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Jubail Island Investment Company signs Escrow Account Services agreement with ADIB

Abu Dhabi, 6 Sep 2022: Jubail Island Investment Company has signed an escrow agreement with Abu Dhabi Islamic Bank (ADIB), the leading financial institution for phase one of the development on Jubail Island.

The deal allows the bank to open and manage escrow accounts for the project which was launched in 2019. As part of the agreement, ADIB will act as a trustee for the account and provide banking services to safeguard buyers’ interests when purchasing properties on Jubail Island, providing all parties involved in the development peace of mind.

It will also protect new potential home buyers while reaffirming Jubail Island’s commitment to comply with the Real Estate Law, offering additional transparency and assurance for customers.

Jubail Island comprises of approximately 50 square kilometers in size with more than 30 kilometers of pristine waterfront surrounded by mangrove forests. The development is segregated into three phases, the first phase will include six residential villages in the investment area amidst the natural beauty and rich biodiversity of the mangroves. It will be comprised of residential units including villas and townhouses distributed on multiple plots in addition to amenities such as Marina district, school, sports facilities, community center, retail and parks.

ADIB provides Escrow management services as an authorized escrow agent with state-of-the-art services and has robust escrow management system with highly effective operational capabilities. It has a dedicated escrow management team. The bank has been managing escrow accounts in the UAE for over a decade when the respective escrow laws were implemented.

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Jubail Mangrove Park Rules

Jubail Mangrove Park Rules
This park has access to open water bodies and there are no lifeguards on duty.
The Park is monitored by CCTV 24 hours a day.
Swimming or diving into the water is not permitted.
No pets allowed.
No Littering.
No smoking allowed.
No food or beverages allowed on the boardwalk.
Please do not lean or climb over the railing.
Toys, Skating, the use of scooters and/or bicycles are not permitted in the park.
Respectful clothing must be considered.
All parcels and bags are subject to a security check.
Items displayed, plants, wildlife must not be touched and/or removed.
Please do not sit or place children on the railing.
Children under the age of 18 must be accompanied by an adult at all times during the visit.
Park representatives reserve the right to remove any persons contravening the above or due to unruly or inappropriate behaviour.
Disclaimer: Guests and their visitors or employees enter and use these premises at their own risk. Neither the Owners nor their Representatives or Agents are liable for loss or damage to any guest, visitor, employee or any person’s property, nor for injury or death of any guest, visitor, employee or any person whether such loss or damage to property or injury or death is as a result of the negligence of the Owners and or their Representatives or Agents or not.

For myself and for my heirs, personal representatives and assigns, I hereby:

I agree to assume responsibility for the risk of the activity, whether identified or not. My participation in the activity is purely voluntary. I assume full responsibility for myself for any bodily injury, accident, illness, paralysis, death, loss or damage to personal property and expenses thereof as a result of my participation in the activity.

I confirm and warrant that: I have no medical condition (physical or mental) which would/could impact on my ability to participate in the activities provided; [For female participants] I am not pregnant; I am physically able to participate in the activities provided; I am not taking any herbal or medicinal supplements or prescription drugs that could impact on my ability to participate in activities provided.

I release the organizer, their principals, directors, officers, agents, employees and volunteers, and their insurers, from any and all claims of whatever kind, and from any and all liability for any and all injury or damage (including death) as a result of my participation in the activity.

I agree and consent to the receipt of medical treatment in a medical emergency situation where I may not be capable to consent to such treatment.

The undersigned understands that this agreement does not include participant insurance. The undersigned acknowledges that they either have appropriate insurance or, in its absence, agree to pay all cost of rescue and/or medical services as may be incurred on their behalf.

The undersigned agrees to pay for any or all damages to any equipment or property caused by the undersigned either negligently, willfully, or otherwise

I consent to the use of my and/or any of my dependent’s images for any and all such purposes, including without limitation video, still photographs, publication, and any trade or advertising purposes.

I understand that this release refers to all claim types, including breach of contract, fraud, or any other type of suit and includes losses alleged to be caused by the negligence of the organizer to the fullest extent permitted by law with the exception of Gross Negligence



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