Belmore Residences Escrow Account

Arab Bank PLC holds the escrow account for Belmore Residences, account number 3001*****3000 (shown in full in the Escrow Details section above). The account is recorded against DLD project number 4033, which was registered with the Dubai Land Department on 27 August 2025.

The Dubai REST app shows the account under Services, then Project Status, by searching project number 4033 or the register name Belmore Residences. The project's Escrow panel lists the bank as Arab Bank Plc together with the account number, and the RERA inspection report for the project records ELLINGTON PROPERTIES DEVELOPMENT L.L.C, developer number 1117, as the registered developer, with Arab Bank PLC as the trust account bank. A genuine payment instruction carries the same details as the escrow section of the Sales and Purchase Agreement.

Belmore Residences uses a 70/30 plan. The 20% booking instalment and the 10%, 10%, 5% and 5% instalments due 60, 120, 240 and 360 days after the reservation date are paid into the escrow account, followed by four 5% instalments linked to 30%, 40%, 50% and 60% construction, and 30% on completion. The bank releases funds to Ellington only against construction progress verified through DLD inspections.

No. The DLD register reading recorded on 6 August 2026 was 6.53%, and the first construction-linked instalment falls due at 30% construction, so none of the four had been triggered at that reading. The reservation-date instalments, 50% of the price in total, fall due within 360 days of each buyer's own reservation date, independent of construction. Newer readings, once published, are tracked on the Belmore Residences construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20% booking instalment, and does not pass through the Belmore Residences escrow account. Only instalments of the purchase price are paid into escrow.

The final 30% falls due on completion. Handover is expected in Q4 2027, and the DLD register records a completion date of 31 December 2027. The payment follows completion of the building rather than a fixed calendar date, and the current construction timetable can be confirmed with the developer in writing.

The funds stay in the escrow account and continue to be released only against verified construction progress, whatever the calendar says. Escrow protects buyers' capital while the project is built, but it does not compensate for a change in timing; any terms on that point sit in the Sales and Purchase Agreement.

No. Every off-plan payment toward the purchase price at Belmore Residences belongs in the DLD-registered escrow account 3001*****3000 at Arab Bank (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying directly, matches the usual pattern of payment-diversion fraud, however official the paperwork appears. Any such request can be checked against the escrow account registered in Dubai REST before funds move.

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 the registered account; money sent anywhere else sits outside it. The wider framework is explained in the Dubai Land Department guide.

Yes. Dubai's escrow framework provides for a retention portion to remain in the account after completion to cover defect repairs, which gives the developer a financial reason to fix issues reported after handover. The applicable terms are set out in the Sales and Purchase Agreement, and a careful inspection of the apartment before handover is how a buyer puts that retention to use.

According to the developer's own announcements, Ellington began the handover of Harrington House, a 92-residence building in Jumeirah Village Circle, on 1 November 2022 and described it as completed ahead of schedule. Ellington also lists Belgravia Heights I in Jumeirah Village Circle, DT1 in Downtown Dubai, and Wilton Terraces and Wilton Park Residences in Mohammed Bin Rashid City among its delivered projects. The developer's wider record is covered on the Ellington developer profile.

Escrow protects instalments of the purchase price paid into the registered account. It does not hold the 4% DLD registration fee, agency fees or post-handover service charges, it does not compensate for changes to the construction timetable, and it cannot protect money paid to any other account. The condition of the finished apartment is addressed through the retention held after completion and the defect terms in the Sales and Purchase Agreement.