The Greens at Sobha Sanctuary Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for The Greens at Sobha Sanctuary, account number 0016*****934401 (shown in full in the Escrow Details section above). The account belongs to DLD project number 4531, The Greens' own registration, entered on the Dubai Land Department register on 30-07-2026.

In the Dubai REST app, the Project Status service under Services lists The Greens at Sobha Sanctuary as project number 4531, spelled "The Greens At Sobha Sanctuary" on the register. Its Escrow panel shows the bank name and the account number, and both details should match this page and the escrow details written into the Sales and Purchase Agreement.

The plan is 20% on booking, 20% during construction and 60% on handover, expected in Q3 2030. Booking and construction payments go to the Dubai Islamic Bank escrow account registered to project 4531, and under the escrow framework the bank releases funds to Sobha Realty against construction progress recorded by the DLD. The dates of the construction payments are set in each buyer's Sales and Purchase Agreement.

No. The 4% DLD registration fee, due alongside the 20% booking payment, is paid to the Dubai Land Department to register the purchase and is not held in the escrow account. The escrow account receives the payments made toward the price of the villa.

The Greens at Sobha Sanctuary has one reading on record with the DLD: 0%, from the inspection of 15-07-2026, at which no construction activity was recorded on site; the registered construction start date is 01-01-2027. Under the escrow framework, releases to the developer are tied to construction progress recorded by the DLD, so this reading is the reference point for any construction-linked release. Each new reading is tracked on The Greens construction updates page.

Yes. The money stays in the escrow account and remains subject to release only against recorded construction progress, whatever the calendar says. Escrow protects capital while a project is completed, but it does not itself pay compensation when completion moves; those terms sit in the Sales and Purchase Agreement. The handover expected for The Greens is Q3 2030, and the registered completion date is 31-08-2030.

No. Every off-plan payment toward a villa at The Greens at Sobha Sanctuary belongs in the DLD-registered escrow account 0016*****934401 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), matching the escrow details written into the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one paired with a discount for paying outside escrow, follows the standard pattern of payment fraud however genuine the paperwork appears. The safe reference for testing any such request is the escrow account shown for project 4531 in Dubai REST, read together with the SPA, before money moves.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then made from the protected funds under the supervision of the Dubai Land Department. That protection covers money paid into the registered account; money sent anywhere else falls outside it. The mechanism applies at every stage, including the pre-construction stage The Greens was at when inspected on 15-07-2026. How the DLD regulates that process is covered in the Dubai Land Department guide.

Yes. Under the escrow framework, a retention portion of the funds is held back after completion to cover defect repairs, separate from the 60% payment buyers make on handover. The size of the retention and how long it is held are set by the applicable rules and the Sales and Purchase Agreement, not stated on this page.

Sobha Realty is the name under which The Greens is marketed, while SOBHA L.L.C is the developer entity recorded in the DLD register entry for project 4531 and in the monitoring report for its 15-07-2026 inspection. Seeing the registered entity name in Dubai REST next to the Sobha Realty brand is therefore consistent with the record.

Escrow protects money paid into the registered account while the project is completed. It does not compensate for a later completion date, cover payments sent to any other account, or shield a buyer from price movements in the resale market. It also does not replace the buyer's own review of the Sales and Purchase Agreement, the villa specification and the payment schedule.