Vision Maybach Ultimate Luxury Residences Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Vision Mercedes-Maybach Ultimate Luxury, account number 0015*****478601 (the complete number appears in the Escrow Details section above). The account sits under DLD project number 4320, which the Dubai Land Department registered on 14 January 2026 under the name Maybach Ultimate Luxury.

Buyer payments are held in the project escrow account and released to the developer in stages, each one tied to construction progress recorded through Dubai Land Department inspections. The sales calendar does not trigger a release; recorded progress on site does, and the account is supervised by the Dubai Land Department throughout.

The only reading on the register, dated 29 December 2025, stands at 0 percent, and the report from that visit records that no construction was under way on site, with the progress status shown as N/A. At that date the project sat at its pre-construction baseline, with no stage of works yet recorded. That reading had aged roughly nine months by the time this page was written, and later readings are tracked on the Vision Mercedes-Maybach Ultimate Luxury construction updates page.

Yes, the protection continues beyond the expected Q2 2028 handover. Funds stay in the escrow account and are released only against recorded progress, whatever the calendar says. Escrow protects capital while the project completes; it does not itself pay compensation for delay, and any delay terms are set in the Sales and Purchase Agreement.

No. Every off-plan payment for Vision Mercedes-Maybach Ultimate Luxury belongs in the DLD-registered escrow account 0015*****478601 at Dubai Islamic Bank (the complete number appears 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 direct, matches the standard pattern of payment fraud, however official the documents appear. Such a request is checked against the escrow account shown in Dubai REST and the SPA before any money moves.

Should the Dubai Land Department cancel the project, RERA takes control of the escrow account, and refunds to buyers are paid out of the protected balance under DLD supervision. That safety net covers money paid into the registered account only; funds sent anywhere else fall outside it. The wider regulatory framework is explained in the Dubai Land Department guide.

No. The 4% DLD registration fee is paid to the Dubai Land Department to register the purchase, not into the Vision Mercedes-Maybach Ultimate Luxury escrow account. Only the purchase price goes into escrow, on the 20/50/30 plan: 20 percent at booking, 50 percent during construction and 30 percent at handover, as scheduled in the Sales and Purchase Agreement.

An off-plan unit is recorded on the Dubai Land Department's interim register, known as Oqood, which documents the purchase while the building is under construction. The title deed follows completion and handover, once the conditions in the Sales and Purchase Agreement are met; the exact steps and timing are set by the DLD and the SPA.

Escrow protects the capital paid into the registered account. It does not compensate for delays, does not hold the 4% DLD registration fee, and gives no protection to money sent to any other account. It also does not guarantee resale prices, rental returns or the specification of a unit, which are matters for the market and the Sales and Purchase Agreement.

Binghatti's project literature describes a developer founded in 2008 on contractor roots, with more than 50 projects delivered to date, a total portfolio of more than 80 projects valued at over AED 80 billion, and roughly 30 million square feet of sellable area in its pipeline. This project's own register adds three dated entries so far: the first inspection on 29 December 2025, registration on 14 January 2026, and 31 August 2027 as the recorded completion date. The expected handover is Q2 2028.

In the Dubai REST app, Services and then Project Status lead to the project search; entering project number 4320 or the registered name Maybach Ultimate Luxury opens the project record, and its Escrow panel shows the bank and the account number. Those details are compared with the Sales and Purchase Agreement before each transfer.