Albero at Dubai Creek Harbour Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Albero, account number 0205*****8509 (shown in full in the Escrow Details section above). It is the trust account bank recorded for DLD project number 3609, which was registered with the Dubai Land Department on 24 March 2025.

Instalments under Albero's 80/20 plan are paid into the escrow account first, and the bank releases funds to the developer against construction progress recorded through RERA inspections rather than on request. The plan's 4th to 8th instalments are themselves due upon 20%, 40%, 60%, 80% and 100% construction completion, and the final 20% is estimated for Sep 2029, in line with the Q3 2029 handover.

The RERA inspection dated 2 July 2026 recorded Albero at 11% in the DLD register, up from 9.16% at a previous inspection that the DLD app shows without a date. The next construction-linked payment in the launch schedule, the 4th instalment of 10%, is due upon 20% construction completion and estimated for Mar 2027. Dated readings for project 3609 are tracked on the Albero construction updates page.

Oqood is the Dubai Land Department's register for off-plan sales. An Albero sale is recorded in Oqood against DLD project number 3609, which ties the buyer's unit to the registered project and to its escrow account at Emirates NBD Bank (P.J.S.C). Registration in Oqood makes the buyer's interest in the unit a matter of DLD record while the building is still under construction.

The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, calculated on the purchase price and payable in addition to it rather than as one of the 80/20 instalments. The escrow account is where the instalments of the price go: the 10% down payment, seven instalments of 10% and the final 20%. The payment instruction and the Sales and Purchase Agreement set out how the fee itself is collected.

Yes, the protection continues. Money stays in the escrow account and is released only against construction progress recorded through inspections, whatever the calendar says. The DLD register shows a completion date of 30 September 2029 for Albero, consistent with the Q3 2029 handover. Escrow protects capital while a project completes, but it does not itself compensate for delay; any delay terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Albero belongs in the DLD-registered escrow account at Emirates NBD Bank (P.J.S.C), number 0205*****8509, shown in full in the Escrow Details section above and matching the details in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one offered with a discount for paying outside escrow, follows the standard pattern of payment fraud however official it appears. Any such request is checked against the escrow account shown in Dubai REST and against the SPA before money moves.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected funds under DLD supervision. That protection covers money paid into Albero's registered escrow account; a payment sent to any other account sits outside it. The wider framework is explained in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service lists Albero under project number 3609, and its Escrow Account panel shows the bank name and the escrow number. Those two details should match the account on this page and the account in the buyer's Sales and Purchase Agreement. The same record shows the project as Active, registered on 24 March 2025, with 479 units.

Yes. Recent Emaar handovers in Dubai include Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024, and Creek Palace is itself a Dubai Creek Harbour phase. No phase of Albero has been delivered yet; its handover is scheduled for Q3 2029.