Chevalia Fields Escrow Account

National Bank of Ras Al Khaimah (P.S.C) holds the escrow account for Chevalia Fields, account number 0322*****4004 (shown in full in the Escrow Details section above), opened under DLD project number 3701 when the project was registered in April 2025.

Chevalia Fields uses a 10/70/20 plan. The 10 percent booking amount and the seven construction instalments of 10 percent each land in the escrow account first, and the bank releases funds to Emaar only against construction stages certified by DLD inspections. The first three instalments follow fixed calendar dates, the next four are tied to 30, 50, 80 and 90 percent certified completion, and the closing 20 percent is due at 100 percent construction completion scheduled for April 2029.

The inspection dated 21 July 2026 certified 10.03 percent completion, up from 1.36 percent at the previous inspection. The report records enabling, foundation and substructure works progressing at different stages, with superstructure, internal, envelope and MEP works at early stages and infrastructure works underway across the site. Dated inspection detail is tracked on the Chevalia Fields construction updates page.

The project appears in Dubai REST as "Grand Polo - Chevalia Fields" under project number 3701, and the registered developer is Emaar Development P.J.S.C. with developer number 1211. The marketing name Chevalia Fields at Grand Polo Club and Resort and the registered name refer to the same project, which matters when checking the escrow account, because a search on the marketing name alone may not return the record.

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 the project completes, though it does not itself compensate for delays; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Chevalia Fields must go into the DLD-registered escrow account 0322*****4004 at National Bank of Ras Al Khaimah (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. This is the reason paying only into the registered account matters: money sent anywhere else sits outside that protection entirely. The wider framework is explained in the Dubai Land Department guide.

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

Chevalia Fields villas start from AED 7.34 million (approx USD 1,999,000) for four bedrooms and AED 9.19 million (approx USD 2,502,000) for five bedrooms, both above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Chevalia Fields Golden Visa guide.