Address Residences at Dubai Creek Harbour Escrow Account

The Address Residences Dubai Creek Harbour escrow account is held with Emirates NBD Bank (P.J.S.C.) under account number 0205*****8507 (the complete number appears in the Escrow Details section above). The account belongs to DLD project number 3229, registered with the Dubai Land Department on 20 August 2024, and the RERA inspection report names the same bank as the project's trust account bank.

Buyer instalments collect in the Address Residences escrow account and do not become available to the developer when they are paid. The bank releases funds against construction progress recorded through inspections supervised by the Dubai Land Department, so money reaches Emaar in step with work on site rather than with sales. The plan's later instalments are themselves triggered by construction milestones of 10, 20, 40, 60, 80 and 100 percent, the last of them the 20 percent completion payment.

The DLD register reading of 4 May 2026 recorded construction at 26.44 percent, with enabling, piling and foundation works listed as completed in the RERA inspection report of the same date. On plain arithmetic, not a developer statement, the instalments up to and including the 20 percent construction milestone add up to 55 percent of the price, while the 40, 60, 80 and 100 percent milestones, worth 45 percent, were still outstanding at that reading. Emaar's milestone confirmations come from the project consultant rather than the DLD app, and the Sales and Purchase Agreement governs exact due dates. Each new reading is tracked on the Address Residences construction updates page.

In the Dubai REST app, Services and then Project Status lead to the project record, found by project number 3229 or by its register name, "Address Residences l Dubai Creek Harbour", in which the "l" is the register's separator rather than part of the brand. The Escrow Account panel on that record shows the bank and account number, and those two details are expected to match the Escrow Details section on this page and the escrow clause in the Sales and Purchase Agreement.

No. Every off-plan payment for Address Residences belongs in the DLD-registered escrow account 0205*****8507 at Emirates NBD (the Escrow Details section above shows it in full), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, a broker's account or a different company account, particularly one offering a discount for paying outside escrow, follows the standard pattern of payment fraud whatever letterhead or signature comes with it. Money sent anywhere other than the registered account falls outside the escrow protection.

No. The 4% DLD registration fee is paid to the Dubai Land Department to register the purchase and does not go into the Address Residences escrow account. Only the price instalments, starting with the 10 percent down payment, are paid into escrow, so the fee is not part of the balance that escrow protects or that the bank later releases to the developer.

On an off-plan resale, usually called an assignment, the instalments the seller has already paid remain with the project: they went into the Address Residences escrow account and count toward the unit's price. The buyer typically reimburses the seller for those payments, plus any agreed premium, directly and outside escrow, and every instalment still to come continues to go into the escrow account. An assignment needs Emaar's consent under the conditions set in the Sales and Purchase Agreement and is registered with the Dubai Land Department. A purchase from Emaar's own stock, by contrast, sends the down payment and every instalment straight into escrow.

Oqood is the Dubai Land Department's interim register for off-plan sales: it records the purchase of a specific Address Residences unit under project 3229, the registration to which the escrow account is linked, while the tower is under construction. After construction completes and the final payment is made, the Oqood record is replaced by a title deed in the buyer's name. Exact timing and conditions follow the Sales and Purchase Agreement and DLD procedures.

The escrow protection continues whatever the calendar says: funds stay in the Address Residences escrow account and are released only against recorded construction progress. The DLD register lists a registered completion date of 31 January 2029, in line with the expected Q1 2029 handover. Escrow protects capital but does not pay compensation for a delay; any delay terms sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then paid from the protected balance under the supervision of the Dubai Land Department. That safety net reaches only money paid into the registered account, which is why a payment to any other account is the real exposure. Cancellation and refund rules sit within the framework described in the Dubai Land Department guide.

Escrow protects the instalments paid into the registered Address Residences account. It does not cover money sent to any other account, the DLD registration fee, broker commission, or service charges after handover. It also does not guarantee the handover date, pay compensation for delays, or protect the resale value of a unit, which depends on the market. Delay terms and other contractual remedies sit in the Sales and Purchase Agreement.