W Residences at Dubai Harbour Escrow Account

National Bank of Ras Al Khaimah (P.S.C) holds the escrow account for W Residences by Arada at Dubai Harbour, account number 0023*****6003 (the complete number is revealed by the Show button in the Escrow Details section), recorded against DLD project number 3317, which was registered on 18 October 2024.

Under the 10/30/60 plan, the 10% booking payment and the 30% construction-period share land in the escrow account before any of that money reaches Arada. The bank lets funds go only against construction progress recorded through DLD inspections, never simply because a date has passed, and the remaining 60% falls due on handover, expected in Q4 2028.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 10% booking payment, and does not enter the escrow account. It is a government registration fee rather than part of the purchase price, so it is neither held for the project nor released to Arada.

No. Every off-plan payment toward a W Residences Dubai Harbour residence belongs in the DLD-registered escrow account 0023*****6003 held with National Bank of Ras Al Khaimah (P.S.C); the Show button in the Escrow Details section reveals the complete number, which matches the account recorded in the Sales and Purchase Agreement. A request to route money to an individual's account, a broker's account or another company account, particularly one offered with a discount for paying directly, follows the usual pattern of payment fraud however official it looks. The reliable test for any such request is the escrow account registered for project 3317 in Dubai REST, together with the escrow details in the SPA.

The Dubai REST app shows the record directly. Under Services, then Project Status, a search for project number 3317 or the register name W Residences At Dubai Harbour opens the project, and its Escrow Account panel lists the bank and the account number. Those details should match both this page and the escrow clause of the Sales and Purchase Agreement before any transfer is made.

The Dubai Land Department register shows 3.99% for the inspection of 13 October 2026, up from 2.04% at the previous inspection shown in the DLD app on 6 July 2026. The RERA inspection report for that date prints no percentage and notes that enabling and piling works were progressing at the site. Because escrow releases follow recorded progress, the project sits at the start of its release cycle, with the construction-linked releases still ahead. Each dated reading is tracked on the W Residences Dubai Harbour construction updates page.

Yes, the protection continues while the project is completed. Funds remain in the escrow account and are released only against recorded construction progress, whatever the calendar says. Escrow protects capital but does not compensate buyers for a late handover; any delay terms sit in the Sales and Purchase Agreement. Handover is expected in Q4 2028.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds are then handled from the protected funds under the supervision of the Dubai Land Department. That safety net covers money paid into the registered account for project 3317; payments sent to any other account sit outside it. The cancellation framework and the wider role of the DLD are set out in the Dubai Land Department guide.

No buyer can draw on the escrow account directly, because it is a project trust account rather than a personal deposit. Refunds from it arise through the cancellation process supervised by the Dubai Land Department, while any other termination or refund entitlement depends on the terms of the Sales and Purchase Agreement and Dubai's off-plan regulations.

The escrow account protects the purchase payments made into it under DLD supervision. It does not hold the 4% DLD registration fee, which goes to the Dubai Land Department; it does not compensate for a late handover, since delay terms sit in the Sales and Purchase Agreement; and it does not protect money paid into any other account. It also makes no promise about resale value, rental income or the finish of the completed residence.

Oqood is the Dubai Land Department's interim register for off-plan sales. A W Residences Dubai Harbour unit is typically registered under Oqood in the buyer's name after booking and the signing of the Sales and Purchase Agreement, which is also when the 4% DLD registration fee is paid. The title deed follows after completion, once the handover payment is made and the unit is transferred, with handover expected in Q4 2028.

Arada's brochure describes a developer launched in 2017 and headquartered in the UAE, with projects that include Aljada and Masaar in Sharjah, and Jouri Hills and Armani Beach Residences in Dubai. The sources for this page give no dated handovers for those projects. For W Residences Dubai Harbour itself, the DLD register records registration on 18 October 2024, a construction start on 15 June 2025 and a latest reading of 3.99% on 13 October 2026.