Altitude de Grisogono Escrow Account

Abu Dhabi Islamic Bank holds the trust account for the project, account number 2885***** (shown in full in the Escrow Details section above), opened under DLD project number 2626 when the project was registered on 31 May 2023.

Altitude de Grisogono is the marketing name for the tower, while the Dubai Land Department registers it as Canal Crown 2 under project number 2626, with One Quantem Real Estate Development L.L.C recorded as the developer, developer number 1554. Searching Dubai REST for the registered name or the project number returns the escrow record; the marketing name does not.

The launch plan is structured 70/30: a 20 percent deposit on booking, the remainder of the first 70 percent in monthly installments running to 44 months from the sale date, and 30 percent on completion. Every one of those payments is made into the DLD-registered escrow account, and the bank releases funds to the developer only against construction stages certified by RERA inspections.

The inspection dated 24 March 2026 certified 26.12 percent completion, up from 20.28 percent at the previous inspection. Enabling, piling and foundation works were recorded as complete, with superstructure works progressing and internal, MEP, envelope and finishing works at early stages. Inspection by inspection detail is tracked on the Altitude de Grisogono construction updates page.

The protection continues regardless of the calendar. Funds remain in the escrow account and are released only against certified construction progress, so a slower schedule does not move money out of supervision. Escrow protects the capital while the project completes; it does not itself compensate for delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for this project must go into the DLD-registered escrow account 2885***** at Abu Dhabi Islamic Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or an alternative company account, particularly one paired with a discount for paying directly, is the classic pattern of payment fraud regardless of how official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are sent.

No. The 4 percent Dubai Land Department registration fee is paid to the DLD and sits outside the project escrow account, which holds purchase price installments only. Where a developer offer covers that fee on a buyer's behalf, it changes who bears the cost, not the account the purchase payments are made into.

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 paying only into the registered account matters: funds sent anywhere else sit outside the protection and outside the refund process. The wider framework is explained in the Dubai Land Department guide.

Yes, Altitude de Grisogono is a freehold project, open to all nationalities.

It depends on the tier. Studios from AED 1.18 million (approx USD 321,000) and one bedrooms from AED 1.93 million (approx USD 526,000) sit below the AED 2 million property investment threshold for the 10-year Golden Visa, while two bedrooms from AED 3.30 million (approx USD 899,000), three bedrooms from AED 6.28 million (approx USD 1.71 million) and duplexes from AED 8.86 million (approx USD 2.41 million) sit above it. The requirements and application timing are covered in the Altitude de Grisogono Golden Visa guide.