Cedar at Dubai Creek Harbour Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Cedar, account number 0015*****139801 (shown in full in the Escrow Details section above). The account is recorded against DLD project number 2551, Creek Beach - Savanna-Cedar-Mangrove, the registration Cedar shares with Savanna and Mangrove, which was registered with the Dubai Land Department on 01 March 2023.

Cedar launched on a 90/10 payment plan of record made up of ten instalments of 10 percent: 90 percent during construction and the final 10 percent on completion. Buyer instalments were paid into the escrow account first, and the bank released funds to the developer only against construction progress certified by DLD inspections. The joint register reached 100 percent at the inspection of 04 November 2025, which closed the progress-linked release cycle.

Yes. The RERA inspection dated 04 November 2025 recorded 100 percent for joint register 2551, up from a previous reading of 92.73 percent that the register lists without a date, and the register now reads Finished. The inspection report records a building completion certificate from the Dubai Development Authority dated 23 October 2025. The reading covers Cedar, Savanna and Mangrove together, and the full record is tracked on the Cedar construction updates page.

Buyer funds stayed in the escrow account and were released only against certified progress, whatever the calendar said, so a slower build would have slowed releases rather than exposed deposits. Escrow protects capital; it does not compensate for delay, and delay terms sit in the Sales and Purchase Agreement. In the event, the joint register recorded 100 percent on 04 November 2025, 269 days before its registered completion date of 31 July 2026.

No. Every payment due to the developer under an off-plan Cedar contract belongs in the DLD-registered escrow account 0015*****139801 at Dubai 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 money to a personal account, an agent's account or a different company account, especially one offered with a discount for paying outside escrow, matches the standard pattern of payment fraud however official it looks. Any such request should be checked against the escrow account registered in Dubai REST and the Sales and Purchase Agreement before funds move.

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 protection only reaches money paid into the registered account. With joint register 2551 at 100 percent and reading Finished, cancellation is no longer a live question for Cedar, but the mechanism explains why the account number mattered at every instalment. The wider framework is explained in the Dubai Land Department guide.

No. The 4% DLD registration fee is paid to the Dubai Land Department, not into the escrow account. On Cedar's plan of record it was paid at booking alongside the 10 percent down payment. It is a government registration fee rather than part of the purchase price, so it is never released to the developer against construction progress.

Oqood is the Dubai Land Department's register for off-plan sales: it recorded each original Cedar buyer's interest in a unit while the buildings were under construction and payments were flowing into escrow. The title deed is the ownership record for a completed property, issued in the buyer's name once the transfer is registered with the Dubai Land Department. On a Cedar apartment bought ready today, the sale is registered directly toward a title deed.

The escrow account protects capital paid into it; it does not compensate for delay, it does not cover money sent to any other account, and it does not hold the 4% DLD registration fee, which goes to the Dubai Land Department. It also says nothing about the condition of an individual finished apartment: defects are recorded through a snagging inspection before acceptance and raised with the developer for rectification.

Cedar's construction-linked releases are complete, so for a ready purchase the protection shifts from escrow releases to the Dubai Land Department transfer: the sale is registered and the title deed is issued in the buyer's name. Any payment still due to the developer under an original off-plan Cedar contract belongs only in the Dubai Islamic Bank escrow account shown in the Escrow Details section above, and the payment route for a ready unit is confirmed in writing against the sale contract before any funds move.

In the Dubai REST app, the Project Status service under Services returns the project by number 2551 or by the name Creek Beach - Savanna-Cedar-Mangrove, the joint registration under which Cedar is listed. Its Escrow Account panel shows the bank and the escrow number, which should match both this page and the Sales and Purchase Agreement before any payment is made.

Cedar's own register is complete: project 2551 was registered on 01 March 2023, construction started on 27 May 2023, the Dubai Development Authority building completion certificate is dated 23 October 2025, and the joint register recorded 100 percent on 04 November 2025. Across Dubai, Emaar's recent handovers include Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024.