Wynwood Horizon Escrow Account

Ajman Bank P.J.S.C. holds the escrow account for Wynwood Horizon by Imtiaz, account number 0111*****011 (shown in full in the Escrow Details section above). The Dubai REST record for project 4133, registered on 31 October 2025, lists the same bank as the project's trust account bank.

In the Dubai REST app, Services and then Project Status lead to the project record, listed under project number 4133 and the register name "Wynwood Horizon By Imtiaz". Its Escrow panel shows the bank, Ajman Bank /P.J.S.C, and the full account number, which should match both the Escrow Details section of this page and the Sales and Purchase Agreement.

The DLD register reading dated 16 September 2026 shows Wynwood Horizon at 9.59%, with a previous reading of 6.68% shown without a date. The RERA report of the same day records mobilisation, with enabling, foundation and substructure works under way. Releases from the escrow account to the developer follow recorded construction progress, so at this early stage the payments collected under the plan stay under DLD supervision until the works they fund are recorded. Each reading is tracked on the Wynwood Horizon construction updates page.

Wynwood Horizon follows a 60/40 plan: 20% on booking, seven dated instalments totalling 40% between 15 February 2026 and 15 November 2027, and 40% on completion in Q2 2028. By the 16 September 2026 register reading, 40% of the price had been called against 9.59% recorded progress, and by 24 October 2026, 45% had fallen due. The next instalment is 5% on 15 February 2027. Each instalment is paid into the escrow account and released to the developer against recorded construction progress, not on the payment dates.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20% booking payment, and is not held in the Wynwood Horizon escrow account. The escrow account receives the purchase price instalments only; the fee is a government charge for registering the sale.

The final 40% falls due on completion, with handover targeted for Q2 2028, and is paid under the same DLD-registered escrow arrangement as the earlier instalments, to the account recorded in the Sales and Purchase Agreement. After completion, a retention amount remains in escrow to cover the rectification of defects.

Yes, the protection carries on. Money paid toward Wynwood Horizon stays in the escrow account and is released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the tower is built; it does not compensate buyers for late completion, and any such terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment toward Wynwood Horizon belongs in the DLD-registered escrow account 0111*****011 at Ajman Bank (the full number appears in the Escrow Details section above), as set out in the Sales and Purchase Agreement. A request to pay a personal account, an agent, or a different company account, particularly one offering a discount for paying direct, matches the usual pattern of payment fraud however official the paperwork looks. Any such request is checked against the escrow account shown for project 4133 in Dubai REST and against the Sales and Purchase Agreement before funds move.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are paid from the protected funds under DLD supervision. That protection covers money paid into the registered account; payments sent anywhere else fall outside it. The wider framework is explained in the Dubai Land Department guide.

The DLD register and the RERA report of 16 September 2026 name IMTIAZ GI REAL ESTATE DEVELOPMENT L.L.C, developer number 2323, as the developer of project 4133. The project is marketed under the Imtiaz Developments brand, and the escrow account at Ajman Bank is held for this project registration.

The escrow account protects instalments paid into it toward the purchase price. It does not hold the 4% DLD registration fee, it does not protect money paid to any other account, and it does not compensate for late completion, which is governed by the Sales and Purchase Agreement. It also offers no assurance on resale prices or rental income.