City Walk Crestlane 2 Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for City Walk Crestlane 2, account number 1050*****20024 (the full number sits in the Escrow Details section above). ADCB is recorded as the trust account bank on the Dubai Land Department file for project number 3530, which was registered on 06 February 2025.

Under the developer's 75/25 plan, the 20% down payment and the six dated construction-period instalments (10%, 5%, 10%, 10%, 10% and 10%) are paid into the ADCB escrow account rather than to Meraas directly. The bank releases funds to the developer against construction progress confirmed through the inspection process supervised by the Dubai Land Department, and the final 25% is due on handover, expected in Q4 2028. The plan is date-based: each instalment falls due on its calendar date, not at a construction percentage.

The developer's launch schedule dated four instalments before November 2026: July 2025 (10%), November 2025 (5%), April 2026 (10%) and September 2026 (10%). For a purchase made now, the schedule that applies, including any catch-up amount payable at booking, is set by Meraas in the Sales and Purchase Agreement and confirmed at booking. Whatever schedule applies, the instalments themselves are payable into the project's ADCB escrow account.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20% down payment, and it does not enter the escrow account. The fee covers registration of the purchase with the DLD (Oqood for an off-plan unit); only payments toward the purchase price go into the ADCB escrow account.

No. All off-plan payments toward a City Walk Crestlane 2 unit belong in the DLD-registered escrow account 1050*****20024 at ADCB (the full number sits in the Escrow Details section above), as stated in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one paired with a discount for paying outside escrow, fits the usual pattern of payment-diversion fraud, however official the paperwork appears. The reference point for any such request is the escrow account shown on Dubai REST and in the SPA.

Other Meraas projects in City Walk also keep their escrow accounts at ADCB, and their account numbers are near-identical to the City Walk Crestlane 2 account, differing only in the final digits. A number that matches the opening digits is therefore not proof of the right account: the bank, project number 3530 and all 14 digits must agree with the Escrow Account panel on Dubai REST and with the SPA.

Yes, the escrow protection does not lapse with the calendar. Money already paid remains with ADCB, and the developer can still draw on it only as inspected construction progress allows. Escrow protects capital while the buildings are completed; it does not compensate buyers for a later handover, and any delay terms sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a registered project is cancelled, and refunds to buyers are then paid out of the protected funds under Dubai Land Department supervision. That protection covers money paid into the registered account, which is why payments routed anywhere else fall outside it. The wider regulatory framework is covered in the Dubai Land Department guide.

The DLD register lists the developer of City Walk Crestlane 2 as CITYWALK RESIDENTIAL 1 L.L.C, developer number 1109, and the project is marketed under the Meraas name. The registered entity name, rather than the marketing brand, is the one that appears on the DLD project record for project 3530 alongside the ADCB trust account.

Meraas delivered BVLGARI Residences on Jumeirah Bay Island, with first handovers in February 2018, and Bluewaters Residences on Bluewaters Island, whose first phase was handed over in February 2019. Those completed residences are the developer's delivery reference for City Walk Crestlane 2, which itself is at the foundation stage of construction.

The DLD register reading dated 08 October 2026 is 6.83%, with the RERA report for that inspection showing the main contract as progressing at the enabling, piling and foundation stage. Because releases to the developer follow inspected progress, escrow carries its greatest weight at this stage, when most of the construction is still to come. Each new reading is tracked on the City Walk Crestlane 2 construction updates page.

The escrow account protects payments made toward the purchase price while the project is built. It does not hold the 4% DLD registration fee, it does not compensate for a change in the handover date or in market value, and it does not protect money sent to any account other than the registered ADCB escrow account. Delay terms and other contractual remedies sit in the Sales and Purchase Agreement.