The Woods Horizon at Sobha Sanctuary Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for The Woods Horizon, account number 0016*****307301 (revealed in full in the Escrow Details section above). The account is registered with the Dubai Land Department under project number 4485, with a registration date of 17 July 2026.

The account appears under DLD project number 4485, which is registered under the project name The Woods. The Dubai Land Department does not register The Woods Horizon as a separate project, so there is no stand-alone record under that name; the bank and account number listed under project 4485 are the details that apply to apartments in The Woods Horizon.

No. Every off-plan instalment for The Woods Horizon belongs in the DLD-registered escrow account 0016*****307301 at Dubai Islamic Bank (the full number is in the Escrow Details section above), as set out in the Sales and Purchase Agreement. A request to pay a personal account, a broker's account or a different company account, particularly one offered with a discount for paying outside escrow, matches the usual pattern of payment fraud however official the documents appear. The account registered in Dubai REST and the escrow clause of the Sales and Purchase Agreement are the two references any such request has to match before it can be genuine.

Yes. The escrow account is tied to the project registration, so the 20% booking payment is held under Dubai Land Department supervision even at a stage when no construction activity is on the record. The register reading for The Woods (all buildings) was 0% at the inspection dated 21 May 2026, and the register lists a construction start date of 30 December 2026; releases to the developer follow construction stages verified by DLD inspections. Each dated reading is tracked on The Woods Horizon construction updates page.

Under the 40/60 plan, 40% is paid before handover: 20% on booking and 20% during construction, with the timing of the construction payment set in the Sales and Purchase Agreement. The remaining 60% is due on handover, expected in Q4 2030. On the AED 999K starting price, that is AED 399,600 (approx USD 109K) before handover and AED 599,400 (approx USD 163K) on handover.

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 999K starting price the fee is AED 39,960 (approx USD 11K), and it sits outside the 20/20/60 split of the purchase price.

Yes. The escrow arrangement is tied to verified construction stages rather than to a date, so money already paid in stays in the account and reaches the developer only as DLD inspections verify further works. Escrow safeguards the capital itself; compensation for delays is not part of it, and any such terms sit in the Sales and Purchase Agreement.

Under the escrow framework, RERA takes control of the escrow account if a project is cancelled by the Dubai Land Department, and refunds to buyers come out of the protected balance under DLD oversight. That safety net covers money paid into the registered account only, so a payment sent to any other account falls outside it. The legal framework behind this is covered in the Dubai Land Department guide.

Yes. Under the escrow framework a retention portion of the funds remains in the account after completion, held against defects that surface once owners take possession. The exact share and holding period are not stated in the project documents reviewed for this page.

The Dubai Land Department record for project 4485, The Woods, lists the registered developer as SOBHA L.L.C, developer number 966. The project is marketed as a Sobha Realty development, and the registered entity and project number are the identifiers shown on the register alongside the escrow account.

Escrow protects money paid into the registered account and controls when it reaches the developer. It does not compensate for a later handover, it does not cover funds sent to any other account, it does not hold the 4% DLD registration fee, and it says nothing about future resale value or rental demand. Specifications, handover terms and contractual remedies are governed by the Sales and Purchase Agreement.