The Woods Serenity at Sobha Sanctuary Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for The Woods Serenity, account number 0016*****307301 (revealed in full by the Show button in the Escrow Details section above). It is the trust account of the whole The Woods registration, DLD project number 4485, which was registered in July 2026.

The escrow details for The Woods Serenity are recorded under DLD project number 4485, registered under the name The Woods. The Dubai Land Department lists the buildings of The Woods development together under that single name rather than one by one, so the record is filed as The Woods, not The Woods Serenity. The Escrow Account panel for project 4485 in the Dubai REST app shows the bank and the account number.

No. Off-plan payments for The Woods Serenity belong in the DLD-registered escrow account 0016*****307301 at Dubai Islamic Bank (the complete number is displayed 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 any other company account, particularly one that offers a discount for doing so, follows the usual pattern of payment-diversion fraud, however official the documents appear. Money sent to any other account falls outside the escrow protection described on this page.

The Woods Serenity plan is 20% on booking, 20% during construction and 60% on handover. The construction-stage 20% is paid as scheduled in the Sales and Purchase Agreement into the escrow account, from which the bank releases funds to the developer only against progress recorded in DLD inspections. The 60% handover payment falls due at handover, expected in Q4 2030, and the receiving account for it is named in the Sales and Purchase Agreement.

No. The 4% DLD registration fee is paid at booking alongside the 20% down payment, but it goes to the Dubai Land Department as a registration charge rather than into the escrow account, and it is not part of the purchase price held for construction. On the starting price of AED 1,000,000 the fee comes to AED 40,000 (approx USD 11,000).

Before works begin, buyer payments for The Woods Serenity are held in the escrow account rather than by the developer, and releases are tied to progress recorded by Dubai Land Department inspections. The inspection on record for The Woods registration, dated 21 May 2026, reads 0% with no construction activity recorded on site, so that reading is the baseline from which later releases are measured. The register lists a construction start date of 30 December 2026. Each new register reading is tracked on the construction updates page for The Woods Serenity.

The escrow protection continues for as long as the project runs. Funds stay in the account and are released only against progress recorded in DLD inspections, whatever the calendar says; the registered completion date for The Woods registration is 30 December 2030, and Sobha Realty quotes handover in Q4 2030. Escrow protects the capital paid in but does not compensate buyers for a later completion; any such terms sit in the Sales and Purchase Agreement.

Under the DLD framework, RERA takes control of the escrow account if a project is cancelled, with refunds to buyers then paid from the money held in it under Dubai Land Department supervision. That safety net reaches only funds paid into the registered account, which is why a payment sent anywhere else carries no such cover. The regulatory background is covered in the Dubai Land Department guide.

Yes. Part of the escrow money is retained after completion as a reserve for defect repairs, so the developer still has funds at stake while problems reported after handover are put right. No retention percentage or period is published for The Woods registration; the terms that apply to each apartment are those in its Sales and Purchase Agreement.

The Woods Serenity is marketed by Sobha Realty. On the Dubai Land Department record for project 4485, The Woods, the registered developer is SOBHA L.L.C, developer number 966, and the escrow account at Dubai Islamic Bank is held for that registration.

The escrow account protects the purchase payments made into it and controls how they are released. It does not cover money sent to any other account, it does not hold the 4% DLD registration fee, it does not pay compensation if completion moves (those terms sit in the Sales and Purchase Agreement), and it does not protect the resale or rental value of the apartment.