The Opus Penthouse Escrow Account

Abu Dhabi Islamic Bank is the trust account bank for project 1177, The Opus by OMNIYAT, account number 2814***** (shown in full in the Escrow Details section above). The bank is named on the RERA inspection report of 31 January 2018 and on the Dubai Land Department escrow record for the project, which entered the DLD register on 01 May 2008.

While The Opus by OMNIYAT was under construction, money paid by buyers sat in the trust account at Abu Dhabi Islamic Bank and was released to the developer as Dubai Land Department inspections recorded progress on site. The latest dated DLD register reading is 97.04% on 31 January 2018, taken 93 days past the registered completion date of 30 October 2017, and project 1177 now appears as Finished on the register. The full register history is tracked in The Opus Penthouse construction updates guide.

The Opus Penthouse is sold ready at AED 140M (≈ USD 38.1M), so no construction payment plan or instalment schedule applies. The payee, amount, and timing of each payment are set out in the Sales and Purchase Agreement, and the balance settles against the finished residence when the Dubai Land Department registers the transfer of title. Confirming the payee account with the DLD before each transfer is the safeguard that takes the place of the milestone releases of the construction years.

No. Payments for The Opus Penthouse go only to the payee named in the Sales and Purchase Agreement and confirmed with the Dubai Land Department; the trust account registered for project 1177 is 2814***** at Abu Dhabi Islamic Bank (the full number sits in the Escrow Details section above). A request to route money to an individual's own account, a broker's account, or an unfamiliar company account, especially one offering a price advantage for paying outside the documented route, matches the standard pattern of payment-diversion fraud, however authentic the paperwork appears.

The 4% DLD registration fee is charged by the Dubai Land Department on the purchase price when the transfer of title is registered. Applied to the AED 140M price of The Opus Penthouse, 4% comes to AED 5.6M. The fee is paid to the Dubai Land Department, not into the escrow account, and the SPA records how it is allocated. The fee framework is set out in the Dubai Land Department guide.

As a completed residence in a building listed as Finished on the DLD register, The Opus Penthouse transfers by title deed registration at the Dubai Land Department rather than through the off-plan Oqood register. Once the purchase price and the transfer fees are settled as the SPA sets out, the DLD registers the penthouse in the buyer's name, and the resulting title deed is the record of ownership.

The Dubai REST app holds the official record under Services, then Project Status: a search for project number 1177 or "The Opus By Omniyat" opens the project entry, which showed a register status of Finished when checked on 27 September 2026. Comparing that record, the escrow bank, and the payee in the Sales and Purchase Agreement against any payment instruction takes about two minutes.

The escrow framework protected buyer capital while The Opus was being built by tying releases to recorded progress on site. It pays no compensation of any kind, it does not warrant the condition, finishes, or furniture of the completed penthouse, and it gives no protection to money sent to any account other than the documented payee. Defects in the finished residence are a matter for inspection before acceptance and for the terms of the purchase documents.

The Opus by OMNIYAT is the dated record behind the penthouse: project 1177 entered the DLD register on 01 May 2008, work began on 26 May 2008, the registered completion date is 30 October 2017, the latest dated register reading is 97.04% from 31 January 2018, and the register showed the project as Finished when checked on 27 September 2026. OMNIYAT's brochure states that the company was established in 2005; no dated delivery record for its other projects is part of this page.

The RERA inspection report of 31 January 2018 for project 1177 names OMNIYAT PROPERTIES SIX LIMITED, DLD developer number 883, as the developer of The Opus by OMNIYAT, the building at whose apex The Opus Penthouse sits. The project is marketed under the OMNIYAT brand.