Avarra by Palace Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Avarra by Palace, account number 0205*****8537 (shown in full in the Escrow Details section above). The account is recorded against DLD project number 4227, which was registered with the Dubai Land Department on 20 November 2025.

Every instalment under the Avarra by Palace 90/10 plan is deposited in the escrow account first. The bank releases funds to the developer only against construction progress recorded by DLD inspections, not according to the payment calendar. The last four instalments, from March 2029 onward, are themselves linked to estimated construction completion of 50, 70, 90 and 100 percent, with the final 10 percent due on completion in June 2031.

The RERA inspection dated 10 June 2026 recorded a DLD register reading of 0.08 percent, up from 0 percent at the previous inspection on 18 November 2025, with a progress status of Enabling Works, Progressing and mobilisation under way on site. Because releases from escrow follow recorded progress, the reading places Avarra by Palace at its enabling stage, with almost the whole construction programme still to be inspected. Each inspection is tracked on the Avarra by Palace construction updates page.

Yes, the protection continues. Funds stay in the escrow account and are released only against recorded construction progress, whatever the calendar says, so a handover later than the scheduled June 2031 does not move buyer money out of the account ahead of the works. Escrow protects capital while the project is completed; it does not itself compensate for delay, and those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Avarra by Palace goes into the DLD-registered escrow account 0205*****8537 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 send money to a personal account, an agent's account or a different company account, especially one offering a discount for paying directly, matches the usual pattern of payment fraud, however official the paperwork appears. The benchmark for any such request is the escrow account shown in Dubai REST for project 4227 and in the Sales and Purchase Agreement.

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 safety net covers money held in the registered account; a payment sent anywhere else sits outside it. The wider framework is explained in the Dubai Land Department guide.

Oqood is the Dubai Land Department's register for off-plan property sales. An Avarra by Palace purchase is registered in Oqood against DLD project number 4227, the same project record that names Emirates NBD as the escrow bank, which ties the buyer's unit to the protected account. The registration follows the booking, when the 10 percent down payment and the 4% DLD registration fee are paid.

No. The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, calculated on the purchase price and paid at booking alongside the down payment. It is not a construction instalment, so it sits outside the twelve rows of the Avarra by Palace payment plan, which cover 100 percent of the price from the 10 percent down payment to the final 10 percent on completion.

The Dubai REST app shows the registered escrow details of off-plan projects. Under Services, then Project Status, a search for project number 4227 or "Avarra By Palace" opens the project record, where the escrow panel lists Emirates NBD Bank (P.J.S.C) and account number 0205*****8537. The same bank appears as the trust account bank on the project's RERA inspection reports.

Yes. No phase of Avarra by Palace has been delivered, since the tower is a single building still at its enabling stage, but Emaar's recent Dubai handovers under DLD-registered escrow include Creek Palace (delivered Mar 2026), Seagate (delivered Sep 2025), June (delivered Jun 2025) and Bliss (delivered Nov 2024).