What is the ruling on paying zakah on money that was set aside to buy land but the sale has not yet been completed?

Question:
I had a sum of money that I set aside to buy a piece of land. I agreed with the seller on the price and gave him a deposit, but he traveled away and a lunar year passed over the money. He asks: Is it obligatory for me to pay zakah on it?

Answer:
Yes, it is still your property. It is still your property, so you pay zakah on it if a lunar year has passed over it. Yes.