Escrow & Milestones
Construction-linked draw-downs under Dubai Escrow Law. Salim verifies site progress before releasing each off-plan tranche from the project trust account.
Held in escrow
AED 1.79M
Released to date
AED 1.19M
Accounts
3
Tranches due
1
Sobha Hartland II
Emirates NBD
Balance held
AED 1,788,000
Released
AED 1.19M
40% of plan released
DAMAC Lagoons
ADCB
Balance held
AED 0
Released
AED 0
0% of plan released
Downtown Views II
Mashreq Bank
Balance held
AED 0
Released
AED 0
0% of plan released
Milestone schedule
Construction-linked payment plan & draw-down status
Booking deposit20%
Sobha Hartland II · Chen Lifen · trigger: Reservation
Released 02 Mar 2026
AED 596,000Drawn
20%, Structure complete20%
Sobha Hartland II · Chen Lifen · trigger: MEP stage reached
Released 27 May 2026
AED 596,000Drawn
20%, 60% construction20%
Sobha Hartland II · Chen Lifen · trigger: 60% concrete completion
Due 29 Jun 2026 · construction verified
AED 596,000
40%, On handover40%
Sobha Hartland II · Chen Lifen · trigger: Handover & Title
Due 25 Mar 2028
AED 1,192,000Pending