Project Name
CHIC Tower by de GRISOGONO
CHIC Tower Escrow Account Information
Official Escrow Details for CHIC Tower by de GRISOGONO at Business Bay
CHIC Tower is registered under Dubai’s regulated off plan framework with escrow protections connected to verified construction progress, fund security, and regulatory oversight throughout project development.
CHIC Tower Escrow Account Details
Developer
DAMAC Properties
Escrow Bank
Mashreq Bank PSC
Escrow Account Number
019*******12
Click to view full number
Regulated By
Dubai Land Department (DLD)
Supervised By
Real Estate Regulatory Agency (RERA)
Escrow Status for CHIC Tower
According to the latest available DLD project registration data, CHIC Tower by de GRISOGONO is currently registered as an active residential development within Business Bay by DAMAC Properties.
The project occupies a prime Dubai Canal waterfront location, with construction activity progressing across the tower structure, podium levels, wellness facilities, and branded residential components.
CHIC Tower includes luxury branded residences positioned within one of Business Bay’s most established waterfront districts, making escrow protection an important safeguard for off plan buyers and investors.
Official CHIC Tower Escrow Account Overview
CHIC Tower by de GRISOGONO operates under a DLD regulated escrow structure connected to Business Bay by DAMAC Properties.
Buyer payments are managed through a project specific escrow account linked to verified construction progress and approved development milestones.
How the CHIC Tower Escrow System Protects Buyers
How the CHIC Tower Escrow System Works
- Buyer Payments Enter the Registered Escrow Account
- Construction Progress Is Independently Verified
- Regulatory Monitoring Continues During Development
- Funds Release Through Construction Milestones
How to Verify the CHIC Tower Escrow Account
Buyers can verify CHIC Tower escrow registration details through official Dubai property verification platforms before making payments.
- Dubai REST application
- DLD project verification systems
- SPA and Oqood documentation
- Official developer payment instructions
DAMAC Escrow Track Record Within Business Bay
DAMAC projects within Business Bay operate under DLD regulated escrow frameworks connected to Dubai’s off plan property system.
Escrow protection across Business Bay supports regulated buyer payment management throughout residential construction, canal-front development, infrastructure improvements, and mixed-use community expansion activity.
About CHIC Tower
CHIC Tower by de GRISOGONO is a luxury branded residential development within Business Bay featuring wellness inspired residences, Dubai Canal views, resort style amenities, and DAMAC's landmark waterfront vision.
Explore More About CHIC Tower
Explore additional CHIC Tower resources covering construction updates, Golden Visa guidance, independent snagging inspections, and buyer support before handover.
CHIC Tower Construction Updates
Track construction progress and latest development activity across the Business Bay waterfront project.
CHIC Tower Golden Visa
Learn how qualifying CHIC Tower property investments may support UAE Golden Visa eligibility.
CHIC Tower Snagging Inspection
Identify pre handover defects through an independent inspection before accepting your CHIC Tower residence.
Explore Business Bay Structure
CHIC Tower is positioned within Business Bay, a waterfront district centered around Dubai Canal. Explore Business Bay residences, canal-front connectivity, and DAMAC developments across Dubai.
Business Bay Properties for Sale
Discover waterfront apartments, branded residences, luxury towers, and investment opportunities across Business Bay.
Business Bay Community Overview
Explore Dubai Canal living, Downtown connectivity, lifestyle destinations, and Business Bay infrastructure.
DAMAC Properties Developer Profile
Explore DAMAC branded residences, luxury developments, master communities, and investment opportunities across Dubai.
CHIC Tower Escrow Account - FAQs
Is CHIC Tower protected by an escrow account?
Yes. CHIC Tower operates under a DLD regulated escrow structure within Dubai’s off plan property framework.
Which bank manages the CHIC Tower escrow account?
The CHIC Tower escrow account is registered with Mashreq Bank PSC.
What is the CHIC Tower project number?
CHIC Tower is registered with DLD Project Number 2460.
Can buyers verify the CHIC Tower escrow account?
Yes. Buyers can verify escrow details through Dubai REST, DLD systems, and official project documentation.
Who regulates the CHIC Tower escrow structure?
The escrow framework is regulated by Dubai Land Department (DLD) and supervised by RERA.
Why is the CHIC Tower escrow account important?
The escrow system helps protect buyer payments by linking fund releases to verified construction milestones.
