The Edge by Select Group at Business Bay Escrow Account

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.