Alba Dorchester Collection Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Alba Dorchester Collection, account number 0205*****7405 (shown in full in the Escrow Details section above), recorded against DLD project number 2987 and named as the trust account bank on the RERA inspection report for the project.

The plan is 5 percent booking fee, 20 percent on the SPA, then 10 percent on substantial completion of the residential tower enabling works, 5 percent on the ground floor, 10 percent on the superstructure and 10 percent on window glazing installation, with the final 40 percent due on the Project Completion Date. Each amount is paid into the escrow account rather than to the developer, and the bank releases funds only against construction stages certified by DLD inspections.

The RERA inspection dated 1 September 2026 records certified progress of 8.35 percent, against a previous reading of 7.05 percent, a movement of 1.30 points. The inspection notes describe enabling works, piling, foundation and substructure works progressing at different stages on site, and the progress status is recorded as Main Contract - Progressing. Month by month detail is tracked on the Alba Dorchester Collection construction updates page.

The protection does not lapse with the calendar. Funds remain in the registered escrow account and continue to be released only against certified construction progress. Two dates apply to this project: the registered completion date filed with the Dubai Land Department for project 2987 is 31 March 2028, and the handover guidance stated for buyers is Q4 2028. Escrow protects capital while a project completes, but it does not itself pay compensation for delay, and those terms sit in the Sales and Purchase Agreement.

No. Every off plan payment for Alba Dorchester Collection belongs in the DLD-registered escrow account 0205*****7405 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to route funds to a personal account, to a company account that is not the registered escrow account, or to an agent account, and especially one offered alongside a discount for settling directly, is the standard shape of payment diversion fraud however official the paperwork appears. Requests of that kind can be tested in a minute, against the escrow account registered in Dubai REST and against the escrow clause of the Sales and Purchase Agreement, before anything is transferred.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. That mechanism is the reason payments belong only in the registered account: money sent anywhere else sits outside the protection entirely. How cancellations and refunds are handled is set out in the Dubai Land Department guide.

The project is marketed by OMNIYAT, and the developer registered against it on the Dubai Land Department record is Grandeur Beach Real Estate Development L.L.C, developer number 1586. It is filed as The Alba Residences By Omniyat under project number 2987 on plot 463, Palm Jumeirah, with a registered status of Active and 137 residences.

Yes, Alba Dorchester Collection is a freehold project, open to all nationalities.

Every published price tier at Alba Dorchester Collection sits far above the AED 2 million property investment threshold for the 10 year Golden Visa, starting at AED 18.225M (approx USD 4.96M) for a two bedroom simplex residence, so a single residence qualifies on its own without combining assets. The requirements and application timing are covered in the Alba Dorchester Collection Golden Visa guide.