Chevalia Estate at Grand Polo Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Chevalia Estate at Grand Polo, account number 1065*****20060 (shown in full in the Escrow Details section above), recorded under DLD project number 3699 for the development registered on 22 April 2025.

The plan runs 10 percent on booking plus the 4 percent DLD registration fee, 70 percent across seven instalments of 10 percent during construction, and 20 percent at 100 percent construction completion. Each of those payments is made into the project escrow account, and the bank releases funds to the developer only against construction stages certified by DLD inspection, with handover expected in Q1 2029.

The DLD inspection dated 21 April 2026 certified 2.28 percent completion, up from 0.35 percent at the previous recorded reading. Enabling, foundation, substructure and infrastructure works were progressing across the villa parcel at that inspection. Each new reading is tracked on the Chevalia Estate construction updates page.

The account covers all 80 villas registered under DLD project 3699 on plot number 1779 in Dubai Investment Park Second. The five bedroom layouts and their built-up areas of approximately 6,516 sq ft (605 sq m) are set out in the Chevalia Estate at Grand Polo project guide.

The details are held in the Dubai Land Department project record and can be read in the Dubai REST app under Services, then Project Status, by searching project number 3699 or the registered name Grand Polo - Chevalia Estate. The Escrow Account panel there shows the bank and account number, which should match both this page and the escrow clause of the Sales and Purchase Agreement.

Yes, the protection continues. Funds remain in the escrow account and are still released only against certified progress, regardless of the calendar. Escrow protects capital while a project completes, but it does not itself compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Chevalia Estate at Grand Polo must go into the DLD-registered escrow account 1065*****20060 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. 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.

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 is precisely why paying only into the registered account matters: money sent anywhere else sits outside the protection and outside the refund mechanism. The wider framework is explained in the Dubai Land Department guide.

Yes, Chevalia Estate at Grand Polo is a freehold project, open to all nationalities.

Chevalia Estate villas start from AED 9.00M (approx USD 2.45M), well above the AED 2 million property investment threshold for the 10-year Golden Visa. The requirements and the application timing are covered in the Chevalia Estate Golden Visa guide.