The Woods Abode at Sobha Sanctuary Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for The Woods Abode, account number 0016*****307301 (the complete number is in the Escrow Details section above). The account is the trust account of The Woods registration, DLD project number 4485, registered on 17 July 2026, which covers The Woods Abode together with the other buildings of The Woods.

Under the 20/20/60 plan, 20% is paid on booking, 20% during construction as scheduled in the Sales and Purchase Agreement, and 60% on handover, expected in Q4 2030. Payments made before handover go into the escrow account rather than to the developer directly, and the bank releases funds to the developer only against construction progress recorded by DLD inspections.

The only DLD inspection on record, dated 21 May 2026, shows 0% for The Woods registration with no previous reading, and the inspection report states that the site showed no construction activity during that visit. The reading covers the whole registration of six towers rather than The Woods Abode alone, and the register lists a construction start date of 30 December 2026. Before works begin, payments sit within the escrow framework, and releases to the developer are tied to the progress the DLD records. Each new inspection is tracked on The Woods Abode construction updates page.

No. The 4% DLD registration fee is paid at booking alongside the 20% down payment, but it goes to the Dubai Land Department, not into the escrow account. On the AED 1,000,000 entry price of a 1 Bedroom Apartment the fee is AED 40,000, paid in addition to the AED 200,000 booking payment.

No. All off-plan payments for The Woods Abode belong in the DLD-registered escrow account 0016*****307301 at Dubai Islamic Bank (revealed in full in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into someone's personal account, an agent's company or any other business account, particularly one sweetened with a discount for paying outside escrow, matches the usual pattern of payment fraud however official the paperwork appears. Any such request can be tested against the account shown for The Woods, project 4485, in Dubai REST and against the Sales and Purchase Agreement before funds move.

Yes. The money remains in the escrow account, and the bank still releases it only as the DLD records construction progress, however long the build takes. Escrow protects capital while the project is completed; it does not itself compensate buyers for delays, and any such terms are set out in the Sales and Purchase Agreement. Sobha Realty's expected handover for The Woods Abode is Q4 2030.

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. Money paid into the registered account of The Woods registration sits inside that safety net; money sent to any other account does not. The broader regulatory framework is covered in the Dubai Land Department guide.

The DLD register lists SOBHA L.L.C, developer number 966, as the developer of The Woods registration (project 4485), the registration that covers The Woods Abode. The project is marketed under the Sobha Realty name, and the registered entry is the reference point when checking the developer named on a Sales and Purchase Agreement or a payment request.

Yes. Under the escrow framework a retention amount is held in the account after completion to cover defect repairs, rather than the whole balance being released to the developer at handover. The amount and the holding period follow the applicable rules and the terms of the Sales and Purchase Agreement.

Escrow protects the capital paid into the registered account and nothing beyond it. It does not compensate for delays, does not hold the 4% DLD registration fee, which is paid to the Dubai Land Department, does not protect money sent to any other account, and does not set or guarantee the market value of an apartment at The Woods Abode. Delay and compensation terms sit in the Sales and Purchase Agreement.

The account can be checked in the Dubai REST app under Services, then Project Status, by searching project number 4485 or the name The Woods, because the DLD lists The Woods Abode within that registration rather than separately. The Escrow Account panel there shows the bank and the account number, which match the escrow details in a genuine Sales and Purchase Agreement.