Berkeley Tower Escrow Account

Commercial Bank of Dubai (PSC) holds the escrow account for Berkeley Tower, account number 1010*****3 (shown in full in the Escrow Details section above), registered under DLD project number 4417. The Dubai Land Department register records the project registration date as 13 October 2026.

Both kinds of instalment are paid into the same escrow account. After the 20% booking instalment, four time-linked 5% instalments fall due 90, 180, 240 and 360 days after each buyer's own reservation date, whatever stage the build has reached. Six construction-linked 5% instalments fall due on completion of 20%, 30%, 40%, 50%, 60% and 70% of the project construction, and the remaining 30% is payable on completion. Releases from the account to the developer follow construction progress recorded through RERA inspections.

No. The 4% DLD registration fee is paid to the Dubai Land Department alongside the 20% booking instalment and does not enter the Berkeley Tower escrow account. It is a government registration charge rather than part of the purchase price, so it is neither held for the project nor released to the developer.

The Dubai Land Department register shows 0% for Berkeley Tower at the inspection dated 1 October 2026, the first and only reading for the project, and the RERA inspection report for that date records that no construction activities had been started. Under the 70/30 plan the first construction-linked instalment falls due only on completion of 20% of the project construction, so payments at this stage are the booking instalment and the time-linked instalments. Each new reading is tracked on the Berkeley Tower construction updates page.

Money already paid remains in the escrow account, and releases to the developer keep following recorded construction progress rather than the calendar. Handover is scheduled for Q4 2031, and the registered completion date in the Dubai Land Department register is 31 December 2031. Escrow protects capital while the project is completed; it does not itself compensate buyers for a later handover, and any such terms sit in the Sales and Purchase Agreement.

No. Off-plan payments for a Berkeley Tower office are made only into the DLD-registered escrow account 1010*****3, held at Commercial Bank of Dubai (PSC) and shown in full in the Escrow Details section above, exactly as recorded in the Sales and Purchase Agreement. A request to route money to a personal account, a broker's account or a different company account, particularly one offered with a discount for paying outside escrow, follows the usual pattern of payment fraud, however genuine the paperwork appears. Any such request is checked against the escrow account shown for project 4417 in Dubai REST and against the Sales and Purchase Agreement before any money moves.

If a registered project is cancelled, RERA takes control of the escrow account and refunds to buyers are handled from the protected funds under Dubai Land Department supervision. That safety net reaches only money paid into the registered account; funds sent anywhere else sit outside it. With Berkeley Tower at its 0% baseline from the 1 October 2026 inspection, the escrow account is the main safeguard for every instalment paid before construction gets under way. How the DLD framework governs cancellation and refunds is set out in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service lists the project under number 4417 with the register name Berkeley Tower. Its escrow panel shows the trust account bank, Commercial Bank of Dubai (PSC), together with the account number, which should match both the Escrow Details section on this page and the escrow clause of the buyer's Sales and Purchase Agreement. The same record shows the project status as Active.

Berkeley Tower is marketed by Ellington Properties, and the Dubai Land Department register and the RERA inspection report list the developer as E L P G REAL ESTATE DEVELOPMENT L.L.C, developer number 1939. That registered name is the one shown against project 4417 in Dubai REST.

Ellington Properties began handover of Harrington House in Jumeirah Village Circle on 1 November 2022, and its completed Dubai projects also include Belgravia Heights I in Jumeirah Village Circle and DT1 in Downtown Dubai. Berkeley Tower runs on its own escrow account under DLD project 4417, separate from every earlier project.

The escrow account protects buyer payments made into it while the project is built. It does not cover money sent to any other account, the 4% DLD registration fee paid to the Dubai Land Department, or compensation for a later handover, which is governed by the Sales and Purchase Agreement. It also does not guarantee the future market value or rental income of an office: escrow protects capital, it does not compensate.