The Grove at Sobha Sanctuary Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for The Grove at Sobha Sanctuary, account number 0016*****236201 (shown in full in the Escrow Details section above). The account is linked to DLD project number 4366, which the Dubai Land Department registered on 5 August 2026.

In the Dubai REST app, the Project Status service lists the project under number 4366 and the name The Grove at Sobha Sanctuary. Its Escrow panel shows the bank, Dubai Islamic Bank (Public Joint Stock Company), and the account number. The same number should appear in the escrow clause of the Sales and Purchase Agreement and on every payment instruction.

The Grove's 60/40 plan sets 20% on booking, four instalments of 10% at 6, 12, 24 and 30 months from booking, and 40% upon handover. The instalments fall due on dates counted from each buyer's booking, not on construction milestones. Payments are made into the project escrow account, and releases from that account to the developer follow construction progress recorded through DLD inspections.

The only DLD inspection on record for The Grove, dated 20 May 2026, shows a register reading of 0%, and the register lists a construction start date of 1 January 2027. Payments made in this pre-construction period go into the escrow account at Dubai Islamic Bank, where releases to the developer are tied to construction progress recorded by later inspections rather than to the payment calendar. Each new reading for the project is tracked on The Grove construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20% down payment, and does not form part of the escrow balance. The down payment and the later instalments go to the escrow account; the fee goes to the Dubai Land Department.

The final 40% falls due upon handover, which Sobha Realty expects in Q3 2030; the DLD register records a completion date of 31 August 2030. Like every other payment under the Sales and Purchase Agreement, it is made to the project escrow account. After completion, a retention portion of the escrow funds is held back to cover defect repairs before it is released.

No. Each off-plan payment for The Grove must be made to the DLD-registered escrow account 0016*****236201 at Dubai Islamic Bank (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account, or a different company account, especially one offering a discount for paying direct, matches the usual pattern of payment-diversion fraud regardless of how official the documents appear. The escrow account shown in Dubai REST for project 4366 and the details in the SPA are the reference points for any such request.

SOBHA L.L.C, developer number 966, is the developer entity recorded against The Grove on the Dubai Land Department register and in the project's inspection report. Sobha Realty is the name under which the project is marketed. The registered entity is the one whose details are matched against the register and the Sales and Purchase Agreement during verification.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then paid from the protected funds under DLD supervision. That protection applies only to money paid into the registered account; funds sent anywhere else fall outside it. The regulatory framework for that safeguard is covered in the Dubai Land Department guide.

Escrow protects capital paid into the account; it does not compensate buyers for delay, and any delay terms sit in the Sales and Purchase Agreement. It does not hold the 4% DLD registration fee, it cannot protect money paid to any other account, and it does not guarantee a handover date or an investment outcome.