The St. Regis Residences Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for The St. Regis Residences, account number 0015*****607801 (shown in full in the Escrow Details section above). The account belongs to DLD project number 1816, registered with the Dubai Land Department on 3 October 2016, and the same bank is named as the trust account bank on the project's RERA progress reports.

Buyer payments are held in the escrow account and released to the developer in stages that follow construction progress, as recorded by independent inspections carried out for RERA under Dubai Land Department supervision. Because the payment plan for The St. Regis Residences collected instalments by date rather than by construction stage, buyer money could reach the account ahead of the works, and the release rules are designed to keep such money in escrow until recorded progress supports its release. The latest recorded progress is 76.05%, from the inspection of 2 June 2026.

Under the developer's March 2022 plan, 70% was spread across nine dated rows: a 10% down payment in March 2022 and eight instalments totalling 60% between May 2022 and November 2025, all of which have now fallen due. The remaining 30% is payable on construction completion, estimated in the plan for December 2026, with handover expected in Q4 2026. Every row, the 30% completion payment included, is paid into the project escrow account rather than to the developer directly, and an individual Sales and Purchase Agreement can set different terms from this plan of record.

The RERA inspection dated 2 June 2026 recorded 76.05% for DLD project 1816, up from 65.58% on 3 February 2026. The progress report lists enabling, foundation and substructure works as completed, and superstructure, internal works, MEP, internal finishes, external works and the external envelope as progressing at different stages. Each dated reading is tracked on The St. Regis Residences construction updates page.

Oqood is the Dubai Land Department's interim register for off-plan property. Each off-plan sale at The St. Regis Residences is recorded there against DLD project 1816, linking the buyer, the unit and the Sales and Purchase Agreement to a project whose payments must pass through its registered escrow account. The Oqood record stands in for a title deed until the project is completed, when ownership is issued as a title deed in the buyer's name.

A 4% DLD registration fee applies on top of the purchase price at The St. Regis Residences. It is a government registration charge paid to the Dubai Land Department when the sale is registered, separate from the instalments paid into the escrow account, and it is not part of the price that the escrow account holds.

Yes, the protection continues. Funds already in the escrow account for The St. Regis Residences stay there and are released only against recorded construction progress, whatever the calendar says. The DLD register, as viewed in September 2026, lists a registered completion date of 25 December 2026, and handover is expected in Q4 2026. Escrow protects capital while the project completes but does not itself compensate for delay; delay terms sit in the Sales and Purchase Agreement. After completion, a retention portion stays in escrow against defects, the stage covered in The St. Regis Residences snagging inspection guide.

No. Every off-plan payment for The St. Regis Residences belongs in the DLD-registered escrow account 0015*****607801 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however official the paperwork appears. Any such request can be tested 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. That protection covers money paid into the registered account; money paid anywhere else sits outside it. Outside a cancellation, refund and termination rights are set by the Sales and Purchase Agreement rather than by the escrow account. At 76.05% recorded progress on 2 June 2026, The St. Regis Residences is far past the stage at which cancellation is a realistic concern, but the mechanism applies regardless. The wider framework is explained in the Dubai Land Department guide.

The Dubai REST app lists the escrow account of every registered project. Under Services and Project Status, a search for project number 1816 or The St. Regis Residences, Downtown Dubai opens the project record, whose Escrow Account panel shows the bank and the account number. The same record holds the inspection history, and the progress reports behind it are marked as independently inspected and progress audited for RERA. Matching those details with the Sales and Purchase Agreement confirms the account without relying on any third party.

The St. Regis Residences itself has not yet been delivered. Recent Emaar handovers in Dubai include Bliss (November 2024), June (June 2025), Seagate (September 2025) and Creek Palace (March 2026), each taken through escrow and inspection to completion. The project's own October 2023 inspection report records phase 1, five common basements, as delivered earlier; that is shared below-ground structure rather than a residential handover.