these figures? The milestone history and works breakdowns live on the The Edge construction updates page.
Do It Yourself in 2 Minutes
Verify The Edge Escrow Account Independently
Do not take this page's word for it, and do not take anyone else's either. The entire point of the escrow system is that you can check it yourself, without a middleman:
Open Dubai REST
In the Dubai REST app, go to Services, then Project Status.
Find the Project
Search project number 2611 or "The Edge by Select Group".
Match the Details
Open the Escrow Account panel and match the bank and account number against this page and your SPA before every transfer.
I check these details against Dubai REST before publishing and again after each new inspection. If anything on this page ever differs from what the app shows you, trust the app and tell me.
Before You Transfer
- Match the account number on your payment instruction to the Escrow Account panel in Dubai REST.
- Match that same number to the escrow details written into your Sales and Purchase Agreement.
- Confirm the amount and the construction milestone it is meant to cover.
- If anything differs, even by a single digit, stop and message me before you send.
Your Money, Step by Step
How The Edge's Payment Plan Meets the Escrow Account
The Edge sells on a 30/70 plan: 30 percent plus the 4 percent DLD registration fee on booking, then 70 percent on completion. Your dates are fixed in your Sales and Purchase Agreement, but the schedule alone hides the mechanism that protects you: Select Group cannot draw those funds at will. The bank releases money only against construction progress that DLD certifies, like the 88.86 percent recorded on 23 April 2026.
Booking and SPA: 30% + 4% DLD
Your booking payment and the DLD registration fee enter account 0204*****2022 once your unit is registered under Oqood. For buyers already in The Edge this stage is behind you, and every dirham of it passed through DLD supervision on the way in.
Escrow Releases Against Progress
Funds sit in escrow and reach Select Group only as DLD certifies each stage of works. With 88.86 percent already certified, the large majority of construction-linked value has been released against verified progress on site, not against a promise on paper.
Completion: 70%
The 70 percent balance falls due as Select Group hands over your apartment, expected in Q3 2026. A retention portion stays behind in escrow after completion to fund defect repairs, which is where a proper handover inspection earns its keep.
That post-completion retention is a layer of protection most buyers never hear about, and it pairs naturally with a professional handover snagging inspection: the retention gives the developer a direct financial reason to fix whatever your inspection finds.
Because The Edge's escrow account was live before sales opened, every buyer payment since launch has moved through DLD supervision rather than straight to the developer. With 88.86 percent of works already certified, most of the construction-linked value in the project has been independently verified in the field, not merely claimed in a brochure. For how DLD regulates off-plan projects and protects buyers across the wider market, read the Dubai Land Department guide.
Insights
Project Insights for The Edge by Select Group Buyers
Escrow protection is one layer of a well-run purchase at The Edge, and it works best when you track it alongside the rest of the picture: what the DLD inspections are certifying on site, where each price tier sits against the Golden Visa threshold, and how you will verify the finished apartment before you accept the keys. These guides carry each of those threads.
The Edge Construction Updates
Track the DLD inspections behind every escrow release, including the 23 April 2026 report certifying 88.86 percent.
The Edge by Select Group Construction Updates
The Edge Golden Visa Guide
Entry apartments start below the AED 2 million threshold: see which layouts qualify for 10-year residency and which fall short.
The Edge by Select Group Golden Visa GuideThe Edge Escrow Account
This page: the Emirates NBD escrow details, verification steps, and how The Edge payments stay protected.
The Edge Snagging Inspection
The escrow retention held after completion pairs with an independent defect check before you accept your apartment.
The Edge by Select Group Snagging InspectionThe Project
Explore The Edge by Select Group Project
The account on this page protects payments toward a specific asset, and the strength of that asset is half the investment case. The full guide covers what your protected installments are actually buying: layouts, pricing, the twin-tower configuration, and the Business Bay canal-front position around them.
The Edge by Select Group Project Guide
Prices from AED 1.25M (approx USD 340,000), 1 and 2 bedroom apartments across two canal-front towers, wellness-led amenities, payment plan, and the full investment case for the 1,030-residence development your escrow payments are building.
View The Edge by Select Group Project GuideStructure
Explore Business Bay Structure
The Edge's escrow account protects your payments into one tower pair inside a much larger district. Reading the surrounding market, the wider community, and the developer behind them is how you judge what your protected money is actually buying into.
Business Bay Properties for Sale
Compare The Edge against the wider Business Bay market: canal-front towers, apartments, prices, and payment plans side by side.
Business Bay Properties for Sale
Business Bay Master Community
Dubai Canal, the Downtown Dubai edge, and the mixed-use district that gives The Edge its long-term context.
Business Bay Community Guide
Select Group Developer Profile
The waterfront portfolio, landmark projects, and delivery record behind the developer receiving The Edge's escrow releases.
Select Group Developer ProfileFAQs
The Edge by Select Group Escrow Account Frequently Asked Questions
Emirates NBD Bank (P.J.S.C.) holds the escrow account for The Edge, account number 0204*****2022 (shown in full in the Escrow Details section above), opened under DLD project number 2611 when the project was registered in May 2023.
The Edge follows a 30/70 plan, so the 30 percent booking payment plus the 4 percent DLD fee lands in the escrow account first, and the 70 percent completion balance follows at handover. The bank releases funds to Select Group only against construction stages certified by DLD inspections, and handover is expected in Q3 2026.
The DLD inspection dated 23 April 2026 certified 88.86 percent completion, up from 42.01 percent at the previous inspection. Both towers are structurally complete and finishing, facade, and systems works are underway. Monthly detail is tracked on the The Edge construction updates page.
Yes, the protection continues. Funds stay in the escrow account and are released only against certified progress, regardless of the calendar, and a retention portion remains in escrow after completion to cover defect repairs. Escrow protects your capital while the project finishes, though it does not itself compensate for delays; those terms sit in your Sales and Purchase Agreement.
No. Every off-plan payment for The Edge must go into the DLD-registered escrow account 0204*****2022 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in your Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, however official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds move.
If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. This is precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection. With 88.86 percent of construction already certified, The Edge is far past the stage where cancellation is a realistic concern, but the safety net exists regardless. The wider framework is explained in the Dubai Land Department guide.
Yes, The Edge by Select Group is a freehold project, open to all nationalities.
It depends on the unit. The AED 2 million property investment threshold for the 10-year Golden Visa sits above The Edge's entry price of AED 1.25 million (approx USD 340,000) for a one-bedroom apartment, so the smallest layouts fall below it, while two-bedroom apartments from AED 2.50 million (approx USD 681,000) clear it comfortably. The qualifying layouts and application timing are covered in the The Edge Golden Visa guide.
Your Advisor
Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is making sure your money lands where the law protects it. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.
Ask your question, get your answer. No obligation and no follow-up unless you ask for it.