City Walk Crestlane 3 Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for City Walk Crestlane 3, account number 1050*****20026 (revealed in full in the Escrow Details section at the top of this page). The Dubai Land Department register names ADCB as the trust account bank for project number 3531, which was registered on 6 February 2025.

Several Meraas projects in City Walk keep their escrow accounts at ADCB, and those account numbers open with the same digits, so the bank name and the first few digits alone do not identify the right account. The City Walk Crestlane 3 account number has 14 digits, and every one of them, the final five included, has to match both the Escrow Account panel for project 3531 in Dubai REST and the escrow details in the Sales and Purchase Agreement.

No. Every off-plan payment for City Walk Crestlane 3 is due into the DLD-registered escrow account 1050*****20026 at ADCB (the full number appears in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to route money to a personal account, a broker's account or a different company account, particularly one sweetened with a discount for paying outside escrow, fits the usual pattern of payment-diversion fraud, however official the documents look. Money sent to any other account sits outside the escrow protection.

Under the developer's launch schedule, the 20% booking payment, the six construction-period instalments totalling 55% and the final 25% due on handover are all payable into the project escrow account. Together these make up 100% of the purchase price, so the whole price moves through the account rather than straight to the developer.

No. The 4% DLD registration fee goes to the Dubai Land Department when the purchase is registered and never enters the escrow account. It sits outside the purchase price, so it is neither held against construction nor released to Meraas, and it is separate from the 20% booking payment that does enter escrow.

Money paid into the City Walk Crestlane 3 escrow account is released to the developer in stages, against construction progress verified by inspection and under the supervision of the Dubai Land Department, rather than passed on as soon as it arrives. The DLD register reading stood at 4.59 percent on 15 September 2026, with enabling and piling works under way. Each newer reading is tracked on the City Walk Crestlane 3 construction updates page.

Four dated instalments in the developer's launch schedule, July 2025, November 2025, April 2026 and September 2026, are dated earlier than November 2026. For a purchase made today, Meraas sets the applicable schedule, together with any catch-up sum owed at booking, in the Sales and Purchase Agreement. Whatever that schedule sets, catch-up amounts included, is payable into the same project escrow account, and the next dated instalment on the published schedule falls in February 2027.

Yes, the escrow protection does not depend on the calendar. Money in the City Walk Crestlane 3 escrow account continues to be released only against verified construction progress, whether handover comes in Q4 2028 or later. Escrow protects capital while the project is completed; it does not pay compensation for delay, and any delay terms are set out in the Sales and Purchase Agreement.

Should a registered project be cancelled, RERA takes control of the escrow account, and refunds to buyers are made from the funds held in it under the supervision of the Dubai Land Department. That safety net covers money paid into the registered account only; a payment sent anywhere else falls outside it. The mechanism applies at every stage of construction, including the early stage City Walk Crestlane 3 is at today, with a DLD register reading of 4.59 percent on 15 September 2026. The regulatory framework is set out in the Dubai Land Department guide.

The Dubai Land Department register lists CITYWALK RESIDENTIAL 1 L.L.C, developer number 1109, as the registered developer of City Walk Crestlane 3 (project number 3531), while the project is marketed under the Meraas name. Both names refer to the same registered project: the entity name appears on the DLD record and on the independent progress monitoring report, and Meraas appears on the sales material.

Meraas lists BVLGARI Residences on Jumeirah Bay Island and Bluewaters Residences on Bluewaters Island in its Dubai portfolio; BVLGARI Residences saw its first handovers in February 2018, and the first phase of Bluewaters Residences was handed over in February 2019. City Walk Crestlane 3 itself was registered on 6 February 2025, started construction on 16 April 2025 according to the DLD register, and carries a registered completion date of 10 December 2028, which falls inside the expected Q4 2028 handover window.