The Opus Residences Escrow Account

Abu Dhabi Islamic Bank holds the trust account for The Opus by OMNIYAT, account number 2814***** (the full number appears in the Escrow Details section at the top of this page), recorded under DLD project number 1177, which the Dubai Land Department registered on 1 May 2008.

Under the DLD escrow framework, buyer payments made during construction were held in the project trust account and released to the developer against construction progress recorded by DLD inspections, rather than paid straight into the developer's own accounts. The latest inspection in the record is dated 31 January 2018, with a DLD Register Reading of 97.04 percent, and the register now lists the project as Finished. The inspection history for project 1177 is tracked on the construction updates page for The Opus Residences.

On a ready purchase, the 10 percent booking payment and the 90 percent balance go to the receiving account named in the Sale and Purchase Agreement. That account is the reference for every transfer, and any instruction that differs from it, whether it arrives by email, message or phone, counts as unverified until it matches the SPA and, where the SPA names the project escrow account, the record in Dubai REST.

No. Payment for a residence at The Opus Residences goes only to the account named in the Sale and Purchase Agreement; where that is the project escrow account, it is 2814***** at Abu Dhabi Islamic Bank (its full digits are available in the Escrow Details section at the top of this page). A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside the agreed route, fits the standard pattern of payment fraud however genuine the paperwork appears. Such a request is checked against the SPA and the escrow record in Dubai REST before any money moves.

Once the purchase price is paid, the sale of a ready residence at The Opus Residences is registered with the Dubai Land Department and a title deed is issued in the buyer's name. Oqood, the interim register for off-plan units, belongs to purchases made before completion; on a building the register lists as Finished, the title deed is the ownership document. The precise transfer sequence is set out in the Sale and Purchase Agreement.

No. The 4% DLD registration fee is paid to the Dubai Land Department, due at booking alongside the 10 percent booking fee, and it neither enters the escrow account nor forms part of the purchase price. It is the government's registration charge, kept separate from the payments made to the receiving account named in the SPA.

No. Service charges are an ongoing cost of owning a residence at The Opus Residences, covering the operation and upkeep of the building's shared areas, and they are billed separately from the purchase price rather than paid through the project escrow account. OMNIYAT's factsheet also lists residents' services such as housekeeping, laundry and in-residence dining at additional charge. The current service charge for a specific residence is confirmed in the purchase documents before signing.

The record is public in the Dubai REST app: under Services and Project Status, a search for project number 1177 or "The Opus By Omniyat" opens the project, and its Escrow Account panel shows the registered bank and account number. Where any other source differs from the app, the app is the authority.

The Dubai Land Department record for The Opus by OMNIYAT runs from registration on 1 May 2008 and a construction start on 26 May 2008 to a registered completion date of 30 October 2017, a DLD Register Reading of 97.04 percent at the 31 January 2018 inspection, and a current register status of Finished. OMNIYAT's brochure lists awards for the completed building from 2019 onward, including the 2019 CTBUH Award of Excellence and the 2021 Prix Versailles World Award for Hotels.

Escrow protects buyer capital while a project is built; it does not compensate, and on a finished building such as The Opus by OMNIYAT it does not cover defects found in a residence after purchase, service charges, resale value, rental returns, or money sent to any account other than the one named in the SPA. Condition is addressed by inspection before acceptance, and ongoing costs by the purchase documents. The regulatory framework behind escrow and registration is set out in the Dubai Land Department guide.